Fund Details
Nippon India Growth Fund Institutional IDCW
| Risk | Very High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.98% |
| NAV | ₹570.35 (16 Apr 2021) |
|---|---|
| Fund Started | 09 Aug 2007 |
| Fund Size | ₹9,031 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Lower expense ratio - 1.98%
3. 3Y Returns are higher than the category average returns
4. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is more than 5000 Crs. Returns tend to go low once AUM exceeds a certain amount
2. 10Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Varun Beverages Ltd. | FMCG | Equity | 4.5% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 4.1% |
| ICICI Bank Ltd. | Financial | Equity | 3.1% |
| Voltas Ltd. | Cons Durable | Equity | 2.8% |
| Ashok Leyland Ltd. | Automobile | Equity | 2.8% |
| AU Small Finance Bank Ltd. | Financial | Equity | 2.8% |
| Max Financial Services Ltd. | Financial | Equity | 2.6% |
| Emami Ltd. | FMCG | Equity | 2.6% |
| SRF Ltd. | Diversified | Equity | 2.6% |
| L&T Technology Services Ltd. | Engineering | Equity | 2.5% |
Fund Managers
Nippon India Growth Fund Institutional IDCW Details
Nippon India Growth Fund Institutional IDCW is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 09 Aug 2007. Manish Gunwani is the Current Fund Manager of Nippon India Growth Fund Institutional IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹9,031 Cr and the Latest NAV as of 16 Apr 2021 is ₹570.35.
The Nippon India Growth Fund Institutional IDCW is rated Very High risk. Minimum SIP Investment is set to 100. Exit load of 1% if redeemed within 1 months
Investment Objective
The scheme aims at long term growth of capital through research based investment approach. The funds will be invested in Equity and equity related instruments ,and there will be an exposure to debt and money market instruments also.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
