|Min SIP Amount||₹100|
|NAV||₹74.71 (05 Aug 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹438 Cr|
|Power Finance Corpn. Ltd.||Financial||NCD||3.6%|
Nippon India Income Fund Direct Growth is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Prashant R.Pimple is the Current Fund Manager of Nippon India Income Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹438 Cr and the Latest NAV as of 05 Aug 2020 is ₹74.71.
The Nippon India Income Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 15 days
Aims to generate optimal returns consistent with moderate level of risk by investing in Debt and Money Market Instruments.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.