|Min SIP Amount||₹100|
|NAV||₹11.36 (23 Oct 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹425 Cr|
|Bharat Sanchar Nigam Ltd||Communication||NCD||5.9%|
Nippon India Income Fund Direct Dividend Monthly 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 Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹425 Cr and the Latest NAV as of 23 Oct 2020 is ₹11.36.
The Nippon India Income Fund Direct Dividend Monthly is rated Moderate risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 25000. Exit load of 0.25% if redeemed within 15 days
The scheme aims to generate capital appreciation of the portfolio and optimal returns consistent with moderate risk. The scheme will predominantly invest in debt instruments, while money market investment can also go up to 50 per cent.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.