Nippon India Income Fund Direct Dividend Monthly is a Debt Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Prashant R.Pimple is the Current Fund Manager of Nippon India Income Fund Direct Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹270 Cr and the Latest NAV as of 05 Dec 2019 is ₹11.06.
The Nippon India Income Fund Direct Dividend Monthly is rated Moderate risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 25000. 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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 0.25% if redeemed within 15 days