|Min SIP Amount||₹100|
|NAV||₹11.47 (03 Jul 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹420 Cr|
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 ₹420 Cr and the Latest NAV as of 03 Jul 2020 is ₹11.47.
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
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.