Nippon India Index Fund Nifty Plan Direct Growth is a Others Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Payal Kaipunjal is the Current Fund Manager of Nippon India Index Fund Nifty Plan Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹145 Cr and the Latest NAV as of 18 Oct 2019 is ₹20.27.
The Nippon India Index Fund Nifty Plan Direct Growth is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 7 days.
Investment Objective
The primary investment objective of the scheme is to replicate the composition of the Nifty, with a view to generate returns that are commensurate with the performance of the Nifty, subject to tracking errors
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 0.25% if redeemed within 7 days
Exit Load