|Min SIP Amount||₹100|
|NAV||₹18.86 (13 Aug 2020)|
|Fund Started||28 Sep 2010|
|Fund Size||₹222 Cr|
|Reliance Industries Ltd.||Energy||Equity||13.9%|
|HDFC Bank Ltd.||Financial||Equity||9.5%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||6.6%|
|Tata Consultancy Services Ltd.||Technology||Equity||5.1%|
|ICICI Bank Ltd.||Financial||Equity||4.8%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||4.3%|
|Hindustan Unilever Ltd.||FMCG||Equity||4.2%|
|Bharti Airtel Ltd.||Communication||Equity||2.8%|
Nippon India Index Fund Nifty Plan Growth is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 28 Sep 2010. Payal Kaipunjal is the Current Fund Manager of Nippon India Index Fund Nifty Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹222 Cr and the Latest NAV as of 13 Aug 2020 is ₹18.86.
The Nippon India Index Fund Nifty Plan Growth is rated Moderately High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 7 days
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
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.