|Min SIP Amount||₹100|
|NAV||₹20.61 (10 Jul 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹3,514 Cr|
|HDFC Bank Ltd.||Financial||Equity||7.8%|
|ICICI Bank Ltd.||Financial||Equity||5.7%|
|Reliance Industries Ltd.||Energy||Equity||5.4%|
|State Bank of India||Financial||Equity||4.9%|
|Bharti Airtel Ltd.||Communication||Equity||4.3%|
|Hindustan Unilever Ltd.||FMCG||Equity||4.3%|
|Motherson Sumi Systems Ltd.||Automobile||Equity||3.9%|
|Honeywell Automation India Ltd.||Engineering||Equity||3.8%|
Nippon India Focused Equity Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Vinay Sharma is the Current Fund Manager of Nippon India Focused Equity Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹3,514 Cr and the Latest NAV as of 10 Jul 2020 is ₹20.61.
The Nippon India Focused Equity Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months.
The primary investment objective of the scheme is to generate long-term capital growth by predominantly investing in an active and concentrated portfolio of equity & equity related instruments up to 30 companies across market capitalization. The secondary objective of the scheme is to generate consistent returns by investing in debt, money market securities, REITs and InvITs. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
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.