Nippon India Focused Equity Fund Direct Growth is a Equity Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Samir Rachh is the Current Fund Manager of Nippon India Focused Equity Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹4,280 Cr and the Latest NAV as of 21 Nov 2019 is ₹49.13.
The Nippon India Focused Equity Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year.
The primary investment objective of the scheme is to seek to generate long term capital appreciation &provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and Derivatives predominantly in Mid Cap and Small Cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities. However there can be no assurance that the investment objective of the scheme will be realized, as actual marketmovements may be at variance with anticipated trends.
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)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 1 year