Nippon India Nivesh Lakshya Fund Direct Growth is a Debt Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 06 Jul 2018. Prashant R.Pimple, Kinjal Desai is the Current Fund Manager of Nippon India Nivesh Lakshya Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹762 Cr and the Latest NAV as of 03 Apr 2020 is ₹12.98.
The Nippon India Nivesh Lakshya Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units above 10%, 1% will be charged if redeemed within 36 months..
Investment Objective
The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
For units above 10%, 1% will be charged if redeemed within 36 months.
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