Nippon India Quant Fund Retail Direct Growth is a Equity Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Ashutosh Bhargava is the Current Fund Manager of Nippon India Quant Fund Retail Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹25 Cr and the Latest NAV as of 23 Oct 2019 is ₹26.71.
The Nippon India Quant Fund Retail Direct Growth is rated High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 month.
Investment Objective
The investment objective of the scheme is to generate capital appreciation through investment in equity and equity related instruments.The scheme will seek to generate capital appreciation by investing in an active portfolio of stocks selected from S & P CNX Nifty on the basis of a mathematical model.
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 1 month
Exit Load