Nippon India Equity Hybrid Fund Dividend Monthly is a Hybrid Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 09 Aug 2016. Amit Tripathi, Sanjay Parekh is the Current Fund Manager of Nippon India Equity Hybrid Fund Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹9,278 Cr and the Latest NAV as of 06 Dec 2019 is ₹10.20.
The Nippon India Equity Hybrid Fund Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 500. Exit load of 1% if redeemed within 12 months.
The primary investment objective of this option is to generate consistent returns and appreciation of capital by investing in a mix of securities comprising of equity, equity related instruments & fixed income instruments.
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 12 months