Fund Details
Nippon India Credit Risk Fund Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 1.65% |
| NAV | ₹24.68 (12 Apr 2021) |
|---|---|
| Fund Started | 08 Jun 2005 |
| Fund Size | ₹1,045 Cr |
Returns
Comparison
1. Age is more than 10 years
1. Higher expense ratio - 1.64%
2. 1Y Returns are lower than the category average returns
3. 3Y Returns are lower than the category average returns
4. 10Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Piramal Enterprises Ltd. | Healthcare | CP | 2.8% |
| Dewan Housing Finance Corpn. Ltd. | Financial | Debenture | 0.0% |
Fund Managers
Nippon India Credit Risk Fund Growth Details
Nippon India Credit Risk Fund Growth is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 08 Jun 2005. Prashant R.Pimple is the Current Fund Manager of Nippon India Credit Risk Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,045 Cr and the Latest NAV as of 12 Apr 2021 is ₹24.68.
The Nippon India Credit Risk Fund Growth is rated Very High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 500. Exit load of 1% if units in excess of 10% are redeemed within 12 months
Investment Objective
The scheme aims to generate optimal returns consistent with moderate levels of risk. It will invest atleast 65 per cent of its assets in debt instruments with maturity of more than 1 year and the rest in money market instruments (including cash or call money and reverse repo) and debentures with maturity of less than 1 year. The exposure in government securities will generally not exceed 50 percent of the assets.
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.
