Nippon India Flexi Cap Fund Direct - Growth - NFO

Equity
Flexi Cap
Very High Risk
Launch date26 Jul 2021
Allotment date16 Aug 2021
End date09 Aug 2021
NAV₹10.00

Fund Overview

Overview of Nippon India Flexi Cap Fund Direct - Growth - NFO

Expense ratio, exit load and tax

Expense ratio: 0.50%

Inclusive of GST

Exit load

For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹100
Min. for SIP₹100

Fund management

Meenakshi Dawar
Jan 2023 - Present
View details

Education
Ms. Dawar is a B.Tech from IGIT New Delhi and PGDM from IIM Ahmedabad.
Experience
Prior to joining Nippon India Mutual Fund had worked with IDFC Mutual Fund. She has worked in institutional equities sales and research division on sell side.
Also manages these schemes

Dhrumil Shah
Jul 2021 - Present
View details

Education
Mr. Shah is B.com and C.A
Experience
Prior to joining Nippon India Mutual Fund, he has worked with Birla Sun Life Insurance as AVP Investments, Equity Fund Management and Research and ASK investment Managers as Portfolio Manager, Equity Fund Management and Research.
Also manages these schemes

Kinjal Desai
Jul 2021 - Present
View details

Education
Ms. Desai has done B.A (Economics), MSc. (Economics) and has cleared CFA Level 1
Experience
She has been working with Nippon India Mutual Fund since year, 2012
Also manages these schemes

Fund house & investment objective

Rank (total assets)#6 in India
Total AUM₹4,40,507.23Cr
Date of Incorporation30 Jun 1995

Nippon India Flexi Cap Fund Direct - Growth - NFO is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Manish Gunwani is the Current Fund Manager of Nippon India Flexi Cap Fund Direct - Growth - NFO fund. The fund currently has an Asset Under Management(AUM) of ₹4,40,507 Cr and the Latest NAV as of 16 Aug 2021 is ₹10.00. The Nippon India Flexi Cap Fund Direct - Growth - NFO is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. For units in excess of 10% of the investment,1% will be charged for redemption within 365 days ;

Fund house contact details

Address
4th Floor, Tower A, Peninsula Business Park,Ganapatrao Kadam Marg, Lower Parel (W), Mumbai 400013
Phone
NA
Launch Date
30 Jun 1995
E-mail
NA
Website
NA
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