Nippon India Multi Asset Fund Direct - Growth - NFO

Hybrid
Multi Asset Allocation
Moderately High Risk
Launch date07 Aug 2020
Allotment date27 Aug 2020
End date21 Aug 2020
NAV₹10.00

Fund Overview

Overview of Nippon India Multi Asset Fund Direct - Growth - NFO

Expense ratio, exit load and tax

Expense ratio: 0.24%

Inclusive of GST

Exit load

Exit load of 1%, if redeemed within 1 year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹5,000
Min. for SIP₹100

Fund management

Vikram Dhawan
Aug 2020 - Present
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Education
Mr Dhawan has done B.E (Mechanical) and PGD Material Management.
Experience
Prior to joining Nippon India Mutual Fund he has worked with Nippon Life India AIF Management Limited, Reliance Capital Limited, Gold Matrix Pte, Vedanta Group, Zee Gold Refinery (Shirpur Gold Refinery), N.M. Rothschild & Sons., Bank of Nova Scotia, Birla Copper (Hindalco) and Synthetics & Chemicals Ltd.
Also manages these schemes

Manish Gunwani
Aug 2020 - Present
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Education
Mr. Gunwani is a B.Tech. and PGDM.
Experience
Prior to joining Nippon India Mutual Fund, he has worked with ICICI Prudential Mutual Fund as Fund Manager and as Analyst in various organisations: Vicisoft Technologies, Lehman Brothers, Brics Securities , Lucky Securities, SSKI Securities and Prime Securities.
Also manages these schemes

Ashutosh Bhargava
Aug 2020 - Present
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Education
Mr. Bhargava is B.Com & MBA (Finance)
Experience
Prior to joining Nippon India Mutual Fund he has worked with Reliance Capital Ltd and JP Morgan India Service Pvt. Ltd.
Also manages these schemes

Kinjal Desai
Aug 2020 - Present
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Education
Ms. Desai is MSc(Economics)
Experience
Associate Equity Investements at NAM India Assisting Lead Analyst in Equity Research, idea generation and sector Monitoring., assisting Fund Managers in stock selection and monitoring of overseas investments.
Also manages these schemes

Tejas Sheth
Oct 2020 - Present
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Sushil Budhia
Mar 2021 - Present
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Education
Mr. Budhia has done CA
Experience
Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.
Also manages these schemes

Fund house & investment objective

Rank (total assets)#6 in India
Total AUM₹2,77,915.13Cr
Date of Incorporation30 Jun 1995

Fund house contact details

Address
4th Floor, Tower A, Peninsula Business Park,Ganapatrao Kadam Marg,Lower Parel (W), Mumbai 400013
Phone
022-68334800 / 18602660111
Launch Date
30 Jun 1995
Website
NA
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