INF204K01E54

CASPeR Ranking #13

Nippon India Growth Fund - Direct Plan - Growth

Very High Risk Mid-Cap Equity

NAV (Thu Jul 18 2024)

₹4,317

Returns (Since Inception)

29.54%

Category Average

25.07%

Rating

4

Allocation and Holdings

Asset class

Weightage

Financial Services

8.32%

Industrials

4.52%

Real Estate

2.29%

Technology

2.20%

Healthcare

2.03%

Consumer Defensive

2.01%

Utilities

1.86%

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Overall rating

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Scheme Information

Fund name

Nippon India Growth Fund - Direct Plan - Growth


Minimum SIP

100


Risk Level

Very High Risk


AUM

₹30838.94 Cr


ISIN

INF204K01E54


Inception Date

Jan 01 1970


Standard Deviation

14.391


Beta

0.91


Sharpe Ratio

1.591


Benchmark

IISL Nifty Midcap 150 TR INR


Expense Ratio

0.810%


Exit Load

1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units. Nil, thereafter.

Risk

Very High Risk

Investment Objective

The primary investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Fund Managers

Manish Gunwani

Dhrumil Shah

Kinjal Desai

Tejas Sheth

About the AMC

Nippon Life India Asset Management Ltd




Corporate Office Address

Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)

Overall AUM

₹30838.94 Cr


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frequently asked questions

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What is the current NAV of Nippon India Growth Fund - Direct Plan - Growth?

The NAV of Nippon India Growth Fund - Direct Plan - Growth is ₹4,317 as of Thu Jul 18 2024.

Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.

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Who is the fund manager of Nippon India Growth Fund - Direct Plan - Growth?

Manish Gunwani is the current fund manager of Nippon India Growth Fund - Direct Plan - Growth as on Fri Jul 19 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.

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What is the expense ratio of Nippon India Growth Fund - Direct Plan - Growth?

The Expense Ratio of Nippon India Growth Fund - Direct Plan - Growth is 81.00% as of Fri Jul 19 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 81.00% of those returns will be retained by the AMC.

The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).

Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.

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What is the minimum SIP amount of Nippon India Growth Fund - Direct Plan - Growth?

The minimum Systematic Investment Plan (SIP) amount required for Nippon India Growth Fund - Direct Plan - Growth is ₹100. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.

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What is the minimum lump sum amount required to invest in Nippon India Growth Fund - Direct Plan - Growth?

To initiate a lump sum investment in Nippon India Growth Fund - Direct Plan - Growth, a minimum initial amount of ₹100 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.

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What is risk category of the Nippon India Growth Fund - Direct Plan - Growth?

In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Nippon India Growth Fund - Direct Plan - Growth is classified as Very High Risk.

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What is the category of Nippon India Growth Fund - Direct Plan - Growth?

The category of the Nippon India Growth Fund - Direct Plan - Growth is Equity.

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