INF204K01CL1

CASPeR Ranking #62

Nippon India Income Fund - Growth Plan

Moderate Risk Medium to Long Duration Fixed Income

NAV (Tue Sep 17 2024)

₹85

Returns (Since Inception)

5.55%

Category Average

5.81%

Rating

4

Allocation and Holdings

Asset class

Weightage

Unknown

94.52%

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Overall rating

100K+Downloads

Scheme Information

Fund name

Nippon India Income Fund - Growth Plan


Minimum SIP

100


Risk Level

Moderate Risk


AUM

₹356.91 Cr


ISIN

INF204K01CL1


Inception Date

Jan 01 1998


Standard Deviation

2.113


Beta

-


Sharpe Ratio

-0.151


Benchmark

NIFTY Medium to Long Dur Debt TR INR


Expense Ratio

1.520%


Exit Load

0.25% - if redeemed or switched out on or before completion of 15 days from the date of allotment of units. Nil - if redeemed or switched out after the completion of 15 days from the date of allotment of units.

Risk

Moderate Risk

Investment Objective

The primary investment objective of the scheme is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.

Fund Managers

Vivek Sharma

Kinjal Desai

About the AMC

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frequently asked questions

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

The NAV of Nippon India Income Fund - Growth Plan is ₹85 as of Tue Sep 17 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 Income Fund - Growth Plan?

Vivek Sharma is the current fund manager of Nippon India Income Fund - Growth Plan as on Wed Sep 18 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 Income Fund - Growth Plan?

The Expense Ratio of Nippon India Income Fund - Growth Plan is 152.00% as of Wed Sep 18 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 152.00% 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 Income Fund - Growth Plan?

The minimum Systematic Investment Plan (SIP) amount required for Nippon India Income Fund - Growth Plan 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 Income Fund - Growth Plan?

To initiate a lump sum investment in Nippon India Income Fund - Growth Plan, a minimum initial amount of ₹5,000 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 Income Fund - Growth Plan?

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 Income Fund - Growth Plan is classified as Moderate Risk.

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

The category of the Nippon India Income Fund - Growth Plan is Fixed Income.

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