Nippon Life India Asset Management Limited

Nippon India Growth Fund-Growth Plan-Growth Option

EquityMid Cap
  • Plan: Regular
  • |
  • Type: Open-Ended
  • |
  • Option: Growth
  • 1 yr return0.8%
  • 3 yr return-
  • 5 yr return13.1%
  • Expense Ratio1.9%
  • Lock-in Period--
  • Exit Load1%
  • Fund Size (Cr)Rupees13596.5
  • NAVRupees2113.5

Performance Graph

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Returns Calculator

  • Show returns for: SIP Lumpsum
  • Monthly SIP (Rupees)
  • Investment years: 1 3 5
  • Amount invested/month: Rupees-
  • Time Period: 1 years
  • Estimated Returns: Rupees0

Fund Video

Analysis

Nippon India Growth Fund from the house of Nippon India Mutual Funds reviewed in detail. The Nippon India Growth Fund invests in equity and equity-related securities of mid cap companies. The fund has an investment objective to generate long-term capital growth by investing its assets in equity and equity-related securities of midcap companies which are ranked 101st to 250th in terms of market capitalization. The minimum lumpsum amount is Rs.100 and the minimum SIP amount is also Rs.100. The fund managers of Nippon India Growth Fund are Mr. Tejas Sheth, Mr. Manish Gunwani, and Mr. Dhrumil Shah.

Nippon India Growth Fund 

This is an open-ended equity scheme that primarily invests in mid-cap securities. The main investment objective of Nippon India Growth Fund scheme is long-term capital appreciation through investments in equity and equity-related securities. The fund was launched in October 1995. 

Investment Philosophy

Nippon India Growth Fund invests in mid-cap companies with great potential to boost their profitability and a proven track record of good performance. The fund aims to identify companies that have the potential to become market leaders in the future. It follows the GARP or Growth at Reasonable Pricing style of investing and strives to invest in growth stocks at reasonable valuation. 

Entry and Exit Load

Entry load is not applicable in Nippon India Growth Fund. However, an exit load of one percent is applicable in case an investor chooses to switch out or redeem mutual fund units within one month of the allocation of mutual fund units. No exit load is chargeable thereafter. 

Minimum Investment Requirement

You can start investing in Nippon India Growth Fund with as low as INR 100, and invest any additional amount in the multiples of 1, thereon. 

Fund Manager 

The fund has been managed by Manish Gunwani since September 2017. Dhrumil Shah and Tejas Sheth are co-fund managers for Nippon India Growth Fund since February 2019 and May 2019, respectively. 

Other Funds by Nippon India Mutual Fund

Nippon India Consumption Fund – Growth Plan – Growth Option 

Nippon India Pharma Fund – Growth Plan – Growth Option 

Nippon India Small Cap Fund

Nippon India Focused Equity Fund – Growth Plan – Growth Option 

Nippon India Value Fund – Growth Plan 

Nippon India Large Cap Fund – Growth Plan – Growth Option

Nippon India Index Fund – NIFTY 50 Plan – Growth Plan – Growth Option

Frequently Asked Questions about Nippon India Growth Fund

Q. What is the expense ratio and how much is it for Nippon India Growth Fund ? 

A. The expense ratio is the annual fee a mutual fund company charges towards the maintenance of mutual fund schemes. This ratio is different for every mutual fund scheme. The expense ratio for Nippon India Growth Fund is 1.82 percent as on 24th September 2022. 

Q. What is the fund size for Nippon India Growth Fund ? 

A. The AUM (assets under management) or fund size for Nippon India Growth Fund as on 24th September 2022 is INR 13225.3 crores with net asset value or NAV of INR 2163.5. 

Q. Is there any lock-in period for Nippon India Growth Fund ?

A. Lock-in period is typically applicable for tax saver mutual funds. Nippon India Growth Fund has no lock-in period and an investor can redeem or switch out his or her Nippon India Growth Fund units at any time post allocation. However, an exit load of one percent may be charged if you redeem/switch out within one month of mutual fund units allocation. 

Q. What are the tax implications on returns from Nippon India Growth Fund ?

A. The returns from Nippon India Growth Fund are considered short term capital gains and taxed at 15 percent if the investment is redeemed within one year. However, in case you sell your Nippon India Growth Fund units after one year of investment, the returns are considered long-term capital gain and taxed at 10 percent on returns of INR 100000+ in a financial year. 

Q. What is the current Nippon India Growth Fund NAV ? 

A. The current Nippon India Growth Fund NAV is INR 2163.5 and has grown at a CAGR of 25 percent in the past three years.

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Investment Objective

The Primary Investment Objective Of The Scheme Is To Achieve Long-Term Growth Of Capital By Investing In Equity And Equity Related Securities Through A Research Based Investment Approach.

Tax Implications

Taxation on mutual fund explained : https://zfunds.in/article/taxes-on-mutual-funds

Riskometer

Top Holdings

  • Companies %
  • Triparty Repo 6.3
  • AU Small Finance Bank Limited 3.5
  • Varun Beverages Limited 3.5
  • Cholamandalam Financial Holdings Limited 2.8
  • Max Financial Services Limited 2.4
  • Power Finance Corporation Limited 2.4
  • Dalmia Bharat Limited 2.2
  • Aditya Birla Fashion and Retail Limited 2.2
  • Devyani International Limited 2.2
  • Supreme Industries Limited 2.1
  • Mahindra & Mahindra Financial Services Limited 2.1
  • Sectors %
  • Finance10.9
  • Banks9.2
  • Pharmaceuticals7.5
  • Internet and Technology6.7
  • Cash/Deposits/Margins/Treps/Repo/Swaps6

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