Nippon India Growth Fund

Overview of Nippon India Growth Mutual Fund

  • Type or nature of fund
  • Nippon India Growth is an open-ended equity growth mutual fund scheme

  • Investment objective
  • The aim of the Nippon India Growth fund is to provide long-term capital growth to investors by investing their money in equity and equity related through an investment approach that is primarily based on research and analysis of the share market.

  • Fund Information
  • Inception date •8th October 1995
    CRISIL rank •NA
    Plans Growth and Dividend Plans
    Options Dividend and Growth

    The Scheme offers following Plans / Options:

    Growth Plan

    1. Growth Option

    Dividend Plan

    1. Dividend Payout Option
    2. Dividend Reinvestment Option

    Direct Plan - Growth Plan

    1. Growth Option Direct Plan

    Dividend Plan

    1. Dividend Payout Option
    2. Dividend Reinvestment Option
    Entry load NIL
    Exit load 1% if redeemed before completion of 1 year, NIL if redeemed after completion of 1 year from date of allotment of units
    Minimum investment Rs.5000 and then in multiples of Re.1 and Rs.1000 (plus multiples of Re.1) for additional investment (for existing customers)

    Yes. Following is the break-up for various plans. Minimum investment amount for investing:

    1. Rs.100/- per month then in multiples of Re. 1/- for minimum 60 months
    2. Rs.500/- per month then in multiples of Re. 1/- for minimum 12 months
    3. Rs.1000/- per month then in multiples of Re. 1/- for minimum 6 months
    4. Rs.500/- per quarter then in multiples of Re. 1/- for minimum 12 quarters
    5. Rs.1500/- per quarter then in multiples of Re. 1/- for minimum 4 quarters
    6. Rs. 5000/- per year then in multiples of Rs. 500/- for minimum 2 years
    Product label – Risk and target investors Moderately High, best-suited for investors who are looking for long-term capital appreciation
    Benchmark (about the benchmark) S&P BSE 100 Index,
    SWP Yes, Available
    STP Yes, Available
    Redemption Nippon India Growth Mutual Fund redemption proceeds are dispatched within 10 working days after receiving a valid redemption request from customer. Fund provider is required by SEBI, to pay a penal rate of interest of 15% per annum if the redemption is not processed within the stipulated time frame
    Taxation Based on nature of income and type of fund taxation will differ for different investors. For specific taxation guidelines, it is best to consult a financial adviser. However, tax applies to mutual funds in addition to this a small amount of surcharge too, is levied
  • Fund manager
  • The Fund Manager for Nippon India Growth Fund is Mr. Sunil Singhania who has been in the business of tracking and managing equity investments for the past 20 years. He endeavors to offer customers mutual funds that are not only smart investment choices but also offer substantial risk-adjusted returns. Sunil is a graduate from Narsee Monjee College, Mumbai after which he completed CFA course, USA as well as ICAI for Chartered Accountancy. He also secured an all India rank in the CA course.

  • Investment philosophy or strategy
  • The investment strategy of Nippon India Growth Fund can be summed up in the following few points

    • Aims to achieve substantial returns for customers by investing in a combination of leading companies' stocks as well as those of emerging market leaders
    • Invests in company stocks that have potential to increase profitability and those that have a consistent track record in the stock market
    • Aims to invest in deep value stocks
    • Aims to invest in companies that have high chances of offering major returns as compared to the risk associated
    • Growth at reasonable price (GARP) style of investment in order to boost future growth and profitability
  • Portfolio – Sector / Top 10 holdings
  • Following is the company + sector-wise break up of stocks that Nippon India Growth Fund is invested in.

    Name Sector Class Allocation (%)
    UPL Ltd. Chemicals Equity 5.81
    Axis Bank Ltd. Auto Equity 5.29
    HCL Technologies Ltd. IT Equity 5.19
    Aditya Birla Nuvo Ltd. Conglomerates Equity 4.69
    Indiabulls Housing Finance Ltd. Financial Equity 4.25
    Divis Laboratories Ltd. Pesticides Equity 3.98
    United Spirits Ltd. Food and Beverage Equity 3.67
    ICICI Bank Ltd. Finance Equity 3.51
    Orient Cement Auto Equity 3.42
    Larson & Tubro Engineering Equity 3.25
  • Risk measures –
  • The risk measures listed below have been calculated by taking rolling return for a 3 year period from 31/08/2012 to 31/08/2015

    •Sharpe Ratio •24.2
    •Alpha •3.9
    •Beta •1.07
    •Standard Deviation •NA
  • Fund Performance
  • •AUM •Rs.5878.46 Crores
    •NAV •Rs.786.26 as of 31st August, 2015
    •Expenses, expense ratio •Up to 2.23%

Benchmark Comparison

Following is the benchmark comparison for Nippon India Growth Fund as per data from May 29th, 2015.

Compounded Annualised Returns Scheme Returns % Benchmark Returns %
Returns for the last 1 year 32.27 16.46
Returns for the last 3 years 25.85 19.97
Returns for the last 5 years 13.05 10.41
Returns since inception (Inception date October 08, 1995) 25.06 11.83

Absolute Returns for each financial year for the last 5 years are mentioned above.

Expert view of the fund

Nippon India Growth mutual fund is an investment tool aimed at offering significant returns to investors who are willing to invest in long-term mutual fund scheme. The fund invests in sectors and stocks that hold strong currently as well as those that show promise for future growth and risk mitigation. Nippon India Growth invests its funds in equity and equity related instrument and hence the fund scheme is ideal for investors who are willing to take risk in order to earn substantial returns. This fund scheme is suitable for customers who have a long-term financial goal in mind and who do not have any urgent financial liability to be met.

How to apply for Nippon India Growth Mutual Fund

Nippon India Growth mutual fund can be obtained both offline as well as online. In order to apply for this fund offline, you will need to visit any of the Nippon India Capital branch office. You will be required to fill in an an application form and submit it along with certain KYC documents.

In order to apply online, you must visit the Nippon India Mutual Fund website wherein the company has furnished the option of online application of mutual funds. Alternatively, financial advisers from the company can be contacted in order to learn every aspect of funds offered by Nippon India and apply subsequently. The company also has a mobile application as well as mobile website which can be availed by customers on the go, if they want to invest in Nippon India Growth mutual fund.

GST rate of 18% applicable for all financial services effective July 1, 2017.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

This Page is BLOCKED as it is using Iframes.