Nippon India Long Term Equity Fund

Overview of Nippon India Long Term Equity Fund (Nippon India Mid & Small Cap Fund)

Nippon India Long Term Equity Fund, as the name itself suggests, is a long-term mutual fund scheme primarily aimed at invetsment in equity and equity related securities. However, since January 2015, the name of the mutual fund scheme has been changed to Nippon India Mid & Small Cap Fund and the benchmark of the fund has been changed from S&P BSE 200 Index to S&P BSE Mid-cap Index.

1. Type or nature of fundNippon India Mid & Small Cap Fund is an open-ended diversified equity scheme.
2. Investment objectiveNippon India Mid & Small Cap Fund seeks as primary objective, long-term capital appreciation as well as long-term growth opportunities by investing predominantly in equity, equity related securities and derivatives. The fund aims to invest basically in small and mid cap company stocks. Secondary objective of this mutual fund scheme is to generate consistent returns by investing in debt instruments and other money market securities.

Fund Information

1. Inception date•27th December 2006CRISIL rank•4 in Small & Mid Cap Fund categoriesOptionsGrowth and Investment PlansSchemesNippon India Mid & Small Cap Fund - Direct Plan (D)Nippon India Mid & Small Cap Fund (D)Nippon India Mid & Small Cap Fund (G)Nippon India Mid & Small Cap Fund - Direct Plan (G)Magnum Institutional Income - Investment Plan (D)Nippon India Small Cap Fund (Bonus)Entry loadNAExit load1% if redeemed before completion of 1 year, NIL if units are redeemed after completion of 1 year from the date of allotment of unitsMinimum investmentRs.5000and then in multiples of Re.1 and Rs.1000 (plus multiples of Re.1) for exiting customers who wish to make additional investmentSIPSystematic Investment Plan or SIP scheme is available for Nippon India Long Term Equity Fund. Following are the investment amounts permissible for this.Minimum investment amount for investing in SIP for Nippon India Regular Savings Plan is listed below:Product label - Risk and target investorsModerately High, most suitable for investors who want long-term capital appreciation and are willing to take a higher riskBenchmarkS&P BSE Mid Cap IndexSWPYes, AvailableSTPYes, AvailableRedemptionNippon India Mid & Small Cap mutual fund units can be redeemed by placing a valid redemption request with the fund provider. Depending upon the request submission date, redemption of units is processed within a maximum of 10 working days. However, usually a standard redemption request gets processed in 3-4 days.TaxationApplicable taxes depend upon the type of mutual fund scheme availed and the amount and time of redemption of units. However, it is in the best interest of investors to consult a tax adviser for computation of applicable tax before redemption of units.
   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