Mutual Funds Research

Nippon India Growth Fund: Invest in India’s Emerging Giants

(A) About the Nippon India Growth Fund

Nippon India Growth Fund is a Mid-Cap Equity Scheme. The scheme aims at long-term growth of capital through a research-based investment approach. The funds will be invested in Equity and equity-related instruments, and there will be an exposure to debt and money market instruments.

(B) Basic Details of Nipon India Growth Fund

Fund HouseNipon India Growth Fund
CategoryEquity: Midcap
Launch & Start Date08-Oct-1995 & 08-Dec-1995
TypeOpen-ended
AUM₹19,247 Cr(As on 30 Sep 2023)
Available at NAV of₹2,756.2894(As on 11 October 2023)

(C) Classification Portfolio of the fund

(i) Portfolio Mix by Market Cap Size

Nippon India Growth_MCAPSize

(ii) Top 10 Holdings of the fund

Nippon India Growth_Holdings


(iii) Top 10 Sectors Exposures

Nippon India Growth_sectors

(D) Fund Managers & Tenure of managing the Scheme

Nippon India Growth_Managers

(E) Fund - Investment Details

Nippon India Growth Fund
Application Amount for fresh Subscription (Lumpsum)100
Min Additional Investment (SIP)100
Exit load1%*
Lock InNo

*An exit load of 1% is payable if Units are redeemed / switched-out on or before completing 30 days.

(F) Returns Generated By The Fund

Nippon India Growth_returns

(G) Risk Factors

(i) Valuation Measures

Nippon India Growth_risk

(ii) Top Drawdowns

Nippon India Growth_drawdowns

This chart shows the ups and downs of a fund's value from 2012 to now. When the fund's value drops from its peak, it's called a drawdown. The shaded area shows how long the fund stayed in a drawdown.

This chart helps investors understand how the fund has reacted to big events in the economy.

(H) Investment Philosophy

  • The Fund predominantly invests in mid cap companies that have the potential to compound and substantially increase their profitability over a period of time.
  • Endeavor is to identify potential market leaders at an early stage with a view to create long term alpha.
  • Focus is on 4 verticals which typically may grow faster than the economy – these are consumer discretionary, healthcare, financials and outsourcing to global corporations.
  • The fund follows bottom up stock selection with no style bias.

(I) Taxability of earnings

Taxation

Capital Gains Taxation

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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References:  valueresearchonline.com, Industry’s Publications, News Publications, Mutual Fund Company.

Disclaimer: The report only represents personal opinions and views of the author. No part of the report should be considered as recommendation for buying/selling any stock. Thus, the report & references mentioned are only for the information of the readers about the industry stated.

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