Nippon India Growth Fund was launched on October 8, 1995. It is remarkable since this fund has the highest NAV (Net Asset Value) among all mutual funds in the country. It has a size of Rs 32,970.78 crore and an expense ratio of 1.59% against a category average of 1.84%. It is categorised as very high risk by the risk-o-meter. NIFTY Midcap 150 Total Return Index is the benchmark of this fund.
Lump sum returns
If an investor put Rs 10,000 in this fund 6 months ago, he/she would have got Rs 12,490; 1 year ago it would have generated Rs 15,527; 2 years ago it would have generated 19,174; 5 years ago it would have generated Rs 39,399 and 10 years ago it would have generated Rs 61,183. If anyone had invested the same amount at inception, the fund would given him/her Rs 40,95,381 or Rs 40.95 lakh.
SIP returns
A monthly SIP of Rs 1,000 in this fund 1 year ago would have generated Rs 15,397; 2 years ago would have generated Rs 37,812; 3 years ago would have generated Rs 62,721; 5 years ago would have generated Rs 1,44,306 and 10 years ago would have returned Rs 4,15,179.
Fund composition, top sectors
According to Value Research, this fund has 98.66% of its money in equities, 0.01% in debt and 1.33% in cash or cash equivalent. The sectors on which it is most bullish are financial (invested 23.08% of its funds), consumer discretionary (20.14%), industrials (15.96%), healthcare (10.96%), technology (9.31%), materials (7.23%) and energy & utilities (5.85%).
Top stocks
The top stocks in which Nippon India Growth Fund has deployed a lot of money include Power Finance Corporation, Cholamandalam Financial, The Federal Bank, Voltas, Fortis Healthcare, NTPC, Indus Towers, Varun Beverages, Bharat Forge, BSE, Cummins India, Dixon Technologies, AU Small FInnace Bank and Trent.
Volatility
The fund has a Beta of 0.93% which indicates that it has 7% less volatility than the market. Its alpha is 1.87, which indicates the fund manager has produced high returns compared to its benchmark.
At Rs 4,095.38 on August 27, 2024, Nippon India Growth Fund has the highest NAV in India. It is an equity mid-cap fund. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
