3 Year return

14.83%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

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Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹598.15 Cr.

Expense Ratio

0.18% (inclusive of GST)

Exit Load

0.25% - If redeemed or switched out on or before completion of 7 days from the date of allotment of units. Nil - If redeemed or switched out after 7 days from the date of allotment of units.

Ratings

0

Ratings by other agencies

4
2
0

Tax Implications

There are no records found for Tax Implications.

Fund Holdings

Holdings

Nippon India Mutual Fund Managers

MD

Mehul Dama

Fund Manager since Aug 2022

Fund House Details

Nippon India Mutual Fund Asset management company

AUM ₹380,049.04 Cr.
No. of Schemes 298
Setup Date NA

Peer Comparison

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Schemes by Nippon India Mutual Fund

List of mutual fund schemes by AMC

About Nippon India Index Fund S&P BSE Sensex Plan Direct Plan Growth

Nippon India Index Fund S&P BSE Sensex Plan Direct Growth, managed by Nippon India Mutual Fund, offers investors a passive investment approach to participate in the growth of the Indian equity market. The scheme tracks the performance of the S&P BSE Sensex TRI, investing in the same securities and proportion as the Sensex to mirror its movements closely. This low-cost index fund provides an opportunity for investors wanting exposure to a diversified portfolio of leading Indian companies and long-term capital growth.

Investment Objective of the Scheme

The primary investment objective of Nippon India Index Fund S&P BSE Sensex Plan Direct Growth is to mirror the investment mix of the Sensex, aiming to generate returns that are in line with the performance of the Sensex, subject to minimal tracking errors. By investing in the securities constituting the Sensex, the fund seeks to offer investors an opportunity to partake in the potential growth of the Indian equity market in a cost-efficient and systematic manner.

Key Features of The Fund

5-year return 16.41%
Expense Ratio 0.18%
Fund Manager Mehul Dama
Fund Size ₹598.15 Cr
Risk Profile Very High

Is This Scheme Right for Me?

Nippon India Index Fund S&P BSE Sensex Plan Direct Growth is suitable for investors who seek long-term capital growth, comfortable with investing in equity and equity-related securities. As the scheme replicates the Sensex composition, it exposes investors to a diverse basket of leading Indian companies. However, investors need to understand that since the fund follows a passive investment strategy, its performance will directly link to the Sensex movement. Like any investment decision, potential investors should align their investment strategy with financial objectives, risk tolerance and investment horizon to make informed portfolio choices.

AMC Contact Details

Name Nippon India Mutual Fund
Launch Date June 1995
Addresss Nippon Life India Asset Management Limited, 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400 013
Contact 1860 266 0111
Email [email protected]
Website https://mf.nipponindiaim.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

FAQs

What is today's NAV of Nippon India Index Fund S&P BSE Sensex Direct Plan Growth?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Nippon India Index Fund S&P BSE Sensex Direct Plan Growth Feb 23 2024 is 38.8366

What is the AUM of Nippon India Index Fund S&P BSE Sensex Direct Plan Growth?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Nippon India Index Fund S&P BSE Sensex Direct Plan Growth is 598.15 crore.

What is the expense ratio of Nippon India Index Fund S&P BSE Sensex Direct Plan Growth?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Nippon India Index Fund S&P BSE Sensex Direct Plan Growth is 0.18%

What are the returns of Nippon India Index Fund S&P BSE Sensex Direct Plan Growth since inception?

The Nippon India Index Fund S&P BSE Sensex Direct Plan Growth was launched on Jan 01 2013. The fund has delivered a CAGR of 13.3 since inception.

What is the minimum SIP amount to invest in Nippon India Index Fund S&P BSE Sensex Direct Plan Growth?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Nippon India Index Fund S&P BSE Sensex Direct Plan Growth is 100.

How do I invest in Nippon India Index Fund S&P BSE Sensex Direct Plan Growth?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Nippon India Index Fund S&P BSE Sensex Direct Plan Growth?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Nippon India Index Fund S&P BSE Sensex Direct Plan Growth?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Nippon India Index Fund S&P BSE Sensex Direct Plan Growth?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.