3 Year return

17.01%
Launched on August 2020 (4 years)

Investment Details

₹100

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹2543.08 Cr.

Expense Ratio

0.32% (inclusive of GST)

Exit Load

10% of the units allotted can be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1.00% - If redeemed or switched out on or before completion of 12 months from the date of allotment of units Nil - If redeemed or switched out after completion 12 months from the date of allotment of units.

Ratings

0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Nippon India Mutual Fund Managers

VD

Vikram Dhawan

Fund Manager since Apr 2022

Fund House Details

Nippon India Mutual Fund Asset management company

AUM ₹380,049.04 Cr.
No. of Schemes 287
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Nippon India Mutual Fund

List of mutual fund schemes by AMC

About Nippon India Multi Asset Fund Direct Plan-Growth

The Nippon India Multi Asset Fund Direct Plan-Growth is an open-ended mutual fund offered by Nippon India Mutual Fund. The fund belongs in the category of hybrid funds and endeavours to offer a diversified collection of investment options to investors. Fund allocation is done with a view to diversification over different classes of assets like gold, debt, and equity. In this sense, this is a multi-asset scheme.

Investment Objective of the Scheme

Nippon India Multi Asset Fund Direct Plan Growth's investment goal is the formation of long-term capital appreciation through the investment of debt, equity, and gold. The fund has the ability to adjust asset allocations based on market circumstances and the overall economic perspective and hence tries to utilise a diverse mix of assets to generate returns. A balance between stable investment and growth is what the fund seeks to achieve. The debt component of the fund reduces your risk, the equity component may lead to growth, and the gold component provides a hedge against potential volatility and inflation.

Key Features of The Fund

5-year return NA
Expense Ratio 0.32%
Fund Manager Vikram Dhawan
Fund Size ₹2543.08 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Nippon India Multi Asset Fund Direct Plan-Growth scheme may be suited to investors who want capital growth in the long term, seek portfolio diversification, and want to invest in a fund that may provide mitigation of potential risk. With these information in mind, you may want to decide your investment aims and financial needs before investing.

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 Multi Asset Fund 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 Multi Asset Fund Direct Plan Growth Feb 20 2024 is 18.4113

What is the AUM of Nippon India Multi Asset Fund 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 Multi Asset Fund Direct Plan Growth is 2543.08 crore.

What is the expense ratio of Nippon India Multi Asset Fund 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 Multi Asset Fund Direct Plan Growth is 0.32%

What are the returns of Nippon India Multi Asset Fund Direct Plan Growth since inception?

The Nippon India Multi Asset Fund Direct Plan Growth was launched on Aug 07 2020. The fund has delivered a CAGR of 19.16 since inception.

What is the minimum SIP amount to invest in Nippon India Multi Asset Fund 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 Multi Asset Fund Direct Plan Growth is 100.

How do I invest in Nippon India Multi Asset Fund 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 Multi Asset Fund 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 Multi Asset Fund 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 Multi Asset Fund 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.