fund

Nippon India Growth Fund: Fund Review


ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

BASIC FACTS
DATE OF LAUNCH


10 AUGUST 1995

CATEGORY

EQUITY

TYPE

MID CAP

AUM*

Rs.11,268 Crore

BENCHMARK

NIFTY MIDCAP 150

TOTAL RETURN INDEX

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WHAT IT COSTS


NAV**
BONUS


Rs.330.10

GROWTH OPTION

Rs.1,982.96

NAV**

BONUS

Rs.330.10

IDCW

Rs.73.29

MINIMUM INVESTMENT

Rs.100

MINIMUM SIP AMOUNT

Rs.100

EXPENSE RATIO*** (%)

1.89

EXIT LOAD

0.1% for redemption

within 30 days

*AS ON 30 JUNE 2022
**AS ON 26 JULY 2022
***AS ON 30 JUNE 2022

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FUND MANAGER

MANISH GUNWANI

TENURE: 4 YEARS, 8 MONTHS

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Recent portfolio changes
New Entrants:
Endurance Technologies, , M&M, MRF, , , Campus Activewear, LIC, Prudent Corporate Advisory Services, , , Zomato, , .

Complete Exits: Exide Industries, , , , Infosys, , , , Coforge, L&T Technology Services.

Should you buy?

Earlier run as a market cap agnostic fund, this fund shifted to the mid-cap mandate in 2018, preceded by a change in fund manager a year earlier. This sparked a realignment in its approach, with the fund manager ushering more diversification in the portfolio. The emphasis is on keeping risk contained with modest positions—the top 10 stocks account for less than 30% of the entire portfolio. The fund maintains sizeable presence in both large- and small-cap stocks apart from its mid-cap focus. The transition initially sparked a pick up in fund’s return profile followed by a brief lull, but is finding its footing again. The presence of a proven fund manager at its helm provides comfort for the long term.

(Source: Value Research)



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