Nippon India Growth Fund Direct- Growth is a Mid Cap mutual fund offered by Nippon India Mutual Fund. This fund has been in operation for 11 years, having been founded on January 1, 2013. Nippon India Growth Fund Direct- Growth has ₹30,839 Crores in assets under management (AUM), making it a medium-sized fund within its category.
The majority of the fund’s capital is allocated to the financial, services, healthcare, automotive and capital goods industries. Compared to other funds in the category, it has taken less exposure to the Financial and Services sectors.
Nippon India Growth Fund Performance
The growth returns over the last year for the Nippon India Growth Fund Direct are 59.28%. It has produced returns of 20.44% on average year since its start. Every two years, the fund doubles the amount invested in it.
The Nippon India Growth Fund Direct-Growth scheme’s track record of regular return delivery is similar to other funds in its class. It performs better than average at controlling losses in a declining market.
Nippon India Growth Fund Returns
| Period | Nippon India Growth Fund | Category average |
|---|---|---|
| 1 month | 2.68% | 1.45% |
| 3 months | 14.72% | 14.81% |
| 6 months | 23.83% | 24.39% |
| 1 year | 58.95% | 53.83% |
| 3 years | 28.83% | 25.34% |
| 5 years | 32.65% | 30.75% |
Nippon India Growth Fund Top 5 Holdings
| Name | Sector | Instrument | Assets |
|---|---|---|---|
|
Power Finance Corporation Ltd.
|
Financial | Equity | 3.30% |
|
Cholamandalam Financial Holdings Ltd.
|
Financial | Equity | 2.89% |
|
Supreme Industries Ltd.
|
Chemicals | Equity | 2.33% |
|
Prestige Estates Projects Ltd.
|
Construction | Equity | 2.29% |
|
Persistent Systems Ltd.
|
Technology | Equity | 2.20% |
Nippon India Growth Fund Suitability
If you invest for 7 years or longer, you can expect profits that outperform both inflation and fixed income returns.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.