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​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​​​​​Home Products By Asset Class > ​​ Equity Funds >  ​ Nippon India Growth Fund. ​​​​​​​

Nippon India Growth Fund

Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks

Product Label Close

This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity and equity related instruments through a research based approach.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Fund Riskometer

Nippon India Growth Fund

Benchmark Riskometer

Nifty Midcap 150 TRI

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  • Investment Objective:
    The primary investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (27 Mar 2024)3241.2359


NAV as on February 29, 2024: `3,239.7949

Performance of Nippon India Growth Fund as on 29/02/2024
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception%
Nippon India Growth Fund54.1327.5825.5822.56
B:NIFTY Midcap 150 TRI57.0827.4225.42NA
AB:S&P BSE Sensex TRI24.5115.2116.4812.83
Value of `10000 Invested
Nippon India Growth Fund15,43120,80631,26932,39,785
B:NIFTY Midcap 150 TRI15,72820,72731,070NA
AB:S&P BSE Sensex TRI12,45815,31221,4633,09,104
Inception Date : Oct 8, 1995
B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager : Rupesh Patel (Since Jan 2023), Sanjay Doshi (Assistant Fund Manager) (Since Jan 2023)
As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from date 06-Oct-1995 to date 19-Aug-1996 and TRI values since date 19-Aug-1996.
NA has been mentioned as the benchmark data for corresponding period is not available.

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Rupesh Patel

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India ELSS Tax Saver Fund40.1639.5820.6519.3416.2518.79

Note:

a. Rupesh Patel manages 2 open-ended schemes of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Mr. Rupesh Patel has been managing Nippon India Growth Fund Since Jan 2023,Nippon India Tax Saver (ELSS) Fund since July 2021.

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Sanjay Doshi

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Power & Infra Fund77.4662.4035.8226.6927.5724.38
Nippon India Retirement Fund - Wealth Creation Scheme43.8039.3420.3319.4114.9018.98
Nippon India Retirement Fund - Income Generation Scheme14.2712.527.227.678.129.40

Note:

a. Sanjay Doshi manages 4 open-ended schemes of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan). # Co-Fund Manager.

Mr. Sanjay Doshi has been managing Nippon India Power & Infra Fund since Jan 2017, Nippon India Retirement Fund - Income Generation Scheme since July 2020, Nippon India Retirement Fund - Wealth Creation Scheme since July 2020,Nippon India Growth Fund Since Jan 2023.

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. Returns for 1 year and above are compounded annualized(CAGR) and returns less than 1 year are simple annualized basis. 6 months simple annualized returns are provided for the schemes that are in existence for more than 6 months but have not completed 1 year.IDCW (if any) are assumed to be reinvested at the prevailing NAV. In case of Nippon India ETF Liquid BeES, returns are based on gross IDCW per unit declared by the Fund. Bonus (if any) declared has been adjusted.Face value of schemes is `10 per unit, except for the schemes as specified here. Face Value of Nippon India Liquid Fund, Nippon India Money Market Fund Nippon India Ultra Short Duration Fund, Nippon India Low Duration Fund and Nippon India ETF Liquid BeES is `1000 per unit. Face value of Nippon India ETF Junior BeES is `1.25 per unit. Face value of Nippon India Overnight Fund is `100 per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES, Nippon India ETF Gold BeES is `1 per unit. In case, the start/end date of the concerned period is non-business day, NAV of the previous date is considered for computation of returns. Performance details of closed ended and interval schemes are not provided since these are not comparable with other schemes. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).









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Fund Details

  • Inception Date8 Oct 1995
  • Fund ManagerMr. Rupesh Patel | Mr. Sanjay Doshi
Current Investment Philosophy
    • The Fund endeavors to invest in mid cap companies that have the potential to substantially increase their profitability and have consistent track record.
    • The fund focuses on identifying potential market leaders at an early stage with a view to create long term alpha.
    • The fund attempts to identify growth stocks that are available at reasonable valuation, thus adopting a Growth at Reasonable Price (GARP) style for investing.
Minimum Investment
100.00

    and in multiples of Re. 1 thereafter

Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.

Nil, thereafter

Exit load levied on the Units redeemed will be the rate prevailing at the time of the allotment of the Units. For Special products registrations, load for each transaction is based on the load structure applicable as on the registration date.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity and equity related instruments through a research based approach.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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