Nippon India Index Fund – Sensex Plan – Direct Plan – Growth

This index fund is a large cap equity mutual fund launched on September 28, 2010 by Nippon India Mutual Funds. It is a medium-sized open-ended fund in its category. The fund has a value of Rs 274.98 crore in assets under management. The fund has a net asset value (NAV) of Rs 27.4603 declared on 13 May 2022. Its expense ratio is low compared to the average for its category and stands at 0.15%.

This is a moderately high risk investment fund. It was rated 2 stars by CRISIL, but its performance is below the average for peer funds. The primary investment objective of the scheme is to replicate the composition of the Sensex, in order to generate returns commensurate with the performance of the Sensex, subject to tracking error.

You can start investing in the fund via lump sum as well as SIP. The minimum lump sum required is Rs 5,000 and for additional investment it is Rs 1,000 whereas for SIP it is Rs 100. The fund has no lock-up period. However, it charges 0.25% on redemption within 7 days of investment. S&P BSE Sensex is the fund’s benchmark

Absolute and annualized returns

Absolute and annualized returns

Flat-rate returns on investment

Since inception, it has generated average annual returns of 11.81%.

Mandate Absolute returns Annualized returns
1 year 9.48% 9.46%
2 years 67.44% 29.40%
3 years 46.16% 13.47%
5 years 82.92% 12.82%
Since the creation 184.34% 11.81%

SIP Returns

Mandate Absolute returns Annualized returns
1 year -6.03% -11.00%
2 years 11.40% 10.77%
3 years 21.71% 13.19%
5 years 36.40% 12.37%
Wallet

Wallet

The fund is 99.93% invested in equities, of which 90.53% is in large cap stocks. The fund invests the majority of its money in the financials, technology, energy, consumer staples and materials sectors. It has less exposure to the financial and technology sectors than other funds in the category. The fund’s main holdings are Reliance Industries Ltd., HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd. and Housing Development Finance Corp. ltd.

Warning

Warning

Investments in mutual funds are subject to market risk. Read all program documents and terms and conditions carefully before investing. The information mentioned above is purely informative and does not guarantee any return. Greynium Information Technology and the author are not responsible for any losses caused as a result of any decision based on the article.