Mid-Cap Fund Nippon India Growth Fund invests predominantly in Mid-Cap stocks. For long term capital growth, Nippon India Growth Fund invests in high growth companies that have the potential to become large cap. The fund is rated 3-Star by Morningstar and 4-Star by Value Research. The fund was launched on October 08, 1995 and hence the fund has successfully completed 27 years since its inception. The fund has given a CAGR of 22.29% since inception, let us now see how the fund has changed Monthly SIP in 10,000 13 crores over a period of 27 years.
Performance of Nippon India Growth Fund (Data As on October 31, 2022)
your total investment 1.20 lakh would have increased now Thanks for the monthly SIP of 1.27 Lakh 10,000 considering the fund’s performance of 11.89% over the last year. The fund has given annualized SIP returns of 27.53% in last three years; Hence, a monthly SIP 10,000 will increase your total investment by 3.60 Lakh onwards 5.31 lakhs. Due to the annualized SIP returns of the fund over the last five years of 21.10%, the monthly SIP 10,000 now your total investment would have gone up from 6 lakhs 10.08 lakhs.
Since the fund has given a return of 17.37% in last ten years, the monthly SIP 10,000 would have now boosted your total investment from 12 lakhs 29.77 lakhs. your entire investment Must have been 18 lakhs now 65.35 lakh thanks to a monthly SIP of Rs. 10,000 considering the fund’s annualized SIP returns of 15.71% over the last 15 years. Since the fund has provided annualized SIP returns of 18.99% over the last 20 years, a 10,000 monthly SIP will now accelerate your entire investment from 24 lakhs 2.17 crores.
Since the fund has given 22.12% returns in last 25 years, the monthly SIP 10,000 will now multiply your original investment from 30 lakhs 8.87 crores. your entire investment 32.40 lakh would have been 13.67 crore if you did monthly SIP 10,000 since the inception of the fund, which has generated an annualized return of 22.29%.
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Nippon India Growth Fund Key Highlights
The fund is managed by Manish Gunwani, Dhrumil Shah (Co-Fund Managers) and Tejas Sheth (Co-Fund Managers). The fund is benchmarked against Nifty Midcap 150 TRI Index. Nippon India Growth Fund Reported Monthly Average AUM, as on October 31, 2022 13,335.45 Crore and Net AUM 13,510.02 Cr, while the NAV was 2,167 more for development plan 2,323 for the Direct plan. The fund also reported a standard deviation of 7.13, a beta ratio of 0.91, and a Sharpe ratio of 0.23.
The fund charges an expense ratio of 1.76 for Direct Plan and 1.01 for Regular Plan. The Fund’s top 10 industry allocations include finance, pharmaceuticals & biotechnology, banks, IT – software, beverages, consumer durables, retailing, chemicals & petrochemicals, leisure services and industrial products. Top 10 equity holdings of the fund are in Varun Beverages, AU Small Finance Bank, Cholamandalam Financial Holdings, Aditya Birla Fashion & Retail, Max Financial Services, Infosys, The Federal Bank, Devyani International, Angel One and Supreme Industries Limited.
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