3 Year return

7.11%
Launched on June 2018 (6 years)

Investment Details

₹100

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

Moderate Risk

Your principal will be at

Moderate Risk

Scheme Information

Asset Under Management

₹9114.67 Cr.

Expense Ratio

0.3% (inclusive of GST)

Exit Load

1.00% - If redeemed or switched out on or before completion of 1 months from the date of allotment of units Nil - If redeemed or switched out after completion 1 months from the date of allotment of units.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Tax on gains as per your income tax bracket

Fund Holdings

Holdings

Nippon India Mutual Fund Managers

PS

Pranay Sinha

Fund Manager since Jun 2018

View Details

Fund House Details

Nippon India Mutual Fund

Nippon India Mutual Fund Asset management company

AUM ₹552,409.22 Cr.
No. of Schemes 311
Setup Date June 1995

Peer Comparison

Comparison with other similar funds

Schemes by Nippon India Mutual Fund

List of mutual fund schemes by AMC

About Nippon India Nivesh Lakshya Fund Direct Plan-Growth

Nippon India Nivesh Lakshya Fund Direct Plan Growth is a debt fund managed by Nippon India Mutual Fund. It is an open-ended fund, which means that you can buy and sell units of the fund at any time. The expense ratio of Nippon India Nivesh Lakshya Fund Direct Plan is lower than the category average, which indicates that the fund charges lower fees, which can help to improve your returns.

Investment Objectives of the Scheme

The investment objective of Nippon India Nivesh Lakshya Fund Direct Plan Growth is to generate income by investing in a diversified portfolio of fixed-income securities with a Macaulay duration of more than 7 years.

Key Features of The Fund

5-year return 7.24%
Expense Ratio 0.3%
Fund Manager Pranay Sinha
Fund Size ₹9114.67 Cr
Risk Profile Moderate

Is This Scheme Right for Me?

Nippon India Nivesh Lakshya Fund Direct Plan Growth is suitable for investors who want to invest for the long term and are looking for a relatively stable income. The fund's investment in long-term debt securities makes it less volatile than equity funds, but it also means that the fund's returns are likely to be lower. Overall, Nippon India Nivesh Lakshya Fund Direct Plan Growth is a good investment option for investors who want to invest for the long term and are looking for a relatively stable income. However, it is important to remember that all investments carry some risk, and you should do your own research before investing.

AMC Contact Details

Name Nippon India Mutual Fund
Launch Date June 1995
Addresss Nippon Life India Asset Management Limited, 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400 013
Contact 1860 266 0111
Email customercare@nipponindiaim.in
Website https://mf.nipponindiaim.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Choose the SIP Amount That Suits You the Best

Not sure how much to invest with your SIP? Don't sweat it! Angel One's SIP calculator is here to help. Just enter your goals and timeframe, and we'll show you a range of possible investment amounts that could get you there. No more guesswork - find the perfect SIP amount that fits your budget and puts you on the path to financial success. Get started with your SIP calculator today and watch your dreams take flight!

FAQs

What is today's NAV of Nippon India Nivesh Lakshya Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Nippon India Nivesh Lakshya Fund Dec 23 2024 is 17.552

What is the AUM of Nippon India Nivesh Lakshya Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Nippon India Nivesh Lakshya Fund is 9114.67 crore.

What is the expense ratio of Nippon India Nivesh Lakshya Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Nippon India Nivesh Lakshya Fund is 0.3%

What are the returns of Nippon India Nivesh Lakshya Fund since inception?

The Nippon India Nivesh Lakshya Fund was launched on Jun 18 2018. The fund has delivered a CAGR of 9.08 since inception.

What is the minimum SIP amount to invest in Nippon India Nivesh Lakshya Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Nippon India Nivesh Lakshya Fund is 100.

How do I invest in Nippon India Nivesh Lakshya Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Nippon India Nivesh Lakshya Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Nippon India Nivesh Lakshya Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Nippon India Nivesh Lakshya Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.