Time Period Returns (%) 5 Years 26.53% 7 Years 20.04% 10 Years 19.5%The Nippon India Growth Fund has transformed a monthly SIP (Systematic Investment Plan) of ₹10,000 into over ₹20 crore in 28 years.
This marks an annualised return of 23.39%, according to Value Research.The Nippon India Growth Fund, now 28 years and 7 months old, has delivered a return of 22.81% returns since its inception.Its performance across various time frames is noteworthy:(Source: Value Research)As of May 22, 2024, the fund's NAV (Net Asset Value) stands at ₹3,595, and as of April 30, 2024, its AUM (Assets Under Management) is ₹26,822 crore.The fund’s portfolio includes top holdings such as Power Finance Corporation (3.46%), Cholamandalam Investment and Finance Company (2.46%), Voltas Ltd (2.41%), Supreme Industries Ltd (2.27%), and Varun Beverages Ltd (2.21%).The mutual fund aims for long-term capital growth through a research-based investment approach, primarily focusing on equity and equity-related instruments, with additional exposure to debt and money market instruments.The expense ratio is 1.63%.However, potential investors should heed the warning: mid-cap funds like Nippon India Growth Fund are not suitable for those needing to redeem their investments in less than seven years due to the higher volatility and risk associated with mid-cap stocks, as per Value Research.The Nippon India Growth Fund’s stellar performance over the past year highlights its potential for high returns.However, as with any investment, particularly in the mid-cap sector, it's crucial for investors to align their investment horizon and risk tolerance with the fund's profile.
Time Period Returns (%) 5 Years 26.53% 7 Years 20.04% 10 Years 19.5%
The Nippon India Growth Fund has transformed a monthly SIP (Systematic Investment Plan) of ₹10,000 into over ₹20 crore in 28 years. This marks an annualised return of 23.39%, according to Value Research.The Nippon India Growth Fund, now 28 years and 7 months old, has delivered a return of 22.81% returns since its inception.Its performance across various time frames is noteworthy:(Source: Value Research)As of May 22, 2024, the fund's NAV (Net Asset Value) stands at ₹3,595, and as of April 30, 2024, its AUM (Assets Under Management) is ₹26,822 crore.The fund’s portfolio includes top holdings such as Power Finance Corporation (3.46%), Cholamandalam Investment and Finance Company (2.46%), Voltas Ltd (2.41%), Supreme Industries Ltd (2.27%), and Varun Beverages Ltd (2.21%).The mutual fund aims for long-term capital growth through a research-based investment approach, primarily focusing on equity and equity-related instruments, with additional exposure to debt and money market instruments.The expense ratio is 1.63%.However, potential investors should heed the warning: mid-cap funds like Nippon India Growth Fund are not suitable for those needing to redeem their investments in less than seven years due to the higher volatility and risk associated with mid-cap stocks, as per Value Research.The Nippon India Growth Fund’s stellar performance over the past year highlights its potential for high returns.However, as with any investment, particularly in the mid-cap sector, it's crucial for investors to align their investment horizon and risk tolerance with the fund's profile.
