Nippon India Equity Savings Fund- Growth Plan- Growth Option

Nippon India Equity Savings Fund- Growth Plan- Growth Option is a scheme launched by Nippon Mutual Fund on May 30, 2015, and falls under the Equity Savings fund category. It currently manages an AUM of Rs 775.75 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 1.78% for managing the portfolio.

• Investing Strategy:

  The primary investment objective of this fund is to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments along with investments in debt securities & money market instruments.

• Performance:

  Nippon India Equity Savings Fund- Growth Plan- Growth Option trailing returns over different times are 3.24% (1 year), 8.66% (3 year) and 9.47% (5 year). The average annual return of this fund stands at 3.98%.