Nippon India Medium Duration Fund - Growth Option

Nippon India Medium Duration Fund - Growth Option is a scheme launched by Nippon Mutual Fund on June 26, 2014, and falls under the Medium Duration fund category. It currently manages an AUM of Rs 110.2 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 5000. It charges an expense ratio of 1.1% for managing the portfolio.

• Investing Strategy:

  To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

• Performance:

  Nippon India Medium Duration Fund - Growth Option trailing returns over different times are 10.15% (1 year), 8.22% (3 year) and 8.56% (5 year). The average annual return of this fund stands at 7.78%.