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Nippon India Growth Fund (Formerly Reliance Growth Fund)

Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks

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This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity and equity related instruments through a research based approach.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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  • Investment Objective:
    The primary investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Fund PerformanceGrowth Plan Growth Option

  • Latest NAV (21 Nov 2019)1113.5381


NAV as on Oct 31, 2019: `1105.4819

Performance of Nippon India Growth Fund as on 31/10/2019
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Growth Fund - Growth 9.00 6.04 8.39 21.58
B: S&P BSE MidCap TRI 2.73 4.59 9.81 N.A.
AB: S&P BSE Sensex TRI 17.97 14.18 8.99 12.28
Value of `10000 Invested
Nippon India Growth Fund - Growth 10,900 11,929 14,962 11,05,489
B: S&P BSE MidCap TRI 10,273 11,445 15,970 N.A.
AB: S&P BSE Sensex TRI 11,797 14,903 15,380 1,62,797
Inception Date : Oct 8, 1995
B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager:Manish Gunwani (Since Sep 2017), (Dhrumil Shah - Co-Fund Manager Since Feb 2019), Tejas Sheth (Co-Fund Manager wef. 20 May 2019)
As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from date 06-Oct-1995 to date 19-Aug-1996 and TRI values since date 19-Aug-1996.
NA stands for schemes in existence for more than 1 year but less than 3 years or 5 years or instances where benchmark data for corresponding period is not available.

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Manish Gunwani

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Balanced Advantage Fund 9.1413.808.3210.107.969.47

Note:

a. Mr.Manish Gunwani manages 2 open-ended schemes of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Manish Gunwani has been managing Nippon India Growth Fund since Sep 2017, Nippon India Balanced Advantage Fund since May 2018

Note:

a. Mr. Dhrumil Shah manages 1 open-ended scheme of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Dhrumil Shah (Co-Fund Manager) has been managing Nippon India Growth Fund since Feb 2019

Note:

a. Mr. Tejas Sheth manages 1 open-ended scheme of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Tejas Sheth (Co-Fund Manager) has been managing Nippon India Growth Fund since May 2019

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Performance of the schemes (wherever provided) are calculated basis CAGR for the past 1 year, 3 years, 5 years and since inception. Further (wherever applicable), Returns for 7 days, 15 days and 30 days are computed on a simple annualized basis. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Nippon India Low Duration Fund is `1000/- per unit. Face Value of Nippon India Money Market Fund, Nippon India Liquid Fund, Nippon India Ultra Short Duration Fund is 1000/- per unit w.e.f 5th Aug 2012. Face value of Nippon India ETF Junior BeES is 1.25 per unit. Face value of Nippon India ETF Gold BeES is 100 per unit. Face value of Nippon India Overnight Fund is 100 per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).










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Fund Details

  • Inception Date8 Oct 1995
  • Fund ManagerMr. Tejas Sheth | Mr. Dhrumil Shah | Mr. Manish Gunwani
Current Investment Philosophy
    • The Fund endeavors to invest in mid cap companies that have the potential to substantially increase their profitability and have consistent track record.
    • The fund focuses on identifying potential market leaders at an early stage with a view to create long term alpha.
    • The fund attempts to identify growth stocks that are available at reasonable valuation, thus adopting a Growth at Reasonable Price (GARP) style for investing.
Minimum Investment
100.00

    and in multiples of Re. 1 thereafter wef. 29/08/2019

Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity and equity related instruments through a research based approach.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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Details as on Oct 31 , 2019

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