Nippon India Index Fund - Nifty 50 Plan - Growth

• Alpha -1.25%
• Beta 0.99
• Sharpe Ratio0.62
• Std Deviation 11.25%
• Tracking Error 0.29%

The primary investment objective of the scheme is to replicate the composition of the Nifty 50, with a view to generate returns that are commensurate with the performance of the Nifty 50, subject to tracking errors.

The Nippon India Index Fund - Nifty 50 Plan - Growth has an AUM of 3061.39 crores & has delivered CAGR of 12.50% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.41%. The minimum investment in Nippon India Index Fund - Nifty 50 Plan - Growth is Rs 100 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are Moderate & High respectively.

The top holdings of the fund include HDFC Bank, Reliance Industries, ICICI Bank & Bharti Airtel.

The major sectors where the fund is invested are Regional Banks, Software & Programming, Oil & Gas Operations & Auto & Truck Manufacturers.

Some of the similar funds are Motilal Oswal Nifty Midcap 150 Index Fund Regular Growth, Motilal Oswal Nifty 500 Fund Regular Growth, Nippon India Index Fund - Nifty 50 Plan - Growth, Navi Nifty 50 Index Fund Regular Growth, Motilal Oswal Nifty India Defence Index Fund Regular Growth. Nippon India Index Fund - Nifty 50 Plan - Growth has a sharpe ratio of 0.62 & a standard deviation of 11.25%.