Nippon India Index Fund - Nifty 50 Plan - Growth

• Alpha -1.25%
• Beta 0.99
• Sharpe Ratio0.32
• Std Deviation 13.10%
• 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 2008.59 crores & has delivered CAGR of 22.41% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.42%. 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 Medium & Exceptional respectively.

The top holdings of the fund include Hdfc Bank, Icici Bank, Reliance Industries & Infosys.

The major sectors where the fund is invested are Regional Banks, Software & Programming, Oil & Gas Operations & Communications Services.

Some of the similar funds are DSP Nifty 50 Equal Weight Index Fund Growth, UTI Nifty Next 50 Index 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 0.32 & a standard deviation of 13.10%.