Mid-cap fund Nippon India Growth Fund primarily invests in mid-cap stocks. In order to build long-term capital appreciation, the Nippon India Growth Fund invests in high-growth companies that have the potential to become large caps. The fund has been rated 3-star by Morningstar and 4-star by Value Research. The fund was launched on October 08, 1995 and hence the fund has successfully completed its 27 years of inception. Since inception the fund has given a CAGR of 22.29%, let's check now how the fund has turned a monthly SIP of ₹10,000 into ₹13 Cr in a span of 27 years.
Your total investment of ₹1.20 lakh would now have grown to ₹1.27 lakh thanks to a monthly SIP of ₹10,000 considering the fund's performance of 11.89% over the last year. The fund has produced an annualised SIP return of 27.53% over the past three years; hence, a monthly SIP of ₹10,000 would have enhanced your total investment of ₹3.60 lakh to ₹5.31 lakh. Due to the fund's annualised SIP return over the previous five years of 21.10%, a monthly SIP of ₹10,000 would have now grown your total investment of ₹6 lakh to ₹10.08 lakh.
Since the fund has returned 17.37% over the past ten years, a monthly SIP of ₹10,000 would now have boosted your total investment of ₹12 lakh to ₹29.77 lakh. Your entire investment of ₹18 lakh would now have grown to ₹65.35 lakh thanks to a monthly SIP of ₹10,000 considering the fund's annualised SIP return over the past 15 years of 15.71%. Since the fund has provided an annualised SIP return of 18.99% over the past 20 years, a ₹10,000 monthly SIP would now have accelerated your entire investment of ₹24 lakh to ₹2.17 Cr.
Since the fund has returned 22.12% over the past 25 years, a monthly SIP of ₹10,000 would now have multiplied your actual investment of ₹30 lakh to ₹8.87 Cr. Your entire investment of ₹32.40 lakh would have grown to ₹13.67 crore if you had made a monthly SIP of ₹10,000 since the fund's commencement, which has an annualised return of 22.29%.
The fund is managed by Manish Gunwani, Dhrumil Shah (Co-Fund Manager) and Tejas Sheth (Co-Fund Manager). The fund is benchmarked against NIFTY Midcap 150 TRI index. As on October 31, 2022, Nippon India Growth Fund reported a monthly average AUM of ₹13,335.45 Cr and a net AUM of ₹13,510.02 Cr, whereas the NAV was ₹2,167 for the growth plan and ₹2,323 for the direct plan. The fund also reported a Standard Deviation of 7.13, Beta ratio of 0.91 and a Sharpe ratio of 0.23.
For the regular plan, the fund imposes an expense ratio of 1.76 and 1.01 for the direct plan. The top 10 industry allocations of the fund comprises Finance, Pharmaceuticals & Biotechnology, Banks, IT - Software, Beverages, Consumer Durables, Retailing, Chemicals & Petrochemicals, Leisure Services and Industrial Products. The fund’s top 10 equity holdings are in Varun Beverages, AU Small Finance Bank, Cholamandalam Financial Holdings, Aditya Birla Fashion and Retail, Max Financial Services, Infosys, The Federal Bank, Devyani International, Angel One and Supreme Industries Ltd.
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