NIPPON INDIA INCOME FUND REVIEW
It is a debt mutual fund scheme that was launched by Reliance mutual fund. Later on, it was introduced on 1st Jan 1998 to its investors. Currently, the fund is managed by Prashant R. Pimple. Talking about AUM, it is of INR 296 Cr, and, the latest NAV is of INR 68.33 (dated as of 23rd April 2020). The fund growth is rated as moderate risk. Also, the minimum SIP investment is INR 1000, and, lumpsum investment is INR 5000.
Pros of the fund
- Age is more than the tenure of 10 years
- 1-year returns are higher as compared to the benchmark
- 3-year returns are higher than the benchmark
- 5-year returns are higher as compared than the benchmark
The aim is to generate optimal returns with moderate risk level by investing in money and debt market instruments.
Returns are taxed as per Income Tax Slab, only if sold before 3 years.
|Reliance Industries Ltd.||Energy||NCD||9.0%|
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