About Nippon India Equity Hybrid Fund Direct-Dividend Monthly
Nippon India Equity Hybrid Fund Direct-Dividend Monthly is a Balanced
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 08 Aug 2016 and is currently managed by its fund managers Sanjay Parekh
and Amit Tripathi
. It has an AUM of ₹9,278.38 Crores and the latest NAV decalared is ₹10.806 as on 15 Nov 2019 at 9:30 pm.
Nippon India Equity Hybrid Fund Direct-Dividend Monthly scheme return performance in last 1 year is 3.62%, in last 3 years is 27.14% and 26.89% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
The scheme aims to generate consistent returns by investing a major portion in equity and a small portion in debt and money market instruments. It will invest upto 50 per cent of its assets in equities and equity related securities and atleast 25 per cent of its assets in debt and money market instruments with an average maturity of 1 to 7 years.