About Nippon India Income Fund Direct-Dividend Monthly Reinvestment
Nippon India Income Fund Direct-Dividend Monthly Reinvestment is a Debt
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Prashant R Pimple
. It has an AUM of ₹264.43 Crores and the latest NAV decalared is ₹11.211 as on 22 Oct 2019 at 10:15 pm.
Nippon India Income Fund Direct-Dividend Monthly Reinvestment scheme return performance in last 1 year is 15.36%, in last 3 years is 24.75% and 76.82% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
The scheme aims to generate capital appreciation of the portfolio and optimal returns consistent with moderate risk. The scheme will predominantly invest in debt instruments, while money market investment can also go up to 50 per cent.