About Nippon India Small Cap Fund - Growth
1. Nippon India Small Cap Fund is Open-ended Small Cap Equity scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Sep 16, 2010.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies. "Bangalore Stock Exchange
2. It is benchmarked against NIFTY Smallcap 250 Total Return Index.
Asset Allocation & Portfolio Composition
1Kanpur Stock. The asset allocation of the fund comprises around 95.94005573% in equities, 0.02% in debts and 4.04% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 14.17% of the assets, the top 3 sectors constitute around 40.269999999999996% of the assets.Kanpur Wealth Management
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Nippon India Small Cap Fund - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
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