About Nippon India ETF Nifty Midcap 150 – Growth
1Jaipur Stock. Nippon India ETF Nifty Midcap 150 is Open-ended Mid Cap Equity scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Jan 31, 2019.
Investment objective & Benchmark
1. The investment objective of the fund is that ” The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap150 Index before expenses, subject to tracking errors. “
2. It is benchmarked against NIFTY Midcap 150 Total Return Index.Mumbai Investment
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.9% in equities, 0.00183772% in debts and 0.1% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 16.79% of the assets, the top 3 sectors constitute around 37.78% of the assets.
3. The fund largely follows a Blend 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 ETF Nifty Midcap 150 – Growth
1New Delhi Stock Exchange. 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.
3Nagpur Investment. 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.
Jaipur Stock
