Expense ratio, exit load and tax
Expense ratio: 1.34%
Inclusive of GST
Exit load
For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Fund management
Education
Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.
Experience
Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.
Managed Schemes
Nippon India Vision Direct Growth
Nippon India Consumption Fund Direct Growth
Nippon India Balanced Advantage Fund Direct Growth
HDFC Fixed Maturity Plan 1175 Days January 2014 (1) Direct Growth
HDFC Fixed Maturity Plan 1183 Days January 2016 (1) Direct Growth
HDFC Fixed Maturity Plan 1176 Days January 2016 (1) Direct Growth
HDFC Dual Advantage Fund Series II 1160D January 2016 Direct Growth
HDFC Fixed Maturity Plan 1155 Days February 2016 (1) Direct Growth
HDFC Fixed Maturity Plan 1140 Days March 2016 (1) Direct Growth
HDFC Fixed Maturity Plan 1107 Days March 2016 (1) Direct Growth
HDFC Dual Advantage Fund Series II 1111D April 2016 Direct Growth
HDFC Fixed Maturity Plan 1153 Days April 2016 (1) Direct Growth
HDFC Fixed Maturity Plan 1127 Days May 2016 (1) Direct Growth
HDFC Fixed Maturity Plan 1113 Days March 2019 (1) Direct Growth
HDFC Fixed Maturity Plan 1127 Days April 2019 (1) Direct Growth
Education
Mr. Agarwal has done C.A. & CFA
Experience
Prior to joining Nippon Mutual Fund he has worked with HDFC Securities Limited, Alchemy Capital Management Private Limited, B & K Securities.