About Nippon India ETF Nifty Dividend Opportunities 50 -IDCW
1Jaipur Wealth Management. Nippon India ETF Nifty Dividend Opportunities 50 is Open-ended Thematic Equity scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Apr 15, 2014.
Investment objective & Benchmark
1Kanpur Investment. The investment objective of the fund is that ” The scheme seeks to provide investment returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty Dividend Opportunities 50 Index, subject to tracking errors. “
2. It is benchmarked against NIFTY Dividend Opportunities 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.95% in equities, 0.00108641% in debts and 0.05% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 59.92% of the assets, the top 3 sectors constitute around 64.01% of the assets.
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 ETF Nifty Dividend Opportunities 50 -IDCW
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.Kolkata Wealth Management
3. Gains of more than RsHyderabad Wealth Management. 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.
Lucknow Investment
