Mutual Funds to buy in April: Nippon India Large Cap Fund, SBI Contra Fund – IIFL recommendations

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New Delhi: IIFL Securities has recommended two Mutual Funds to buy in April 2024. The brokerage firm has suggested investors to pump in their money into Nippon India Large Cap Fund and SBI Contra Fund. Backing the two Mutual Funds schemes, IIFL Securities said, “We have a proprietary mutual fund model. Back testing of this model has found that 72 per cent of the schemes identified by this model outperformed the benchmarks.”

Nippon India Large Cap Fund

As the name suggests, Nippon India Large Cap Fund is a large-cap fund. The money is invested in stocks of the top 100 companies by full market capitalisation. NAV as on 31st March, 2024 stands at 78.1859. Minimum investment amount is Rs 100 and in multiples of Re 1 thereafter. Sailesh Raj Bhan and Ashutosh Bhargava are the fund managers. The MF is meant for investors who are seeking long term capital growth and investment predominantly into equity and equity related instruments of large cap companies.

Some of the stocks in the portfolio of Nippon India Large Cap Fund: HDFC Bank Ltd, ICICI Bank Ltd., Reliance Industries Ltd, ITC, Larsen & Toubro Ltd, Axis Bank Ltd, tata Power, Bajaj Finance Ltd.

Performance of Nippon India Large Cap Fund as on February 29, 2024. The data was shared by Nippon India Mutual Fund.

Particulars
1 Year CAGR %
3 Year CAGR %
5 Year CAGR %
Since Inception%

Nippon India Large Cap Fund
42.06
22.86
18.59
13.04

B:S&P BSE 100 TRI
32.42
17.42
17.37
11.7

AB:S&P BSE Sensex TRI
24.51
15.21
16.48
11.31

SBI Contra Fund

SBI Contra Fund – Regular Plan – Growth: NAV stands at 334.936 as on 31st March, 2024. The SBI Contra Fund has investment of 35.65 per cent in Large Cap stocks, 18.91 per cent is in Mid Cap stocks, 8.51 per cent in Small Cap stocks.
The Minimum SIP amount is Rs 500 and in multiples of Re 1 thereafter. The minimum lumpsum is Rs 5,000 and in multiples of 1 thereafter. Dinesh Balachandran is the fund manager.

This product is suitable for investors who are seeking long term capital appreciation Investments in a diversified portfolio of equity and equity related securities following a contrarian investment strategy.

SBI Contra Fund stocks portfolio: State Bank Of India, GAIL, HDFC bank, Cognizant Technology Solutions Corp., ICICI Bank, Axis Bank, Whirlpool Of India Ltd., Petronet LPG Ltd, Tata Steel, Biocon and more.

SBI Contra Fund, Nippon India Large Cap Fund returns

Scheme
Benchmark
Out Performance

Scheme Name
11 months absolute returns %
11 months absolute returns %

Nippon India Large Cap Fund
39.61%
29.74%
9.87%

SBI Contra Fund
42.04%
34.96%
7.07%

(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)

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