Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus

Hybrid
Direct
Retirement
Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus

About the Fund

Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus is a hybrid fund. This fund was started on 11 February, 2015. The fund is managed by Sanjay Doshi, Kinjal Desai, Pranay Sinha. This fund gives you the benefit of diversification.

Key Parameters

  1. Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus has ₹3102 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 1.

Returns

Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus has given a CAGR return of 12.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 44.33%, 21.77% and 16.34% respectively.

Holdings

Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Energy, Basic Materials, Health, Consumer Defensive, Utilities, Communication, Real Estate.

Taxation

As it is a retirement mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus

The investment objective of the scheme is to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. There is a lock in period for Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus of 5 Years

Fund Performance

Fund Overview

Expense ratio
Expense ratio
0.96%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹3102 Cr
Inception Date
Inception Date
11 February, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0%
Lock In
Lock In
5 Years
TurnOver
TurnOver
59.05%

Fund Distribution
as on (31-May-24)

  • Equity 98.4%

  • Debt & Cash 1.6%

Large cap
58.1%

Mid cap
21.5%

Small cap
18.8%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
30.6%
Consumer Cyclical
14.3%
Industrial
14.1%
Tech
12.6%
Energy
6.6%
Basic Materials
5.6%
Health
3.9%
Consumer Defensive
3.8%
Utilities
3.5%
Communication
3.2%
Real Estate
1.9%
All changes are between Oct'69 and Dec'69

Sanjay Doshi
Sanjay Doshi
Fund Manager of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus, since 1 July 2020
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus, since 25 May 2018
Pranay Sinha
Pranay Sinha
Fund Manager of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus, since 31 March 2021

Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 12.76% since inception which is more than its category average return of 12.07%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.38% in Equity, 0% in Debt and 1.62% in Cash related instruments
AUM size ₹3102 Cr

AUM size ₹3102 Cr

This fund has AUM of ₹3102 Cr which is more than its category average of ₹ 725 Cr
Expense Ratio 0.96%

Expense Ratio 0.96%

This fund has an expense ratio of 0.96% which is less than its category average expense ratio of 1.52%

Frequently Asked Questions

The current NAV of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus is ₹30.7 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus
Absolute Returns
CAGR Returns
1 Month Returns
8.21%
8.21%
6 Month Returns
18.87%
18.87%
1 Year Returns
44.33%
44.33%
3 Years Returns
80.55%
21.77%
5 Years Returns
113.16%
16.34%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.96% as on May 2024
₹3102 Cr as on May 2024
ICICI Bank Ltd(7.23%), Reliance Industries Ltd(6.46%), HDFC Bank Ltd(6.17%), Larsen & Toubro Ltd(3.84%), Axis Bank Ltd(3.6%) as on May 2024
Financial Services(30.06%), Consumer Cyclical(14.04%), Industrial(13.91%) as on May 2024
Sanjay Doshi, Kinjal Desai, Pranay Sinha are the fund managers of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus
The Exit load of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Bonus is 0%