Hybrid
Direct
Retirement
NAV as on 06-12-2024
₹ 33.44
▲0.8%
1D
Inception Returns
13.1%
/yr
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth is a hybrid fund. This fund was started on 11 February, 2015. The fund is managed by Ashutosh Bhargava, Kinjal Desai, Pranay Sinha. This fund gives you the benefit of diversification.
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth has given a CAGR return of 13.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 32.07%, 20.14% and 18.82% respectively.
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Cyclical, Energy, Communication, Health, Basic Materials, Utilities, Consumer Defensive, Real Estate.
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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
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 for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Nippon India Retirement Fund Wealth Creation Scheme Direct Growth of 5 Years
Expense ratio | 0.98% |
Benchmark | S&P BSE 500 India TR INR |
AUM | ₹3336 Cr |
Inception Date | 11 February, 2015 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 5 Years |
TurnOver | 32.92% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Industrial & Tech
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.28% | 4.28% |
6 Month Returns | 15.87% | 15.87% |
1 Year Returns | 32.07% | 32.07% |
3 Years Returns | 73.41% | 20.14% |
5 Years Returns | 136.85% | 18.82% |