Nippon India Retirement Fund Wealth Creation Scheme Direct Growth

Hybrid
Direct
Retirement
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth

About the Fund

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 Pranay Sinha, Sanjay Doshi, Kinjal Desai. This fund gives you the benefit of diversification.

Key Parameters

  1. Nippon India Retirement Fund Wealth Creation Scheme Direct Growth has ₹3325 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.9.

Returns

Nippon India Retirement Fund Wealth Creation Scheme Direct Growth has given a CAGR return of 13.19% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 42.25%, 22.67% and 18.34% respectively.

Holdings

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

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 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

Fund Performance
zero opening, trading, fund transfer fee
380 people have invested ₹ 46L in Nippon India Retirement Fund Wealth Creation Scheme Direct Growth in the last three months

Fund Overview

Expense ratio0.94%
Benchmark
S&P BSE 500 India TR INR
AUM₹3325 Cr
Inception Date11 February, 2015
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In5 Years
TurnOver
59.05%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.8%

  • Debt & Cash 1.2%

Large cap
57.3%

Mid cap
21.3%

Small cap
20.3%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
30.8%
Industrial
14.1%
Tech
13.3%
Consumer Cyclical
12.2%
Energy
6.7%
Basic Materials
5.1%
Health
4.7%
Communication
4%
Consumer Defensive
3.8%
Utilities
3.5%
Real Estate
1.8%
All changes are between Oct'69 and Dec'69

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

Mutual Fund Insights

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In the last 3 years, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 30.16% return, outperforming this fund by 7.5% per annum.
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In the last 1 year, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 50.4% return, outperforming this fund by 8.14%.
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In the last 5 years, HDFC Retirement Savings Fund - Equity Plan - Direct Plan has given 26.06% return, outperforming this fund by 7.72% per annum.
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This fund has one of the lowest expense ratio in the category (retirement). Its expense ratio is 0.94% which is lower than the category average expense ratio of 1.38%.
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Over the last 6 months, this fund has experienced a 14.7% growth in AUM moving from 2.89K Cr to 3.32K Cr.
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Over the last 3 months, this fund has decreased expense ratio by 9.6% moving from 1.04 to 0.94.

Nippon India Retirement Fund Wealth Creation Scheme Direct Growth 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 13.19% since inception which is more than its category average return of 12.48%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.84% in Equity, 0% in Debt and 1.16% in Cash related instruments
AUM size ₹3325 Cr

AUM size ₹3325 Cr

This fund has AUM of ₹3325 Cr which is more than its category average of ₹ 771 Cr
Expense Ratio 0.94%

Expense Ratio 0.94%

This fund has an expense ratio of 0.94% which is less than its category average expense ratio of 1.51%

Frequently Asked Questions

The current NAV of Nippon India Retirement Fund Wealth Creation Scheme Direct Growth is ₹32.21 as on 22-Jul-2024.
Existing (Absolute + CAGR) as on 22-Jul-2024.
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.32%
4.32%
6 Month Returns
21.43%
21.43%
1 Year Returns
42.25%
42.25%
3 Years Returns
84.57%
22.67%
5 Years Returns
132.1%
18.34%
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  • Select your bank account and proceed with Payment.
0.94% as on June 2024
₹3325 Cr as on June 2024
ICICI Bank Ltd(7.22%), HDFC Bank Ltd(6.58%), Reliance Industries Ltd(6.12%), Tata Consultancy Services Ltd(4.03%), Axis Bank Ltd(3.66%) as on June 2024
Financial Services(30.41%), Industrial(13.89%), Tech(13.11%) as on June 2024
Pranay Sinha, Sanjay Doshi, Kinjal Desai are the fund managers of Nippon India Retirement Fund Wealth Creation Scheme Direct Growth
The Exit load of Nippon India Retirement Fund Wealth Creation Scheme Direct Growth is 0%