Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth

Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth

Compare
Hybrid
Direct
Retirement
NAV: ₹ 27.83 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
350 people have invested ₹ 15.2L in Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth in the last three months

Mutual Fund Insights

Insights icon
In the last 5 years, HDFC Retirement Savings Fund - Equity Plan - Direct Plan has given 23.94% return, outperforming this fund by 7.57% per annum.
Insights icon
In the last 3 years, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 29.28% return, outperforming this fund by 7.52% per annum.
Insights icon
In the last 1 year, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 58.31% return, outperforming this fund by 13.24%.
Insights icon
Over the last 15 months, this fund has decreased expense ratio by 21.3% moving from 1.27 to 1.00.
Insights icon
This fund has one of the lowest expense ratio in the category (retirement). Its expense ratio is 1% which is lower than the category average expense ratio of 1.42%.

About the Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth

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 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 Growth has ₹2917 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 1.

Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth Overview

Expense ratio
Expense ratio
1%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹2917 Cr
Inception Date
Inception Date
11 February, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
5 Years
TurnOver
TurnOver
59.05%

Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth Distribution as on (31-Jan-24)

  • Equity 98%

  • Debt & Cash 2%

Size breakup

Large cap
64.3%
Mid cap
18.1%
Small cap
15.6%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
29.7%
Consumer Cyclical
15%
Tech
14.7%
Industrial
10.8%
Energy
7.5%
Basic Materials
5.2%
Consumer Defensive
4.8%
Health
4.3%
Utilities
3.7%
Communication
2.9%
Real Estate
1.3%

Top Holdings of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth as on (31-Jan-24)

  • Equity

Equity Holdings53

Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 2.9K Cr
₹ 2.9K Cr
₹ 2.7K Cr
  • AUM of the fund stands at 2.9K Cr as of Jan'24
  • AUM increased by 18 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth Fund Manager

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
Pranay Sinha
Pranay Sinha
Fund Manager of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth, since 31 March 2021

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 12% since inception which is more than its category average return of 11.21%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.97% in Equity, 0% in Debt and 2.03% in Cash related instruments
AUM size ₹2917 Cr

AUM size ₹2917 Cr

This fund has AUM of ₹2917 Cr which is more than its category average of ₹ 702 Cr
Expense Ratio 1%

Expense Ratio 1%

This fund has an expense ratio of 1% which is less than its category average expense ratio of 1.55%

Frequently Asked Questions

The current NAV of Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth is ₹27.83 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
Nippon India Retirement Fund - Wealth Creation Scheme - Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.17%
7.17%
6 Month Returns
20.88%
20.88%
1 Year Returns
45.07%
45.07%
3 Years Returns
80.53%
21.76%
5 Years Returns
113.41%
16.37%
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.
1% as on January 2024
₹2917 Cr as on January 2024
Reliance Industries Ltd(7.34%), ICICI Bank Ltd(7.05%), HDFC Bank Ltd(6.52%), Bosch Ltd(4.04%), Tata Consultancy Services Ltd(3.83%) as on January 2024
Financial Services(29.11%), Consumer Cyclical(14.73%), Tech(14.36%) as on January 2024
Sanjay Doshi, Kinjal Desai, Pranay Sinha 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%