Nippon India Retirement Fund Wealth Creation Scheme Direct Growth

Nippon India Retirement Fund Wealth Creation Scheme Direct Growth

Hybrid

Direct

Retirement

NAV as on 06-12-2024

₹ 33.44

0.8%

1D

Inception Returns

13.1%

/yr

About 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 Ashutosh Bhargava, 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 ₹3336 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 1.

Returns

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.

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, Communication, Health, Basic Materials, Utilities, Consumer Defensive, 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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
607 people have invested ₹ 33.5L in Nippon India Retirement Fund Wealth Creation Scheme Direct Growth in the last three months

Nippon India Retirement Fund Wealth Creation Scheme Direct Growth Overview

Expense ratio0.98%
Benchmark
S&P BSE 500 India TR INR
AUM₹3336 Cr
Inception Date11 February, 2015
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In5 Years
TurnOver
32.92%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth
Retirement Index
1M
4.3%
-
3M
0.1%
-
6M
15.9%
-
1Y
32.1%
-
3Y
20.1%
-
5Y
18.8%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 99.3%

  • Debt & Cash 0.7%

Large cap
65.9%

Small cap
16.9%

Mid cap
15.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
30.2%
Industrial
14%
Tech
13.9%
Consumer Cyclical
12.1%
Energy
5.7%
Communication
5.3%
Health
4.8%
Basic Materials
4.8%
Utilities
4.4%
Consumer Defensive
3.7%
Real Estate
1.3%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 3.3K Cr
₹ 3.5K Cr
₹ 3.5K Cr
  • AUM of the fund stands at 3.3K Cr as of Oct'24
  • AUM decreased by 212.9 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Industrial & Tech

Oct'24
Financial Services
30%
Industrial
14%
Tech
14%
Sep'24
Financial Services
29%
Industrial
15%
Tech
14%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
72
70
68
Top 5 Company Concentration
26.2%
26%
26.3%
Company having highest exposure
ICICI Bank Ltd (7.9%)
ICICI Bank Ltd (7.3%)
ICICI Bank Ltd (7.1%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
75.8%
75.8%
76.7%
Sector having highest exposure
Financial Services (30.2%)
Financial Services (29.2%)
Financial Services (29.1%)
Loading...
We are taking more time than usual
Ashutosh Bhargava
Ashutosh Bhargava
Fund Manager of Nippon India Retirement Fund Wealth Creation Scheme Direct Growth, since 8 April 2024
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
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Mutual Fund Insights

Insights icon
In the last 5 years, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 26.24% return, outperforming this fund by 7.42% per annum.
Insights icon
In the last 3 years, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 23.94% return, outperforming this fund by 3.8% per annum.
Insights icon
Over the last 3 months, this fund has increased expense ratio by 4.3% moving from 0.94 to 0.98.
Insights icon
In the last 1 year, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 37.58% return, outperforming this fund by 5.51%.
Insights icon
This fund has one of the lowest expense ratio in the category (retirement). Its expense ratio is 0.98% which is lower than the category average expense ratio of 1.39%.
Insights icon
Over the last 1 month, this fund has experienced a 4.7% drop in AUM moving from 3.50K Cr to 3.33K Cr.

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 13.07% since inception which is more than its category average return of 12.66%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.28% in Equity, 0% in Debt and 0.72% in Cash related instruments
AUM size ₹3336 Cr

AUM size ₹3336 Cr

This fund has AUM of ₹3336 Cr which is more than its category average of ₹ 806 Cr
Expense Ratio 0.98%

Expense Ratio 0.98%

This fund has an expense ratio of 0.98% which is less than its category average expense ratio of 1.52%

Frequently Asked Questions for Nippon India Retirement Fund Wealth Creation Scheme Direct Growth

The current NAV of Nippon India Retirement Fund Wealth Creation Scheme Direct Growth is ₹33.44 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
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%
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.
0.98% as on November 2024
₹3336 Cr as on November 2024
ICICI Bank Ltd(7.79%), HDFC Bank Ltd(6.46%), Infosys Ltd(4.59%), Reliance Industries Ltd(3.87%), Tata Consultancy Services Ltd(3.71%) as on November 2024
Financial Services(30%), Industrial(13.86%), Tech(13.79%) as on November 2024
Ashutosh Bhargava, 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%