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.

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.
   

Nippon India Retirement Fund Wealth Creation Scheme Direct Growth has given a CAGR return of 13.16% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 42.11%, 22.49% and 18.54% 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, Basic Materials, Health, Communication, Consumer Defensive, Utilities, 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 benefit
Gains 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