Nippon India Retirement Fund Wealth Creation Scheme Direct Growth

Solution Oriented
Retirement
Very High Risk
5Y Lock In
22.03%
3Y annualised
+1.15% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Dec 2023₹24.78
Min. SIP amount₹500
Rating2
Fund size₹2,553.86Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Solution Oriented Retirement
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns19.7%22.0%12.9%10.9%
Category average16.1%18.9%15.2%NA
Rank with in category191536NA
Understand terms

Holdings (53)

NameSectorInstrumentAssets
FinancialEquity8.1%
FinancialEquity6.8%
EnergyEquity6.7%
TechnologyEquity4.0%
AutomobileEquity3.8%
ConstructionEquity3.4%
FinancialEquity3.3%
FinancialEquity3.1%
TechnologyEquity3.0%
EnergyEquity2.7%
See All

Pros and cons

Category: Solution Oriented Retirement

Pros

Cons

Exit load is zero
5Y annualised returns lower than category average by 2.28%
Lower expense ratio: 0.97%
Lock-in period: 5Y
Consistently higher annualised returns than category average for the past 1Y and 3Y
Low rating: 2
Higher alpha: 1.74 The fund has generated returns higher than benchmark - S&P BSE 500 Total Return Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 0.97%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Pranay Sinha
Mar 2021 - Present
View details

Sanjay Doshi
Jul 2020 - Present
View details

Education
ACA, MBA (Finance), Cleared CFA Level III
Experience
Prior to joining Nippon India AMC as Fund Manager - Equity, he was associated with RNLAM as Sr. Analyst Equity Investment (01-Feb-2011 to 01-Jan-2017), Macquarie Capital Securities (India) Pvt Ltd - Analyst Equity Research (Aug 2007 to Dec 2010), JP Morgan Services (India) Pvt Ltd - Associate Convertible Bonds Research (Sept 2005 to Jul 2007).
Also manages these schemes

Kinjal Desai
May 2018 - Present
View details

Education
Ms. Desai is MSc(Economics)
Experience
Associate Equity Investements at NAM India Assisting Lead Analyst in Equity Research, idea generation and sector Monitoring., assisting Fund Managers in stock selection and monitoring of overseas investments.
Also manages these schemes

Akshay Sharma
Dec 2022 - Present
View details

Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor, Tower A, Peninsula Business Park,Ganapatrao Kadam Marg,Lower Parel (W), Mumbai 400013
Phone
022-68334800 / 18602660111
Launch Date
30 Jun 1995
Nippon India Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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