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Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW

Solution Oriented
Retirement
Very High Risk
5Y Lock In
13.37%
3Y annualised
+0.28% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 12 Aug 2022₹17.60
Min. SIP amount₹500
Rating1
Fund size₹2,275.72Cr

Returns and rankings

Category: Solution Oriented Retirement
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns7.9%13.4%8.4%9.2%
Category average52.1%14.5%14.5%NA
Rank with in category264533NA
Understand terms

Holdings (52)

NameSectorInstrumentAssets
Reliance Industries Ltd.EnergyEquity8.2%
HDFC Bank Ltd.FinancialEquity7.0%
ICICI Bank Ltd.FinancialEquity6.5%
Infosys Ltd.TechnologyEquity5.5%
Larsen & Toubro Ltd.ConstructionEquity4.5%
Tata Consultancy Services Ltd.TechnologyEquity4.2%
State Bank of IndiaFinancialEquity3.5%
Housing Development Finance Corpn. Ltd.FinancialEquity2.9%
Rites Ltd.ConstructionEquity2.8%
Power Grid Corporation of India Ltd.EnergyEquity2.0%
See All

Pros and cons

Category: Solution Oriented Retirement

Pros

Cons

Exit load is zero
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lower expense ratio: 1.23%
Lock-in period: 5Y
Low rating: 1

Expense ratio, exit load and tax

Expense ratio: 1.23%

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

Education
Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.
Experience
Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).
Also manages these schemes

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

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
Website
NA
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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FAQs

How to Invest in Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW?

You can easily invest in Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW provide?

The Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW has been there from 11 Feb 2015 and the average annual returns provided by this fund is 7.90% since its inception.

How much expense ratio is charged by Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW?

The term Expense Ratio used for Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW is 1.23% as of 13 Aug 2022...

What is the AUM of Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW?

The AUM, short for Assets Under Management of Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW is ₹2,275.72Cr as of 13 Aug 2022.

How to Redeem Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW?

If you want to sell your Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW?

You can select either SIP or Lumpsum investment of Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW?

The NAV of Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW is ₹17.60 as of 12 Aug 2022.

What is the PE and PB ratio of Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW?

The PE ratio ratio of Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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