Nippon India Retirement Fund Wealth Creation Scheme Growth

Solution Oriented
Retirement
Very High Risk
5Y Lock In
28.83%
3Y annualised
-1.02% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 Mar 2023₹16.91
Min. SIP amountNot Supported
Rating1
Fund size₹2,233.39Cr

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 returns-1.0%28.8%5.5%6.7%
Category average-1.6%28.5%10.3%NA
Rank with in category202334NA
Understand terms

Holdings (58)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity6.5%
Reliance Industries Ltd.EnergyEquity6.5%
ICICI Bank Ltd.FinancialEquity5.7%
Tata Consultancy Services Ltd.TechnologyEquity4.2%
Larsen & Toubro Ltd.ConstructionEquity4.1%
Infosys Ltd.TechnologyEquity4.0%
State Bank of IndiaFinancialEquity3.6%
Axis Bank Ltd.FinancialEquity3.2%
Rites Ltd.ConstructionEquity3.0%
Bosch Ltd.AutomobileEquity2.7%
See All

Expense ratio, exit load and tax

Expense ratio: 2.05%

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 investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported

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

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
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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