Nippon IndiaRetirement Fund Income Generation Scheme Direct Growth

Solution Oriented
Retirement
Moderately High Risk
5Y Lock In
8.43%
3Y annualised
+0.22% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Mar 2024₹20.51
Min. SIP amount₹500
Rating1
Fund size₹164.66Cr

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 returns15.6%8.4%9.4%8.3%
Category average14.2%8.5%8.4%NA
Rank with in category112214NA
Understand terms

Holdings (38)

NameSectorInstrumentAssets
SovereignCGL26.80%
SovereignGOI Sec15.71%
GOI
SovereignGOI Sec14.02%
SovereignGOI Sec9.16%
SovereignCGL4.34%
EnergyEquity1.73%
FinancialEquity1.69%
GOI
SovereignCGL1.43%
FinancialEquity1.42%
SovereignGOI Sec1.18%
See All

Pros and cons

Category: Solution Oriented Retirement

Pros

Cons

Exit load is zero
3Y annualised returns lower than category average by 0.05%
Lower expense ratio: 1.22%
Lock-in period: 5Y
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Low rating: 1
1Y and 5Y annualised returns higher than category average

Expense ratio, exit load and tax

Expense ratio: 1.22%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab.

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 has done B.A (Economics), MSc. (Economics) and has cleared CFA Level 1
Experience
She has been working with Nippon India Mutual Fund since year, 2012
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
NA
Launch Date
30 Jun 1995
E-mail
NA
Website
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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