|Min SIP Amount||Not Supported|
|NAV||₹15.10 (01 Jul 2020)|
|Fund Started||11 Feb 2015|
|Fund Size||₹249 Cr|
Nippon India Retirement Fund Income Generation Scheme Direct Bonus is a Solution Oriented Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 11 Feb 2015. Sanjay Parekh, Anju Chajjer, Jahnvee Shah is the Current Fund Manager of Nippon India Retirement Fund Income Generation Scheme Direct Bonus fund.The fund currently has an Asset Under Management(AUM) of ₹249 Cr and the Latest NAV as of 01 Jul 2020 is ₹15.10.
The Nippon India Retirement Fund Income Generation Scheme Direct Bonus is rated Moderately High risk. Minimum SIP Investment is set to 100.
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.
Lock-in for 5 years or retirement, whichever is earlier. If average equity holding is >65%, 10% (After 1 year as per LTCG). If average equity holding is <65%, 20% with indexation benefit (post 3 years).