|Min SIP Amount||₹500|
|NAV||₹15.31 (15 Jul 2020)|
|Fund Started||11 Feb 2015|
|Fund Size||₹253 Cr|
Nippon IndiaRetirement Fund Income Generation Scheme Direct Growth 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 IndiaRetirement Fund Income Generation Scheme Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹253 Cr and the Latest NAV as of 15 Jul 2020 is ₹15.31.
The Nippon IndiaRetirement Fund Income Generation Scheme Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
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).