Nippon IndiaRetirement Fund Income Generation Scheme Direct Growth is a Solution Oriented Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced 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.The fund currently has an Asset Under Management(AUM) of ₹247 Cr and the Latest NAV as of 18 Oct 2019 is ₹14.18.
The Nippon IndiaRetirement Fund Income Generation Scheme Direct Growth is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Nil.
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).
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment