Home>Mutual Funds>Nippon India Mutual Fund>Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus
1M
6M
1Y
3Y
5Y
All
| NAV: 28 Jan 2022 | ₹18.91 |
| Min. SIP amount | ₹100 |
| Rating | 1 |
| Fund size | ₹2,368.41Cr |
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Solution Oriented Retirement
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 31.0% | 13.5% | 11.3% | 9.6% |
| Category average | 52.1% | 14.5% | 14.5% | NA |
| Rank with in category | 31 | 40 | 33 | NA |
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Holdings (57)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
HDFC Bank Ltd. | Financial | Equity | 6.1% |
Reliance Industries Ltd. | Energy | Equity | 5.7% |
ICICI Bank Ltd. | Financial | Equity | 5.5% |
Larsen & Toubro Ltd. | Construction | Equity | 4.6% |
Infosys Ltd. | Technology | Equity | 4.6% |
Tata Consultancy Services Ltd. | Technology | Equity | 4.1% |
Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.4% |
State Bank of India | Financial | Equity | 2.8% |
Hindustan Unilever Ltd. | FMCG | Equity | 2.7% |
Axis Bank Ltd. | Financial | Equity | 2.1% |
See All
Disclaimer
This content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Solution Oriented Retirement
Pros
Exit load is zero
Lower expense ratio: 1.07%
Cons
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lock-in period: 5Y
Low rating: 1
Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
Past expense ratio & exit load
Expense ratio
Exit load
31 Dec 2021 - Present
1.07%
30 Nov 2021 - 31 Dec 2021
1.07%
31 Oct 2021 - 30 Nov 2021
1.07%
30 Sep 2021 - 31 Oct 2021
1.08%
31 Aug 2021 - 30 Sep 2021
1.13%
31 Jul 2021 - 31 Aug 2021
1.15%
30 Jun 2021 - 31 Jul 2021
1.16%
31 May 2021 - 30 Jun 2021
1.17%
30 Apr 2021 - 31 May 2021
0.72%
31 Mar 2021 - 30 Apr 2021
0.72%
28 Feb 2021 - 31 Mar 2021
1.50%
31 Jan 2021 - 28 Feb 2021
1.45%
31 Dec 2020 - 31 Jan 2021
1.46%
30 Nov 2020 - 31 Dec 2020
1.19%
31 Oct 2020 - 30 Nov 2020
0.82%
30 Sep 2020 - 31 Oct 2020
0.81%
31 Aug 2020 - 30 Sep 2020
0.98%
31 Jul 2020 - 31 Aug 2020
0.99%
30 Jun 2020 - 31 Jul 2020
1.26%
31 May 2020 - 30 Jun 2020
1.29%
30 Apr 2020 - 31 May 2020
1.37%
31 Mar 2020 - 30 Apr 2020
1.07%
29 Feb 2020 - 31 Mar 2020
1.26%
31 Jan 2020 - 29 Feb 2020
1.34%
31 Dec 2019 - 31 Jan 2020
1.34%
30 Nov 2019 - 31 Dec 2019
1.34%
31 Oct 2019 - 30 Nov 2019
1.35%
30 Sep 2019 - 31 Oct 2019
1.35%
31 Aug 2019 - 30 Sep 2019
1.37%
31 Jul 2019 - 31 Aug 2019
1.40%
30 Jun 2019 - 31 Jul 2019
1.40%
31 May 2019 - 30 Jun 2019
1.40%
30 Apr 2019 - 31 May 2019
1.41%
31 Mar 2019 - 30 Apr 2019
1.20%
28 Feb 2019 - 31 Mar 2019
1.27%
31 Jan 2019 - 28 Feb 2019
1.27%
31 Dec 2018 - 31 Jan 2019
1.27%
30 Nov 2018 - 31 Dec 2018
1.43%
31 Oct 2018 - 30 Nov 2018
1.47%
30 Sep 2018 - 31 Oct 2018
1.48%
31 Aug 2018 - 30 Sep 2018
1.48%
31 Jul 2018 - 31 Aug 2018
1.79%
30 Jun 2018 - 31 Jul 2018
1.81%
31 May 2018 - 30 Jun 2018
1.04%
30 Apr 2018 - 31 May 2018
1.55%
31 Mar 2018 - 30 Apr 2018
1.56%
28 Feb 2018 - 31 Mar 2018
1.56%
31 Jan 2018 - 28 Feb 2018
1.56%
31 Dec 2017 - 31 Jan 2018
1.58%
30 Nov 2017 - 31 Dec 2017
1.59%
31 Oct 2017 - 30 Nov 2017
1.61%
Expense ratio, exit load and tax
Expense ratio: 1.07%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
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).
Understand terms
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹100 |
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
Fund house & investment objective
| Rank (total assets) | NA |
|---|---|
| Total AUM | NA |
| Date of Incorporation | NA |
|---|
Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus is a Solution Oriented Mutual Fund Scheme launched by NA. This scheme was m
Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus is a Solution Oriented Mutual Fund Scheme launched by NA. This scheme was made available to investors on 29 Jan 2022. Sanjay Parekh, Anju Chajjer, Jahnvee Shah is the Current Fund Manager of Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus fund. The fund currently has an Asset Under Management(AUM) of NA Cr and the Latest NAV as of 28 Jan 2022 is ₹18.91.
The Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus is rated Very High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000.
...Read more
Investment Objective
The scheme seeks to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing
The scheme seeks 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.
...Read more
| Fund benchmark | S&P BSE 500 TRI |
|---|
Fund house contact details
Address
NA
Phone
NA
Launch Date
NA
E-mail
NAWebsite
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,
Email
[email protected]Website
www.karvymfs.comCompare funds
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FAQs
How to Invest in Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus
You can easily invest in Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:
- Log on to your Groww account
- Search for Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus from the search box
- In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
- Once you are done with that, you can start investing in Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus provide?
The Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus has been there from 11 Feb 2015 and the average annual returns provided by this
fund is 31.03% since its inception.
How much expense ratio is charged by Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus?
The term Expense Ratio used for Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.
The Expense Ratio of Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus is 1.07% as of 29 Jan 2022...
The Expense Ratio of Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus is 1.07% as of 29 Jan 2022...
What is the AUM of Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus?
The AUM, short for Assets Under Management of Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus is ₹2,368.41Cr as of 29 Jan 2022.
How to Redeem Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus?
If you want to sell your Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus holdings, go to your holding on the app or
web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your
desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus?
What is the NAV of Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus?
The NAV of Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus is ₹18.91 as of 28 Jan 2022.
What is the PE and PB ratio of Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus?
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