Home>Mutual Funds>Nippon India Mutual Fund>Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus
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5Y
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Fund Details
Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus
| Risk | Very High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.16% |
| NAV | ₹17.50 (23 Jul 2021) |
|---|---|
| Fund Started | 11 Feb 2015 |
| Fund Size | ₹2,107 Cr |
Returns
1Y
3Y*
5Y*
Since inception*
Fund Returns
48.1%
8.0%
10.4%
7.8%
Category Average
52.1%
14.5%
14.5%
-
Rank Within Category
36
38
34
-
*All returns are annualized.
SIP
Minimum SIP amount₹100
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
₹0
with 48.1% returns per annum
Comparison
Data not available
Pros
1. Exit load is zero
Cons
1. 1Y Returns are lower than the category average returns
2. 3Y Returns are lower than the category average returns
3. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Infosys Ltd. | Technology | Equity | 6.2% |
| HDFC Bank Ltd. | Financial | Equity | 6.0% |
| Reliance Industries Ltd. | Energy | Equity | 6.0% |
| ICICI Bank Ltd. | Financial | Equity | 4.8% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.3% |
| Larsen & Toubro Ltd. | Construction | Equity | 3.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.8% |
| Axis Bank Ltd. | Financial | Equity | 2.5% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.4% |
| State Bank of India | Financial | Equity | 2.2% |
See All
Fund Managers
Prashant R Pimple
Education
Mr. Pimple is a MBA (Finance) and CTM.
Experience
Prior to joining Nippon India Mutual Fund he has worked with Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.
Funds Managed
Sanjay Parekh
Education
Mr. Parekh is a B.Com (H) and Chartered Accountant.
Experience
Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential MF, Ask Investments Managers, Prabhudas Lilladher, Sunidhi Consultancy Services, Insight Asset Management and Capital Market Magazine.
Funds Managed
Anju Chhajer
Education
Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
Experience
Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
Funds Managed
Pranay Sinha
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).
Funds Managed
Sanjay Doshi
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).
Funds Managed
Kinjal Desai
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.
Funds Managed
Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus Details
Nippon India Retirement Fund Wealth Creation 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 Wealth Creation Scheme Direct Bonus fund.The fund currently has an Asset Under Management(AUM) of ₹2,107 Cr and the Latest NAV as of 23 Jul 2021 is ₹17.50.
The Nippon India Retirement Fund Wealth Creation Scheme Direct Bonus is rated Very High risk. Minimum SIP Investment is set to 100.
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 in a mix of securities comprising of equity, equity related instruments and fixed income securities.
Tax Implications
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)
Not Supported
Min for First Investment
Not Supported
Min for Second Investment
Nil
Exit Load
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About Nippon India Mutual Fund
Address
Corporate Office : Reliance Centre, 7th Floor South Wing, OFf Western Express Highway, Santacruz(E) Mumbai-400055
Phone
022-33031000/30301111
Launch Date
30 Jun 1995
E-mail
[email protected]Website
NANippon 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.com
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