Nippon India Retirement Fund Wealth Creation Scheme Direct IDCW

Solution Oriented
Retirement
Very High Risk
Payout
5Y Lock In
20.47%
3Y annualised
-0.15% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 18 Mar 2024₹21.61
Min. SIP amount₹500
Rating2
Fund size₹2,991.30Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Solution Oriented Retirement
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns43.0%20.5%13.9%11.5%
Category average37.0%17.4%15.6%NA
Rank with in category131639NA
Understand terms

Holdings (55)

NameSectorInstrumentAssets
EnergyEquity7.33%
FinancialEquity7.04%
FinancialEquity6.10%
AutomobileEquity4.21%
TechnologyEquity4.01%
ConstructionEquity3.20%
TechnologyEquity3.08%
FinancialEquity3.05%
Capital GoodsEquity2.96%
FinancialEquity2.88%
See All

Pros and cons

Category: Solution Oriented Retirement

Pros

Cons

Exit load is zero
5Y annualised returns lower than category average by 1.7%
Lower expense ratio: 1.05%
Lock-in period: 5Y
Consistently higher annualised returns than category average for the past 1Y and 3Y
Low rating: 2
Higher alpha: 2.12 The fund has generated returns higher than benchmark - S&P BSE 500 Total Return Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 1.05%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Pranay Sinha
Mar 2021 - Present
View details

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 has done B.A (Economics), MSc. (Economics) and has cleared CFA Level 1
Experience
She has been working with Nippon India Mutual Fund since year, 2012
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor, Tower A, Peninsula Business Park,Ganapatrao Kadam Marg, Lower Parel (W), Mumbai 400013
Phone
NA
Launch Date
30 Jun 1995
E-mail
NA
Website
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,

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