Nippon India Retirement Fund Wealth Creation 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 India Retirement Fund Wealth Creation Scheme Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹1,585 Cr and the Latest NAV as of 17 Oct 2019 is ₹13.61.
The Nippon India Retirement Fund Wealth Creation Scheme Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
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.
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)
₹5000
Min for First Investment
₹1000
Min for Second Investment