Home>Mutual Funds>Nippon India Mutual Fund>Nippon India Retirement Fund Wealth Creation Scheme Direct Growth
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6M
1Y
3Y
5Y
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| NAV: 22 Oct 2021 | ₹19.88 |
| Min. SIP amount | ₹500 |
| Rating | 1star |
| Fund size | ₹2,366.39 Cr |
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 | 59.7% | 15.7% | 12.1% | 10.8% |
| Category average | 52.1% | 14.5% | 14.5% | NA |
| Rank with in category | 32 | 40 | 33 | NA |
Understand termsinfo
Holdings (64)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
HDFC Bank Ltd. | Financial | Equity | 6.6% |
Reliance Industries Ltd. | Energy | Equity | 5.3% |
ICICI Bank Ltd. | Financial | Equity | 4.7% |
Infosys Ltd. | Technology | Equity | 4.6% |
Larsen & Toubro Ltd. | Construction | Equity | 4.1% |
Tata Consultancy Services Ltd. | Technology | Equity | 3.6% |
Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.5% |
HCL Technologies Ltd. | Technology | Equity | 2.9% |
Hindustan Unilever Ltd. | FMCG | Equity | 2.9% |
State Bank of India | Financial | Equity | 2.3% |
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
infoCategory: Solution Oriented Retirement
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Pros
1Y and 3Y annualised returns higher than category average
Exit load is zero
Lower expense ratio: 1.08%
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Cons
5Y annualised returns lower than category average by 2.36%
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
30 Sep 2021 - Present
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: 1.08%
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 termsinfo
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹500 |
Fund management
Prashant R Pimple
Feb 2020 - Present
View details
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.
Also manages these schemes
Sanjay Parekh
Jan 2015 - Present
View details
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.
Also manages these schemes
Anju Chhajer
Jan 2015 - Present
View details
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.
Also manages these schemes
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) | #6 in India |
|---|---|
| Total AUM | 2,30,092.13 Cr |
| Date of Incorporation | 30 Jun 1995 |
|---|
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth is a Solution Oriented Mutual Fund Scheme launched by Nippon India Mutual Fund. Th
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth is a Solution Oriented Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Sanjay Parekh, Anju Chajjer, Jahnvee Shah is the Current Fund Manager of Nippon India Retirement Fund Wealth Creation Scheme Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,30,092 Cr and the Latest NAV as of 22 Oct 2021 is ₹19.88.
The Nippon India Retirement Fund Wealth Creation Scheme Direct Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
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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
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
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
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