Nippon India Retirement Fund Wealth Creation Scheme Direct Growth
Hybrid
Direct
Retirement
NAV as on 21-02-2025
₹ 28.98
1D
Inception Returns
11.2%
/yr
About Nippon India Retirement Fund Wealth Creation Scheme Direct Growth
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth is a hybrid fund. This fund was started on 11 February, 2015. The fund is managed by Ashutosh Bhargava, Kinjal Desai, Pranay Sinha. This fund gives you the benefit of diversification.
Key Parameters
- Nippon India Retirement Fund Wealth Creation Scheme Direct Growth has ₹3089 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
- The fund has an expense ratio 1.
Returns
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth has given a CAGR return of 11.19% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.56%, 16.16% and 15.41% respectively.
Holdings
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Energy, Basic Materials, Communication, Health, Consumer Defensive, Utilities, Real Estate.
Taxation
As it is a retirement mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitLong term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Nippon India Retirement Fund Wealth Creation Scheme Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Nippon India Retirement Fund Wealth Creation Scheme Direct Growth of 5 Years
Historical NAV & Returns
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth Overview
| Expense ratio | 1.03% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹3089 Cr |
| Inception Date | 11 February, 2015 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 5 Years |
TurnOver | 32.92% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Feb-25)
Fund Distribution
as on (31-Jan-25)
- AUM of the fund stands at 3.1K Cr as of Jan'25
- AUM decreased by 197 Cr between Jan'25 and Dec'24
Top 3 Sectors in January were Financial Services, Tech & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.11% | 0% | |
 HDFC Bank Ltd | 6.6% | 0% | |
 Infosys Ltd | 5.66% | 12.7% | |
 Reliance Industries Ltd | 4.1% | 0% | |
 State Bank of India | 3.38% | 8% |
Mutual Fund Insights
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹3089 Cr
Expense Ratio 1.03%
Frequently Asked Questions for Nippon India Retirement Fund Wealth Creation Scheme Direct Growth
Nippon India Retirement Fund Wealth Creation Scheme Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.44% | -4.44% |
6 Month Returns | -12.18% | -12.18% |
1 Year Returns | 5.56% | 5.56% |
3 Years Returns | 56.72% | 16.16% |
5 Years Returns | 104.76% | 15.41% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.