Fund Performance
Lumpsum
SIP
24.52
as on 22 Sep 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 19,307 today.
NAV Performance
Fund Information
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₹ 21.162
as on 22 Sep 2023 -
Regular - Growth
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-
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₹ 5,000
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₹ 2,223 Cr.
as on 31 May 2023 -
2.03%
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11 Feb 2015
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S&P BSE 500 TRI
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Nippon India Mutual Fund
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Highlights of this fund
Nippon India Retirement Fund - Wealth Creation Scheme is an Open-ended Hybrid Fund. The fund belongs to Retirement Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 11 Feb 2015. This fund is offered by one of the top AMC (Assets Management Company) Nippon India Mutual Fund. You can also view here all other Hybrid funds offered by Nippon India Mutual Fund.
Latest NAV of the fund is ₹ 21.162 as on 22 Sep 2023.
This fund has 8 years of track record. Since 31 Mar 2023 expense ratio of this fund is 2.03%. Ideally you shoulds compare this fund with the benchmark S&P BSE 500 TRI.
You can invest in this fund in SIP with the minimum investment of ₹ 500. Lumpsum invest is offered with minimum investment of ₹ 5,000.
Fund Objective
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.
List of Fund Managers of Nippon India Retirement Fund - Wealth Creation Scheme
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About Kinjal Desai
Kinjal Desai is Fund Manager – Overseas at Reliance Mutual Fund. Kinjal has obtained her Masters in Economics from Warwick University, UK. She has a total experience of 6 years as Research Analyst – Equities at Reliance Mutual Fund where she started her career as an Associate.
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About Pranay Sinha
Mr. Pranay Sinha has an overall experience of around 10 years in financial markets. Prior to joining BSLAMC, he wored as a Trader - Interest Rates in BNP Paribas Bank (October 2010 - August, 2014). Pranav has also worked with Morgan Stanley Investment Management Private Limited (March 2008 - October 2010) and ICICI Prudential Asset Management Company Limited (October 2005 - March 2008). He holds a degree from IIT Kharagpur in Aerospace Engg and a Post Graduation degree (PGDM) from IIM Calcutta with Major in Finance.
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About Sanjay Doshi
Mr. Sanjay Doshi has over 13 years of experience in equity research and fund management. Prior to joining Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) in 2011, he has worked with Macquarie Securities and JP Morgan. He is a qualified Chartered Account, has done MBA with specialization in Finance from NMIMS (Deemed University), Mumbai and has cleared CFA Level III.
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About Akshay Sharma
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Very High Risk
Fund Return Comparison
| Fund Name | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 4.10% | 22.50% | 29.22% | 22.75% | 15.10% | 31.20% | 17.98% | 8.91% | 31.72% | 22.11% | 23.57% | 23.48% | 7.59% |
| Category Average | 1.37% | 6.21% | 13.92% | 10.83% | 5.90% | 12.12% | 9.55% | 8.91% | 16.95% | 10.88% | 10.57% | 13.13% | 7.59% |
| Nippon India Retirement Fund - Wealth Creation Scheme | 2.29%₹ 10,228 | 9.28%₹ 10,928 | 23.37%₹ 12,337 | 17.90%₹ 11,790 | 29.47%₹ 13,838 | 9.42%₹ 11,973 | 18.12%₹ 28,679 | 24.52%₹ 19,307 | 18.21%₹ 47,082 | 9.62%₹ 15,839 | 16.11%₹ 89,759 | - | - |
| HDFC Retirement Savings Fund - Equity Plan | 0.80%₹ 10,079 | 7.77%₹ 10,777 | 20.95%₹ 12,094 | 22.75%₹ 12,275 | 29.84%₹ 13,860 | 14.49%₹ 13,109 | 22.11%₹ 29,747 | 31.20%₹ 22,583 | 23.57%₹ 50,729 | 17.98%₹ 22,881 | 23.48%₹ 1,07,392 | - | - |
| ICICI Prudential Retirement Fund (Pure Equity Plan) | 1.71%₹ 10,170 | 9.86%₹ 10,985 | 25.02%₹ 12,501 | 18.61%₹ 11,861 | 31.72%₹ 13,973 | 15.10%₹ 13,248 | 19.74%₹ 29,110 | 29.98%₹ 21,959 | 22.44%₹ 49,947 | - | - | - | - |
| HDFC Retirement Savings Fund - Hybrid - Equity Plan | 0.63%₹ 10,062 | 5.93%₹ 10,593 | 16.36%₹ 11,635 | 18.36%₹ 11,836 | 23.23%₹ 13,460 | 10.08%₹ 12,118 | 16.76%₹ 28,316 | 21.66%₹ 18,005 | 16.49%₹ 45,951 | 13.78%₹ 19,078 | 16.85%₹ 91,420 | - | - |
| ICICI Prudential Retirement Fund (Hybrid Aggressive Plan) | 1.49%₹ 10,149 | 8.87%₹ 10,886 | 21.43%₹ 12,142 | 15.93%₹ 11,593 | 27.14%₹ 13,697 | 9.00%₹ 11,881 | 16.26%₹ 28,183 | 20.28%₹ 17,401 | 15.90%₹ 45,565 | - | - | - | - |
| Aditya Birla Sun Life Retirement Fund - 30s Plan | 0.46%₹ 10,046 | 7.29%₹ 10,728 | 18.22%₹ 11,821 | 11.63%₹ 11,163 | 19.91%₹ 13,257 | 4.66%₹ 10,953 | 12.16%₹ 27,105 | 14.14%₹ 14,871 | 10.69%₹ 42,267 | - | - | - | - |
Portfolio Holdings
Top Sector Holdings of Nippon India Retirement Fund - Wealth Creation Scheme
| Name of Sector | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Banks | 22.79% | ₹ 545.00 Cr. |
| Engineering, designing, construction | 6.90% | ₹ 164.92 Cr. |
| Computers - Software | 6.75% | ₹ 161.34 Cr. |
| Refineries/Marketing | 6.72% | ₹ 160.54 Cr. |
| Auto ancillaries | 5.65% | ₹ 134.91 Cr. |
| Others | 51.19% | - |
Top Stock Holdings of Nippon India Retirement Fund - Wealth Creation Scheme
| Name of Stocks | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Reliance Industries Ltd. | 6.72% | ₹ 160.54 Cr. |
| HDFC Bank Ltd. | 6.47% | ₹ 154.64 Cr. |
| ICICI Bank Ltd. | 5.96% | ₹ 142.37 Cr. |
| State Bank Of India | 3.88% | ₹ 92.78 Cr. |
| Tata Consultancy Services Ltd. | 3.44% | ₹ 82.24 Cr. |
| Others | 73.53% | - |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 1.95% |
| Net Receivables | 0.42% |
| Margin | 0.01% |