3 Year return

21.76%
Launched on January 2015 (9 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹3102.31 Cr.

Expense Ratio

0.96% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
3.5

Ratings by other agencies

1
0
0

Tax Implications

There are no records found for Tax Implications.

Fund Holdings

Holdings

Nippon India Mutual Fund Managers

PS

Pranay Sinha

Fund Manager since Jun 2018

View Details

Fund House Details

Nippon India Mutual Fund

Nippon India Mutual Fund Asset management company

AUM ₹433,896.92 Cr.
No. of Schemes 293
Setup Date NA

Peer Comparison

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Schemes by Nippon India Mutual Fund

List of mutual fund schemes by AMC

About Nippon India Retirement Fund Wealth Creation Scheme Direct Plan Growth Plan Growth

The Nippon India Retirement Fund Wealth Creation Scheme Direct Plan Growth Plan Growth is a flexi-cap mutual fund from Nippon India Mutual Fund. It is a direct plan, which means that there is no commission paid to a distributor when you invest in it. The Nippon India Retirement Fund Wealth Creation Scheme Direct Plan Growth Plan Growth is an open-ended fund, which means that the fund can issue and redeem new units on a continuous basis. The expense ratio of the fund is lower than the category average.

Investment Objectives of the Scheme

The fund's investment objective is to provide capital appreciation and consistent income to investors over the long term. The fund makes investments in a mix of equity and debt instruments. The equity portion of the portfolio is invested in a variety of sectors, including large-cap, mid-cap, and small-cap stocks. The debt portion of the portfolio is invested in government bonds and corporate bonds.

Key Features of The Fund

5-year return 16.34%
Expense Ratio 0.96%
Fund Manager Pranay Sinha
Fund Size ₹3102.31 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Nippon India Retirement Fund Wealth Creation Scheme Direct Plan Growth Plan Growth is suitable for investors who are looking to invest for their retirement and have a high-risk tolerance. The fund has a lock-in period of 5 years, which means that you cannot withdraw your money for 5 years. However, the fund has the potential to generate high returns over the long term. It is worth noting that the fund is invested in equities, which means that there is a risk of losing money.

AMC Contact Details

Name Nippon India Mutual Fund
Launch Date June 1995
Addresss Nippon Life India Asset Management Limited, 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400 013
Contact 1860 266 0111
Email customercare@nipponindiaim.in
Website https://mf.nipponindiaim.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Nippon India Retirement Fund Wealth Creation Scheme?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Nippon India Retirement Fund Wealth Creation Scheme Jun 14 2024 is 30.7014

What is the AUM of Nippon India Retirement Fund Wealth Creation Scheme?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Nippon India Retirement Fund Wealth Creation Scheme is 3102.31 crore.

What is the expense ratio of Nippon India Retirement Fund Wealth Creation Scheme?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Nippon India Retirement Fund Wealth Creation Scheme is 0.96%

What are the returns of Nippon India Retirement Fund Wealth Creation Scheme since inception?

The Nippon India Retirement Fund Wealth Creation Scheme was launched on Jan 22 2015. The fund has delivered a CAGR of 12.75 since inception.

What is the minimum SIP amount to invest in Nippon India Retirement Fund Wealth Creation Scheme?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Nippon India Retirement Fund Wealth Creation Scheme is 500.

How do I invest in Nippon India Retirement Fund Wealth Creation Scheme?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Nippon India Retirement Fund Wealth Creation Scheme?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Nippon India Retirement Fund Wealth Creation Scheme?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Nippon India Retirement Fund Wealth Creation Scheme?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.