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Nippon India Retirement Fund - Wealth Creation Scheme

An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

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This product is suitable for investors who are seeking*:

  • Long Term growth and capital appreciation
  • Investing primarily in equity & equity related instruments and balance in fixed income securities so as to help the investor in achieving the retirement goals

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Fund Riskometer

Nippon India Retirement Fund - Wealth Creation Scheme

Benchmark Riskometer

S&P BSE 500 TRI

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  • 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.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (28 Mar 2024)25.0477


​​

NAV as on February 29, 2024: `24.8492

Performance of Nippon India Retirement Fund - Wealth Creation as on 29/02/2024
Particulars
1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Retirement Fund - Wealth Creation Plan43.8020.3314.9010.58
B:S&P BSE 500 TRI39.3419.4118.9813.73
AB:S&P BSE Sensex TRI24.5115.2116.4812.26
Value of `10000 Invested
Nippon India Retirement Fund - Wealth Creation Plan14,39417,45020,04224,849
B:S&P BSE 500 TRI13,94717,05023,86532,058
AB:S&P BSE Sensex TRI12,45815,31221,46328,500
Inception Date: Feb 11, 2015
B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager : Pranay Sinha (Since Mar 2021); Sanjay Doshi (Since Jul, 2020)

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER:Pranay Sinha

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
Nippon India Retirement Fund - Income Generation Scheme14.2712.527.227.678.129.40
Nippon India Nivesh Lakshya Fund9.809.215.776.108.138.47
Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt9.419.584.835.176.837.06
Bottom 3
Nippon India ETF Nifty 5 yr Benchmark G-Sec8.508.62NANANANA
Nippon India Dynamic Bond Fund8.118.445.725.716.707.71
Nippon India Banking & PSU Debt Fund7.607.545.355.447.096.86

Note:

a.Mr. Pranay Sinha manages 8 open-ended schemes of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Mr.Pranay Sinha has been managing Nippon India Banking & PSU Debt Fund since Mar 2021, Nippon India Nivesh Lakshya Fund since Mar 2021, Nippon India Dynamic Bond Fund since Mar 2021, Nippon India Gilt Securities Fund since Mar 2021, Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt since Mar 2021, Nippon India Retirement Fund-Wealth Creation Plan since Mar 2021, Nippon India Retirement Fund-Income Generation Scheme since Mar 2021,Nippon India ETF Nifty 5 yr Benchmark G-Sec since Apr 2021.

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Sanjay Doshi

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Power & Infra Fund77.4662.4035.8226.6927.5724.38
Nippon India Growth Fund#54.1357.0827.5827.4225.5825.42
Nippon India Retirement Fund - Income Generation Scheme14.2712.527.227.678.129.40

Note:

a. Mr. Sanjay Doshi manages 4 open-ended schemes of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, performance data of other scheme the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Sanjay Doshi has been managing Nippon India Power & Infra Fund since Jan 2017, Nippon India Retirement Fund - Income Generation Scheme since July 2020, Nippon India Retirement Fund - Wealth Creation Scheme since July 2020,Nippon India Growth Fund Since Jan 2023.

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. Returns for 1 year and above are compounded annualized(CAGR) and returns less than 1 year are simple annualized basis. 6 months simple annualized returns are provided for the schemes that are in existence for more than 6 months but have not completed 1 year.IDCW (if any) are assumed to be reinvested at the prevailing NAV. In case of Nippon India ETF Liquid BeES, returns are based on gross IDCW per unit declared by the Fund. Bonus (if any) declared has been adjusted.Face value of schemes is `10 per unit, except for the schemes as specified here. Face Value of Nippon India Liquid Fund, Nippon India Money Market Fund Nippon India Ultra Short Duration Fund, Nippon India Low Duration Fund and Nippon India ETF Liquid BeES is `1000 per unit. Face value of Nippon India ETF Junior BeES is `1.25 per unit. Face value of Nippon India Overnight Fund is `100 per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES, Nippon India ETF Gold BeES is `1 per unit. In case, the start/end date of the concerned period is non-business day, NAV of the previous date is considered for computation of returns. Performance details of closed ended and interval schemes are not provided since these are not comparable with other schemes. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Note:

##The Scheme Returns are inclusive of the impact of Segregation of portfolio in the respective schemes. For impact on NAV on account of Segregation of portfolio, please refer SID/KIM of the relevant Schemes.












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Fund Details

  • Inception Date11 Feb 2015
  • Fund ManagerMr. Pranay Sinha | Mr. Sanjay Doshi
Current Investment Philosophy
    • The fund's investment objective is to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in an equity oriented portfolio.
    • The fund attempts to invest primarily in the large cap space with some allocations to good quality mid-cap companies.
    • The fund endeavors to provide a superior wealth creation alternative for investors who are in the accumulation phase i.e seeking to create a retirement corpus during their pre-retirement phase.
Minimum Investment
500.00

    and in multiples of Rs. 500 thereafter

Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

Nil

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Long Term growth and capital appreciation
  • Investing primarily in equity & equity related instruments and balance in fixed income securities so as to help the investor in achieving the retirement goals

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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Latest NAV

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