Rating : ★ ★ ★ ☆ ☆

Nippon India Retirement Fund Wealth Creation Scheme Direct Dividend Payout

Solution

  

Retirement Fund

NAV

10.4153-0.2883

(as on 24 Sep, 2020)

RETURNS

-4.79 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Investment Plan

1%

Benchmark

S&P BSE 500 India TR INR

Asset Size

1519.61 Cr.

(As of 31 Aug, 2020)

Risk

Moderately High

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.

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Fund manager

Sanjay H Parekh

Exit load

N / A

Minimum sip

₹500

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

HDFC Bank Ltd

7.34%

Reliance Industries Ltd

7.26%

Infosys Ltd

5.81%

Housing Development Finance Corp Ltd

4.34%

Sector Allocation

About the Scheme Type

For investors with a clear goal of having a corpus for their retirement phase, a Retirement Fund could be a good option. These come with a lock-in period of 5 years or until retirement, whichever is earlier. SEBI has purposefully mandated the lock-inso as to give impetus to long term saving as they also come with tax benefits. Also, there’s a pretty hefty exit load – 3 to 4%, in case of premature withdrawals. Given that they’re only been there since a few years, there are limited number of Retirement Funds today.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of Nippon India Mutual Fund

With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores​​ ​(January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on​ March 31, 2019​​), Reliance Nippon Life Asset Management Ltd is one of India's leading mutual funds. Reliance Nippon Life Asset Management Ltd is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Reliance Nippon Life Asset Management Ltd constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Vision statement of Reliance Nippon Life Asset Management Ltd - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission statement of Reliance Nippon Life Asset Management Ltd - To create and nurture a world-class, high performance environment aimed at delighting our customers.​

Main objectives of Reliance Nippon Life Asset Management Ltd are

  • To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
  • To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
  • To take such steps as may be necessary from time to time to realise the effects without any limitation