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​​​​​​​​​​​​​​​​ ​​​​​Home Funds and Performance Nippon India ​Retirement Fund Wealth Creation Scheme.​ ​​​​​​

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

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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

  • Latest NAV (30 Mar 2020)8.3647


NAV as on Feb 29, 2020: `12.3063

Performance of Nippon India Retirement Fund - Wealth Creation as on 29/02/2020
Particulars1 Year CAGR ​%3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Retirement Fund - Wealth Creation Scheme -0.743.544.194.20
B: S&P BSE 500 TRI4.217.606.436.89
AB: S&P BSE Sensex TRI7.9111.376.947.38
Value of `10000 Invested
Nippon India Retirement Fund - Wealth Creation Scheme 9,92611,09912,28112,306
B: S&P BSE 500 TRI10,42112,45713,66013,999
AB: S&P BSE Sensex TRI​10,79113,81213,99214,329
Inception Date: Feb 11, 2015
​​​​B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager: Sanjay Parekh (Since Feb 2015), Prashant Pimple w.e.f. 1st Feb,2020
NA stands for schemes in existence for more than 1 year but less than 3 years or 5 years or instances where benchmark data for corresponding period is not available.
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​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Sanjay Parekh

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Retirement Fund - Income Generation Scheme11.8914.556.858.926.608.77
Nippon India Equity Hybrid Fund##-1.817.952.878.494.837.56
Nippon India Hybrid Bond Fund-5.0612.472.438.413.988.52
Nippon India Equity Savings Fund## -9.397.23-0.057.75N.A.N.A.
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​​Note​:

a.Mr. Sanjay Parekh manages 5 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.

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 Parekh has been managing Nippon India Hybrid Bond Fund since Apr 2012, Nippon India Equity Hybrid Fund since Apr 2012, Nippon India Retirement Fund - Wealth Creation Scheme since Feb 2015, Nippon India Retirement Fund - Income Generation Scheme since Feb 2015, Nippon India Equity Savings Fund since May 2015

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Nippon India Low Duration Fund is `1000/- per unit. Face Value of Nippon India Money Market Fund, Nippon India Liquid Fund, Nippon India Ultra Short Duration Fund is `1000/- per unit w.e.f 5th Aug 2012. Face value of Nippon India ETF Junior BeES is `1.25/- per unit. Face value of Nippon India ETF Liquid BeES is `1000/- 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 has changed from `10/- per unit to `1/- per unit w.e.f 20th Dec 2019. Face value of Nippon India ETF Gold BeES has changed from `100/- per unit to `1/- per unit w.e.f 20th Dec 2019.​ In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended 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).​​​​​​​​​

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​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Prashant Pimple

Scheme Name/sCAGR %
1 Year Return3 Years Return5 Years Return
SchemeBenchmarkSchemeBenchmarkSchemeBenchmark
Top 3
Nippon India Nivesh Lakshya Fund18.5517.04N.A.N.A.N.A.N.A.
Nippon India ETF Long Term Gilt*14.1513.847.937.94N.A.N.A.
Nippon India Retirement Fund - Income Generation Scheme11.8914.556.858.926.608.77
Bottom 3
Nippon India Dynamic Bond Fund11.0713.216.528.097.038.54
Nippon India Short Term Fund10.0710.597.157.907.708.28
Nippon India Balanced Advantage Fund6.877.957.548.496.067.56
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Note:

a.Mr. Prashant Pimple 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.

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) .

*The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using Dividend Reinvestment NAV's.

Mr. Prashant Pimple has been managing Nippon India Dynamic Bond Fund since Oct 2008, Nippon India Short Term Fund since Oct 2008, Nippon India ETF Long Term Gilt since Jul 2016, Nippon India Nivesh Lakshya Fund since July 2018, Nippon India Retirement Fund - Income Generation Scheme since Feb 2020, Nippon India Retirement Fund - Wealth Creation Scheme since Feb 2020, Nippon India Banking & PSU Debt Fund since Feb 2020, Nippon India Balanced Advantage Fund Feb 2020

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Nippon India Low Duration Fund is `1000/- per unit. Face Value of Nippon India Money Market Fund, Nippon India Liquid Fund, Nippon India Ultra Short Duration Fund is `1000/- per unit w.e.f 5th Aug 2012. Face value of Nippon India ETF Junior BeES is `1.25/- per unit. Face value of Nippon India ETF Liquid BeES is `1000/- 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 has changed from `10/- per unit to `1/- per unit w.e.f 20th Dec 2019. Face value of Nippon India ETF Gold BeES has changed from `100/- per unit to `1/- per unit w.e.f 20th Dec 2019.​ Face value of Nippon India Overnight Fund is `100/- per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended 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. Sanjay Parekh | Mr. Prashant Pimple
Current Investment Philosophy
    • 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 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
5000.00

    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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Details as on Feb 29 , 2020

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