October 3, 2022
mayank
Nippon India Retirement Fund – Income Generation Scheme
NAV Growth: Rs 17.2095
NAV IDCW: Rs 17.2095
NAV Bonus: Rs 17.2094
Suitable For Which Investors?
“Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than returns from fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt portion of these funds provides a moderate, but steady stream of income. The small equity allocation though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks 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.
Fund Manager:
1) Pranay Sinha
Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.
Experience: Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 – August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 – October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 – March 2008).
2) Sanjay Doshi
Education: ACA, MBA (Finance), Cleared CFA Level III
Experience: Prior to joining Nippon India AMC as Fund Manager – Equity, he was associated with RNLAM as Sr. Analyst Equity Investment (01-Feb-2011 to 01-Jan-2017), Macquarie Capital Securities (India) Pvt Ltd – Analyst Equity Research (Aug 2007 to Dec 2010), JP Morgan Services (India) Pvt Ltd – Associate Convertible Bonds Research (Sept 2005 to Jul 2007).
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 60 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 5 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 11-Feb-15 |
| Return Since Launch | 7.37% |
| Benchmark | CRISIL Hybrid 85+15 Conservative Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 194 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 1.23% |
| (As on 31-Aug-2022) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
| Turnover | — |
Nippon India Retirement Fund – Income Generation Scheme Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Retrmnt Incm Generation Dir | 0.01 | 0.07 | -0.87 | 4.72 | 0.05 | -0.26 | 6.75 | 6.31 | 7.45 | — |
| VR MIP TRI | 0.83 | 0.67 | -1.49 | 4.5 | 0.23 | 0.67 | 8.32 | 8 | 8.29 | — |
| Hybrid: Conservative Hybrid | 2.23 | 0.35 | -0.54 | 3.7 | 1.22 | 3.27 | 8.25 | 6.95 | 7.93 | — |
| Rank within category | 30 | 36 | 29 | 4 | 31 | 34 | 25 | 22 | 18 | — |
| Number of funds in category | 35 | 36 | 36 | 36 | 36 | 35 | 31 | 29 | 28 | 0 |
Nippon India Retirement Fund – Income Generation Scheme Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Nippon Ind Retrmnt Incm Generation Dir | 2 star | -0.26 | 6.75 | 6.31 | 1.23 | 194 | 7.37 | — | 7yrs 7mo | — |
| SBI Cons Hybrid Dir | 4 star | 6.35 | 11.18 | 8.36 | 0.57 | 6,561 | 9.77 | 1.00 (365) | 9yrs 9mo | — |
| ICICI Pru Regular Svngs Dir | 5 star | 4.71 | 10.06 | 9.03 | 0.99 | 3,310 | 10.61 | 1.00 (365) | 9yrs 9mo | 60.00 |
| Kotak Debt Hybrid Dir | 5 star | 4.18 | 12.27 | 9.78 | 0.45 | 1,582 | 10.62 | 1.00 (180) | 9yrs 9mo | 24.23 |
| Canara Robeco Cons Hybrid Dir | 5 star | 2.69 | 10.37 | 8.92 | 0.56 | 1,162 | 9.73 | 1.00 (365) | 9yrs 9mo | 242.00 |
Portfolio Analysis
| Number of Stocks | 34 |
| Number of Bonds | 11 |
| Average Maturity (yrs) | 19.02 |
| Top 10 Holdings | 75.95% |
| Portfolio P/B Ratio | 2.93 |
| Portfolio P/E Ratio | 22.60 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,56,359 | 1,85,079 |
| Giant (%) | 58.07 | 56.24 |
| Large (%) | 15.93 | 17.87 |
| Mid (%) | 16.28 | 19.60 |
| Small (%) | 9.72 | 9.16 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 44 | 50 |
| Modified Duration (yrs) | 9.30 | 2.91 |
| Average Maturity (yrs) | 19.02 | 4.70 |
| Yield to Maturity (%) | 7.39 | 6.86 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Nippon India Retirement Fund – Income Generation Scheme
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