October 3, 2022
mayank
Nippon India Retirement Fund – Wealth Creation Scheme
NAV Growth: Rs 19.1513
NAV IDCW: Rs 17.4461
NAV Bonus: Rs 19.1513
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a flexi-cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending on where it expects maximum gains. This versatility makes flexi-cap funds most suitable for equity fund investors, as the job of stock selection is left completely to the fund manager, which is the very idea of investing in a mutual fund.
Like for all equity funds, you must invest only through the SIP route.
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 | 8.88% |
| Benchmark | S&P BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 2,378 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 1.26% |
| (As on 31-Aug-2022) | |
| Risk Grade | High |
| Return Grade | Low |
| Turnover | 67.00% |
Nippon India Retirement Fund – Wealth Creation Scheme Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Retrmnt Wealth Creation Dir | -1.39 | 1.29 | -2.26 | 12.02 | 0.76 | -0.93 | 12.12 | 7.55 | 9.75 | — |
| S&P BSE 500 TRI | 0.45 | 1.57 | -3.22 | 11.32 | 0.7 | 0.14 | 18.34 | 13.06 | 13.71 | — |
| Equity: Flexi Cap | -1.31 | 1.46 | -2.1 | 11.41 | 0.81 | 0.05 | 16.93 | 12.36 | 13.17 | — |
| Rank within category | 34 | 58 | 40 | 21 | 33 | 36 | 44 | 33 | 32 | — |
| Number of funds in category | 64 | 72 | 71 | 68 | 68 | 63 | 49 | 35 | 34 | 1 |
Nippon India Retirement Fund – Wealth Creation 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 Wealth Creation Dir | 1 star | -0.93 | 12.12 | 7.55 | 1.26 | 2,378 | 8.88 | — | 7yrs 7mo | 67.00 |
| SBI Focused Eqt Dir | 4 star | -1.99 | 17.88 | 15.32 | 0.71 | 27,450 | 15.53 | 1.00 (365) | 9yrs 9mo | 29.00 |
| UTI Flexi Cap Dir | 4 star | -8.69 | 19.78 | 15.13 | 0.93 | 26,503 | 15.17 | 1.00 (365) | 9yrs 9mo | 8.00 |
| Parag Parikh Flexi Cap Dir | 5 star | -4.71 | 23.73 | 17.25 | 0.77 | 25,996 | 18.76 | 2.00 (365) | 9yrs 4mo | 16.56 |
| Mirae Asset Focused Dir | 5 star | -5.42 | 19.85 | — | 0.51 | 8,993 | 21.14 | 1.00 (365) | 3yrs 4mo | 31.00 |
Portfolio Analysis
| No. of Stocks | 55 |
| Top 10 Stocks (*) | –% |
| Top 5 Stocks (*) | –% |
| Top 3 Sectors (*) | –% |
| Portfolio P/B Ratio (*) | 3.45 |
| Portfolio P/E Ratio | 24.75 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,34,722 | 1,52,321 |
| Giant (%) | 53.08 | 52.20 |
| Large (%) | 15.02 | 19.43 |
| Mid (%) | 20.31 | 22.26 |
| Small (%) | 11.59 | 6.56 |
| Tiny (%) | — | 0.09 |
Chanakya’s Mutual Fund Guidance For Nippon India Retirement Fund – Wealth Creation Scheme
Do not invest in this, or any other flexi-cap fund, if you need to redeem your investment in less than five years.
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