Nippon India Retirement Fund- Wealth Creation Scheme- Growth Plan - Growth Option

Nippon India Retirement Fund- Wealth Creation Scheme- Growth Plan - Growth Option is a scheme launched by Nippon Mutual Fund on February 11, 2015, and falls under the Retirement Funds fund category. It currently manages an AUM of Rs 3,144.06 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 500. It charges an expense ratio of 1.95% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  Nippon India Retirement Fund- Wealth Creation Scheme- Growth Plan - Growth Option trailing returns over different times are -2.92% (1 year), 16.75% (3 year) and 21.01% (5 year). The average annual return of this fund stands at 1.12%.