This Retirement Fund Has Given Good Returns On 3 Years SIP, SIP At Rs 500

A retirement plan is intended to assist you to plan for your post-retirement years and live a stress-free existence. Retirement Mutual Fund is one sort of retirement savings plan. These mutual funds can help you build your money and offer a steady income for the rest of your life. These programmes let you put money down for your retirement while you are still working. In this article, we have highlighted one retirement mutual fund that performed well on SIP.

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

It is Flexi Cap equity solution-oriented mutual fund scheme designed for retirement purposes. This fund was launched on 11 February 2015 by the Nippon India Mutual Fund house. It is an open-ended medium-sized fund of its category. The fund Assets Under Management or Fund size is Rs 2,212.45 Crores. As of 16th March 2022, the NAV is Rs 18.3981. Its expense ratio is 1.07%. Compared to its category average expense ratio it is high. It is a highly risky fund.

Returns

Absolute and Annualised Returns

It has offered returns of the last 78.96% absolute returns in the last 2 years, 30.84% in 3 years, 57.30% in 5 years, and 89.98% absolute returns since its inception. It has offered good returns, almost outperformed the category average returns in short term i.e. 1 and 2 years.

1-Year	2-Year	3-Year	5-Year	Since Inception
15.74%	33.78%	9.36%	9.48%	8.97%

SIP returns

 

SIP Tenure	Absolute Returns	Annualised Returns
1 Year	2.20%	4.12%
2 Year	28.57%	26.29%
3 Year	29.76%	17.68%
5 Year	32.49%	11.20%

Source- Money Control

Portfolio

98.88% of the fund's holdings are in Indian stocks, with 59.44 percent in large-cap stocks, 12.54 percent in mid-cap stocks, and 12.95 percent in small-cap stocks. The majority of the money in the fund is invested in the financial, technology, construction, energy, and services industries. When compared to other funds in the category, it has less exposure to the Financial and Technology sectors. HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Infosys Ltd., and Larsen & Toubro Ltd. are the top five holdings of the fund.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.