About Nippon IndiaRetirement Fund - Income Generation Scheme Direct - Growth
Nippon IndiaRetirement Fund - Income Generation Scheme Direct - Growth is a Balanced
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 11 Feb 2015 and is currently managed by its fund managers Sanjay Doshi
and Prashant R Pimple
. It has an AUM of ₹253.45 Crores and the latest NAV decalared is ₹15.402 as on 03 Aug 2020 at 2:43 pm.
Nippon IndiaRetirement Fund - Income Generation Scheme Direct - Growth scheme return performance in last 1 year is 6.59%, in last 3 years is 21.16% and 53.82% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
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.
About Fund Category
Conservative Hybrid Funds invest between 75% and 90% of their total assets in debt securities and the remaining in equity and equity related instruments. Investors who have a moderately high risk appetite and who want equity exposure may consider these funds to earn higher returns than pure debt funds.