Nippon India Retirement Fund - Income Generation Scheme Direct Growth

Fund Overview

Fund Size

₹147 Cr

Expense Ratio

0.98%

ISIN

INF204KA1C30

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

11 Feb 2015

About this fund

Nippon India Retirement Fund - Income Generation Scheme Direct Growth is a Retirement mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 11 years and 8 days, having been launched on 11-Feb-15.
As of 18-Feb-26, it has a Net Asset Value (NAV) of ₹23.19, Assets Under Management (AUM) of 146.75 Crores, and an expense ratio of 0.98%.

Nippon India Retirement Fund - Income Generation Scheme Direct Growth has given a CAGR return of 7.93% since inception.
The fund's asset allocation comprises around 20.28% in equities, 74.46% in debts, and 5.26% in cash & cash equivalents.
You can start investing in Nippon India Retirement Fund - Income Generation Scheme Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+5.70%

— (Cat Avg.)

3 Years

+9.17%

— (Cat Avg.)

5 Years

+7.34%

— (Cat Avg.)

10 Years

+8.65%

— (Cat Avg.)

Since Inception

+7.93%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2026

Equity	₹29.76 Cr	20.28%
Debt	₹109.27 Cr	74.46%
Others	₹7.71 Cr	5.26%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
7.06% Gs 2046	Bond - Gov't/Treasury	₹44.34 Cr	30.49%
7.62% Gs 2039	Bond - Gov't/Treasury	₹26.17 Cr	17.99%
8.13% Gs 2045	Bond - Gov't/Treasury	₹23.11 Cr	15.89%
8.17% Gs 2044	Bond - Gov't/Treasury	₹7.13 Cr	4.90%
Triparty Repo	Cash - Repurchase Agreement	₹5.72 Cr	3.93%
ICICI Bank Ltd	Equity	₹4.07 Cr	2.79%
6.79% Gs 2034	Bond - Gov't/Treasury	₹4.01 Cr	2.76%
State Bank of India	Equity	₹3.23 Cr	2.22%
HDFC Bank Ltd	Equity	₹2.79 Cr	1.92%
Reliance Industries Ltd	Equity	₹2.51 Cr	1.73%
8.30% Govt Stock 2042	Bond - Gov't/Treasury	₹2.37 Cr	1.63%
Larsen & Toubro Ltd	Equity	₹1.87 Cr	1.28%
Net Current Assets	Cash	₹1.86 Cr	1.28%
Axis Bank Ltd	Equity	₹1.78 Cr	1.22%
NTPC Ltd	Equity	₹1.69 Cr	1.16%
Infosys Ltd	Equity	₹1.51 Cr	1.04%
Mahindra & Mahindra Ltd	Equity	₹1.37 Cr	0.94%
Cummins India Ltd	Equity	₹1.23 Cr	0.85%
Eternal Ltd	Equity	₹1.18 Cr	0.81%
8.83% Govt.Stock 2041	Bond - Gov't/Treasury	₹1.16 Cr	0.80%
Samvardhana Motherson International Ltd	Equity	₹1.08 Cr	0.75%
Tata Consultancy Services Ltd	Equity	₹0.94 Cr	0.64%
Dixon Technologies (India) Ltd	Equity	₹0.78 Cr	0.54%
SBI Life Insurance Co Ltd	Equity	₹0.7 Cr	0.48%
Hindustan Unilever Ltd	Equity	₹0.59 Cr	0.41%
Mishra Dhatu Nigam Ltd Ordinary Shares	Equity	₹0.52 Cr	0.36%
Crompton Greaves Consumer Electricals Ltd	Equity	₹0.44 Cr	0.30%
Kaynes Technology India Ltd	Equity	₹0.39 Cr	0.27%
Sun Pharmaceuticals Industries Ltd	Equity	₹0.32 Cr	0.22%
Tube Investments of India Ltd Ordinary Shares	Equity	₹0.28 Cr	0.19%
Apollo Hospitals Enterprise Ltd	Equity	₹0.21 Cr	0.14%
Cash Margin - Ccil	Cash - Repurchase Agreement	₹0.06 Cr	0.04%
Kwality Walls (India) Limited**	Equity	₹0.01 Cr	0.01%
Cash	Cash	₹0 Cr	0.00%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹12.57 Cr	8.64%
Consumer Cyclical	₹4.08 Cr	2.80%
Technology	₹3.62 Cr	2.49%
Industrials	₹3.38 Cr	2.33%
Energy	₹2.51 Cr	1.73%
Utilities	₹1.69 Cr	1.16%
Consumer Defensive	₹0.59 Cr	0.41%
Healthcare	₹0.53 Cr	0.36%
Basic Materials	₹0.52 Cr	0.36%

Risk & Performance Ratios

Fund Managers

Pranay Sinha

Since March 2021

Ritesh Rathod

Since January 2026

Additional Scheme Detailsas of 31st January 2026

ISIN

INF204KA1C30

Expense Ratio

0.98%

Exit Load

No Charges

Fund Size

₹147 Cr

Age

11 years

Lumpsum Minimum

₹500

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Hybrid 85+15 - ConservativeTR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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PGIM India Retirement Fund Direct Growth Very High Risk	0.7%	0.0%	₹93.66 Cr	14.0%
PGIM India Retirement Fund Regular Growth Very High Risk	2.3%	0.0%	₹93.66 Cr	12.1%
Bandhan Retirement Fund Regular Growth Moderately High risk	2.3%	0.0%	₹183.96 Cr	9.8%
Bandhan Retirement Fund Direct Growth Moderately High risk	0.7%	0.0%	₹183.96 Cr	11.6%
Nippon India Retirement Fund - Income Generation Scheme Direct Growth Moderately High risk	1.0%	0.0%	₹146.75 Cr	5.7%
Nippon India Retirement Fund - Income Generation Scheme Regular Growth Moderately High risk	2.1%	0.0%	₹146.75 Cr	4.5%
Nippon India Retirement Fund - Wealth Creation Scheme Regular Growth Very High Risk	1.9%	0.0%	₹3118.55 Cr	14.0%
Nippon India Retirement Fund - Wealth Creation Scheme Direct Growth Very High Risk	1.0%	0.0%	₹3118.55 Cr	15.1%
ICICI Prudential Retirement Fund Pure Debt Plan Regular Growth Moderately High risk	2.2%	0.0%	₹87.46 Cr	5.3%
ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct Growth Very High Risk	0.7%	0.0%	₹1093.36 Cr	23.1%
ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth Very High Risk	0.7%	0.0%	₹1652.05 Cr	26.2%
ICICI Prudential Retirement Fund Hybrid Aggressive Plan Regular Growth Very High Risk	2.1%	0.0%	₹1093.36 Cr	21.4%
ICICI Prudential Retirement Fund Hybrid Conservative Plan Direct Growth Moderately High risk	0.9%	0.0%	₹90.54 Cr	12.5%
ICICI Prudential Retirement Fund Pure Debt Plan Direct Growth Moderately High risk	1.2%	0.0%	₹87.46 Cr	6.2%
ICICI Prudential Retirement Fund Pure Equity Plan Regular Growth Very High Risk	2.0%	0.0%	₹1652.05 Cr	24.5%
ICICI Prudential Retirement Fund Hybrid Conservative Plan Regular Growth Moderately High risk	2.1%	0.0%	₹90.54 Cr	11.1%
Tata Retirement Savings Moderate Fund Direct Growth Very High Risk	0.7%	1.0%	₹2093.82 Cr	12.3%
Tata Retirement Savings Conservative Fund Direct Growth Moderately High risk	1.0%	1.0%	₹170.32 Cr	8.2%
Tata Retirement Savings Progressive Fund Direct Growth Very High Risk	0.6%	1.0%	₹2040.85 Cr	12.4%
Franklin India Pension Plan Direct Growth Moderately High risk	1.5%	3.0%	₹509.23 Cr	8.2%
SBI Retirement Benefit Fund - Aggressive Plan Regular Growth Very High Risk	1.9%	0.0%	₹3057.44 Cr	11.1%
SBI Retirement Benefit Fund - Aggressive Plan Direct Growth Very High Risk	0.9%	0.0%	₹3057.44 Cr	12.3%
SBI Retirement Benefit Fund - Conservative Plan Regular Growth Moderately High risk	1.4%	0.0%	₹172.01 Cr	5.8%
SBI Retirement Benefit Fund - Aggressive Hybrid Plan Direct Growth Very High Risk	1.0%	0.0%	₹1657.62 Cr	13.6%
SBI Retirement Benefit Fund - Conservative Plan Direct Growth Moderately High risk	0.9%	0.0%	₹172.01 Cr	6.3%
SBI Retirement Benefit Fund - Aggressive Hybrid Plan Regular Growth Very High Risk	2.0%	0.0%	₹1657.62 Cr	12.5%
Aditya Birla Sun Life Retirement Fund - The 30s Plan Direct Growth Very High Risk	1.2%	0.0%	₹419.29 Cr	23.5%
Aditya Birla Sun Life Retirement Fund - The 30s Plan Regular Growth Very High Risk	2.4%	0.0%	₹419.29 Cr	21.9%
Aditya Birla Sun Life Retirement Fund - The 50s Plus - Debt Plan Direct Growth Moderate Risk	0.8%	0.0%	₹16.70 Cr	5.6%
Aditya Birla Sun Life Retirement Fund - The 40s Plan Direct Growth Very High Risk	1.0%	0.0%	₹113.54 Cr	15.1%
Aditya Birla Sun Life Retirement Fund - The 40s Plan Regular Growth Very High Risk	2.4%	0.0%	₹113.54 Cr	13.5%
Aditya Birla Sun Life Retirement Fund - The 50s Plus - Debt Plan Regular Growth Moderate Risk	2.1%	0.0%	₹16.70 Cr	4.5%
Aditya Birla Sun Life Retirement Fund - The 50s Plan Direct Growth Moderate Risk	0.6%	0.0%	₹26.46 Cr	10.1%
Aditya Birla Sun Life Retirement Fund - The 50s Plan Regular Growth Moderate Risk	1.9%	0.0%	₹26.46 Cr	8.7%
SBI Retirement Benefit Fund - Conservative Hybrid Plan Regular Growth Moderately High risk	1.7%	0.0%	₹280.02 Cr	7.0%
SBI Retirement Benefit Fund - Conservative Hybrid Plan Direct Growth Moderately High risk	1.2%	0.0%	₹280.02 Cr	7.5%
Union Retirement Fund Regular Growth Very High Risk	2.4%	0.0%	₹190.10 Cr	18.1%
Union Retirement Fund Direct Growth Very High Risk	1.1%	0.0%	₹190.10 Cr	19.6%
Franklin India Pension Plan Regular Growth Moderately High risk	2.3%	3.0%	₹509.23 Cr	7.4%
Axis Retirement Savings Fund - Conservative Plan Regular Growth High Risk	2.1%	0.0%	₹50.60 Cr	6.9%
Axis Retirement Savings Fund - Dynamic Plan Direct Growth High Risk	1.2%	0.0%	₹292.84 Cr	11.4%
Axis Retirement Savings Fund - Dynamic Plan Regular Growth High Risk	2.4%	0.0%	₹292.84 Cr	10.1%
Axis Retirement Savings Fund - Aggressive Plan Direct Growth High Risk	1.1%	0.0%	₹729.25 Cr	11.1%
Axis Retirement Savings Fund - Conservative Plan Direct Growth High Risk	1.2%	0.0%	₹50.60 Cr	8.1%
Axis Retirement Savings Fund - Aggressive Plan Regular Growth High Risk	2.3%	0.0%	₹729.25 Cr	9.7%
Tata Retirement Savings Progressive Fund Regular Growth Very High Risk	2.0%	1.0%	₹2040.85 Cr	10.8%
Tata Retirement Savings Conservative Fund Regular Growth Moderately High risk	2.2%	1.0%	₹170.32 Cr	6.9%
Tata Retirement Savings Moderate Fund Regular Growth Very High Risk	2.0%	1.0%	₹2093.82 Cr	10.8%

About the AMC

Nippon India Mutual Fund

022-6808 7000/18602660111

https://mf.nipponindiaim.com/

Total AUM

₹7,25,431 Cr

Address

4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013

Other Funds by Nippon India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Nippon India Nifty India Manufacturing Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹36.80 Cr	-
Nippon India MNC Fund Direct Growth Very High Risk	1.2%	1.0%	₹425.65 Cr	-
Nippon India Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk	0.1%	0.0%	₹623.45 Cr	-
Nippon India BSE Sensex Next 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹38.01 Cr	-
Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹20.44 Cr	-
Nippon India Nifty 500 Quality 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹43.18 Cr	-
Nippon India Active Momentum Fund Direct Growth Very High Risk	0.7%	1.0%	₹338.26 Cr	-
Nippon India Nifty Auto Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹40.39 Cr	30.4%
Nippon India Nifty Realty Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹31.62 Cr	0.6%
Nippon India CRISIL-IBX AAA Financial Services - Dec 2026 Index Fund Regular Growth Moderate Risk	0.1%	0.0%	₹98.23 Cr	7.7%
Nippon India CRISIL-IBX AAA Financial Services - Jan 2028 Index Fund Regular Growth Low to Moderate Risk	0.1%	0.0%	₹85.07 Cr	8.2%
Nippon India Nifty 500 Momentum 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1033.35 Cr	12.5%
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹401.77 Cr	15.5%
Nippon India Fixed Maturity Plan - XLVI - Series 5 - 1868 Days Direct Growth High Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 366 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 3 - 368 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 367 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹213.47 Cr	-19.5%
Nippon India Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹185.38 Cr	26.0%
Nippon India Fixed Maturity Plan - XLVI - Series 1 - 92 Days Direct Growth Moderately High risk	-	0.0%	-	-
Nippon India Innovation Fund Direct Growth Very High Risk	0.6%	1.0%	₹2696.94 Cr	16.8%
Nippon India Fixed Horizon Fund - XLV - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 1 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund - XLV - Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 7 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 6 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 5 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 7 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 4 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 6 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Quarterly Series I Direct Growth Low Risk	-	0.0%	₹2.33 Cr	5.7%
Nippon India Fixed Horizon Fund XXXX Series 10 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLIV Series 4 Direct Growth Low Risk	-	-	₹51.85 Cr	6.9%
Nippon India Fixed Horizon Fund XLIV Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Annual Series I Direct Growth Low Risk	-	0.0%	₹3.06 Cr	7.0%
Nippon India Fixed Horizon Fund XLIV Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 1 Direct Growth Low Risk	-	0.0%	₹220.19 Cr	7.1%
Nippon India Fixed Horizon Fund XLIV Series 1 Direct Growth Low to Moderate Risk	-	0.0%	₹72.20 Cr	7.8%
Nippon India Fixed Horizon Fund - XLIII - Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLIII Series 5 Direct Growth Low to Moderate Risk	-	0.0%	₹184.13 Cr	8.1%
Nippon India Fixed Horizon Fund XXXIX Series 12 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLI Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Capital Protection Oriented Fund II Plan A Direct Growth Low Risk	-	-	₹40.32 Cr	9.7%
Nippon India Interval Fund Quarterly Series III Direct Growth Low Risk	-	0.0%	₹2.74 Cr	5.8%
Nippon India Fixed Horizon Fund XLI Series 13 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XXXX Series 9 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Interval Fund Quarterly Series II Direct Growth Moderate Risk	-	0.0%	₹14.58 Cr	5.9%

Risk Level

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Still got questions?
We're here to help.

What is the current NAV of Nippon India Retirement Fund - Income Generation Scheme Direct Growth?

The NAV of Nippon India Retirement Fund - Income Generation Scheme Direct Growth, as of 18-Feb-2026, is ₹23.19.

What are the returns of Nippon India Retirement Fund - Income Generation Scheme Direct Growth?

The fund has generated 5.70% over the last 1 year and 9.17% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Nippon India Retirement Fund - Income Generation Scheme Direct Growth?

The fund's allocation of assets is distributed as 20.28% in equities, 74.46% in bonds, and 5.26% in cash and cash equivalents.

Who manages the Nippon India Retirement Fund - Income Generation Scheme Direct Growth?

The fund managers responsible for Nippon India Retirement Fund - Income Generation Scheme Direct Growth are:-

Pranay Sinha
Ritesh Rathod

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Nippon India Retirement Fund - Income Generation Scheme Direct Growth

Fund Overview