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Nippon India Retirement Fund- Wealth Creation Scheme- Growth Plan - Growth Option is a solution scheme managed by Nippon India Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 19.01%, with the bottom and top quartiles at 16.70% and 21.19% respectively. It has ranked in the top half of its category for 4 of the last 10 reported years. Risk-adjusted return (Sharpe ratio) is 0.00. The total expense ratio is 3.12% on assets of ₹3,056Cr. The fund is currently managed by Pranay Sinha, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 90% of its portfolio classified as of 2026-04-30.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| ICICI Bank Limited | Financial Services | 7.32% |
| HDFC Bank Limited | Financial Services | 7.13% |
| Reliance Industries Limited | Energy | 4.80% |
| Axis Bank Limited | Financial Services | 4.15% |
| State Bank of India | Financial Services | 3.64% |
| Larsen & Toubro Limited | Industrials | 3.48% |
| Infosys Limited | Technology | 3.28% |
| NTPC Limited | Utilities | 2.82% |
| Mahindra & Mahindra Limited | Consumer Cyclical | 2.37% |
| Tech Mahindra Limited | Technology | 2.05% |
| Hindustan Aeronautics Limited | Industrials | 1.92% |
| Varun Beverages Limited | Consumer Defensive | 1.85% |
| SBI Life Insurance Company Limited | Financial Services | 1.79% |
| Samvardhana Motherson International Limited | Consumer Cyclical | 1.76% |
| Cummins India Limited | Industrials | 1.72% |
| JSW Energy Limited | Utilities | 1.65% |
| HDFC Asset Management Company Limited | Financial Services | 1.60% |
| Bajaj Finance Limited | Financial Services | 1.53% |
| Blue Star Limited | Consumer Cyclical | 1.46% |
| Cholamandalam Investment and Finance Company Ltd | Financial Services | 1.41% |
| InterGlobe Aviation Limited | Industrials | 1.41% |
| Eternal Limited | Consumer Cyclical | 1.37% |
| Nestle India Limited | Consumer Defensive | 1.28% |
| NLC India Limited | Utilities | 1.24% |
| United Spirits Limited | Consumer Defensive | 1.19% |
| Sector | Holdings | Weight |
|---|---|---|
| Banks | 4 | 22.24% |
| Power | 5 | 7.84% |
| IT - Software | 3 | 6.19% |
| Petroleum Products | 2 | 5.78% |
| Finance | 5 | 5.67% |
| Consumer Durables | 4 | 4.68% |
| Construction | 3 | 4.40% |
| Beverages | 3 | 3.64% |
| Retailing | 3 | 3.20% |
| Automobiles | 2 | 3.17% |
| Pharmaceuticals & Biotechnology | 4 | 3.10% |
| Aerospace & Defense | 2 | 2.74% |
| Telecom - Services | 3 | 2.28% |
| Auto Components | 2 | 2.19% |
| Food Products | 3 | 2.05% |
| Insurance | 2 | 1.97% |
| Transport Services | 2 | 1.87% |
| Industrial Products | 1 | 1.72% |
| Electrical Equipment | 4 | 1.71% |
| Capital Markets | 1 | 1.60% |
| Chemicals & Petrochemicals | 2 | 0.99% |
| Textiles & Apparels | 1 | 0.96% |
| Financial Technology (Fintech) | 1 | 0.87% |
| Ferrous Metals | 1 | 0.83% |
| Cement & Cement Products | 1 | 0.76% |
| Leisure Services | 1 | 0.72% |
| Industrial Manufacturing | 1 | 0.70% |
| Miscellaneous | 4 | 0.67% |
| Healthcare Services | 1 | 0.56% |
| Personal Products | 1 | 0.51% |
| Agricultural, Commercial & Construction Vehicles | 1 | 0.47% |
| Diversified Metals | 1 | 0.38% |
| Other Utilities | 1 | 0.13% |
| IT - Services | 1 | 0.05% |
Active bets vs the average Solution fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -6.99% | 2.36% | 14.90% | 37.44% | 68.35% | 83.5% |
| 3Y | 12.08% | 16.70% | 19.01% | 21.19% | 25.75% | 100.0% |
| 5Y | 11.76% | 14.64% | 18.07% | 20.86% | 23.96% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 41.0% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Solution.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.