Nippon India Retirement Fund - Wealth Creation Scheme
Retirement SolutionsVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹28.63+0.48%1 day
- Return since launch
- 9.3%
- 52-week range
- ₹25.44 — ₹29.48
- AUM
- ₹2,939 Cr
Nippon India Retirement Fund - Wealth Creation Scheme is a Retirement Solutions equity fund from Nippon India Mutual Fund with ₹2,939 Cr under management, launched in 2015. Over three years it has returned 3.2% a year, against 12.5% for its category. The expense ratio is 2.23% and the SEBI riskometer reading is Very High.
Performance
Nippon India Retirement Fund - Wealth Creation Scheme NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -1.8% against +1.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.1% | −1.0 pts | 3.1% | 5.4% |
| 2Y | 1.7% | −2.7 pts | 4.4% | 4.8% |
| 3Y | 3.2% | −9.3 pts | 12.5% | 5.2% |
| 5Y | 9.3% | −1.2 pts | 10.5% | 9.8% |
| 7Y | 12.1% | +2.5 pts | 9.6% | 12.2% |
| 10Y | 10.9% | −1.4 pts | 12.3% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.3% | +0.3 pts | 6.0% | 5.4% |
| 3M | -2.6% | −1.4 pts | -1.2% | -1.8% |
| 6M | 1.9% | −2.4 pts | 4.3% | 3.0% |
| 1Y | -1.8% | −4.9 pts | 3.1% | 1.8% |
| 2Y | -0.1% | −3.4 pts | 3.3% | 2.4% |
| 3Y | 10.5% | −1.9 pts | 12.5% | 10.6% |
| 5Y | 9.0% | −1.5 pts | 10.5% | 9.2% |
| 7Y | 11.5% | +1.5 pts | 10.0% | 13.0% |
| 10Y | 10.4% | −1.9 pts | 12.3% | 11.5% |
Since launch (22 Jan 2015): 9.3%
Calendar-year returns
Category average0.6%
32.1%
1.6%
31.1%
20.3%
1.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.0% | −5.7 pts | 6.8% |
| 2024 | 20.3% | +0.5 pts | 19.8% |
| 2023 | 31.1% | −0.5 pts | 31.5% |
| 2022 | 1.6% | −2.5 pts | 4.1% |
| 2021 | 32.1% | −1.2 pts | 33.3% |
| 2020 | 0.6% | −12.9 pts | 13.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.23%
Expense ratio as on 31 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.68%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.47%
- Exit load
- Exit load of 1% if redeemed before the age of 60 yrs.
- Lock-in
- 5 years
Terms
- Min SIP
- ₹-1
- Min lumpsum
- ₹-1
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -0.91 | 2.94 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 0.98 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.27 | 0.50 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.35 | 0.70 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.35 | 15.93 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Nippon India Retirement Fund - Wealth Creation Scheme portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity99.0%
- Debt0.0%
- Other1.0%
Market cap split
- Large62.2%
- Mid26.3%
- Small11.5%
- P/E
- 22.38
- P/B
- 3.10
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 7.72% | ₹227 Cr | +8.28% | +7.04% | +6.97% |
| ICICI Bank Ltd. | Financial | 6.89% | ₹202 Cr | +7.89% | +7.48% | +6.78% |
| Axis Bank Ltd. | Financial | 4.17% | ₹123 Cr | +4.36% | +3.55% | +1.78% |
| Reliance Industries Ltd. | Energy | 4.14% | ₹122 Cr | +4.30% | +4.95% | +4.40% |
| Infosys Ltd. | Technology | 3.72% | ₹109 Cr | +3.57% | +3.10% | +3.40% |
| Mahindra & Mahindra Ltd. | Automobile | 3.27% | ₹96.18 Cr | +2.33% | +2.49% | +2.52% |
| JSW Energy Ltd. | Capital Goods | 3.03% | ₹88.96 Cr | +3.40% | +1.53% | +1.34% |
| State Bank of India | Financial | 2.94% | ₹86.36 Cr | +3.46% | +3.66% | +3.70% |
| Alkem Laboratories Ltd. | Healthcare | 2.26% | ₹66.34 Cr | +2.05% | +1.24% | +0.51% |
| Hindustan Aeronautics Ltd. | Capital Goods | 2.14% | ₹63.02 Cr | +1.92% | +1.69% | +2.02% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 2.01% | ₹59.04 Cr | +1.53% | — | — |
| HDFC Asset Management Company Ltd. | Financial | 1.91% | ₹56.11 Cr | +1.81% | +1.43% | +1.74% |
| Varun Beverages Ltd. | Consumer Staples | 1.91% | ₹56.16 Cr | +1.81% | +1.52% | — |
| Interglobe Aviation Ltd. | Services | 1.70% | ₹49.84 Cr | +1.74% | +1.42% | +1.76% |
| Info Edge (India) Ltd. | Services | 1.68% | ₹49.36 Cr | +1.28% | +0.56% | — |
| NTPC Green Energy Ltd. | Energy | 1.68% | ₹49.31 Cr | +1.39% | +0.79% | — |
| Indus Towers Ltd. | Communication | 1.66% | ₹48.70 Cr | +1.66% | — | — |
| Eternal Ltd. | Services | 1.52% | ₹44.80 Cr | +1.46% | +1.40% | +1.74% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.51% | ₹44.52 Cr | +1.59% | +0.97% | — |
| Godrej Consumer Products Ltd. | Consumer Staples | 1.48% | ₹43.42 Cr | — | — | — |
| Swiggy Ltd. | Services | 1.45% | ₹42.52 Cr | +0.93% | +0.82% | — |
| Ambuja Cements Ltd. | Materials | 1.32% | ₹38.82 Cr | +1.20% | — | — |
| Bajaj Finance Ltd. | Financial | 1.31% | ₹38.38 Cr | +1.30% | +2.59% | +3.30% |
| Blue Star Ltd. | Consumer Discretionary | 1.29% | ₹37.95 Cr | +1.32% | +1.45% | +0.71% |
| Max Financial Services Ltd. | Financial | 1.29% | ₹37.82 Cr | +1.02% | +0.18% | +0.50% |
| United Spirits Ltd. | Consumer Staples | 1.27% | ₹37.24 Cr | +1.20% | +1.21% | +0.92% |
| The Indian Hotels Company Ltd. | Services | 1.24% | ₹36.43 Cr | +1.16% | +0.55% | +0.50% |
| JSW Infrastructure Ltd. | Services | 1.21% | ₹35.66 Cr | +1.70% | — | — |
| Nestle India Ltd. | Consumer Staples | 1.19% | ₹34.98 Cr | +1.22% | +1.13% | — |
| NLC India Ltd. | Energy | 1.15% | ₹33.74 Cr | +0.42% | +1.64% | +1.53% |
| TD Power Systems Ltd. | Capital Goods | 1.10% | ₹32.35 Cr | — | — | — |
| Endurance Technologies Ltd. | Automobile | 1.09% | ₹31.99 Cr | +1.04% | — | — |
| LIC Housing Finance Ltd. | Financial | 1.05% | ₹30.89 Cr | +1.07% | — | — |
| Others | Others | 1.05% | ₹32.50 Cr | +0.01% | +0.03% | +0.01% |
| Titan Company Ltd. | Consumer Discretionary | 1.03% | ₹30.27 Cr | +1.50% | +1.42% | +1.01% |
| Gland Pharma Ltd. | Healthcare | 0.99% | ₹28.99 Cr | +0.73% | +0.67% | +0.69% |
| TVS Motor Company Ltd. | Automobile | 0.98% | ₹28.74 Cr | +0.79% | +0.85% | +0.76% |
| Cummins India Ltd. | Capital Goods | 0.97% | ₹28.56 Cr | +1.10% | +1.62% | +1.30% |
| Mishra Dhatu Nigam Ltd. | Metals & Mining | 0.96% | ₹28.11 Cr | +0.87% | +0.62% | +0.76% |
| Healthcare Global Enterprises Ltd. | Healthcare | 0.94% | ₹27.66 Cr | +0.84% | — | — |
| Bharti Hexacom Ltd. | Communication | 0.93% | ₹27.27 Cr | +0.88% | — | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.92% | ₹27.13 Cr | +1.16% | +1.05% | +1.28% |
| Container Corporation Of India Ltd. | Services | 0.91% | ₹26.85 Cr | — | — | — |
| Fortis Healthcare Ltd. | Healthcare | 0.90% | ₹26.36 Cr | — | — | — |
| Abbott India Ltd. | Healthcare | 0.89% | ₹26.22 Cr | +0.80% | +0.75% | +0.74% |
| Tata Power Company Ltd. | Energy | 0.89% | ₹26.03 Cr | +0.91% | +0.82% | — |
| Page Industries Ltd. | Textiles | 0.85% | ₹25.00 Cr | — | +0.91% | +0.96% |
| Power Finance Corporation Ltd. | Financial | 0.81% | ₹23.66 Cr | +0.96% | +1.36% | +2.32% |
| Tube Investments Of India Ltd. | Automobile | 0.81% | ₹23.75 Cr | — | — | — |
| ISGEC Heavy Engineering Ltd. | Capital Goods | 0.78% | ₹22.96 Cr | +0.78% | +0.58% | +0.52% |
| Shriram Finance Ltd | Financial | 0.76% | ₹22.23 Cr | +0.76% | +0.71% | — |
| Tata Motors Ltd. | Automobile | 0.72% | ₹21.08 Cr | — | — | — |
| Piramal Pharma Ltd. | Healthcare | 0.69% | ₹20.39 Cr | — | — | — |
| TBO Tek Ltd. | Services | 0.69% | ₹20.22 Cr | — | — | — |
| Mankind Pharma Ltd. | Healthcare | 0.65% | ₹19.16 Cr | — | +0.63% | — |
| Larsen & Toubro Ltd. | Construction | 0.64% | ₹18.80 Cr | +2.69% | +3.34% | +3.45% |
| Avenue Supermarts Ltd. | Services | 0.63% | ₹18.39 Cr | — | — | — |
| Escorts Kubota Ltd. | Automobile | 0.56% | ₹16.44 Cr | +0.58% | +0.44% | — |
| Samvardhana Motherson International Ltd. | Automobile | 0.56% | ₹16.33 Cr | +0.96% | +1.68% | +1.47% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.53% | ₹15.53 Cr | +0.50% | — | — |
| Tech Mahindra Ltd. | Technology | 0.52% | ₹15.24 Cr | +1.94% | +2.11% | +1.87% |
| Indegene Ltd. | Healthcare | 0.51% | ₹14.86 Cr | — | — | — |
| Sharda Motor Industries Ltd. | Automobile | 0.50% | ₹14.57 Cr | +0.43% | +0.39% | +0.50% |
| Gillette India Ltd. | Consumer Staples | 0.47% | ₹13.77 Cr | +0.49% | +0.51% | +0.59% |
| Syngene International Ltd. | Healthcare | 0.46% | ₹13.44 Cr | +0.52% | +0.49% | — |
| Bajel Projects Ltd. | Capital Goods | 0.40% | ₹11.75 Cr | +0.45% | +0.35% | +0.45% |
| Kaynes Technology India Ltd. | Capital Goods | 0.36% | ₹10.50 Cr | +0.54% | +0.65% | +1.17% |
| ICICI Life Insurance Ltd. | Insurance | 0.34% | ₹9.94 Cr | — | — | — |
| KPIT Technologies Ltd. | Technology | 0.34% | ₹10.00 Cr | +0.44% | — | — |
| United Breweries Ltd. | Consumer Staples | 0.32% | ₹9.55 Cr | +0.55% | +0.70% | +0.72% |
| AU Small Finance Bank Ltd. | Financial | 0.25% | ₹7.44 Cr | — | — | — |
| Afcons Infrastructure Ltd. | Construction | 0.19% | ₹5.57 Cr | +0.23% | +0.22% | +0.46% |
| Yes Bank Ltd. | Financial | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Larsen & Toubro Ltd. | 1.94% | 0.64% | -1.30% |
| PB Fintech Ltd. | 0.96% | 0.00% | -0.96% |
| Tech Mahindra Ltd. | 1.46% | 0.52% | -0.94% |
| Container Corporation Of India Ltd. | 0.00% | 0.91% | +0.91% |
| Fortis Healthcare Ltd. | 0.00% | 0.90% | +0.90% |
| NLC India Ltd. | 0.34% | 1.15% | +0.81% |
| ICICI Bank Ltd. | 7.53% | 6.89% | -0.64% |
| Page Industries Ltd. | 0.21% | 0.85% | +0.64% |
| Avenue Supermarts Ltd. | 0.00% | 0.63% | +0.63% |
| Tube Investments Of India Ltd. | 0.20% | 0.81% | +0.61% |
| JSW Infrastructure Ltd. | 1.77% | 1.21% | -0.56% |
| HDFC Bank Ltd. | 7.26% | 7.72% | +0.46% |
| Ellenbarrie Industrial Gases Ltd. | 0.40% | 0.00% | -0.40% |
| NTPC Green Energy Ltd. | 1.28% | 1.68% | +0.40% |
| Gland Pharma Ltd. | 1.38% | 0.99% | -0.39% |
| Infosys Ltd. | 3.99% | 3.72% | -0.27% |
| Eternal Ltd. | 1.78% | 1.52% | -0.26% |
| Kaynes Technology India Ltd. | 0.62% | 0.36% | -0.26% |
| Varun Beverages Ltd. | 1.66% | 1.91% | +0.25% |
| HDFC Asset Management Company Ltd. | 2.06% | 1.91% | -0.15% |
| Mahindra & Mahindra Ltd. | 3.42% | 3.27% | -0.15% |
| Blue Star Ltd. | 1.17% | 1.29% | +0.12% |
| ISGEC Heavy Engineering Ltd. | 0.66% | 0.78% | +0.12% |
| Cholamandalam Investment and Finance Company Ltd. | 1.63% | 1.51% | -0.12% |
| Mishra Dhatu Nigam Ltd. | 0.85% | 0.96% | +0.11% |
| State Bank of India | 3.05% | 2.94% | -0.11% |
| Max Financial Services Ltd. | 1.39% | 1.29% | -0.10% |
| Nestle India Ltd. | 1.28% | 1.19% | -0.09% |
| Abbott India Ltd. | 0.80% | 0.89% | +0.09% |
| Tata Power Company Ltd. | 0.80% | 0.89% | +0.09% |
| Swiggy Ltd. | 1.53% | 1.45% | -0.08% |
| TD Power Systems Ltd. | 1.02% | 1.10% | +0.08% |
| Hindustan Aeronautics Ltd. | 2.07% | 2.14% | +0.07% |
| Sharda Motor Industries Ltd. | 0.43% | 0.50% | +0.07% |
| Alkem Laboratories Ltd. | 2.19% | 2.26% | +0.07% |
| Mankind Pharma Ltd. | 0.59% | 0.65% | +0.06% |
| The Indian Hotels Company Ltd. | 1.18% | 1.24% | +0.06% |
| Crompton Greaves Consumer Electricals Ltd. | 0.98% | 0.92% | -0.06% |
| Reliance Industries Ltd. | 4.19% | 4.14% | -0.05% |
| LIC Housing Finance Ltd. | 1.00% | 1.05% | +0.05% |
| Titan Company Ltd. | 1.08% | 1.03% | -0.05% |
| Bajaj Finance Ltd. | 1.35% | 1.31% | -0.04% |
| Shriram Finance Ltd | 0.80% | 0.76% | -0.04% |
| United Spirits Ltd. | 1.31% | 1.27% | -0.04% |
| Bajel Projects Ltd. | 0.44% | 0.40% | -0.04% |
| Indus Towers Ltd. | 1.62% | 1.66% | +0.04% |
| JSW Energy Ltd. | 2.99% | 3.03% | +0.04% |
| Healthcare Global Enterprises Ltd. | 0.97% | 0.94% | -0.03% |
| Interglobe Aviation Ltd. | 1.67% | 1.70% | +0.03% |
| Power Finance Corporation Ltd. | 0.78% | 0.81% | +0.03% |
| Tata Motors Ltd. | 0.75% | 0.72% | -0.03% |
| ICICI Life Insurance Ltd. | 0.37% | 0.34% | -0.03% |
| KPIT Technologies Ltd. | 0.37% | 0.34% | -0.03% |
| United Breweries Ltd. | 0.35% | 0.32% | -0.03% |
| Endurance Technologies Ltd. | 1.11% | 1.09% | -0.02% |
| Indegene Ltd. | 0.49% | 0.51% | +0.02% |
| Info Edge (India) Ltd. | 1.70% | 1.68% | -0.02% |
| Afcons Infrastructure Ltd. | 0.21% | 0.19% | -0.02% |
| Bharti Hexacom Ltd. | 0.95% | 0.93% | -0.02% |
| Escorts Kubota Ltd. | 0.58% | 0.56% | -0.02% |
| TBO Tek Ltd. | 0.67% | 0.69% | +0.02% |
| Vedanta Aluminium Metal Ltd. | 1.99% | 2.01% | +0.02% |
| AU Small Finance Bank Ltd. | 0.26% | 0.25% | -0.01% |
| Ambuja Cements Ltd. | 1.33% | 1.32% | -0.01% |
| Cummins India Ltd. | 0.98% | 0.97% | -0.01% |
| Godrej Consumer Products Ltd. | 1.47% | 1.48% | +0.01% |
| Samvardhana Motherson International Ltd. | 0.55% | 0.56% | +0.01% |
| TVS Motor Company Ltd. | 0.97% | 0.98% | +0.01% |
| Gillette India Ltd. | 0.46% | 0.47% | +0.01% |
| Syngene International Ltd. | 0.47% | 0.46% | -0.01% |
| Piramal Pharma Ltd. | 0.68% | 0.69% | +0.01% |
| Axis Bank Ltd. | 4.16% | 4.17% | +0.01% |
| Others | 0.00% | 0.01% | +0.01% |
| Bharat Heavy Electricals Ltd. | 0.53% | 0.53% | 0.00% |
| Yes Bank Ltd. | 0.00% | 0.00% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,209 Cr | 2.41% | 8.7% | 8.8% | 13.3% |
 Tata Retirement Savings Progressive Plan | ₹2,104 Cr | 2.20% | 10.1% | 6.8% | 10.7% |
 ICICI Prudential Retirement Fund - Pure Equity Plan | ₹2,071 Cr | 2.13% | 4.1% | 9.6% | 15.6% |
 Aditya Birla Sun Life Retirement Fund - The 30s Plan | ₹456 Cr | 2.62% | 14.9% | 12.3% | 13.6% |
 Union Retirement Fund | ₹207 Cr | 2.67% | 5.8% | 6.7% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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.
Fund managers
- Amber SinghaniaMMS Finance (Mumbai University)Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
- Pranay SinhaMr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).
- Ritesh RathodMr. Rathod has done CFA, FRM and MBA in FinancePrior to joining Nippon India Mutual Fund, he has worked with Alchemy Capital and Mutual Fund
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months1.91% absolute | ₹60,000 | ₹61,146 | 1.91% | |
| 1 year−1.84% annualised | ₹1,20,000 | ₹1,18,811 | −0.99% | |
| 3 years10.54% annualised | ₹3,60,000 | ₹4,24,966 | 18.05% | |
| 5 years9.03% annualised | ₹6,00,000 | ₹7,60,516 | 26.75% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Nippon India Retirement Fund - Wealth Creation Scheme?
The NAV of Nippon India Retirement Fund - Wealth Creation Scheme is ₹28.63 as on 9 Nov 2026.
What is the expense ratio of Nippon India Retirement Fund - Wealth Creation Scheme?
The expense ratio of Nippon India Retirement Fund - Wealth Creation Scheme is 2.23% per year.
What is the minimum SIP amount for Nippon India Retirement Fund - Wealth Creation Scheme?
You can start a SIP in Nippon India Retirement Fund - Wealth Creation Scheme with ₹-1 a month.
What returns has Nippon India Retirement Fund - Wealth Creation Scheme given?
Nippon India Retirement Fund - Wealth Creation Scheme has returned 2.1% over 1 year, 3.2% over 3 years and 9.3% over 5 years (annualised).
Is there a lock-in or exit load on Nippon India Retirement Fund - Wealth Creation Scheme?
Lock-in: 5 years. Exit load: Exit load of 1% if redeemed before the age of 60 yrs..
How risky is Nippon India Retirement Fund - Wealth Creation Scheme?
Nippon India Retirement Fund - Wealth Creation Scheme is rated Very High on the SEBI riskometer and belongs to the Retirement Solutions category.
Which fund house manages Nippon India Retirement Fund - Wealth Creation Scheme?
Nippon India Retirement Fund - Wealth Creation Scheme is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹8,03,520 Cr under management.