Nippon India Diversified Power sector Fund

Nippon India Diversified Power Sector Fund is a mutual fund scheme that is invested in equity of companies that deal with the power sector. The scheme is ideal for customers who are looking for long term capital growth. Nippon India Diversified Power Sector mutual fund offers internal scheme switch to customers in case they are not fully satisfied with the terms and conditions of the scheme.

1. Type or nature of fundNippon India Diversified Power Sector Fund is an open-ended power sector mutual fund scheme
2. Investment objectiveNippon India Diversified Power Sector Fund is mainly aimed at investing in stocks of companies that are in the power sector. The scheme aspires to generate long-term capital by investing in equity and equity related instruments of such companies.
3. Fund InformationInception date10^th May 2004CRISIL rankRanked 5 in Thematic Infrastructure FundsPlansDirect, Retail and Institutional Plans in variants Growth and BonusSchemesThe Scheme offers following Plans / Options:Entry loadNILExit load1% if redeemed before completion of 1 year, NIL if redeemed after completion of 1 year from date of allotment of fund unitsMinimum investmentRs.5000 and then in multiples of Re.1 for customers who avail Nippon India Diversified Power Sector mutual fund schemeSIPSip investment option is available for Nippon India Diversified Power Sector Fund. Following is the SIP amount break-up.Minimum investment amount for investing: is-Product label - Risk and target investorsHigh, Nippon India Diversified Power Sector Fund is most suitable for customers who are looking for long-term capital growth and for those who have a greater risk-appetiteBenchmarkS&P BSE Power IndexSWPYes, AvailableSTPYes, AvailableRedemptionRedemption of Nippon India Diversified Power Sector Fund units will be done by the fund provider on a legitimate request by customers. The redemption will be done within 10 days from the request and is generally processed in 3-4 days.TaxationTaxation process for Nippon India Diversified Power Sector Fund depends upon the type of fund and the period of the fund scheme. However, customers are advised to figure out the exact tax details in consultation with a professional tax advisor.
   1. Rs.100/- per month then in multiples of Re. 1/- for minimum 60 months
   2. Rs.500/- per month then in multiples of Re. 1/- for minimum 12 months
   3. Rs.1000/- per month then in multiples of Re. 1/- for minimum 6 months
   4. Rs.500/- per quarter then in multiples of Re. 1/- for minimum 12 quarters
   5. Rs.1500/- per quarter then in multiples of Re. 1/- for minimum 4 quarters
   6. Rs. 5000/- per year then in multiples of Rs. 500/- for minimum 2 years
4. Fund manager
   1. Following are the Fund Managers who look into the Nippon India Diversified Power Sector fund.
   2. Sunil SinghaniaHe is a graduate from Narsee Monjee College, Mumbai after which he completed CFA course, USA as well as ICAI for Chartered Accountancy. He also secured an all India rank in the CA course. Mr. Sunil Singhania has been in the business of tracking and managing equity investments for the past 20 years. He endeavors to offer customers mutual funds that are not only smart investment choices but also offer substantial risk-adjusted returns.
   3. Jahnvee ShahJahnvee Shah is Fund Manager of Nippon India Equity Opportunities for overseas investmnets. She too holds an MBA in finance and Bachelor of Science degrees. Prior to acting as Fund Manager for this mutual fund scheme, Jahnvee was into Capital Asset Management at Nippon India. Before this she was an Assistant Editor at Financial Express.
5. Investment philosophy or strategyThe investment philosophy and strategy which Nippon India Diversified Power Sector fund functions
   1. Focused on investing in companies pertaining to the power sector
   2. Sufficient diversification of stock holdings in order to ensure risk mitigation and market capitalization
   3. Focused on creation of long term risk-adjusted capital
   4. Since the demand in the power sector is huge, the sector continues to grow and offer returns
6. Portfolio - Sector / Top 10 holdingsGiven below is the break-up of share holdings of the Nippon India Diversified Power Sector Fund.NameSectorClassAllocation %KEC INTERNATIONAL LTDPower SectorEquity6.01LARSEN & TOUBRO LTDPower SectorEquity5.94CUMMINS INDIA LTDPower SectorEquity5.52ALSTOM T&D INDIA LTDPower SectorEquity5.2ALSTOM INDIA LTDPower SectorEquity5.06IDFC LTD.Power SectorEquity4.74THERMAX LTDPower SectorEquity4.47STERLITE TECHNOLOGIES LTDPower SectorEquity4.21CROMPTON GREAVES LTDPower SectorEquity4.18KSB PUMPS LTDPower SectorEquity4.1
7. Risk measuresThe risk measures listed below have been calculated by taking rolling return for a 3 year period from 31/08/2012 to 31/08/2015Sharpe Ratio0.05AlphaNABetaNAPortfolio Turnover Ratio0.3
8. Fund PerformanceAUMRs.1927.72 CroresNAVRs.70.89 as of 4^th September, 2015Expenses, expense ratio1.75%

Benchmark Comparison

Following is the benchmark comparison for Nippon India Diversified Power Sector Fund as per data from May 29th, 2015.