Nippon India Equity Opportunities Fund

Overview of Nippon India Equity Opportunities Mutual Fund

1. Type or nature of fundNippon India Equity Opportunities mutual fund is an open-ended diversified equity scheme
2. Investment objectiveNippon India Equity Opportunities mutual fund is primarily aimed at generating capital growth and long-term capitalization opportunities by investing in a mix of equity and equity related securities. The secondary objective of this scheme is to generate considerable returns by investing in debt and money market instruments.
3. Fund InformationInception date•31st March 2005CRISIL rank•3 under the diversified equity category of fundsOptionsDividend and GrowthSchemesNippon India Equity Opportunities - Retail Plan (G)Nippon India Equity Opportunities - Retail Plan (B)Nippon India Equity Opportunities - Direct Plan (G)Nippon India Equity Opportunities - Direct Plan (B)Nippon India Equity Opportunities - Institutional PlanEntry loadNILExit load1% if redeemed before completion of 1 year, NIL if redeemed after completion of 1 year from date of allotment of unitsMinimum investmentMinimum investment is Rs.5000 and thereof in multiples of Re.1SIPYes. Following is the break-up for various plans. Minimum investment amount for investing:Product label - Risk and target investorsModerately High, suitable for investors who have a certain risk appetite and are looking forward to a long-term investment planBenchmark (about the benchmark)S&P BSE 100 IndexSWPYes, AvailableSTPYes, AvailableRedemptionAs per SEBI Regulations, the Mutual Fund is supposed to dispatch Redemption proceeds within 10 Working Days of receiving a valid redemption request from customer. A penal interest of 15% per annum or any other prescribed by SEBI will be paid in case the Redemption proceeds are not made within 10 Working Days of the date of receipt of a valid Redemption request. Under normal circumstances, Nippon India Mutual Fund will try to dispatch the redemption cheque within 3-4 working days from the receipt of a valid redemption request.TaxationThere are various types of taxes applicable on mutual fund schemes. This is dependent upon the type of scheme and the kind of funds the scheme is invested in. Customers are advised to get in touch with a professional tax adviser to figure out the exact taxation details for their Nippon India Mutual Fund scheme.
   1. Rs.100/- per month and thereof in multiples of Re. 1/- for minimum 60 months
   2. Rs.500/- per month and thereof in multiples of Re. 1/- for minimum 12 months
   3. Rs.1000/- per month and thereof in multiples of Re. 1/- for minimum 6 months
   4. Rs.500/- per quarter and thereof in multiples of Re. 1/- for minimum 12 quarters
   5. Rs.1500/- per quarter and thereof in multiples of Re. 1/- for minimum 4 quarters
   6. Rs. 5000/- per year and thereof in multiples of Rs. 500/- for minimum 2 years
4. Fund managerFollowing are the two fund managers for the Nippon India Equity opportunities Fund.
   1. Sailesh Raj Bhan
      1. Sailesh is an MBA in finance and has done his CFA course. He has over 12 years of experience in equity research and analysis. Prior to Nippon India Mutual Funds, Sailesh has been with financial companies like Emkay Shares, Shah and Sequeira and ICFAI. Following are the funds managed by Sailesh.
      2. Nippon India Top 200 Fund (Erstwhile Nippon India Equity Advantage Fund)
      3. Nippon India Pharma Fund
      4. Nippon India Media & Entertainment Fund
      5. Nippon India Equity Linked Saving Fund - Series I
      6. Various Series of Nippon India Dual Advantage Fixed Tenure Fund
      7. Nippon India Close ended equity fund
      8. Nippon India Capital Builder Fund - II - Series A, B & C
   2. Jahnvee Shah
      1. Jahnvee 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 strategyNippon India Equity Opportunities Fund is based on the following investment strategy and philosophy.
   1. A multi-cap, dynamic mutual fund that has the capability to invest heavily overnight in one particular sector if conditions arise
   2. Aims to invest in sectors that are expected to grow in future and that are not yet appreciated by markets
   3. Investment in different sectors at different points of time so that better yields are reaped over different points of time
   4. Fund aims to research deeply about sectors which have limited market interest
   5. Investment across small, mid and large cap companies to capitalize on the market situation
   6. Investing in stocks that remain under-valued as well as under-researched
6. Portfolio - Sector / Top 10 holdingsGiven below is the stock names and the sector break-up of stocks that Nippon India Equity Opportunities Fund is holding currently.NameSectorClassAllocation %State Bank of IndiaBankingEquity5.22HDFC Bank Ltd.BankingEquity4.43Divi's Labs Ltd.PharmaceuticalsEquity4.17Cummins India Ltd.Industrial GoodsEquity3.62Tata Motors Ltd.AutoEquity3.26Alstom T&D India Ltd.Industrial Capital GoodsEquity3.21HCL Technologies Ltd.SoftwareEquity3.17Larsen & Toubro Ltd.Construction ProjectEquity3.15Bharat Forge Ltd.Industrial GoodsEquity3.1ICICI Bank Ltd.BankingEquity2.99
7. Risk measures -The risk measures listed below have been calculated by taking rolling return for a 3 year period from 31/08/2012 to 31/08/2015•Sharpe Ratio•0.16•Alpha•NA•Beta•NA•Portfolio Turnover Ratio•0.48
8. Fund Performance•AUM•Rs.11333.68 Crores•NAV•Rs.51.8316 as of 1st September, 2015•Expenses, expense ratio•2.25%

Benchmark Comparison

Following is the benchmark comparison for Nippon India Equity Opportunities Fund as per data from May 29th, 2015.