Nippon India Top 200 Fund

Overview of Nippon India Top 200 Fund

Nippon India Top 200 Fund is an equity linked, moderately high risk fund that invests in companies across all small, mid and large caps. The aim is to generate long term capital growth for investors and also to balance out the risk associated with the fund. The fund aims to generate alpha while owning the best of the BSE sensex stocks.

1. Type or nature of fundNippon India Top 200 Fund is an open-ended diversified equity scheme
2. Investment objectiveNippon India Top 200 Fund is primarily focused in generating long-term capital appreciation via investments in equity and equity related securities of companies who's market capitalization is between the highest and the lowest market capitalization of S&P BSE 200 Index. The scheme also invests in debt instruments and money market instruments in order to generate consistent returns and mitigate the overall risk associated with the fund.
3. Fund InformationInception date•9th August 2007CRISIL rank•NAOptionsDividend, Growth and BonusSchemesNippon India Top 200 Fund - Direct Plan (D)Nippon India Top 200 Fund - Direct Plan (G)Nippon India Top 200 Fund - Direct Plan (B)Nippon India Top 200 Fund - Retail Plan (D)Nippon India Top 200 Fund - Retail Plan (G)Nippon India Top 200 Fund - Retail Plan (B)Nippon India Top 200 Fund - Institutional Plan (D)Nippon India Top 200 Fund - Institutional Plan (G)Nippon India Top 200 Fund - Institutional Plan (B)Entry loadNAExit load1% if redeemed before completion of 1 year of availing the fund and nil if redeemed after completion of 1 year from the date of allocation of unitsMinimum investmentRs.5000 and in multiples of Re.1, thereafter.SIPYes. Following is the break-up for minimum amount applicable for Nippon India Tax Saver Mutual Fund SIP -Product label - Risk and target investorsModerately high risk. Best suited for investors who are looking for long term capital growth and who are looking to achieve this goal via investment in equity and equity related securitiesBenchmarkS&P BSE 200 IndexSWPYes, AvailableSTPYes, AvailableRedemptionRedemption of units for Nippon India Top 200 Fund is done based on request furnished by customers. The request has a processing period of 10 days within which the units should be redeemed and transferred to you. However, usually the proceeds take between 3-4 days on an averageTaxationTaxation process for mutual funds is dependant upon the type of scheme availed. Customers are advised to consult their tax consultants for the exact taxation mechanism of their mutual fund scheme
   1. Rs.100/- per month and then in multiples of Re.1/- for minimum 60 months
   2. Rs.500/- per month and then in multiples of Re.1/- for minimum 12 months
   3. Rs.1000/- per month and then in multiples of Re.1/- for minimum 6 months
   4. Rs.500/- per quarter and then in multiples of Re.1/- for minimum 12 quarters
   5. Rs.1500/- per quarter and then in multiples of Re.1/- for minimum 4 quarters
   6. Rs. 5000/- per year and in multiples of Rs. 500/- thereafter for minimum 2 years
4. Fund manager
5. Saliesh Raj BhanSailesh Raj Bhan is the fund manager for Nippon India Top 200 Fund. Sailesh is said to be the first fund manager to realize the hidden profitability in stocks of the retail sector and to have invested in the same. Sailesh is known for his acumen to spot and invest in stocks that are typically lesser known but have huge growth potential. He has a CFA certification to his name and has worked with companies like Shah and Sequeira Investment Ltd. He has over 19 years of experience in the field of equity research and fund management.Apart from Nippon India Top 200 Fund, Sailesh is Fund Manager to the following funds too.
   1. Nippon India Pharma Fund
   2. Nippon India Equity Opportunities Fund
   3. Nippon India Media and Entertainment Fund
6. Ashwani KumarAshwani Kumar is the fund manager for Nippon India Top 200 Fund. Before joining Nippon India as Fund Manager, he was a Senior Research Analyst at Zurich Asset Management Co. India Pvt. Ltd. Where he managed and tracked the automobile, metals and engineering sectors.Mr. Kumar has over 18 years of experience in the financial domain and has been a fund manager since 2003. Mr. Kumar holds an MBA degree in finance from the renowned Indian Institute of Management, Bangalore.Other mutual fund schemes managed by him are
   1. Nippon India Vision Fund
   2. Nippon India Tax Saver (ELSS) Fund.
7. Investment philosophy or strategyNippon India Top 200 Fund is based on the following investment strategy and philosophy.
   1. Aimed at investing in stocks that lie within the range of lowest and highest market capitalization of S&P BSE 200 Index
   2. Invests in large cap stocks also to yield stability to the fund
   3. Aims to invest in current and potential market leaders in order to boost growth
   4. Focused at investment in companies that offer higher return and that have a reasonable valuation
   5. In order to generate more cash flow, the fund invests in large cap companies that have established management models
8. Portfolio - Sector / Top holdingsListed below are the top ten stock holdings of Nippon India Top 200 Fund.HOLDINGALLOCATION(%)SECTORTYPEHDFC Bank Ltd.6.93%BankingEquityTata Motors Ltd.5.01%AutoEquityICICI Bank Ltd.5.00%BankingEquityMaruti Suzuki India Ltd.4.94%AutoEquityL & T Ltd.4.50%ConstructionEquityInfosys Ltd.4.26%ITEquityHCL Tech. Ltd.4.25%ITEquityAxis Bank Ltd.4.03%BankingEquityDivi's Labs Ltd.3.83%PharmaEquity
9. Fund Performance•AUMRs. 39.48 crores•NAVRs. 18.156•Portfolio Turnover Ratio0.65%•Sharpe Ratio0.15%

Benchmark and Returns Comparison

Following is the benchmark comparison for Nippon India Top 200 Fund as per data from May 29th, 2015.