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.
- Type or nature of fund
Nippon India Top 200 Fund is an open-ended diversified equity scheme
- Investment objective
Nippon 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.
- Fund Information
Inception date •9th August 2007 CRISIL rank •NA Options Dividend, Growth and Bonus Schemes
Nippon 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 load NA Exit load 1% 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 units Minimum investment Rs.5000 and in multiples of Re.1, thereafter. SIP
Yes. Following is the break-up for minimum amount applicable for Nippon India Tax Saver Mutual Fund SIP -
- Rs.100/- per month and then in multiples of Re.1/- for minimum 60 months
- Rs.500/- per month and then in multiples of Re.1/- for minimum 12 months
- Rs.1000/- per month and then in multiples of Re.1/- for minimum 6 months
- Rs.500/- per quarter and then in multiples of Re.1/- for minimum 12 quarters
- Rs.1500/- per quarter and then in multiples of Re.1/- for minimum 4 quarters
- Rs. 5000/- per year and in multiples of Rs. 500/- thereafter for minimum 2 years
Product label – Risk and target investors Moderately 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 securities Benchmark S&P BSE 200 Index SWP Yes, Available STP Yes, Available Redemption Redemption 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 average Taxation Taxation 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
- Fund manager
- Saliesh Raj Bhan
Sailesh 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.
- Nippon India Pharma Fund
- Nippon India Equity Opportunities Fund
- Nippon India Media and Entertainment Fund
- Ashwani Kumar
Ashwani 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
- Nippon India Vision Fund
- Nippon India Tax Saver (ELSS) Fund.
- Investment philosophy or strategy
Nippon India Top 200 Fund is based on the following investment strategy and philosophy.
- Aimed at investing in stocks that lie within the range of lowest and highest market capitalization of S&P BSE 200 Index
- Invests in large cap stocks also to yield stability to the fund
- Aims to invest in current and potential market leaders in order to boost growth
- Focused at investment in companies that offer higher return and that have a reasonable valuation
- In order to generate more cash flow, the fund invests in large cap companies that have established management models
- Portfolio – Sector / Top holdings
Listed below are the top ten stock holdings of Nippon India Top 200 Fund.
HOLDING ALLOCATION(%) SECTOR TYPE HDFC Bank Ltd. 6.93% Banking Equity Tata Motors Ltd. 5.01% Auto Equity ICICI Bank Ltd. 5.00% Banking Equity Maruti Suzuki India Ltd. 4.94% Auto Equity L & T Ltd. 4.50% Construction Equity Infosys Ltd. 4.26% IT Equity HCL Tech. Ltd. 4.25% IT Equity Axis Bank Ltd. 4.03% Banking Equity Divi's Labs Ltd. 3.83% Pharma Equity
- Fund Performance
•AUM Rs. 39.48 crores •NAV Rs. 18.156 •Portfolio Turnover Ratio 0.65% •Sharpe Ratio 0.15%
Benchmark and Returns Comparison
Following is the benchmark comparison for Nippon India Top 200 Fund as per data from May 29th, 2015.
|Compounded Annualised Returns||Scheme Returns %||Benchmark Returns %|
|Returns for the last 1 year||32.38||19.76|
|Returns for the last 3 years||26.68||20.76|
|Returns for the last 5 years||NA||NA|
|Returns since inception||23.27||16.9|
Absolute Returns are mentioned for 1, 3 and 5 years respectively.
Expert view of the fund
Nippon India Top 200 Fund invests in all kinds of companies from small to mid to large cap stocks. The stocks are aligned with the BSE top 200 funds with respect to market capitalization. Fund managers of this stock are proficient managers in terms of choosing the stock and understanding long-term trends. Exposure to large and mid company stocks is also taken in case a market opportunity arises. The fund is based on intensive research and as such is a good bet for customers who are looking to invest in long-term capital growth and who have a higher risk appetite. The fund is most suitable for creating wealth and lifestyle needs and is not suited for specific financial goals like child's education, child's marriage or home purchase plan.
How to apply for Nippon India Top 200 Fund
You can apply for the Nippon India Top 200 Fund either via online channels like mobile application and website or via offline channel of Nippon India Mutual fund Offices. For the first option, you will need to possess a log in with the Nippon India website. Existing customers can log in to the system using their credentials while new users can generate one and then log in. An online application form then needs to be filled and submitted.
For offline application you will need to visit any of the Nippon India Mutual Fund offices and fill in a physical application form. You then need to submit this form along with other required documents and your application will then be taken forward. Alternatively, before applying you can dial for services of a Nippon India mutual fund expert who can help you choose the best mutual fund scheme and guide you through the whole application process.