Overview of Nippon India Vision Mutual Fund
Type or nature of fund
Nippon India Vision is an open-ended equity growth mutual fund scheme
The aim of the Nippon India Vision fund is to provide long-term capital growth to investors
Inception date 8th October 1995 CRISIL rank As of June 2015, CRISIL has ranked Nippon India Vision Fund at rank 4 in Diversified Equity category and has been ranked 5 in the Equity category Plans Regular and Direct Options Dividend and Growth Schemes
Dividend Payout Option
Dividend re-investment option
Entry load NIL Exit load 1% if redeemed before completion of 1 year, NIL if redeemed after completion of 1 year Minimum investment Rs.5000 and then in multiples of Re.1 and Rs.1000 (plus multiples of Re.1) for additional investment SIP
Yes. Following is the break-up for various plans. Minimum investment amount for investing:
- Rs.100/- per month and in multiples of Re. 1/- thereafter for minimum 60 months
- Rs.500/- per month and in multiples of Re. 1/- thereafter for minimum 12 months
- Rs.1000/- per month and in multiples of Re. 1/- thereafter for minimum 6 months
- Rs.500/- per quarter and in multiples of Re. 1/- thereafter for minimum 12 quarters
- Rs.1500/- per quarter and in multiples of Re. 1/- thereafter 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, Suitable for investors who are looking for long-term capital appreciation Benchmark (about the benchmark) S&P BSE 100 Index, SWP Yes STP Yes Redemption Nippon India Vision Mutual Fund dispatches redemption proceeds within 10 working days after receiving a valid redemption request from customer. Fund provider is required to pay a penal rate of interest of 15% per annum as prescribed by SEBI if the redemption is not processed within the stipulated time frame Taxation Based on nature of income and type of fund taxation will differ for different investors. For specific taxation guidelines, it is best to consult a financial adviser
Ashwani Kumar is the fund manager for Nippon India Vision Fund. Other mutual fund schemes managed by him are Nippon India Top 200 Fund and Nippon India Tax Saver (ELSS) Fund. Mr. Kumar has over 18 years of experience in the financial domain and has been a fund manager since 2003. 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 holds an MBA degree in finance from the renowned Indian Institute of Management, Bangalore.
Investment philosophy or strategy
The investment strategy of Nippon India Vision Fund can be summed up in the following few points
- Nippon India Vision Fund is a large cap fund which has around 70% investment in large cap funds
- It is due to these large cap funds itself that this mutual fund has higher liquidity and stability
- Sector based investment is done by Nippon India Vision Fund based on the macro-level understanding of various sectors
- Stocks that the Nippon India Vision portfolio is invested in, are highly attractive with the potential to provide great returns in the next 1-1.5 years
- Due to its growth oriented strategy and solid backing by fund managers, Nippon India Vision fund endeavors to perform well in the stock market
Portfolio – Sector / Top 10 holdings
Name Sector Class Allocation (%) Infosys Ltd IT Equity 8.97 TVS Motor Company Auto Equity 8.88 Larsen & Toubro Ltd Diversified Equity 7.44 State Bank of India Financial Equity 5.85 ICICI Bank Financial Equity 5.21 Tata Steel Ltd. Ferrous Metals Equity 4.64 Maruti Suzuki India Ltd. Auto Equity 4.53 Siemens Ltd. Telecom Equity 4.25 Tata Motors Auto Equity 3.78 BEML Ltd. Auto Ancillaries Equity 3.64
Risk measures –
The risk measures listed below have been calculated by taking rolling return for a 3 year period from 31/07/2012 with 7.40% Risk Free returns (taken as 91days T-bill yield as on 31/07/2015).
Sharpe Ratio 0.12 Alpha NA Beta 1.02 Standard Deviation 2.53
AUM Rs.3,552.91 Crores NAV Rs.435.4157 (Direct Growth Plan Growth Option) as of 31st August, 2015 Returns Returns mention for each past year Expenses, expense ratio Up to 2.5%
Following is the benchmark comparison for Nippon India Vision Fund as per data from May, 2015.
|Compounded Annualised Returns||Scheme Returns %||Benchmark Returns %|
|Returns for the last 1 year||30.07||16.46|
|Returns for the last 3 years||22.99||19.97|
|Returns for the last 5 years||12.24||10.41|
|Returns since inception (Inception date October 08, 1995)||21.27||11.83|
Absolute Returns for each financial year for the last 5 years
Expert view of the fund
Nippon India Vision mutual fund is an investment tool invested in large cap funds. While the scheme may not sound exciting to short-term investors, those looking for long-term financial goals can rely on this mutual fund to pay substantial returns. This fund is ideal for investors who are looking to grow and save their money for future. Long-term purposes like child's education, wedding and so on. The fund manager Ashwani Kumar has been doing well to invest the fund capital into large cap stocks that come with the assurance of capital appreciation. A lot about the Nippon India Vision fund depends upon market movement since it is a pure equity-based fund, however, the choice of stocks also plays a major part. The fund has been doing well for the past few years and is expected to hold on to its reputation of offering investors, sizable returns.
How to apply for Nippon India Vision Mutual Fund
Nippon India Vision mutual fund can be obtained by visiting any of the Nippon India mutual fund offices and filling out the application form. Alternatively, request can be placed via online channels like the official Nippon India website, the mobile app of the company, the mobile website of Nippon India mutual funds or even by sending SMS to the company. Services of an adviser can be called for, who performs the job of making you aware about all the pros and cons of the mutual fund scheme and guides you through the entire application process.
GST rate of 18% applicable for all financial services effective July 1, 2017.