Nippon India Vision Fund

Overview of Nippon India Vision Mutual Fund

1. Type or nature of fundNippon India Vision is an open-ended equity growth mutual fund scheme
2. Investment objectiveThe aim of the Nippon India Vision fund is to provide long-term capital growth to investors
3. Fund InformationInception date8th October 1995CRISIL rankAs 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 categoryPlansRegular and DirectOptionsDividend and GrowthSchemesGrowth OptionDividend Payout OptionDividend re-investment optionEntry loadNILExit load1% if redeemed before completion of 1 year, NIL if redeemed after completion of 1 yearMinimum investmentRs.5000 and then in multiples of Re.1 and Rs.1000 (plus multiples of Re.1) for additional investmentSIPYes. Following is the break-up for various plans. Minimum investment amount for investing:Product label - Risk and target investorsModerately High, Suitable for investors who are looking for long-term capital appreciationBenchmark (about the benchmark)S&P BSE 100 Index,SWPYesSTPYesRedemptionNippon 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 frameTaxationBased 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
   1. Rs.100/- per month and in multiples of Re. 1/- thereafter for minimum 60 months
   2. Rs.500/- per month and in multiples of Re. 1/- thereafter for minimum 12 months
   3. Rs.1000/- per month and in multiples of Re. 1/- thereafter for minimum 6 months
   4. Rs.500/- per quarter and in multiples of Re. 1/- thereafter for minimum 12 quarters
   5. Rs.1500/- per quarter and in multiples of Re. 1/- thereafter for minimum 4 quarters
   6. Rs. 5000/- per year and in multiples of Rs. 500/- thereafter for minimum 2 years
4. Fund managerAshwani 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.
5. Investment philosophy or strategyThe investment strategy of Nippon India Vision Fund can be summed up in the following few points
   1. Nippon India Vision Fund is a large cap fund which has around 70% investment in large cap funds
   2. It is due to these large cap funds itself that this mutual fund has higher liquidity and stability
   3. Sector based investment is done by Nippon India Vision Fund based on the macro-level understanding of various sectors
   4. 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
   5. Due to its growth oriented strategy and solid backing by fund managers, Nippon India Vision fund endeavors to perform well in the stock market
6. Portfolio - Sector / Top 10 holdingsNameSectorClassAllocation (%)Infosys LtdITEquity8.97TVS Motor CompanyAutoEquity8.88Larsen & Toubro LtdDiversifiedEquity7.44State Bank of IndiaFinancialEquity5.85ICICI BankFinancialEquity5.21Tata Steel Ltd.Ferrous MetalsEquity4.64Maruti Suzuki India Ltd.AutoEquity4.53Siemens Ltd.TelecomEquity4.25Tata MotorsAutoEquity3.78BEML Ltd.Auto AncillariesEquity3.64
7. 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 Ratio0.12AlphaNABeta1.02Standard Deviation2.53
8. Fund PerformanceAUMRs.3,552.91 CroresNAVRs.435.4157 (Direct Growth Plan Growth Option) as of 31st August, 2015ReturnsReturns mention for each past yearExpenses, expense ratioUp to 2.5%

Benchmark Comparison

Following is the benchmark comparison for Nippon India Vision Fund as per data from May, 2015.