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Nippon India PMS

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

General Indian-focused Strategy: The objective of the Portfolio is to deliver superior returns by participating in India growth story through a focussed Portfolio of high growth emerging businesses that are existing / potential leaders in their field of operations. The Portfolio would endeavour to generate capital appreciation by investing primarily in mid cap and small cap stocks. The Portfolio may also have allocation to cash and Money Market Instruments/funds as an investment tool.

IME Strategy Rating

Not a top recommendation due to being an AMC-driven PMS: Nippon India AMC PMS suffers from the common ailments of large AMC-driven PMS houses (PMS as an add-on instead of a clearly segregated business unit, churn in the investment team, a lack of skin in the game for the CIO and typically loosely defined investment philosophies). While the distribution strengths of the AMC can help the PMS scale and there are benefits of research access, most AMC driven PMS’s cannot compare to strong CIO-cum-founder driven PMS houses.

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

IME View on Nippon India PMS

Type: Flexi Cap | | AUM ( cr) | Inc Date (7.2)

Trailing Performance

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Nippon Emerging India 46 -2.4 44 26.3 6.9 -16.4
S&P BSE 500 TRI 26.6 4.8 30.3 18.3 9 -1.8
Alpha (over Broad Mkt BM) 19.4 -7.2 13.7 8 -2.1 -14.6
Nifty 500 25.8 1.6 31 17.7 8.6 -1.6
Alpha (over Category BM) 20.2 -4 13 8.6 -1.7 -14.8

Fund Managers

Nippon Emerging India

Not a recommended fund: This is not a recommended fund, primarily because the AMC does not meet our selection criteria. We believe that there are better fund houses to invest in, within the Indian mutual fund universe.Not a recommended fund: This is not a recommended fund, primarily because the AMC does not meet our selection criteria. We believe that there are better fund houses to invest in, within the Indian mutual fund universe.General Indian-focused Strategy: The objective of the Portfolio is to deliver superior returns by participating in India growth story through a focussed Portfolio of high growth emerging businesses that are existing / potential leaders in their field of operations. The Portfolio would endeavour to generate capital appreciation by investing primarily in mid cap and small cap stocks. The Portfolio may also have allocation to cash and Money Market Instruments/funds as an investment tool.General Indian-focused Strategy: The objective of the Portfolio is to deliver superior returns by participating in India growth story through a focussed Portfolio of high growth emerging businesses that are existing / potential leaders in their field of operations. The Portfolio would endeavour to generate capital appreciation by investing primarily in mid cap and small cap stocks. The Portfolio may also have allocation to cash and Money Market Instruments/funds as an investment tool.Not a top recommendation due to being an AMC-driven PMS: Nippon India AMC PMS suffers from the common ailments of large AMC-driven PMS houses (PMS as an add-on instead of a clearly segregated business unit, churn in the investment team, a lack of skin in the game for the CIO and typically loosely defined investment philosophies). While the distribution strengths of the AMC can help the PMS scale and there are benefits of research access, most AMC driven PMS's cannot compare to strong CIO-cum-founder driven PMS houses.Not a top recommendation due to being an AMC-driven PMS: Nippon India AMC PMS suffers from the common ailments of large AMC-driven PMS houses (PMS as an add-on instead of a clearly segregated business unit, churn in the investment team, a lack of skin in the game for the CIO and typically loosely defined investment philosophies). While the distribution strengths of the AMC can help the PMS scale and there are benefits of research access, most AMC driven PMS's cannot compare to strong CIO-cum-founder driven PMS houses.Proned to FM Churn: While Varun Goel has been with the PMS AMC since 2017, the risk of FM/Team churn remains a key concern as with all non-promoter driven investment teams..Proned to FM Churn:mWhile Varun Goel has been with the PMS AMC since 2017, the risk of FM/Team churn remains a key concern as with all non-promoter driven investment teams..Mature Fund: With a 5 year+ track record, the fund has matured and investors should have an ability to guage performance of the fund across market condititions.Mature Fund: With a 5 year+ track record, the fund has matured and investors should have an ability to guage performance of the fund across market condititions.Performance has been strong: The strategy has delivered relatively strong performance compared to the benchmark.Performance has been strong: The strategy has delivered relatively strong performance compared to the benchmark.

AMC

AMC: (click link for detailed AMC review)