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Nippon Absolute Freedom

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

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.

IME Strategy Rating

Diversified Flexi-cap Strategy: The strategy aims to generate outsize returns over 3 -5 years, through a portfolio which may predominantly invests in large cap stocks and selectively in quality mid cap, small cap and micro-cap stocks.

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 Absolute Freedom

Type: Large Cap | Flexible | AUM (11.3 cr) | Inc Date (1 Apr 2004)

Nippon India Absolute Freedom- Investment Strategy

Benchmark agnostic concentrated portfolio of high quality businesses

Nippon India Absolute Freedom strategy is a large-cap focused strategy, that allows for some selective inclusion of quality mid, small and micro-cap stocks. The portfolio follows the Nippon India PMS investment philosophy of a benchmark agnostic concentrated portfolio of high-quality stocks that meet their Must 5 framework.

  • Business Potential: Looking for businesses with growth opportunity & sustainable competitive advantage.
  • Corporate Governance: Businesses having a fair treatment for minority shareholder, promoter track record, accounting red flags.
  • Promoter ownership: having equity dilution, share pledge
  • Capital allocation: unrelated diversification, leverage
  • Earnings track record: consistent performance across business cycles on revenue, EBITDA, PAT growth and profitability ratios.

Trailing Performance

1yr 3yr 5yr Since Inception
Nippon Absolute Freedom 48.4 20.7 19.2 15.2
S&P BSE 500 TRI 39.5 19.5 19 16
Alpha over Broad Mkt BM 8.9 1.2 0.2 -0.8
Nifty 50 TRI 28.5 16.2 16.7
Alpha over Category BM 19.9 4.5 2.5

Performance as of: 28-Feb-23 | Inception Date: 01-Apr-04

Fund Managers

Varun Goel | 3-star rated FM

Fund Manager | 17 yrs Experience | 7 yrs at current firm

Past Experience: Motilal PMS (FM), Karvy PMS (Head), KC PMS (FM), Kotak PMS (AVP)

Varun’s experience has been exclusively in managing PMS portfolios, having been a fund manager/analyst at Motilal PMS, Karvy PMS, KC PMS and Kotak PMS. He joined Reliance PMS in Feb-2017.

Fee Structure

Fee StructureFee
Fixed Fee Structure2.5
Variable Fee Structures
Exit Fees1yr(2%)

AMC

AMC: (click link for detailed AMC review)

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