Nippon Emerging India

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

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.

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 Emerging India

Type: Flexi Cap | Flexible | AUM (28.9 cr) | Inc Date (7 Apr 2017)

Nippon India Emerging India-Investment Strategy

Focus on emerging companies that are existing/potential leaders in their field

Nippon India’s Emerging India Portfolio is a small-and-mid cap strategy that aims to invest in a concentrated portfolio of high-growth emerging businesses that are existing/potential leaders in their field of operations. 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.

Investment Process

The investment process for Emerging India is driven by: 

  • New Ideation– exploring and evaluating businesses which have potential to scale up. Identifying Under-researched and under-owned stocks that have the potential to generate high returns. 
  • Differentiated Portfolio– Identifying the difference between differentiated portfolio vs traditional investment option on the basis of avg market cap of mid cap MF vs market cap of Emerging India. No. of stock in mid-cap MF vs Emerging India portfolio. 
  • High Quality Portfolio- Creating a high quality portfolio by adhering to their ‘MUST 5’ framework with focus on Sustainable & High ROE, Higher Earnings growth and low debt to equity leverage 

Investment Philosophy 

  • 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.
  • Earnings track record: consistent performance across business cycles on revenue, EBITDA, PAT growth and profitability ratios.
  • Promoter ownership: having equity dilution, share pledge
  • Capital allocation: unrelated diversification, leverage

Trailing Performance

1yr 3yr 5yr Since Inception
Nippon Emerging India 52.8 23.9 25 16.8
S&P BSE 500 TRI 39.5 19.5 19 15.5
Alpha over Broad Mkt BM 13.3 4.4 6 1.3
Nifty 500 38.4 18.1 17.5
Alpha over Category BM 14.4 5.8 7.5

Performance as of: 28-Feb-23 | Inception Date: 07-Apr-17

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: (click link for detailed AMC review)

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