Scheme Rating
IME Scheme Rating
The Scheme does not meet our selection criteria at this time
Not a Recommended Fund: Varun Goel, former fund manager of the fund recently left (Mar-24) the AMC making past performance irrelevant to current assessment. Churn of senior investment team is a key risk that PMS houses carry where the fund manager does not have stake in the company.
IME Strategy Rating
General Strategy: It is a Multicap Portfolio which aims to deliver superior returns by participating in India growth story through a focussed portfolio of high growth businesses that stand to benefit from economic transformation in India, including the shift in business from unorganised to organised sector.
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 The Indian Economic Transformation
Nippon India Indian Economic Transformation- Investment Strategy
Focus on high growth business that benefit economic transformation in India
Nippon India’s Economic Transformation Portfolio is a multi-cap portfolio that seeks to build a focused portfolio of high-growth businesses that stand to benefit from the economic transformation in India (including the shift from unorganized to organized).
Investment Strategy
There are certain themes followed that lead to ‘Economic transformation’ which are:
- Informal Economy to Formal Economy– these sectors being Jewellery, Building materials, chemicals, digital, auto components
- Unbranded to Branded (premiumization)– Sectors being consumer durable, FMCG, Apparels, Retail
- Financialisation of Savings– SME/MSME lending, Rural lending, Wealth Management, Insurance & Asset Management
- Increasing Discretionary Spending– Consumer Staples, Healthcare & Wellness, Footwear, Hotels
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Nippon The Indian Economic Transformation | 40.6 | 14.2 | 19.5 | 19.3 |
| S&P BSE 500 TRI | 41.1 | 18.4 | 22.4 | 20.4 |
| Alpha over Broad Mkt BM | -0.5 | -4.2 | -2.9 | -1.1 |
| Nifty 50 TRI | 33 | 14.9 | 19 | |
| Alpha over Category BM | 7.6 | -0.7 | 0.5 |
Performance as of: 30-Sep-24 | Inception Date: 22-Oct-18
Fund Managers
Fee Structure
| Fee Structure | Fee |
|---|---|
| Fixed Fee Structure | 2.5 |
| Variable Fee Structures | |
| Exit Fees | 1yr(2%) |
AMC
AMC: (click link for detailed AMC review)
Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.