Nippon India Multicap mutual fund scheme has superior risk-return profile; should you invest?
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
By ET Bureau |
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ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
BASIC FACTS DATE OF LAUNCH 28 MARCH 2005 CATEGORY
EQUITY TYPE MULTI CAP AUM* Rs.18,974 crore BENCHMARK NIFTY 500 MULTICAP 50:25:25 TOTAL RETURN INDEX
WHAT IT COSTS NAV** GROWTH OPTION Rs.201.40 IDCW** Rs.50.59
EXPENSE RATIO# (%) 1.72 EXIT LOAD For units in excess of 10% of the investment,1% will be charged for redemption within 365 days. #AS ON 30 JUNE 2023 *AS ON 31 JULY 2023 **AS ON 14 AUGUST 2023
FUND MANAGER ASHUTOSH BHARGAVA/ SAILESH RAJ BHAN (in pic) 1 YEAR, 10 MONTHS /18 YEARS, 4 MONTHS
Should you buy? Following its re-categorisation, this fund (earlier known as Reliance Equity Opportunities) now follows a true-to-label multi-cap approach, with a minimum 25% each in three market-cap segments. It invests in a combination of market leaders, sustainable alpha creators and emerging themes. The fund runs a highly diversified portfolio, with around 100 stocks, and yet takes active sectoral calls. Despite its long history, the fund’s prior track record offers no indication of its capabilities given the shift in mandate since 2018. However, the fund has put on a strong show in the past 2-3 years, emerging as the top performer in its category. While its overall risk-return profile is also superior, it exhibits the highest volatility among peers.
