Rating : ★ ★ ★ ☆ ☆

Nippon India Focused Equity Fund Direct Plan Dividend Payout Option

Equity

  

Focused Fund

NAV

21.6346-0.6944

(as on 21 Sep, 2020)

RETURNS

-0.75 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Investment Plan

1%

Benchmark

S&P BSE 500 India TR INR

Asset Size

3923.20 Cr.

(As of 31 Aug, 2020)

Risk

Moderately High

Objective

The primary investment objective of the scheme is to generate long-term capital growth by predominantly investing in an active and concentrated portfolio of equity & equity related instruments up to 30 companies across market capitalization. The secondary objective of the scheme is to generate consistent returns by investing in debt, money market securities, REITs and InvITs. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

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Fund manager

Vinay Sharma

Exit load

1 %

(If redeemed within 365 days)

Minimum sip

₹500

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

HDFC Bank Ltd

7.91%

ICICI Bank Ltd

6.51%

State Bank of India

6.37%

Infosys Ltd

5.95%

Sector Allocation

About the Scheme Type

Focused Funds have shares in limited number of companies (typically less than thirty companies) as well as in limited number of sectors (typically less than 3 sectors). Now, the reason why mutual funds are so popular is because of diversification only, but while that may be a good things when it comes to investments, too much diversification might also result in nominal returns. Hence, a Focused Fund, because of itsfocused approach on a few units can deliver market beating returns, the less diversification can also mean more exposure torisks.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of Reliance Nippon Life Asset Management Ltd

With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores​​ ​(January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on​ March 31, 2019​​), Reliance Nippon Life Asset Management Ltd is one of India's leading mutual funds. Reliance Nippon Life Asset Management Ltd is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Reliance Nippon Life Asset Management Ltd constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Vision statement of Reliance Nippon Life Asset Management Ltd - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission statement of Reliance Nippon Life Asset Management Ltd - To create and nurture a world-class, high performance environment aimed at delighting our customers.​

Main objectives of Reliance Nippon Life Asset Management Ltd are

  • To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
  • To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
  • To take such steps as may be necessary from time to time to realise the effects without any limitation