August 17, 2024
mayank
Nippon India Nifty 500 Equal Weight Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Nippon India Nifty 500 Equal Weight Index Fund Open Date, Close Date?
NFO opens on August 21, 2024
NFO will close on September 04, 2024
What is the Investment Strategy?
The scheme seeks to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Equal Weight Index before expenses, subject to tracking errors.
Basic Details
| Fund House | Nippon India Mutual Fund |
| Issue Open | 21 August 2024 |
| Issue Close | 04 September 2024 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty 500 Equal Weight TRI |
What is the Benchmark Index of Nippon India Nifty 500 Equal Weight?
Nifty500 Equal Weight Index represents an alternative weighting strategy to its market capitalization-based parent index, the Nifty 500 Index. The index includes the same companies as its parent index, however, weighted equally.
Nifty500 Equal Weight Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty500 Equal Weight Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.18 | 28.77 | 55.83 | 29.45 | 15.01 |
| Total Return | 4.28 | 29.19 | 56.80 | 30.64 | 16.54 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 16.86 | 19.09 | 20.96 |
| Beta (NIFTY 50) | 1.01 | 0.83 | 0.81 |
| Correlation (NIFTY 50) | 0.76 | 0.83 | 0.83 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 33.93 | 4.69 | 0.84 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| India Cements Ltd. | 0.30 |
| Rail Vikas Nigam Ltd. | 0.28 |
| Suven Pharmaceuticals Ltd. | 0.26 |
| Deepak Fertilisers & Petrochemicals Corp. Ltd. | 0.26 |
| 360 ONE WAM Ltd. | 0.26 |
| MMTC Ltd. | 0.25 |
| Kalyan Jewellers India Ltd. | 0.25 |
| Mazagoan Dock Shipbuilders Ltd. | 00.25 |
| Alembic Pharmaceuticals Ltd. | 00.25 |
| Suzlon Energy Ltd. | 0.24 |
Performance Review of the Fund Manager of Nippon India Nifty 500 Equal Weight Index?
1) Himanshu Mange
Education: Mr. Mange has done B.Com and CA
Experience: Prior to joining Nippon India MF, he has worked with Tata AIA Life Insurance, Pipalia Singhal & Associates, Felix Solutions, Lodha Group and N.B.Gandhi & Co.
Past Performance of his Schemes
| Fund | CPSE ETF | It’s Benchmark | Nippon India ETF BSE Sensex | It’s Benchmark |
| 1 Year | 113.48 | 94.45 | 24.24 | 32.59 |
| 3 Year | 57.67 | 46.52 | 14.51 | 17.24 |
| 5 Year | 34.72 | 32.04 | 17.85 | 20.01 |
| 7 Year | 21.03 | 18.52 | 15.46 | 15.68 |
| 10 Year | 15.27 | 14.47 | — | — |
As on 17-08-2024
Which Company Owns Nippon India Nifty 500 Equal Weight?
Nippon Life India Asset Management Ltd.
Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400013
Website: https://mf.nipponindiaim.com/
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Nippon India Nifty 500 Equal Weight NFO?
Guidance for Nippon India Nifty 500 Equal Weight Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Nippon India Nifty 500 Equal Weight Index Fund is similar to the DSP Nifty Top 10 Equal
Weight Index Fund. But while the DSP Fund will have 10 stocks, the one launched by Nippon India will have 500!! The Nippon India Nifty 500 Equal Weight Index Fund is based on the Nifty500 Equal Weight Index, which represents an alternative weighting strategy to its market capitalization-based parent index, the Nifty 500 Index. The index includes the same companies as its parent index, however, weighted equally.
Meaning thereby, that it will have all the 500 Nifty stocks but with equal weightage. The one year return generated by this Index is 55%, 5 year CAGR return generated is 29.45% and return since launch is 15%.
However, we believe that in the longer run, it would be better to invest in a Fund which does not have such a large number of companies in its portfolio.
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