October 1, 2022
mayank
Nippon India Multi Asset Allocation Fund
NAV Growth: Rs 13.2397
NAV IDCW: Rs 13.2397
Suitable For Which Investors?
“Multi Asset Allocation funds invest your money in a mix of equity shares, bonds and commodities (usually gold) such that each has at least 10 per cent allocation at all times.
We don’t think highly of gold or other commodities as an investment. Therefore, we believe that investors can avoid these funds altogether. Instead, they might consider other varieties of hybrid funds — aggressive hybrid, balanced hybrid and conservative hybrid — which invest your money in equity shares and bonds in different proportions. You can choose from these depending upon your investment horizon, return expectations and ability to withstand volatility in the value of your investments.”
Fund’s Investment Strategy:
The scheme seeks long term capital growth by investing in equity and equity related securities, debt & money market instruments and Exchange Traded Commodity Derivatives and Gold ETF as permitted by SEBI from time to time.
Fund Manager:
1) Manish Gunwani
Education: Mr. Gunwani is a B.Tech. and PGDM.
Experience: Prior to joining Nippon India Mutual Fund, he has worked with ICICI Prudential Mutual Fund as Fund Manager and as Analyst in various organisations: Vicisoft Technologies, Lehman Brothers, Brics Securities , Lucky Securities, SSKI Securities and Prime Securities.
2) Ashutosh Bhargava
Education: Mr. Bhargava is B.Com & MBA (Finance)
Experience: Prior to joining Nippon India Mutual Fund he has worked with Reliance Capital Ltd and JP Morgan India Service Pvt. Ltd.
3) Tejas Sheth
Education: Mr. Sheth has done PG Diploma in Managemaent.
Experience: Prior to joining Nippon India Mutual Fund he has worked with Emkay Global Financial Services Ltd., Fortune Financial Pvt. Ltd. and Darashaw & Co. Pvt. Ltd.
4) Sushil Budhia
Education: Mr. Budhia has done CA
Experience: Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.
5) Vikram Dhawan
Education: Mr Dhawan has done B.E (Mechanical) and PGD Material Management.
Experience Prior to joining Nippon India Mutual Fund he has worked with Nippon Life India AIF Management Limited, Reliance Capital Limited, Gold Matrix Pte, Vedanta Group, Zee Gold Refinery (Shirpur Gold Refinery), N.M. Rothschild & Sons., Bank of Nova Scotia, Birla Copper (Hindalco) and Synthetics & Chemicals Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 27-Aug-20 |
| Return Since Launch | 14.35% |
| Benchmark | S&P BSE 500 TRI (50), MSCI World (20), CRISIL Short-Term Bond Index (15), Domestic Price of Gold Index (15) |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,147 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.24% |
| (As on 31-Aug-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 86.00% |
Nippon India Multi Asset Allocation Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Multi Asset Allocation Dir | -1.37 | 0.49 | -3.26 | 3.67 | -2.5 | 1.14 | — | — | — | — |
| VR Balanced TRI | -1.53 | -0.2 | -4.66 | 6.29 | -2.3 | -2.57 | — | — | — | — |
| Hybrid: Multi Asset Allocation | 1.41 | 0.77 | -1.31 | 6.25 | 0.46 | 3.15 | — | — | — | — |
| Rank within category | 15 | 17 | 19 | 17 | 18 | 14 | — | — | — | — |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 12 | 8 | 8 | 1 |
Nippon India Multi Asset Allocation Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Nippon Ind Multi Asset Allocation Dir | Unrated | 1.14 | — | — | 0.24 | 1,147 | 14.35 | 1.00 (365) | 2yrs 1mo | 86.00 |
| ICICI Pru Multi Asset Dir | 4 star | 10.47 | 20.08 | 14.07 | 1.19 | 14,227 | 15.60 | 1.00 (365) | 9yrs 9mo | 46.00 |
| HDFC Multi Asset Dir | 4 star | 3.82 | 15.67 | 10.86 | 0.89 | 1,595 | 10.73 | 1.00 (365) | 9yrs 9mo | 25.65 |
| SBI Multi Asset Allocation Dir | 4 star | 4.52 | 11.79 | 9.85 | 0.87 | 588 | 10.87 | 1.00 (365) | 9yrs 9mo | — |
| HDFC Asset Allocator FoF Dir | Unrated | 5.67 | — | — | 0.09 | 2,288 | 13.31 | 1.00 (365) | 1yrs 4mo | — |
Portfolio Analysis
| No. of Stocks | 39 |
| Top 10 Holdings | 54.34% |
| Top 5 Stocks | 41.67% |
| Top 3 Sectors | 31.34% |
| Portfolio P/B Ratio | 3.37 |
| Portfolio P/E Ratio | 21.93 |
| Avg Credit Rating | AAA |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,92,488 | 1,67,715 |
| Giant (%) | 57.27 | 52.06 |
| Large (%) | 21.45 | 20.23 |
| Mid (%) | 21.28 | 20.64 |
| Small (%) | — | 7.77 |
| Tiny (%) | — | 0.06 |
| Fund | Category | |
| Number of Securities | 49 | 38 |
| Modified Duration (yrs) | 1.98 | 1.50 |
| Average Maturity (yrs) | 2.33 | 2.21 |
| Yield to Maturity (%) | 6.54 | 5.91 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Nippon India Multi Asset Allocation Fund
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