Review of Nippon India Nifty Auto Index Fund NFO
November 6, 2024
RA Jainee
Review of Nippon India Nifty Auto Index Fund NFO @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst.
[ A ] Benchmark Performance of NIFTY Auto TRI
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -13.18 | 26.30 | 47.74 | 22.72 | 16.35 |
| Total Return | -13.17 | 27.23 | 48.82 | 24.00 | 17.88 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 17.99 | 23.67 | 23.52 |
| Beta (NIFTY 50) | 0.99 | 1.00 | 0.88 |
| Correlation (NIFTY 50) | 0.74 | 0.80 | 0.81 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 23.11 | 4.82 | 0.93 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Mahindra & Mahindra Ltd. | 22.16 |
| Tata Motors Ltd. | 16.13 |
| Maruti Suzuki India Ltd. | 13.28 |
| Bajaj Auto Ltd. | 9.94 |
| Eicher Motors Ltd. | 6.14 |
| Hero MotoCorp Ltd. | 5.89 |
| TVS Motor Company Ltd. | 5.34 |
| Samvardhana Motherson International Ltd. | 4.60 |
| Bharat Forge Ltd. | 3.27 |
| Bosch Ltd. | 2.77 |
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Himanshu Mange
| Fund | Nippon India ETF BSE Sensex Next 50 | It’s Benchmark | Nippon India ETF Nifty 100 | It’s Benchmark |
| 1 Year | 44.37 | 30.53 | 30.68 | 30.53 |
| 3 Year | 19.60 | 13.43 | 12.14 | 13.43 |
| 5 Year | 21.65 | 17.77 | 16.17 | 17.77 |
| 7 Year | — | — | 13.06 | 14.38 |
| 10 Year | — | — | 12.11 | 13.23 |
As on 6-11-2024
Note on Fund Managers’ performance
[ C ] Conclusion
Considering above two aspects of this NFO, I donot recommend large investment in this NFO. This being NFO of sectoral nature, small investment may be made.