Nippon India Mutual Fund stress test shows that for Nippon India Small Cap Fund, the largest scheme in the smallcap category based on assets managed, the number of days required to liquidate 50% and 25% portfolio is 27 days and 13 days respectively.
The number of days that will be required to liquidate 50% and 25% of the portfolio for Nippon India Growth Fund is seven and four days respectively.
The stress test result by the fund house indicates that the trailing 12-month PE ratio for the smallcap fund benchmark is 26.96 which is above the one-year level and near to two-year level. For the midcap fund benchmark, the trailing 12-month PE ratio is near to its trailing 12 month PE one year ago and two year ago level.
The total percentage of AUM held by top 10 investors in mid cap scheme is 1.54%, whereas for small cap scheme is 0.91%.
According to the volatility measures, the portfolio annualised standard deviation for Nippon India Small Cap Fund is 4.14 against 5.07 for the benchmark. For Nippon India Growth Fund, the portfolio annualised standard deviation is 4.03 against 4.24 for the benchmark.
Annualised standard deviation provides insights on the historical volatility of that investment.
The portfolio beta for Nippon India Small Cap Fund is 0.76 and for Nippon India Growth Fund is 0.88.
In the case of mutual funds, portfolio beta over one indicates higher sensitivity to market volatility and beta lower than 1 indicates less sensitive reaction to market volatility.
Nippon India Small Cap Fund is the largest scheme in the small cap category based on assets managed. The scheme manages assets of Rs 46,044.13 crore as on February 29, 2024. Nippon India Growth Fund manages assets of Rs 24,480.78 crore.
Nippon India Small Cap Fund holds 13.46% in large cap, 14.65% in mid cap, 67.49% in small cap, and 4.40% in cash. Nippon India Growth Fund holds 18.40% in large cap, 66.71% in mid cap, 13.53% in small cap, and 1.36% in cash.
