AIF · Hybrid · CAT III - LONG SHORT - CONSERVATIVE
Nuvama Multi Asset Strategy Return Fund (NARS+)
Fund size₹969 Cr
IRRSince inception12.90%
1Y return8.47%
Fund age2 yrs 2 mo
Fund Managers
Nikhil Ranka
Nikhil Ranka
Fund Manager, AIF, NUVAMA
Mr Nikhil Ranka has over 15 years of investment management experience spanning portfolio management, research and Derivatives trading. Prior to Joining the Investment Manager he was part of the core Equity investment team at Reliance Industries Treasury managing approx USD 1billion portfolio. He has worked as a Research analyst for over 5 years at Lloyd George Management, a Hong Kong based boutique investment management firm with over USD 1.5 billion exposure to India covering oil & gas, capital goods and telecom sector. He has also worked with ICICI securities and Kotak Securities. He holds an MBA degree specializing in finance from Jamnalal Bajaj Institute of Management Studies, Mumbai and has completed his graduation from UICT (Mumbai) with a Bachelor’s degree in chemical engineering.
Managing AUM₹2,797 Cr
Ajay Vora
Ajay Vora
Fund Manager, PMS, NUVAMA
Mr. Ajay Vora has over a 15 years of investment management experience specialising in long only and long short equity strategies consistently generating alpha returns. Prior to joining Investment Manager he was heading Equity Investment team at Reliance Industries’ Treasury managing approx. USD $1 billion portfolio. With the help of an efficient team he managed to scale the portfolio from USD $200 million to USD $1 billion over 5 years. He started his career at Morgan Stanley as a materials sector analyst and then moved to ENAM Asset Management Company Private Limited (ENAM AMC). Over 6 years at ENAM AMC he managed to graduate from an analyst to Head of Research of fund with AUM of USD $1 billion. He was instrumental and part of core team to have managed to raise institutional money at ENAM AMC.
Managing AUM₹2,979 Cr
Growth of₹Cr
Nuvama Multi Asset Strategy Return Fund (NARS+)
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Nuvama Multi Asset Strategy Return Fund (NARS+)2.66%8.47%12.12%——12.90%
Nifty 500−1.07%1.95%−0.66%10.66%11.02%—
Excess over benchmark3.73%6.52%12.78%———
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Jul 2026.
Risk : What you take on to earn the return
Volatility
10.49%
Benchmark approx 16.04%
A standard deviation reflecting historical swings.
Sensitivity
0.57
Beta vs benchmark 1.00 · 43% less reactive
How strongly the scheme moves with the index.
Risk-reward
0.31
Sharpe
Excess return gained per unit of volatility.
How far below its previous high it fell
Over the trailing 1Y window the scheme fell −7.64%, and recovered on 30 Jun 2026.
Max drawdowns
−7.64%
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme––−7.64%–30 Jun 2026–
Benchmark31 Jul 202530 Mar 2026−14.69%242 days––
Scheme
Peak–
Trough–
Depth−7.64%
Fell over–
Recovered30 Jun 2026
Recovery took–
Benchmark
Peak31 Jul 2025
Trough30 Mar 2026
Depth−14.69%
Fell over242 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 1Y window · As on 31 Jul 2026
Portfolio Details : Where the money actually sits
Asset class
Hybrid
Top 5 holdings
India Cements Ltd10.00%
Orient Cement Ltd10.00%
COMMODITIES5.00%
Cemindia Projects Ltd4.00%
Kotak Mahindra Bank Ltd4.00%
Fees
A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 4.33% gross return.
FixedPlan A · Simple
Fixed Management Fee1.90% / yr
Performance FeeNone
Hurdle RateNot applicable
VariablePlan B · Shared upside
Fixed Management Fee1.25% / yr
Performance Fee15% of profit
Hurdle RateNot applicable
No exit load. Lock-in: Nil.
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