In fact a point of view (5)
I believe the answer is:
facet
'view' is the definition.
(I've seen this in other clues)
'in fact a point' is the wordplay.
'in' means one lot of letters goes inside another.
'a point' becomes 'e' (compass point).
'fact' going around 'e' is 'FACET'.
'of' acts as a link.
(Other definitions for facet that I've seen before include "Smooth surface of a gem" , "Characteristic" , "Flat surface on a cut gem" , "Distinct feature" , "Aspect or feature of something" .)