Nippon India Innovation Fund Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 12.63 as on 15-05-2024
About the Fund
Nippon India Innovation Fund Direct Growth is an equity fund. This fund was started on 28 August, 2023. The fund is managed by Vinay Sharma, Kinjal Desai. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Innovation Fund Direct Growth has ₹1455 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Fund Performance
2131 people have invested ₹ 64.7L in Nippon India Innovation Fund Direct Growth in the last three months
Overview
 | 0.81% |
 Benchmark | IISL Nifty 500 TR INR |
 | ₹1455 Cr |
 | 28 August, 2023 |
 | ₹500/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0% |
Nippon India Innovation Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
44.5%
Mid cap
35.5%
Small cap
15.9%
Sector Allocation
Consumer Cyclical
28.2%
Financial Services
20.6%
Industrial
19.5%
Health
8.2%
Consumer Defensive
7.6%
Communication
7.6%
Tech
6.8%
Basic Materials
1.6%
Top Holdings of Nippon India Innovation Fund Direct Growth as on (30-Apr-24)
Equity Holdings38
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Tejas Networks Ltd | 55.9% |
 Honeywell Automation India Ltd | 7.8% |
 United Breweries Ltd | 3.6% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 4.69% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
- This fund outperformed Nifty 500 by 2.23% in Apr'24
AUM Change
- AUM of the fund stands at 1.4K Cr as of Apr'24
- AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Vinay Sharma
Fund Manager of Nippon India Innovation Fund Direct Growth, since 28 August 2023
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Innovation Fund Direct Growth, since 28 August 2023
Top funds managed
Nippon India Innovation Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 25.77% since inception (28nd Aug 2023)
Fund Allocations
This fund has an allocation of 95.89% in Equity, 0% in Debt and 4.11% in Cash related instruments
AUM size ₹1455 Cr
This fund has AUM of ₹1455 Cr which is less than its category average of ₹ 1861 Cr
Expense Ratio 0.81%
This fund has an expense ratio of 0.81% which is less than its category average expense ratio of 1.3%
Frequently Asked Questions
The current NAV of Nippon India Innovation Fund Direct Growth is ₹12.63 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Nippon India Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.81% | 1.81% |
6 Month Returns | 22.73% | 22.73% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.81% as on April 2024
₹1455 Cr as on April 2024
3M India Ltd(4.63%), Info Edge (India) Ltd(4.16%), Bajaj Finserv Ltd(4.05%), Samvardhana Motherson International Ltd(4.02%), Honeywell Automation India Ltd(3.87%) as on April 2024
Consumer Cyclical(27.04%), Financial Services(19.74%), Industrial(18.67%) as on April 2024
The alpha ratio for the Nippon India Innovation Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Innovation Fund Direct Growth | - | - | - |
As on April 2024
The alpha for Nippon India Innovation Fund Direct Growth is calculated against IISL Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India Innovation Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Innovation Fund Direct Growth | - | - | - |
As on April 2024
The Beta for Nippon India Innovation Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India Innovation Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Innovation Fund Direct Growth | - | - | - |
As on April 2024
The sharpe ratio for Nippon India Innovation Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India Innovation Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Innovation Fund Direct Growth | - | - | - |
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Vinay Sharma, Kinjal Desai are the fund managers of Nippon India Innovation Fund Direct Growth
The Exit load of Nippon India Innovation Fund Direct Growth is 1%