Nippon India Innovation Fund Direct Growth

Nippon India Innovation Fund Direct Growth

NAV as on 29-04-2025

₹ 13.41

0.1%

1D

Inception Returns

18.9%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
3134 people have invested ₹ 69.7L in Nippon India Innovation Fund Direct Growth in the last three months

About Nippon India Innovation Fund Direct Growth

Nippon India Innovation Fund Direct Growth is an equity fund. This fund was started on 28 August, 2023. The fund is managed by Kinjal Desai, Vinay Sharma. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Nippon India Innovation Fund Direct Growth has ₹2310 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Nippon India Innovation Fund Direct Growth has given a CAGR return of 18.93% since inception. Over the last 1 year the fund has given a CAGR return of 7.14%.

Holdings

Nippon India Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Consumer Defensive, Health, Tech, Communication, Basic Materials. Its top holdings are Avenue Supermarts Ltd, 3M India Ltd, Siemens Ltd, FSN E-Commerce Ventures Ltd, Bajaj Finserv Ltd

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Nippon India Innovation Fund Direct Growth

The investment objective of Nippon India Innovation Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies seeking to benefit from innovation i.e companies that invest in l innovation, research and development, new product development or new platforms to enhance their business and gain share in their respective sectors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Nippon India Innovation Fund Direct Growth has no lock in period.

Nippon India Innovation Fund Direct Growth Overview

Expense ratio0.66%
Benchmark
Nifty 500 TR INR
AUM₹2310 Cr
Inception Date28 August, 2023
Min Lumpsum/SIP₹500/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
19.72%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (29-Apr-25)

Period
Nippon India Innovation Fund Direct Growth
Nifty 500
equity - other
1M
3.6%
4.5%
-
3M
4.5%
3.2%
-
6M
-4.4%
-2.6%
-
1Y
7.1%
7.7%
-

Fund Distribution

as on (31-Mar-25)

  • Equity 98.3%

  • Debt & Cash 1.7%

Large cap
46.7%

Mid cap
26.4%

Small cap
25.2%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Sep'24

Consumer Cyclical
33.2%
Financial Services
21.3%
Industrial
17.5%
Consumer Defensive
8.6%
Health
6.7%
Tech
6.3%
Communication
5.6%
Basic Materials
0.9%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
6.69%
-8.10%
-4.99%
Nifty 500
7.25%
-7.88%
-4.01%
  • This fund’s returns stands at 6.69% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
  • This fund underperformed Nifty 500 by 0.56% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 2.3K Cr
₹ 2.1K Cr
₹ 2.3K Cr
  • AUM of the fund stands at 2.3K Cr as of Mar'25
  • AUM increased by 179.6 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Avenue Supermarts Ltd's allocation increased from 4.1% to 4.54%
Avenue Supermarts Ltd's allocation increased from 4.1% to 4.54%
ZF Commercial Vehicle Control Systems India Ltd's allocation increased from 3.62% to 3.97%
ZF Commercial Vehicle Control Systems India Ltd's allocation increased from 3.62% to 3.97%
HDFC Bank Ltd's allocation increased from 2.28% to 2.61%
HDFC Bank Ltd's allocation increased from 2.28% to 2.61%
Top Stocks sold last month
Bajaj Finserv Ltd's allocation decreased from 4.47 % to 3.99 %
Bajaj Finserv Ltd's allocation decreased from 4.47 % to 3.99 %
Info Edge (India) Ltd's allocation decreased from 3.28 % to 3.11 %
Info Edge (India) Ltd's allocation decreased from 3.28 % to 3.11 %
Tata Consumer Products Ltd's allocation decreased from 3.14 % to 3.01 %
Tata Consumer Products Ltd's allocation decreased from 3.14 % to 3.01 %
Mid Cap allocation has gone down from 26.6% to 26.4%
Mid Cap allocation has gone down from 26.6% to 26.4%
Large Cap allocation has gone down from 47.8% to 46.7%
Large Cap allocation has gone down from 47.8% to 46.7%
Small Cap allocation has gone up from 24.3% to 25.2%
Small Cap allocation has gone up from 24.3% to 25.2%
Cash allocation has gone up from 1.3% to 1.7%
Cash allocation has gone up from 1.3% to 1.7%

Top 3 Sectors in March were Consumer Cyclical, Financial Services & Industrial

Mar'25
Consumer Cyclical
33%
Financial Services
21%
Industrial
17%
Feb'25
Consumer Cyclical
33%
Financial Services
22%
Industrial
17%
  • Equity

Holdings
Weight%
1M Change
Avenue Supermarts Ltd
Avenue Supermarts Ltd
4.54%
0%
3M India Ltd
3M India Ltd
4.52%
0%
Siemens Ltd
Siemens Ltd
4.26%
0%
FSN E-Commerce Ventures Ltd
FSN E-Commerce Ventures Ltd
4.18%
0%
Bajaj Finserv Ltd
Bajaj Finserv Ltd
3.99%
-9.8%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Nippon India Innovation Fund Direct Growth
Nippon India Innovation Fund Direct Growth
7.14%
-
-
18.93%
Sundaram Services Direct Growth
Sundaram Services Direct Growth
17.91%
19%
29.6%
21.5%
ICICI Prudential India Opportunities Fund Direct Growth
ICICI Prudential India Opportunities Fund Direct Growth
15.43%
24.31%
35.97%
23.21%
Franklin India Opportunities Fund - Direct - Growth
Franklin India Opportunities Fund - Direct - Growth
14.73%
30.7%
33.71%
18.23%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
Avenue Supermarts Ltd
Avenue Supermarts Ltd
9.1%
FSN E-Commerce Ventures Ltd
FSN E-Commerce Ventures Ltd
7.9%
Fund
Mar'25
Feb'25
Jan'25
No of Holdings
49
47
48
Top 5 Company Concentration
21.5%
21.1%
20.5%
Company having highest exposure
Avenue Supermarts Ltd (4.5%)
Bajaj Finserv Ltd (4.5%)
3M India Ltd (4.7%)
No of Sectors
8
8
8
Top 5 Sectors Concentration
87.2%
87.1%
86.6%
Sector having highest exposure
Consumer Cyclical (33.2%)
Consumer Cyclical (33.4%)
Consumer Cyclical (33.4%)
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Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Innovation Fund Direct Growth, since 28 August 2023
Vinay Sharma
Vinay Sharma
Fund Manager of Nippon India Innovation Fund Direct Growth, since 28 August 2023
Top funds managed
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹3.92L Cr
as on 31-Mar-2025
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Nippon India Innovation Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.93% since inception which is more than its category average return of 9.64%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.32% in Equity, 0% in Debt and 1.68% in Cash related instruments
AUM size ₹2310 Cr

AUM size ₹2310 Cr

This fund has AUM of ₹2310 Cr which is more than its category average of ₹ 2034 Cr
Expense Ratio 0.66%

Expense Ratio 0.66%

This fund has an expense ratio of 0.66% which is less than its category average expense ratio of 1.31%

Frequently Asked Questions for Nippon India Innovation Fund Direct Growth

The current NAV of Nippon India Innovation Fund Direct Growth is ₹13.41 as on 29-Apr-2025.
Existing (Absolute + CAGR) as on 29-Apr-2025.
Nippon India Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.55%
3.55%
6 Month Returns
-4.42%
-4.42%
1 Year Returns
7.14%
7.14%
3 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.66% as on March 2025
₹2310 Cr as on March 2025
Avenue Supermarts Ltd(4.54%), 3M India Ltd(4.52%), Siemens Ltd(4.26%), FSN E-Commerce Ventures Ltd(4.18%), Bajaj Finserv Ltd(3.99%) as on March 2025
Consumer Cyclical(32.67%), Financial Services(20.9%), Industrial(17.19%) as on March 2025
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
1.05
-
-
As on March 2025
The alpha for Nippon India Innovation Fund Direct Growth is calculated against 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
1.1
-
-
As on March 2025
The Beta for Nippon India Innovation Fund Direct Growth is calculated with 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
0.1
-
-
As on March 2025
The sharpe ratio for Nippon India Innovation Fund Direct Growth is calculated with 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
18.81
-
-
As on March 2025
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.
Kinjal Desai, Vinay Sharma are the fund managers of Nippon India Innovation Fund Direct Growth
The Exit load of Nippon India Innovation Fund Direct Growth is 1%