Nippon India Innovation Fund

Nippon India Innovation Fund

Equity

Nippon Mutual Fund

Equity - Other

Get the latest NAV of Nippon India Innovation Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹14.43

▲1.1%1D

NAV as on 27 Apr 2026

14.77%/per year

Since Inception

Absolute Gain%

▲▼

2115 people have invested ₹ 56.1L in Nippon India Innovation Fund in the last three months

Nippon India Innovation Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (27-Apr-26)

The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
11.44%
5.88%
-4.24%
8.25%
--
--
Nifty 500
8.57%
0.01%
-4.28%
4.45%
14.82%
13.04%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
20.2%
19.66%
17.35%
31.8%
33.9%
29.99%
Worst in Equity - Other
-0.12%
-5.79%
-15.67%
-8.21%
8.76%
8.22%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Nippon India Innovation Fund
-
2,446Cr
0.69%
8.25%
-
--
--
--
--
--
ICICI Prudential India Opportunities Fund
1/48
32,925Cr
0.67%
6.58%
22.72%
7.39
0.85
1.03
1.62
1.69
ICICI Prudential Business Cycle Fund
2/48
14,359Cr
0.75%
8.7%
22.11%
5.97
0.90
0.90
1.35
1.44
Aditya Birla Sun Life Special Opportunities Fund Dir
4/48
890Cr
1.28%
16.26%
22.93%
6.00
0.96
0.88
1.36
1.93
See all

Nippon India Innovation Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Nippon India Innovation Fund Asset Allocation

See fund asset allocation details as on (13-Apr-26)

Fund Distribution

as on (13-Apr-26)

Large cap
46.5%
Mid cap
26.6%
Small cap
25.2%
Mid Cap allocation has gone down from 27% to 26.6%
Mid Cap allocation has gone down from 27% to 26.6%
Large Cap allocation has gone down from 47% to 46.5%
Large Cap allocation has gone down from 47% to 46.5%
Small Cap allocation has gone up from 24.7% to 25.2%
Small Cap allocation has gone up from 24.7% to 25.2%
Cash allocation has gone up from 1.2% to 1.7%
Cash allocation has gone up from 1.2% to 1.7%

Nippon India Innovation Fund Sector Allocation

See fund sector allocation details as on (13-Apr-26)

Sector Allocation

Consumer Cyclical
31.4%
Financial Services
18.1%
Industrial
14.4%
Consumer Defensive
11.9%
Health
7.8%
Communication
6.3%
Tech
4.9%
Energy
2.5%
Utilities
2.1%
Basic Materials
0.7%

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

Mar'26

Consumer Cyclical

31%

Industrial

18%

Financial Services

15%

Feb'26

Consumer Cyclical

32%

Industrial

18%

Financial Services

15%

Nippon India Innovation Fund Holdings Details

as on (31-Mar-26)

Top Stocks bought last month
Info Edge (India) Ltd's allocation increased from 3.11% to 4.4%
Info Edge (India) Ltd's allocation increased from 3.11% to 4.4%
Eternal Ltd's allocation increased from 2.99% to 3.53%
Eternal Ltd's allocation increased from 2.99% to 3.53%
Infosys Ltd's allocation increased from 0.71% to 1.02%
Infosys Ltd's allocation increased from 0.71% to 1.02%
Top Stocks sold last month
Samvardhana Motherson International Ltd's allocation decreased from 4.58 % to 4.06 %
Samvardhana Motherson International Ltd's allocation decreased from 4.58 % to 4.06 %
Avenue Supermarts Ltd's allocation decreased from 4 % to 3.99 %
Avenue Supermarts Ltd's allocation decreased from 4 % to 3.99 %
Trent Ltd's allocation decreased from 3.72 % to 3.54 %
Trent Ltd's allocation decreased from 3.72 % to 3.54 %

Nippon India Innovation Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.69%
Benchmark
Nifty 500 TR INR
AUM₹2446 Cr
Inception Date28 August, 2023
Min Lumpsum/SIP₹500/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
25.64%
Risk
Risk meter
pointer
Very High Risk

About Nippon India Innovation Fund

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

Key Parameters

  1. Nippon India Innovation Fund has ₹2446 Cr worth of assets under management (AUM) as on Apr 2026 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Nippon India Innovation Fund has given a CAGR return of 14.77% since inception. Over the last 1 year the fund has given a CAGR return of 8.25%.

Holdings

Nippon India Innovation Fund has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Tech, Consumer Defensive, Health, Communication, Utilities, Energy. Its top holdings are Info Edge (India) Ltd, Samvardhana Motherson International Ltd, Avenue Supermarts Ltd, ZF Commercial Vehicle Control Systems India Ltd, Delhivery 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

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.

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 has no lock in period.

Fund Manager

Vinay Sharma

Fund Manager of Nippon India Innovation Fund, since 28 August 2023

Kinjal Desai

Fund Manager of Nippon India Innovation Fund, since 28 August 2023

Rishit Parikh

Fund Manager of Nippon India Innovation Fund, since 19 August 2024

Amber Singhania

Fund Manager of Nippon India Innovation Fund, since 11 March 2026

Learn more about Nippon Mutual Fund
Parameters
Mar'26
Feb'26
Jan'26
AUM
₹ 2.4K Cr
₹ 2.8K Cr
₹ 2.7K Cr
  • AUM of the fund stands at 2.4K Cr as of Mar'26
  • AUM decreased by 309 Cr between Mar'26 and Feb'26

Frequently Asked Questions for Nippon India Innovation Fund

How do I invest in Nippon India Innovation Fund?

INDmoney makes it simple to invest in the Nippon India Innovation Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Nippon India Innovation Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Nippon India Innovation Fund?

The NAV of the fund today is ₹14.43. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Nippon India Innovation Fund fund has generated a return of 8.25% in 1 year

Who is the fund manager of Nippon India Innovation Fund?

The fund managers are Vinay Sharma, Kinjal Desai, Rishit Parikh, Amber Singhania.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-1 Years. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.69%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹2446 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Nippon India Innovation Fund?

The top 3 holdings of the fund are Info Edge (India) Ltd(4.4%), Samvardhana Motherson International Ltd(4.06%), Avenue Supermarts Ltd(3.99%)