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.

1. Nippon India Innovation Fund Direct Growth has ₹2416 Cr worth of assets under management (AUM) as on Apr 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

Nippon India Innovation Fund Direct Growth has given a CAGR return of 20.50% since inception. Over the last 1 year the fund has given a CAGR return of 9.04%.

Nippon India Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Consumer Defensive, Health, Tech, Communication, Energy, Basic Materials. Its top holdings are 3M India Ltd, Avenue Supermarts Ltd, Axis Bank Ltd, Bajaj Finserv Ltd, ZF Commercial Vehicle Control Systems India Ltd

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.

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 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.