NAV as on 28-03-2025
₹ 12.89
▲0.9%
1D
Inception Returns
17.6%
/yr
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.
Nippon India Innovation Fund Direct Growth has given a CAGR return of 17.56% since inception. Over the last 1 year the fund has given a CAGR return of 8.21%.
Nippon India Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Consumer Defensive, Tech, Health, Communication, Basic Materials. Its top holdings are Bajaj Finserv Ltd, 3M India Ltd, Avenue Supermarts Ltd, Siemens Ltd, FSN E-Commerce Ventures 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 benefitDividends 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.
Expense ratio | 0.69% |
Benchmark | IISL Nifty 500 TR INR |
AUM | ₹2130 Cr |
Inception Date | 28 August, 2023 |
Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 19.72% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (28-Mar-25)
as on (28-Feb-25)
Top 3 Sectors in February were Consumer Cyclical, Financial Services & Industrial
More funds from Nippon
Nippon India Power & Infra Fund - Direct Plan - Growth
5Y CAGR
▲ 38.80
Nippon India Growth Fund - Direct Plan - Growth
5Y CAGR
▲ 35.48
Nippon India Multi Cap Fund - Direct Plan - Growth
5Y CAGR
▲ 33.99
Nippon India Small Cap Fund - Direct Plan - Growth Plan
5Y CAGR
▲ 42.10
Nippon India Value Fund - Direct Plan - Growth Option
5Y CAGR
▲ 32.44
Nippon India Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.44% | 4.44% |
6 Month Returns | -15.85% | -15.85% |
1 Year Returns | 8.21% | 8.21% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Innovation Fund Direct Growth | 3.91 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Innovation Fund Direct Growth | 1.16 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Innovation Fund Direct Growth | -0.16 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Innovation Fund Direct Growth | 17.74 | - | - |