Nippon India Innovation Fund Direct Growth

Nippon India Innovation Fund Direct Growth

NAV as on 28-03-2025

₹ 12.89

0.9%

1D

Inception Returns

17.6%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
3402 people have invested ₹ 75L 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 ₹2130 Cr worth of assets under management (AUM) as on Feb 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 17.56% since inception. Over the last 1 year the fund has given a CAGR return of 8.21%.

Holdings

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

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 ratio0.69%
Benchmark
IISL Nifty 500 TR INR
AUM₹2130 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 (28-Mar-25)

Period
Nippon India Innovation Fund Direct Growth
Nifty 500
equity - other
1M
4.4%
7.3%
-
3M
-6.8%
-4.9%
-
6M
-15.9%
-12.9%
-
1Y
8.2%
5.4%
-

Fund Distribution

as on (28-Feb-25)

  • Equity 98.7%

  • Debt & Cash 1.3%

Large cap
47.8%

Mid cap
26.6%

Small cap
24.3%

Sector Allocation

Feb'25

Jan'25

Dec'24

Consumer Cyclical
33.4%
Financial Services
21.7%
Industrial
16.9%
Consumer Defensive
8.7%
Tech
6.5%
Health
6.3%
Communication
5.7%
Basic Materials
0.9%
All changes are between Dec'24 and Feb'25
Dec'24
Fund Returns
-1.42%
Nifty 500
-2.02%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 2.1K Cr
₹ 2.3K Cr
₹ 2.3K Cr
  • AUM of the fund stands at 2.1K Cr as of Feb'25
  • AUM decreased by 147.1 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Siemens Ltd's allocation increased from 2.31% to 4.05%
Siemens Ltd's allocation increased from 2.31% to 4.05%
GE Vernova T&D India Ltd's allocation increased from 1.11% to 2.27%
GE Vernova T&D India Ltd's allocation increased from 1.11% to 2.27%
Samvardhana Motherson International Ltd's allocation increased from 1.4% to 2.54%
Samvardhana Motherson International Ltd's allocation increased from 1.4% to 2.54%
Top Stocks sold last month
3M India Ltd's allocation decreased from 4.75 % to 4.46 %
3M India Ltd's allocation decreased from 4.75 % to 4.46 %
Avenue Supermarts Ltd's allocation decreased from 4.13 % to 4.1 %
Avenue Supermarts Ltd's allocation decreased from 4.13 % to 4.1 %
Info Edge (India) Ltd's allocation decreased from 3.39 % to 3.28 %
Info Edge (India) Ltd's allocation decreased from 3.39 % to 3.28 %
Small Cap allocation has gone up from 17.4% to 24.3%
Small Cap allocation has gone up from 17.4% to 24.3%
Mid Cap allocation has gone down from 33.6% to 26.6%
Mid Cap allocation has gone down from 33.6% to 26.6%
Large Cap allocation has gone up from 39.9% to 47.8%
Large Cap allocation has gone up from 39.9% to 47.8%
Cash allocation has gone down from 1.9% to 1.3%
Cash allocation has gone down from 1.9% to 1.3%

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

Feb'25
Consumer Cyclical
33%
Financial Services
22%
Industrial
17%
Jan'25
Consumer Cyclical
33%
Financial Services
21%
Industrial
15%
  • Gainers

  • Losers

Fund
Feb'25
Jan'25
Dec'24
No of Holdings
47
48
48
Top 5 Company Concentration
21.1%
20.5%
19.6%
Company having highest exposure
Bajaj Finserv Ltd (4.5%)
3M India Ltd (4.7%)
3M India Ltd (4.7%)
No of Sectors
8
8
8
Top 5 Sectors Concentration
87.1%
86.6%
85.2%
Sector having highest exposure
Consumer Cyclical (33.4%)
Consumer Cyclical (33.4%)
Consumer Cyclical (33.8%)
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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
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.15L Cr
as on 28-Feb-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 17.56% since inception which is more than its category average return of 8.9%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.69% in Equity, 0% in Debt and 1.31% in Cash related instruments
AUM size ₹2130 Cr

AUM size ₹2130 Cr

This fund has AUM of ₹2130 Cr which is more than its category average of ₹ 2056 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.31%

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5Y CAGR

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5Y CAGR

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Nippon India Multi Cap Fund - Direct Plan - Growth

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5Y CAGR

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5Y CAGR

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Frequently Asked Questions for Nippon India Innovation Fund Direct Growth

The current NAV of Nippon India Innovation Fund Direct Growth is ₹12.89 as on 28-Mar-2025.
Existing (Absolute + CAGR) as on 28-Mar-2025.
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%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.69% as on February 2025
₹2130 Cr as on February 2025
Bajaj Finserv Ltd(4.47%), 3M India Ltd(4.46%), Avenue Supermarts Ltd(4.1%), Siemens Ltd(4.05%), FSN E-Commerce Ventures Ltd(4.02%) as on February 2025
Consumer Cyclical(32.95%), Financial Services(21.39%), Industrial(16.68%) as on February 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
3.91
-
-
As on February 2025
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
1.16
-
-
As on February 2025
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
-0.16
-
-
As on February 2025
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
17.74
-
-
As on February 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%