Nippon India Innovation Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 21-11-2024
₹ 13.48
▲0.5%
1D
Inception Returns
28.4%
/yr
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
- Nippon India Innovation Fund Direct Growth has ₹2224 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Nippon India Innovation Fund Direct Growth has given a CAGR return of 28.39% since inception. Over the last 1 year the fund has given a CAGR return of 29.63%.
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 3M India Ltd, Bajaj Finserv Ltd, Info Edge (India) Ltd, Zomato Ltd, ICICI Bank 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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.
Historical NAV & Returns
Nippon India Innovation Fund Direct Growth Overview
| Expense ratio | 0.69% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹2224 Cr |
| Inception Date | 28 August, 2023 |
| Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 19.72% |
| STCG | Redeeming 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 |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -7.54% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund underperformed Nifty 500 by 1.02% in Oct'24
- AUM of the fund stands at 2.3K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Consumer Cyclical, Financial Services & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 3M India Ltd | 5.86% | 0% | |
 Bajaj Finserv Ltd | 4.32% | 0% | |
 Info Edge (India) Ltd | 3.34% | 0% | |
 Zomato Ltd | 3.32% | 19.6% | |
 ICICI Bank Ltd | 3.2% | 0% |
Top Losers | 1M Return |
|---|---|
 IndusInd Bank Ltd | -23.6% |
 Bajaj Finserv Ltd | -9.2% |
 Avenue Supermarts Ltd | -5.6% |
Nippon India Innovation Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹2224 Cr
Expense Ratio 0.69%
Frequently Asked Questions for Nippon India Innovation Fund Direct Growth
Nippon India Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.73% | -6.73% |
6 Month Returns | 4.52% | 4.52% |
1 Year Returns | 29.63% | 29.63% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Innovation Fund Direct Growth | 3.08 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Innovation Fund Direct Growth | 1.01 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Innovation Fund Direct Growth | 1.99 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Innovation Fund Direct Growth | 14.46 | - | - |