Nippon India Innovation Fund-Regular Plan-Growth Option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 100% of historical 3-year rolling periods.
- Generated +1.5% annualized alpha (excess return) over its benchmark.
- Cost-efficient: expense ratio of 2.1% is lower than category median (2.52%).
- Downside capture of 107% indicates larger drops during broader market downturns.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +3.80% | +6.32% | -2.52% |
| 3 Months | -3.53% | -0.20% | -3.33% |
| 6 Months | +6.27% | +5.98% | +0.29% |
| 1 Year | +2.53% | +3.90% | -1.37% |
| 3 Years CAGR | +13.00% | +13.23% | -0.23% |
| Since Inception | +12.58% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Nippon India Innovation Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +2.73% | +4.03% | -1.30% |
| 2025 | +5.41% | +1.43% | +3.98% |
| 2024 | +20.25% | +20.41% | -0.16% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -8.83% | +8.89% | +4.90% | +49.52% | 80.4% | 64.4% |
| 3-Year Rolling | +10.16% | +12.36% | +12.42% | +14.42% | 100.0% | 100.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-09-26 | 2025-03-03 | -21.9% | 5 months | 17 months |
| 2026-08-25 | 2026-10-23 | -13.1% | 2 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related Instruments of companies adopting innovation theme* - 80-100%; Debt and Money Market Instruments^ - 0-20%. | Per Scheme Mandate |
| *In case the Fund Manager decides to invest in Equity and Debt instruments of ADRs/ GDRs issued by Indian/ foreign companies and in foreign Securities/Overseas ETFs/ units of overseas mutual funds in accordance with SEBI Regulations in the Scheme and such investments will not exceed 20% of the net assets of the Scheme | Per Scheme Mandate |
| ^It also includes - Cash equivalents which include Government Securities, T-Bills and Repo on Government Securities having residual maturity of less than 91 days. | Per Scheme Mandate |
Investment Objective & Strategy
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 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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 2,996 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as stretched relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Sundaram Services Fund | 6.2 | +13.23% | 1.95% | 92.2% | Rs 5,304 cr | Compare → |
| Baroda BNP Paribas Banking and Financial Services Fund | 4.2 | +13.91% | 2.67% | 95.3% | Rs 562 cr | Compare → |
| UTI Banking and Financial Services Fund | 4.9 | +13.96% | 2.36% | 88.0% | Rs 1,442 cr | Compare → |
| BANDHAN FINANCIAL SERVICES FUND | 5.6 | +13.88% | 2.45% | 102.5% | Rs 1,126 cr | Compare → |
| Aditya Birla Sun Life Business Cycle Fund | 5.5 | +13.03% | 2.46% | 96.6% | Rs 1,816 cr | Compare → |
Frequently Asked Questions about Nippon India Innovation Fund
What is the expense ratio of Nippon India Innovation Fund?
Nippon India Innovation Fund has a total expense ratio (TER) of 2.1% with a base expense ratio of 1.68%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Nippon India Innovation Fund?
Nippon India Innovation Fund is managed by Vinay Sharma.
What are the historical returns of Nippon India Innovation Fund?
Nippon India Innovation Fund delivered a 3-year CAGR of 13.0%. Its 1-year return stands at +2.53%.
How large is Nippon India Innovation Fund?
Nippon India Innovation Fund manages assets of Rs 2,996 cr, placing it in the 'stretched' size band relative to Sectoral / Thematic peers.
How is Nippon India Innovation Fund scored on MFIQ?
Nippon India Innovation Fund holds an MFIQ Score of 5.8/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Nippon India Innovation Fund?
Nippon India Innovation Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 14.56% with a maximum historical drawdown of -21.92%.