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Nippon India Innovation Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (21-Nov-24)
₹13.48-0.85%1D
Returns (Since Inception)
27.36%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹2,224 Cr
Expense Ratio
0.69%
ISIN
INF204KC1BO3
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
28 Aug 2023
About this fund
Nippon India Innovation Fund Direct Growth is a Equity - Other mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 1 years, 2 months and 25 days, having been launched on 28-Aug-23.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹13.48, Assets Under Management (AUM) of 2223.85 Crores, and an expense ratio of 0.69%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹13.48, Assets Under Management (AUM) of 2223.85 Crores, and an expense ratio of 0.69%.
- Nippon India Innovation Fund Direct Growth has given a CAGR return of 27.36% since inception.
- The fund's asset allocation comprises around 94.39% in equities, 0.00% in debts, and 5.61% in cash & cash equivalents.
- You can start investing in Nippon India Innovation Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+28.59%
— (Cat Avg.)
Since Inception
+27.36%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹2,099.09 Cr | 94.39% |
| Others | ₹124.76 Cr | 5.61% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 3M India Ltd | Equity | ₹130.29 Cr | 5.86% |
| Triparty Repo | Cash - Repurchase Agreement | ₹126.46 Cr | 5.69% |
| Bajaj Finserv Ltd | Equity | ₹96.06 Cr | 4.32% |
| Info Edge (India) Ltd | Equity | ₹74.38 Cr | 3.34% |
| Zomato Ltd | Equity | ₹73.73 Cr | 3.32% |
| ICICI Bank Ltd | Equity | ₹71.07 Cr | 3.20% |
| HDFC Bank Ltd | Equity | ₹69.43 Cr | 3.12% |
| Syngene International Ltd | Equity | ₹67.78 Cr | 3.05% |
| Affle India Ltd | Equity | ₹66.34 Cr | 2.98% |
| Axis Bank Ltd | Equity | ₹65.51 Cr | 2.95% |
| Kotak Mahindra Bank Ltd | Equity | ₹63.19 Cr | 2.84% |
| FSN E-Commerce Ventures Ltd | Equity | ₹61.05 Cr | 2.75% |
| Hero MotoCorp Ltd | Equity | ₹57.75 Cr | 2.60% |
| Jubilant Foodworks Ltd | Equity | ₹57.6 Cr | 2.59% |
| Delhivery Ltd | Equity | ₹53.42 Cr | 2.40% |
| Motherson Sumi Wiring India Ltd | Equity | ₹50.11 Cr | 2.25% |
| Hyundai Motor India Ltd | Equity | ₹49.95 Cr | 2.25% |
| Tejas Networks Ltd | Equity | ₹47.89 Cr | 2.15% |
| Bajaj Finance Ltd | Equity | ₹43.41 Cr | 1.95% |
| Avenue Supermarts Ltd | Equity | ₹42.95 Cr | 1.93% |
| IndusInd Bank Ltd | Equity | ₹42.8 Cr | 1.92% |
| eMudhra Ltd | Equity | ₹42.29 Cr | 1.90% |
| Siemens Ltd | Equity | ₹41.93 Cr | 1.89% |
| Tata Motors Ltd | Equity | ₹41.7 Cr | 1.88% |
| Samvardhana Motherson International Ltd | Equity | ₹40.89 Cr | 1.84% |
| Krishna Institute of Medical Sciences Ltd | Equity | ₹40.87 Cr | 1.84% |
| United Breweries Ltd | Equity | ₹40.83 Cr | 1.84% |
| Bosch Ltd | Equity | ₹39.96 Cr | 1.80% |
| Honeywell Automation India Ltd | Equity | ₹39.23 Cr | 1.76% |
| Sonata Software Ltd | Equity | ₹38.63 Cr | 1.74% |
| Hindustan Unilever Ltd | Equity | ₹37.92 Cr | 1.71% |
| One97 Communications Ltd | Equity | ₹36.87 Cr | 1.66% |
| ZF Commercial Vehicle Control Systems India Ltd | Equity | ₹35.71 Cr | 1.61% |
| Restaurant Brands Asia Ltd Ordinary Shares | Equity | ₹34.26 Cr | 1.54% |
| Honasa Consumer Ltd | Equity | ₹33.94 Cr | 1.53% |
| Timken India Ltd | Equity | ₹33.74 Cr | 1.52% |
| Sanofi Consumer Healthcare India Ltd | Equity | ₹28.67 Cr | 1.29% |
| TVS Motor Co Ltd | Equity | ₹28.43 Cr | 1.28% |
| Bayer CropScience Ltd | Equity | ₹26.42 Cr | 1.19% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹24.59 Cr | 1.11% |
| Sapphire Foods India Ltd | Equity | ₹24.29 Cr | 1.09% |
| Sanofi India Ltd | Equity | ₹23.18 Cr | 1.04% |
| Kirloskar Oil Engines Ltd | Equity | ₹22.94 Cr | 1.03% |
| Tata Consumer Products Ltd | Equity | ₹21.53 Cr | 0.97% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹19.54 Cr | 0.88% |
| Ola Electric Mobility Ltd | Equity | ₹16.01 Cr | 0.72% |
| Net Current Assets | Cash | ₹-2.39 Cr | 0.11% |
| Cash Margin - Ccil | Cash - Collateral | ₹0.69 Cr | 0.03% |
Allocation By Market Cap (Equity)
Large Cap Stocks
39.49%
Mid Cap Stocks
31.09%
Small Cap Stocks
19.55%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Consumer Cyclical | ₹611.45 Cr | 27.50% |
| Financial Services | ₹476.07 Cr | 21.41% |
| Industrials | ₹341.07 Cr | 15.34% |
| Consumer Defensive | ₹177.17 Cr | 7.97% |
| Technology | ₹165.69 Cr | 7.45% |
| Healthcare | ₹160.5 Cr | 7.22% |
| Communication Services | ₹140.72 Cr | 6.33% |
| Basic Materials | ₹26.42 Cr | 1.19% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st October 2024
ISIN INF204KC1BO3 | Expense Ratio 0.69% | Exit Load 1.00% | Fund Size ₹2,224 Cr | Age 1 year 2 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Equity - Other Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| SBI Equity Minimum Variance Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹219.26 Cr | 16.2% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.7% | 0.0% | ₹219.26 Cr | 15.8% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹541.38 Cr | 31.6% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹541.38 Cr | 29.5% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹2975.33 Cr | 37.4% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹2975.33 Cr | 35.8% |
| HDFC NIFTY200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹11.35 Cr | 63.0% |
| HDFC NIFTY100 Low Volatility 30 ETF Very High Risk | 0.3% | - | ₹5.95 Cr | 34.7% |
| ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹342.57 Cr | 34.8% |
| DSP Nifty Midcap 150 Quality 50 ETF Very High Risk | 0.3% | - | ₹97.40 Cr | 23.8% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹5,78,235 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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Still got questions?
We're here to help.
What is the current NAV of Nippon India Innovation Fund Direct Growth?
The NAV of Nippon India Innovation Fund Direct Growth, as of 21-Nov-2024, is ₹13.48.
What is the portfolio composition of Nippon India Innovation Fund Direct Growth?
The fund's allocation of assets is distributed as 94.39% in equities, 0.00% in bonds, and 5.61% in cash and cash equivalents.
Who manages the Nippon India Innovation Fund Direct Growth?
The fund managers responsible for Nippon India Innovation Fund Direct Growth are:-
- Vinay Sharma
- Kinjal Desai
- Rishit Parikh
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.