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EquityEquity - Other

Nippon India Innovation Fund Direct Growth

3Y Annualised

N/A

0.28% 1D

Fund Performance

Fund Multiplier

Fund Info

Peer Comparison

Fund Managers

AMC Details

Performance

1M Returns

5.58%

0.28% 1D

Benchmark

N/A

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

This Fund

7 years 8 months

NIFTY 50

5 years 8 months

FD

9 years 7 months

Fund info

Fund size

₹2309.57 Cr

Min. SIP amount

₹100

Min. Lumpsum amount

₹500

Exit load

0%

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter

Risk Profile

Very High Risk

Fund Managers

About Nippon India Innovation Fund Direct Growth

Nippon India Innovation Fund Direct Growth is a Equity mutual fund scheme from Nippon Life India Asset Management Ltd. This fund has been in existence for 1 years, having been launched on 2023-08-28. Nippon India Innovation Fund Direct Growth has ₹2309.57 Cr worth of assets under management (AUM) as of Wed Apr 23 2025. The latest Net Asset Value (NAV) of Nippon India Innovation Fund Direct Growth as of Wed Apr 23 2025 is ₹13.6172. The fund has an expense ratio of 0.69%, which is medium comparable to most other Equity funds.

Nippon India Innovation Fund Direct Growth returns for the last 1 year are 9.49%. Since launch, it has delivered 19.96% average annual returns.

The Nippon India Innovation Fund Direct Growth has the majority of its money invested in Consumer Defensive, Industrials, Consumer Cyclical, Financial Services, Communication Services sectors.

Top 5 Holdings of Nippon India Innovation Fund Direct Growth.

  1. Avenue Supermarts Ltd: 4.54%
  2. 3M India Ltd: 4.52%
  3. Siemens Ltd: 4.26%
  4. FSN E-Commerce Ventures Ltd: 4.18%
  5. Bajaj Finserv Ltd: 3.99%

AMC Information

NameNippon Life India Asset Management Ltd
Founding Date2023-08-28
Emailcustomercare@nipponindiaim.in
Phone022-6808 7000/18602660111
Websitehttps://mf.nipponindiaim.com/
AddressNippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)

Tax Implications of Nippon India Innovation Fund Direct Growth

Short Term Gains20% + applicable Surcharge + 4% Cess
Long Term Gains12.5% without indexation + applicable Surcharge + 4% Cess

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AUM

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