Nippon India Innovation Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹14.66-2.50%1 day
- Return since launch
- 13.9%
- 52-week range
- ₹12.21 — ₹15.36
- AUM
- ₹3,108 Cr
Nippon India Innovation Fund is a Thematic-Innovation equity fund from Nippon India Mutual Fund with ₹3,108 Cr under management, launched in 2023. Over three years it has returned 7.4% a year, against 17.1% for its category. The expense ratio is 2.06% and the SEBI riskometer reading is Very High.
Performance
Nippon India Innovation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.8% against +6.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.0% | −1.2 pts | 8.2% | 13.9% |
| 2Y | 5.7% | −5.2 pts | 10.9% | 9.9% |
| 3Y | 7.4% | −9.7 pts | 17.1% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.5% | −2.1 pts | -2.4% | -2.9% |
| 3M | 1.7% | −4.1 pts | 5.8% | 4.2% |
| 6M | 14.8% | −5.9 pts | 20.6% | 18.4% |
| 1Y | 0.8% | −7.4 pts | 8.2% | 6.6% |
| 2Y | -1.5% | −4.0 pts | 2.5% | 2.7% |
| 3Y | 13.1% | −4.0 pts | 17.1% | 15.9% |
Since launch (9 Aug 2023): 13.9%
Calendar-year returns
Category average20.1%
5.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.4% | +3.0 pts | 2.4% |
| 2024 | 20.1% | −8.7 pts | 28.8% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.07%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.67%
- Brokerage
- 0.05%
- Transaction charges
- 0.00%
- Statutory levies
- 0.35%
- Exit load
- Exit load of 1%, if redeemed within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Nippon India Innovation Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.8%
- Debt0.0%
- Other1.2%
Market cap split
- Large40.2%
- Mid32.8%
- Small26.9%
- P/E
- 34.25
- P/B
- 5.71
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Eternal Ltd. | Services | 5.03% | ₹156 Cr | +4.21% | +2.99% | +3.80% |
| Info Edge (India) Ltd. | Services | 4.70% | ₹146 Cr | +3.90% | +4.16% | +5.77% |
| Trent Ltd. | Services | 3.66% | ₹114 Cr | +3.92% | +3.72% | — |
| Samvardhana Motherson International Ltd. | Automobile | 3.11% | ₹96.79 Cr | +4.86% | +4.58% | +2.16% |
| 3M India Ltd. | Consumer Staples | 3.08% | ₹95.70 Cr | +3.32% | +3.91% | +3.80% |
| Swiggy Ltd. | Services | 3.08% | ₹95.76 Cr | +2.91% | +2.84% | +3.10% |
| Varun Beverages Ltd. | Consumer Staples | 3.03% | ₹94.11 Cr | +4.19% | +3.69% | +3.96% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 2.76% | ₹85.76 Cr | +3.65% | +3.88% | +3.59% |
| FSN E-Commerce Ventures Ltd. | Services | 2.67% | ₹82.88 Cr | +2.93% | +3.06% | +2.96% |
| Bajaj Finserv Ltd. | Financial | 2.53% | ₹78.75 Cr | +2.70% | +3.11% | +3.86% |
| Axis Bank Ltd. | Financial | 2.51% | ₹78.00 Cr | +2.72% | +3.01% | +3.08% |
| Avenue Supermarts Ltd. | Services | 2.47% | ₹76.69 Cr | +3.17% | +4.00% | +4.41% |
| One97 Communications Ltd. | Services | 2.41% | ₹74.95 Cr | +1.52% | +1.54% | +1.68% |
| ICICI Bank Ltd. | Financial | 2.34% | ₹72.70 Cr | +2.55% | +2.88% | +2.40% |
| Siemens Energy India Ltd. | Energy | 2.08% | ₹64.59 Cr | +2.73% | +3.24% | +1.96% |
| Infosys Ltd. | Technology | 2.01% | ₹62.36 Cr | +1.13% | +0.71% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.93% | ₹60.02 Cr | +1.90% | +1.78% | — |
| Coforge Ltd. | Technology | 1.92% | ₹59.76 Cr | +1.75% | +0.77% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.92% | ₹59.54 Cr | +2.06% | — | — |
| PB Fintech Ltd. | Services | 1.91% | ₹59.43 Cr | +1.75% | +1.57% | +0.96% |
| Honasa Consumer Ltd. | Consumer Staples | 1.88% | ₹58.41 Cr | +1.74% | +0.95% | +0.91% |
| LG Electronics India Ltd. | Consumer Discretionary | 1.88% | ₹58.49 Cr | +1.85% | +1.99% | — |
| ABB India Ltd. | Capital Goods | 1.84% | ₹57.29 Cr | +2.17% | +2.20% | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.81% | ₹56.21 Cr | +2.33% | +2.09% | +1.34% |
| Interglobe Aviation Ltd. | Services | 1.71% | ₹53.03 Cr | +0.93% | — | — |
| Syngene International Ltd. | Healthcare | 1.69% | ₹52.67 Cr | +2.05% | +2.01% | +2.22% |
| Siemens Ltd. | Capital Goods | 1.58% | ₹48.98 Cr | +1.65% | +1.69% | +1.51% |
| TBO Tek Ltd. | Services | 1.52% | ₹47.12 Cr | +0.65% | +0.66% | +0.70% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.51% | ₹47.07 Cr | +1.49% | +1.40% | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.51% | ₹47.01 Cr | +1.58% | +1.73% | — |
| company:20795 | Technology | 1.38% | ₹42.74 Cr | — | — | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.35% | ₹41.90 Cr | +2.03% | +2.19% | +1.96% |
| Sanofi Consumer Healthcare India Ltd. | Healthcare | 1.29% | ₹40.00 Cr | +1.24% | +1.25% | +1.09% |
| Others | Others | 1.25% | ₹39.68 Cr | 0.00% | +0.03% | +0.01% |
| Jubilant FoodWorks Ltd. | Services | 1.20% | ₹37.20 Cr | +1.13% | +1.42% | +1.70% |
| Meesho Ltd. | Services | 1.19% | ₹36.84 Cr | — | — | — |
| Restaurant Brands Asia Ltd. | Services | 1.19% | ₹37.08 Cr | +0.92% | +0.87% | +1.09% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.16% | ₹36.20 Cr | +1.63% | +1.63% | +2.83% |
| company:12612 | Services | 1.15% | ₹35.70 Cr | — | — | — |
| Delhivery Ltd. | Services | 1.06% | ₹32.85 Cr | +1.71% | +3.34% | +3.59% |
| company:14749 | Automobile | 1.05% | ₹32.78 Cr | — | — | — |
| KFin Technologies Ltd. | Financial | 1.03% | ₹31.90 Cr | +0.99% | +0.97% | — |
| Kaynes Technology India Ltd. | Capital Goods | 1.02% | ₹31.77 Cr | +0.95% | +1.21% | — |
| Rainbow Children's Medicare Ltd. | Healthcare | 1.01% | ₹31.48 Cr | +0.65% | — | — |
| Timken India Ltd. | Capital Goods | 1.01% | ₹31.36 Cr | +1.27% | +1.26% | +1.04% |
| Max Financial Services Ltd. | Financial | 1.00% | ₹31.10 Cr | +0.28% | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.99% | ₹30.73 Cr | — | — | — |
| Divi's Laboratories Ltd. | Healthcare | 0.96% | ₹29.69 Cr | +0.74% | — | — |
| Bajaj Auto Ltd. | Automobile | 0.95% | ₹29.46 Cr | +1.35% | +1.32% | — |
| Niva Bupa Health Insurance Company Ltd. | Insurance | 0.85% | ₹26.38 Cr | +0.96% | +0.55% | — |
| eMudhra Ltd. | Services | 0.82% | ₹25.36 Cr | +0.77% | +0.72% | +1.21% |
| Kansai Nerolac Paints Ltd. | Materials | 0.80% | ₹24.73 Cr | +0.29% | — | — |
| Motherson Sumi Wiring India Ltd. | Automobile | 0.76% | ₹23.58 Cr | +1.85% | +2.11% | +2.02% |
| GE Vernova T&D India Ltd | Capital Goods | 0.66% | ₹20.62 Cr | +0.84% | +1.06% | +2.36% |
| JSW Energy Ltd. | Capital Goods | 0.62% | ₹19.42 Cr | — | — | — |
| company:20769 | Healthcare | 0.60% | ₹18.52 Cr | — | — | — |
| Sapphire Foods India Ltd. | Services | 0.57% | ₹17.74 Cr | +0.48% | +0.56% | +0.89% |
| Craftsman Automation Ltd. | Automobile | 0.55% | ₹16.97 Cr | +0.48% | — | — |
| Sanofi India Ltd. | Healthcare | 0.42% | ₹12.93 Cr | +0.54% | +0.71% | +0.63% |
| Urban Company Ltd. | Consumer Staples | 0.03% | ₹0.79 Cr | +0.02% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Maruti Suzuki India Ltd. | 1.41% | 0.00% | -1.41% |
| company:20795 | 0.00% | 1.38% | +1.38% |
| company:12612 | 0.00% | 1.15% | +1.15% |
| Motherson Sumi Wiring India Ltd. | 1.84% | 0.76% | -1.08% |
| company:14749 | 0.00% | 1.05% | +1.05% |
| Billionbrains Garage Ventures Ltd. | 0.13% | 0.99% | +0.86% |
| Meesho Ltd. | 0.49% | 1.19% | +0.70% |
| company:20769 | 0.00% | 0.60% | +0.60% |
| Krishna Institute of Medical Sciences Ltd | 1.89% | 1.35% | -0.54% |
| Bharat Dynamics Ltd. | 0.53% | 0.00% | -0.53% |
| ZF Commercial Vehicle Control Systems India Ltd. | 3.23% | 2.76% | -0.47% |
| Varun Beverages Ltd. | 3.49% | 3.03% | -0.46% |
| One97 Communications Ltd. | 1.97% | 2.41% | +0.44% |
| Bajaj Finserv Ltd. | 2.93% | 2.53% | -0.40% |
| Coforge Ltd. | 2.31% | 1.92% | -0.39% |
| Restaurant Brands Asia Ltd. | 0.85% | 1.19% | +0.34% |
| Trent Ltd. | 3.98% | 3.66% | -0.32% |
| Bajaj Auto Ltd. | 1.21% | 0.95% | -0.26% |
| 3M India Ltd. | 3.34% | 3.08% | -0.26% |
| Sun Pharmaceutical Industries Ltd. | 2.17% | 1.92% | -0.25% |
| PB Fintech Ltd. | 1.70% | 1.91% | +0.21% |
| Sanofi Consumer Healthcare India Ltd. | 1.50% | 1.29% | -0.21% |
| Eternal Ltd. | 4.84% | 5.03% | +0.19% |
| Tata Motors Passenger Vehicles Ltd. | 1.34% | 1.16% | -0.18% |
| Swiggy Ltd. | 3.25% | 3.08% | -0.17% |
| Kirloskar Oil Engines Ltd. | 1.97% | 1.81% | -0.16% |
| LG Electronics India Ltd. | 1.72% | 1.88% | +0.16% |
| TBO Tek Ltd. | 1.39% | 1.52% | +0.13% |
| Sanofi India Ltd. | 0.55% | 0.42% | -0.13% |
| ICICI Lombard General Insurance Company Ltd. | 1.64% | 1.51% | -0.13% |
| Rainbow Children's Medicare Ltd. | 1.14% | 1.01% | -0.13% |
| Info Edge (India) Ltd. | 4.58% | 4.70% | +0.12% |
| Avenue Supermarts Ltd. | 2.59% | 2.47% | -0.12% |
| Divi's Laboratories Ltd. | 0.85% | 0.96% | +0.11% |
| Niva Bupa Health Insurance Company Ltd. | 0.95% | 0.85% | -0.10% |
| Sapphire Foods India Ltd. | 0.47% | 0.57% | +0.10% |
| eMudhra Ltd. | 0.72% | 0.82% | +0.10% |
| Delhivery Ltd. | 1.16% | 1.06% | -0.10% |
| Jubilant FoodWorks Ltd. | 1.10% | 1.20% | +0.10% |
| Samvardhana Motherson International Ltd. | 3.02% | 3.11% | +0.09% |
| Siemens Energy India Ltd. | 2.17% | 2.08% | -0.09% |
| Infosys Ltd. | 2.09% | 2.01% | -0.08% |
| Kaynes Technology India Ltd. | 1.10% | 1.02% | -0.08% |
| ICICI Bank Ltd. | 2.41% | 2.34% | -0.07% |
| JSW Energy Ltd. | 0.69% | 0.62% | -0.07% |
| Craftsman Automation Ltd. | 0.50% | 0.55% | +0.05% |
| Interglobe Aviation Ltd. | 1.76% | 1.71% | -0.05% |
| Siemens Ltd. | 1.53% | 1.58% | +0.05% |
| Kansai Nerolac Paints Ltd. | 0.85% | 0.80% | -0.05% |
| Honasa Consumer Ltd. | 1.83% | 1.88% | +0.05% |
| Timken India Ltd. | 1.05% | 1.01% | -0.04% |
| Axis Bank Ltd. | 2.48% | 2.51% | +0.03% |
| Dixon Technologies (India) Ltd. | 1.49% | 1.51% | +0.02% |
| FSN E-Commerce Ventures Ltd. | 2.65% | 2.67% | +0.02% |
| Hindustan Aeronautics Ltd. | 1.95% | 1.93% | -0.02% |
| ABB India Ltd. | 1.83% | 1.84% | +0.01% |
| GE Vernova T&D India Ltd | 0.67% | 0.66% | -0.01% |
| KFin Technologies Ltd. | 1.04% | 1.03% | -0.01% |
| Max Financial Services Ltd. | 0.99% | 1.00% | +0.01% |
| Syngene International Ltd. | 1.70% | 1.69% | -0.01% |
| Urban Company Ltd. | 0.02% | 0.03% | +0.01% |
| Others | 0.01% | 0.01% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,750 Cr | 2.18% | 18.7% | 13.7% | 16.5% |
 ICICI Prudential Innovation Fund | ₹8,012 Cr | 2.18% | 4.2% | 9.2% | — |
 Kotak Pioneer Fund | ₹4,281 Cr | 1.91% | 19.3% | 15.0% | 17.6% |
 Axis Innovation Fund | ₹1,363 Cr | 2.28% | 27.4% | 15.6% | 15.4% |
 Union Innovation & Opportunities Fund | ₹1,344 Cr | 2.36% | 24.0% | 14.9% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks 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.
Fund managers
- Amber SinghaniaMMS Finance (Mumbai University)Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
- Rishit ParikhMr. Parikh has done B.Tech and MBAPrior to joining Nippon India Mutual Fund, he has worked with Nomura and Goldman Sachs
- Vinay SharmaMr. Sharma is B.Arch & PGDCMPrior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC, Kotak Mahindra Mutual Fund, J.P. Morgan India Pvt. Ltd. and UTI Bank.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months14.75% absolute | ₹60,000 | ₹68,850 | 14.75% | |
| 1 year0.81% annualised | ₹1,20,000 | ₹1,20,528 | 0.44% | |
| 3 years13.08% annualised | ₹3,60,000 | ₹4,42,746 | 22.99% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Nippon India Innovation Fund?
The NAV of Nippon India Innovation Fund is ₹14.66 as on 24 Sep 2026.
What is the expense ratio of Nippon India Innovation Fund?
The expense ratio of Nippon India Innovation Fund is 2.06% per year.
What is the minimum SIP amount for Nippon India Innovation Fund?
You can start a SIP in Nippon India Innovation Fund with ₹3,000 a month.
Is there a lock-in or exit load on Nippon India Innovation Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 1 year..
How risky is Nippon India Innovation Fund?
Nippon India Innovation Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Innovation category.
Which fund house manages Nippon India Innovation Fund?
Nippon India Innovation Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹7,67,506 Cr under management.