Nippon India Innovation Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹14.57+0.80%1 day
- Return since launch
- 12.0%
- 52-week range
- ₹12.21 — ₹15.36
- AUM
- ₹2,923 Cr
Nippon India Innovation Fund is a Thematic-Innovation equity fund from Nippon India Mutual Fund with ₹2,923 Cr under management, launched in 2023. Over three years it has returned 5.8% a year, against 14.4% for its category. The expense ratio is 2.10% 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 +1.5% against +6.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.8% | −2.3 pts | 8.2% | 14.0% |
| 2Y | 5.0% | −5.8 pts | 10.9% | 10.1% |
| 3Y | 5.8% | −8.6 pts | 14.4% | 10.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.6% | −0.8 pts | 3.5% | 3.7% |
| 3M | -4.1% | −3.7 pts | -0.4% | -1.2% |
| 6M | 5.2% | −4.5 pts | 9.7% | 8.2% |
| 1Y | 1.4% | −6.8 pts | 8.2% | 6.9% |
| 2Y | 2.7% | −3.2 pts | 5.9% | 5.9% |
| 3Y | 12.6% | −1.8 pts | 14.4% | 15.9% |
Since launch (9 Aug 2023): 12.0%
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
2.10%
Expense ratio as on 31 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.68%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.36%
- 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.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.40 | 6.83 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.04 | 0.91 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.39 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.51 | 0.99 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.14 | 15.97 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Nippon India Innovation Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity97.5%
- Debt0.0%
- Other2.5%
Market cap split
- Large39.2%
- Mid34.1%
- Small26.7%
- P/E
- 32.34
- P/B
- 5.14
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Eternal Ltd. | Services | 5.22% | ₹153 Cr | +4.32% | +3.53% | +3.89% |
| Info Edge (India) Ltd. | Services | 4.64% | ₹136 Cr | +3.73% | +4.40% | +6.02% |
| Trent Ltd. | Services | 3.54% | ₹103 Cr | +4.44% | +3.54% | +1.67% |
| Varun Beverages Ltd. | Consumer Staples | 3.47% | ₹102 Cr | +3.91% | +3.53% | +3.56% |
| Samvardhana Motherson International Ltd. | Automobile | 3.17% | ₹92.58 Cr | +3.03% | +4.06% | +3.57% |
| 3M India Ltd. | Consumer Staples | 3.16% | ₹92.37 Cr | +3.24% | +3.54% | +3.59% |
| Swiggy Ltd. | Services | 2.91% | ₹84.96 Cr | +2.62% | +2.76% | +3.16% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 2.71% | ₹79.21 Cr | +3.50% | +3.97% | +3.25% |
| Avenue Supermarts Ltd. | Services | 2.56% | ₹74.76 Cr | +3.33% | +3.99% | +4.10% |
| Axis Bank Ltd. | Financial | 2.52% | ₹73.56 Cr | +2.77% | +2.85% | +3.29% |
| One 97 Communications Ltd. | Services | 2.51% | ₹73.25 Cr | +1.51% | +1.51% | +1.55% |
| Others | Others | 2.48% | ₹73.43 Cr | +0.03% | +0.03% | +0.09% |
| ICICI Bank Ltd. | Financial | 2.26% | ₹66.09 Cr | +2.71% | +2.83% | +2.29% |
| Siemens Energy India Ltd. | Energy | 2.19% | ₹64.00 Cr | +2.52% | +3.19% | +1.97% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 2.18% | ₹63.60 Cr | +1.49% | +1.75% | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.11% | ₹61.69 Cr | +2.41% | +2.24% | +1.35% |
| FSN E-Commerce Ventures Ltd. | Services | 2.05% | ₹59.88 Cr | +3.06% | +3.05% | +2.95% |
| LG Electronics India Ltd. | Consumer Discretionary | 2.03% | ₹59.37 Cr | +1.83% | +2.03% | — |
| HDFC Bank Ltd. | Financial | 2.02% | ₹59.17 Cr | — | — | +2.24% |
| Hindustan Aeronautics Ltd. | Capital Goods | 2.00% | ₹58.35 Cr | +1.88% | +1.78% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.86% | ₹54.50 Cr | +2.07% | — | — |
| Coforge Ltd. | Technology | 1.80% | ₹52.65 Cr | +1.76% | +1.05% | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.79% | ₹52.39 Cr | +1.91% | +1.05% | +0.86% |
| Max Financial Services Ltd. | Financial | 1.77% | ₹51.87 Cr | +0.80% | — | — |
| ABB India Ltd. | Capital Goods | 1.74% | ₹50.82 Cr | +2.05% | +2.43% | — |
| Interglobe Aviation Ltd. | Services | 1.73% | ₹50.49 Cr | +1.84% | +0.64% | — |
| Syngene International Ltd. | Healthcare | 1.64% | ₹48.01 Cr | +1.98% | +2.10% | +2.92% |
| PB Fintech Ltd. | Services | 1.62% | ₹47.22 Cr | +1.63% | +1.70% | +0.89% |
| TBO Tek Ltd. | Services | 1.56% | ₹45.50 Cr | +0.73% | +0.64% | +0.80% |
| Siemens Ltd. | Capital Goods | 1.55% | ₹45.28 Cr | +1.50% | +1.64% | +1.53% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.42% | ₹41.53 Cr | +1.50% | +1.45% | — |
| Shiprocket Ltd. | Technology | 1.27% | ₹36.98 Cr | — | — | — |
| Sanofi Consumer Healthcare India Ltd. | Healthcare | 1.26% | ₹36.74 Cr | +1.21% | +1.35% | +0.98% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.19% | ₹34.65 Cr | — | — | — |
| Restaurant Brands Asia Ltd. | Services | 1.18% | ₹34.61 Cr | +1.03% | +0.88% | +1.04% |
| Jubilant FoodWorks Ltd. | Services | 1.17% | ₹34.25 Cr | +1.07% | +1.33% | +1.65% |
| JSW Energy Ltd. | Capital Goods | 1.14% | ₹33.30 Cr | +0.55% | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.14% | ₹33.23 Cr | +1.41% | +1.42% | +2.85% |
| Timken India Ltd. | Capital Goods | 1.07% | ₹31.22 Cr | +1.19% | +1.31% | +1.07% |
| Kaynes Technology India Ltd. | Capital Goods | 1.03% | ₹30.18 Cr | +0.92% | +1.21% | — |
| Meesho Ltd. | Services | 1.03% | ₹30.02 Cr | +0.53% | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.01% | ₹29.43 Cr | — | — | — |
| Delhivery Ltd. | Services | 1.01% | ₹29.50 Cr | +1.25% | +3.61% | +3.41% |
| Divi's Laboratories Ltd. | Healthcare | 1.00% | ₹29.14 Cr | +0.71% | — | — |
| Rainbow Children's Medicare Ltd. | Healthcare | 1.00% | ₹29.25 Cr | +1.08% | — | — |
| Physicswallah Ltd. | Services | 0.98% | ₹28.56 Cr | — | — | — |
| Tube Investments Of India Ltd. | Automobile | 0.96% | ₹28.00 Cr | — | — | — |
| KFin Technologies Ltd. | Financial | 0.95% | ₹27.62 Cr | +0.99% | +1.00% | — |
| eMudhra Ltd. | Services | 0.94% | ₹27.61 Cr | +0.71% | +0.71% | +1.14% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 0.91% | ₹26.46 Cr | +1.95% | +2.05% | +1.87% |
| Bajaj Auto Ltd. | Automobile | 0.90% | ₹26.41 Cr | +1.22% | +1.31% | — |
| Niva Bupa Health Insurance Company Ltd. | Insurance | 0.83% | ₹24.29 Cr | +0.94% | +0.79% | — |
| Kansai Nerolac Paints Ltd. | Materials | 0.78% | ₹22.82 Cr | +0.90% | — | — |
| Molbio Diagnostics Ltd. | Healthcare | 0.73% | ₹21.45 Cr | — | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 0.67% | ₹19.49 Cr | +0.79% | +0.69% | +1.76% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.55% | ₹16.20 Cr | — | — | — |
| Sapphire Foods India Ltd. | Services | 0.55% | ₹16.05 Cr | +0.47% | +0.47% | +0.79% |
| Craftsman Automation Ltd. | Automobile | 0.54% | ₹15.79 Cr | +0.49% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bajaj Finserv Ltd. | 2.53% | 0.00% | -2.53% |
| HDFC Bank Ltd. | 0.00% | 2.02% | +2.02% |
| Infosys Ltd. | 2.01% | 0.00% | -2.01% |
| Physicswallah Ltd. | 0.00% | 0.98% | +0.98% |
| Max Financial Services Ltd. | 1.00% | 1.77% | +0.77% |
| Motherson Sumi Wiring India Ltd. | 0.76% | 0.00% | -0.76% |
| ICICI Lombard General Insurance Company Ltd. | 1.51% | 2.18% | +0.67% |
| FSN E-Commerce Ventures Ltd. | 2.67% | 2.05% | -0.62% |
| Cholamandalam Investment and Finance Company Ltd. | 0.00% | 0.55% | +0.55% |
| JSW Energy Ltd. | 0.62% | 1.14% | +0.52% |
| Varun Beverages Ltd. | 3.03% | 3.47% | +0.44% |
| Krishna Institute of Medical Sciences Ltd | 1.35% | 0.91% | -0.44% |
| Sanofi India Ltd. | 0.42% | 0.00% | -0.42% |
| Kirloskar Oil Engines Ltd. | 1.81% | 2.11% | +0.30% |
| PB Fintech Ltd. | 1.91% | 1.62% | -0.29% |
| Eternal Ltd. | 5.03% | 5.22% | +0.19% |
| Swiggy Ltd. | 3.08% | 2.91% | -0.17% |
| Meesho Ltd. | 1.19% | 1.03% | -0.16% |
| LG Electronics India Ltd. | 1.88% | 2.03% | +0.15% |
| Molbio Diagnostics Ltd. | 0.60% | 0.73% | +0.13% |
| Trent Ltd. | 3.66% | 3.54% | -0.12% |
| eMudhra Ltd. | 0.82% | 0.94% | +0.12% |
| Coforge Ltd. | 1.92% | 1.80% | -0.12% |
| Shiprocket Ltd. | 1.38% | 1.27% | -0.11% |
| Siemens Energy India Ltd. | 2.08% | 2.19% | +0.11% |
| ABB India Ltd. | 1.84% | 1.74% | -0.10% |
| One 97 Communications Ltd. | 2.41% | 2.51% | +0.10% |
| Dixon Technologies (India) Ltd. | 1.51% | 1.42% | -0.09% |
| Tube Investments Of India Ltd. | 1.05% | 0.96% | -0.09% |
| Avenue Supermarts Ltd. | 2.47% | 2.56% | +0.09% |
| Honasa Consumer Ltd. | 1.88% | 1.79% | -0.09% |
| 3M India Ltd. | 3.08% | 3.16% | +0.08% |
| ICICI Bank Ltd. | 2.34% | 2.26% | -0.08% |
| KFin Technologies Ltd. | 1.03% | 0.95% | -0.08% |
| Hindustan Aeronautics Ltd. | 1.93% | 2.00% | +0.07% |
| Info Edge (India) Ltd. | 4.70% | 4.64% | -0.06% |
| Samvardhana Motherson International Ltd. | 3.11% | 3.17% | +0.06% |
| Timken India Ltd. | 1.01% | 1.07% | +0.06% |
| Sun Pharmaceutical Industries Ltd. | 1.92% | 1.86% | -0.06% |
| Delhivery Ltd. | 1.06% | 1.01% | -0.05% |
| Syngene International Ltd. | 1.69% | 1.64% | -0.05% |
| Bajaj Auto Ltd. | 0.95% | 0.90% | -0.05% |
| ZF Commercial Vehicle Control Systems India Ltd. | 2.76% | 2.71% | -0.05% |
| Divi's Laboratories Ltd. | 0.96% | 1.00% | +0.04% |
| Multi Commodity Exchange Of India Ltd. | 1.15% | 1.19% | +0.04% |
| TBO Tek Ltd. | 1.52% | 1.56% | +0.04% |
| Jubilant FoodWorks Ltd. | 1.20% | 1.17% | -0.03% |
| Sanofi Consumer Healthcare India Ltd. | 1.29% | 1.26% | -0.03% |
| Siemens Ltd. | 1.58% | 1.55% | -0.03% |
| Urban Company Ltd. | 0.03% | 0.00% | -0.03% |
| Billionbrains Garage Ventures Ltd. | 0.99% | 1.01% | +0.02% |
| Interglobe Aviation Ltd. | 1.71% | 1.73% | +0.02% |
| Kansai Nerolac Paints Ltd. | 0.80% | 0.78% | -0.02% |
| Niva Bupa Health Insurance Company Ltd. | 0.85% | 0.83% | -0.02% |
| Tata Motors Passenger Vehicles Ltd. | 1.16% | 1.14% | -0.02% |
| Sapphire Foods India Ltd. | 0.57% | 0.55% | -0.02% |
| Axis Bank Ltd. | 2.51% | 2.52% | +0.01% |
| Craftsman Automation Ltd. | 0.55% | 0.54% | -0.01% |
| GE Vernova T&D India Ltd | 0.66% | 0.67% | +0.01% |
| Kaynes Technology India Ltd. | 1.02% | 1.03% | +0.01% |
| Rainbow Children's Medicare Ltd. | 1.01% | 1.00% | -0.01% |
| Restaurant Brands Asia Ltd. | 1.19% | 1.18% | -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 | ₹3,588 Cr | 2.16% | 16.3% | 12.0% | 15.2% |
 ICICI Prudential Innovation Fund | ₹7,434 Cr | 2.16% | 5.1% | 7.8% | — |
 Kotak Pioneer Fund | ₹4,295 Cr | 1.90% | 11.4% | 11.5% | 15.6% |
 Axis Innovation Fund | ₹1,315 Cr | 2.27% | 24.9% | 14.3% | 14.9% |
 Union Innovation & Opportunities Fund | ₹1,307 Cr | 2.31% | 23.9% | 14.2% | — |
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 months5.18% absolute | ₹60,000 | ₹63,108 | 5.18% | |
| 1 year1.40% annualised | ₹1,20,000 | ₹1,20,914 | 0.76% | |
| 3 years12.63% annualised | ₹3,60,000 | ₹4,39,530 | 22.09% |
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 ₹14.57 as on 9 Nov 2026.
What is the expense ratio of Nippon India Innovation Fund?
The expense ratio of Nippon India Innovation Fund is 2.10% 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 ₹8,03,520 Cr under management.