Nippon India Innovation Fund
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.
Growthvine rating: 4/5 — ranked #38 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹13.35 (as of 2026-10-23) |
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| AUM | ₹2,923 Cr |
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| Expense ratio | 1.68% |
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| Riskometer | Very High |
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| Fund manager | Vinay Sharma |
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| Exit load | 1% for redemption within 1 year |
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Performance & risk
| Sharpe ratio | 0.42 |
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| Standard deviation | 17.02% |
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| Max drawdown | −21.92% |
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| Alpha | 2.6 |
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| Beta | 1.03 |
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Over 5 years, captured 71.6% of Nifty India Digital's upside and 49.4% of its downside.
Market cap allocation
| Large cap | 39.2% |
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| Mid cap | 34.1% |
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| Small cap | 26.7% |
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Concentration
| Top 5 holdings | 20.0% |
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| Top 10 holdings | 33.9% |
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| Total holdings | 57 |
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Top holdings
- Eternal Limited — 5.2%
- Info Edge(India) Ltd. — 4.6%
- Trent Ltd [Lakme Ltd] — 3.5%
- Varun Beverages Limited — 3.5%
- Samvardhana Motherson International Limited — 3.2%
- 3M India Ltd. — 3.2%
- SWIGGY LIMITED — 2.9%
- ZF Commercial Vehicle Control Systems India Limited — 2.7%
- Avenue Supermarts Limited — 2.6%
- AXIS Bank Ltd. — 2.5%
Top sectors
- Retail — 22.0%
- Banking & Financial — 9.9%
- Automobile — 9.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −6.9% | Q2 | #84 of 167 |
| 2025 | 5.4% | Q2 | #54 of 132 |
| 2024 | 20.3% | Q2 | #42 of 86 |