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: 3/5 — ranked #82 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹15.31 (as of 2026-08-21) |
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| AUM | ₹2,918 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
| Standard deviation | 0.00% |
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| Max drawdown | -21.92% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 70.6% of Nifty India Digital's upside and 46.7% of its downside.
Market cap allocation
| Large cap | 42.4% |
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| Mid cap | 30.5% |
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| Small cap | 27.1% |
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Concentration
| Top 5 holdings | 20.2% |
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| Top 10 holdings | 35.3% |
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| Total holdings | 57 |
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Top holdings
- Eternal Limited — 4.8%
- Info Edge(India) Ltd. — 4.6%
- Trent Ltd [Lakme Ltd] — 4.0%
- Varun Beverages Limited — 3.5%
- 3M India Ltd. — 3.3%
- SWIGGY LIMITED — 3.3%
- ZF Commercial Vehicle Control Systems India Limited — 3.2%
- Samvardhana Motherson International Limited — 3.0%
- Bajaj Finserv Limited — 2.9%
- FSN E-Commerce Ventures Limited — 2.7%
Top sectors
- Retail — 22.4%
- Automobile — 12.6%
- SERVICES — 7.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 6.8% | Q2 | #52 of 167 |
| 2025 | 5.4% | Q2 | #54 of 132 |
| 2024 | 20.3% | Q2 | #42 of 86 |