Nippon India Nifty Alpha Low Volatility 30 Index Fund
The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Alpha Low Volatility 30 Index before expenses, subject to tracking errors.
Growthvine rating: 3/5 — ranked #62 of 245 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹14.36 (as of 2026-10-23) |
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| AUM | ₹1,169 Cr |
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| Expense ratio | 0.71% |
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| Riskometer | Very High |
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| Fund manager | Jitendra Tolani |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.21 |
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| Standard deviation | 17.09% |
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| Max drawdown | −25.08% |
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| Alpha | -0.97 |
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| Beta | 1.02 |
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Market cap allocation
| Large cap | 84.3% |
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| Mid cap | 15.8% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 20.8% |
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| Top 10 holdings | 39.3% |
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| Total holdings | 30 |
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Top holdings
- Torrent Pharmaceuticals Ltd. — 4.7%
- NTPC Limited — 4.1%
- Bajaj Auto Limited — 4.0%
- Marico Limited — 4.0%
- Apollo Hospitals Enterprises Ltd. — 3.9%
- Hindalco Industries Ltd. — 3.8%
- ICICI Bank Ltd. — 3.8%
- Nestle India Ltd. — 3.7%
- JSW Steel Limited — 3.6%
- Grasim Industries Ltd — 3.6%
Top sectors
- Pharma & Biotech — 14.4%
- Automobile — 12.8%
- Banking & Financial — 10.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −10.0% | — | — |
| 2025 | −0.9% | — | — |
| 2024 | 16.4% | — | — |
| 2023 | 37.2% | — | — |