Nippon India Innovation Fund Direct - Growth
Unrated
NAV as of Oct 20, 2025
14.99-0.02%
- Growth - Direct
(Earn upto 1.32% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic-Innovation
Expense Ratio:
0.62%(0.78% Category
average)Fund Size:
Rs. 2,800.81 Cr(9.21% of Investment in Category)
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Nippon India Innovation Fund Direct - Growth
Unrated
NAV as of Oct 20, 2025
14.99-0.02%
Expense Ratio:
0.62%
Fund Size:
Rs. 2,800.81 Cr
Fund Category:
Equity: Thematic-Innovation
Nippon India Innovation Fund Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Nippon India Innovation Fund - Direct Plan as of Oct 20, 2025 is Rs 14.99 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 0.53% (1yr) and 20.82% (since launch). Whereas, Category returns for the same time duration are: -0.16% (1yr), 20.16% (3yr) and 22.65% (5yr).
3. Fund Size: The Nippon India Innovation Fund - Direct Plan currently holds Assets under Management worth of Rs 2800.81 crore as on Sep 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.62% for Direct plan as on Oct 09, 2025.
5. Exit Load: Nippon India Innovation Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 1 year."
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the Nippon India Innovation Fund - Direct Plan as of Oct 20, 2025 is Rs 14.99 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 0.53% (1yr) and 20.82% (since launch). Whereas, Category returns for the same time duration are: -0.16% (1yr), 20.16% (3yr) and 22.65% (5yr).
3. Fund Size: The Nippon India Innovation Fund - Direct Plan currently holds Assets under Management worth of Rs 2800.81 crore as on Sep 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.62% for Direct plan as on Oct 09, 2025.
5. Exit Load: Nippon India Innovation Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 1 year."
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Nippon India Innovation Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -2.24 2.88 12.65 2.84 - - Category Avg -0.83 3.80 15.23 1.29 20.55 23.15 Rank within Category 12 11 10 5 - - No. of funds within Category 12 12 11 9 2 1 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 500 Total Return Index
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Nippon India Innovation Fund Direct - Growth Fund Details
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 House | Nippon India Mutual Fund |
| Launch Date | Aug 29, 2023 |
| Benchmark | NIFTY 500 Total Return Index |
| Return Since Launch | 20.78% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Nippon India Innovation Fund Direct - Growth Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load Exit load of 1%, if redeemed within 1 year. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| SEP 2025 | AUG 2025 | JUL 2025 | JUN 2025 | MAY 2025 | APR 2025 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 44 | 44 | 45 | 46 | 46 | 47 |
| Top 5 Company Holdings | 21.6% | 21.8% | 20.08% | 19.86% | 19.42% | 20.33% |
| Top 10 Company Holdings | 38.68% | 38.96% | 37.08% | 36.43% | 34.91% | 36.27% |
| Company with Highest Exposure | Info Edge (India) (6.02%) | Info Edge (India) (5.77%) | 3M India (4.08%) | Bajaj Finserv (4.27%) | 3M India (4.13%) | 3M India (4.5%) |
| Number of Sectors | 10 | 11 | 11 | 11 | 11 | 11 |
| Top 3 Sector Holdings | 63.4% | 60.61% | 60.59% | 63.61% | 63.9% | 65.3% |
| Top 5 Sector Holdings | 81.67% | 75.49% | 76.85% | 79.35% | 79.71% | 80.93% |
| Sector with Highest Exposure | Services (33.06%) | Services (31.86%) | Services (29.72%) | Services (29.06%) | Services (27.98%) | Services (29.28%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Info Edge (India) Services 6.02 83.24 15.81 -13.90 Avenue Supermarts Services 4.1 101.79 41.99 6.78 Bajaj Finserv Financial 4.0 36.39 59.60 25.92 Eternal Services 3.89 1735.52 0.19 31.89 3M India Consumer Staples 3.59 67.60 440.84 -11.87 Samvardhana Motherson Automobile 3.57 33.48 3.15 -18.29 Varun Beverages Consumer Staples 3.56 54.55 8.42 -22.72 Delhivery Services 3.41 179.17 2.66 25.79 Axis Bank Financial 3.29 14.76 83.76 5.11 ZF Commercial Automobile 3.25 51.31 255.00 -7.22
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Nippon India Innovation Fund Direct - Growth 14.99 Unrated 2,800.81 -2.24 2.84 - - UTI Innovation Fund Direct - Growth 12.16 Unrated 826.18 -1.75 -5.52 - - Baroda BNP Paribas Innovation Fund Direct - Growth 12.91 Unrated 933.59 -0.53 -2.25 - - Bandhan Innovation Fund Direct-Growth 13.87 Unrated 1,788.04 1.25 7.97 - - SBI Innovative Opportunities Fund Direct-Growth 10.15 Unrated 6,857.98 -0.43 1.05 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Nippon India Mutual Fund News
Fund Manager
- V.S.Vinay SharmaSince Aug 20232 schemes
- R.P.Rishit ParikhSince Aug 20241 schemes
- D.D.Divya Dutt SharmaSince Sep 202542 schemes
- L.M.Lokesh MaruSince Sep 202542 schemes
Mr. Sharma is B.Arch & PGDCM Prior 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Nippon India Banking & Financial Services Fund Direct-Growth Sectoral-Banking 710.93 7,185.31 11.60 Nippon India Focused Fund Direct-Growth Flexi Cap 136.30 8,463.77 2.67 Mr. Parikh has done B.Tech and MBA Prior to joining Nippon India Mutual Fund, he has worked with Nomura and Goldman Sachs
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Nippon India Focused Fund Direct-Growth Flexi Cap 136.30 8,463.77 2.67 Bachelor of Commerce, MSC Banking & Finance. Prior to joining the Nippon AMC, he was associated with Bhramrishi Mission NGO, Equations LLC, V.K Pamecha and Associates.
Bachelor of Technology, CFA, FRM Prior to joining the Nippon AMC, he was associated with BlackRock Services India Private Ltd, CRISIL Ltd.
More Nippon India Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Nippon India Small Cap Fund Direct- Growth | 65,922.00 | -0.18 | 0.11 | 17.49 | -6.63 | 23.62 | |
| Nippon India Multi Cap Fund Direct-Growth | 45,881.41 | 0.85 | 1.17 | 17.48 | 0.48 | 23.46 | |
| Nippon India Large Cap Fund Direct-Growth | 44,164.76 | 1.44 | 1.90 | 15.07 | 2.21 | 19.94 | |
| Nippon India Growth Mid Cap Fund Direct- Growth | 38,581.28 | 0.64 | 0.42 | 17.36 | -0.27 | 24.80 | |
| Nippon India Liquid Fund Direct-Growth | 35,387.59 | 0.47 | 1.48 | 3.37 | 7.02 | 7.09 | |
| Nippon India Money Market Fund Direct-Growth | 22,460.96 | 0.43 | 1.61 | 4.25 | 8.05 | 7.65 | |
| Nippon India Arbitrage Fund Direct-Growth | 15,382.57 | 0.40 | 1.56 | 3.46 | 7.17 | 7.63 | |
| Nippon India ELSS Tax Saver Fund Direct-Growth | 15,338.90 | -0.70 | -0.49 | 14.38 | -3.31 | 17.51 | |
| Nippon India Ultra Short Duration Fund Direct-Growth | 10,252.04 | 0.48 | 1.66 | 4.06 | 7.96 | 7.66 | |
| Nippon India Corporate Bond Fund Direct-Growth | 10,013.39 | -0.14 | 0.66 | 4.99 | 8.90 | 8.18 |
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About Nippon India Innovation Fund Direct - Growth
1. Nippon India Innovation Fund - Direct Plan is Open-ended Thematic-Innovation Equity scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Aug 29, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 95.33% in equities, 0.03% in debts and 4.64% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 38.68% of the assets, the top 3 sectors constitute around 63.4% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Nippon India Innovation Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Nippon India Innovation Fund - Direct Plan is Open-ended Thematic-Innovation Equity scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Aug 29, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 95.33% in equities, 0.03% in debts and 4.64% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 38.68% of the assets, the top 3 sectors constitute around 63.4% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Nippon India Innovation Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Nippon India Innovation Fund Direct - Growth
- Is it safe to invest in Nippon India Innovation Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Nippon India Innovation Fund - Direct Plan comes under Very High risk category.
- What is the category of Nippon India Innovation Fund - Direct Plan?Nippon India Innovation Fund - Direct Plan belongs to the Equity : Thematic-Innovation category of funds.
- How Long should I Invest in Nippon India Innovation Fund - Direct Plan?The suggested investment horizon of investing into Nippon India Innovation Fund - Direct Plan is null. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Nippon India Innovation Fund - Direct Plan?The Nippon India Innovation Fund - Direct Plan is managed by Vinay Sharma (Since Aug 09, 2023) , Rishit Parikh (Since Aug 19, 2024) , Divya Dutt Sharma (Since Sep 05, 2025) and Lokesh Maru (Since Sep 05, 2025).
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