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Nippon India Equity Savings Fund Direct Growth
HybridEquity SavingsModerate Risk
Direct
NAV (20-Mar-26)
₹17.860.18%1D
Returns (Since Inception)
5.51%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹929 Cr
Expense Ratio
0.49%
ISIN
INF204KA1W77
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
30 May 2015
About this fund
Nippon India Equity Savings Fund Direct Growth is a Equity Savings mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 10 years, 9 months and 23 days, having been launched on 30-May-15.
As of 20-Mar-26, it has a Net Asset Value (NAV) of ₹17.86, Assets Under Management (AUM) of 929.26 Crores, and an expense ratio of 0.49%.
As of 20-Mar-26, it has a Net Asset Value (NAV) of ₹17.86, Assets Under Management (AUM) of 929.26 Crores, and an expense ratio of 0.49%.
- Nippon India Equity Savings Fund Direct Growth has given a CAGR return of 5.51% since inception.
- The fund's asset allocation comprises around 110.23% in equities, 22.70% in debts, and -32.93% in cash & cash equivalents.
- You can start investing in Nippon India Equity Savings Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+5.52%
+4.90% (Cat Avg.)
3 Years
+9.56%
+9.75% (Cat Avg.)
5 Years
+8.04%
+8.29% (Cat Avg.)
10 Years
+5.89%
+8.30% (Cat Avg.)
Since Inception
+5.51%
— (Cat Avg.)
Portfolio Summaryas of 28th February 2026
| Equity | ₹1,024.34 Cr | 110.23% |
| Debt | ₹210.96 Cr | 22.70% |
| Others | ₹-306.04 Cr | -32.93% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹-392.77 Cr | 42.27% |
| ICICI Bank Ltd | Equity | ₹78.65 Cr | 8.46% |
| Future on ICICI Bank Ltd | Equity - Future | ₹55.53 Cr | 5.98% |
| HDFC Bank Ltd | Equity | ₹53.81 Cr | 5.79% |
| Mahindra & Mahindra Ltd | Equity | ₹49.06 Cr | 5.28% |
| Cash Margin - Derivatives | Cash - Collateral | ₹48.45 Cr | 5.21% |
| Larsen & Toubro Ltd | Equity | ₹44.43 Cr | 4.78% |
| Reliance Industries Ltd | Equity | ₹42.79 Cr | 4.61% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹39.07 Cr | 4.20% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹38.34 Cr | 4.13% |
| Kotak Mahindra Bank Ltd | Equity | ₹38.12 Cr | 4.10% |
| 7.32% Gs 2030 | Bond - Gov't/Treasury | ₹36.42 Cr | 3.92% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹34.74 Cr | 3.74% |
| Eternal Ltd | Equity | ₹33.59 Cr | 3.61% |
| Hdfc Bank Limited_30/03/2026 | Equity - Future | ₹32.55 Cr | 3.50% |
| Eternal Limited_30/03/2026 | Equity - Future | ₹29.01 Cr | 3.12% |
| Triparty Repo | Cash - Repurchase Agreement | ₹28.11 Cr | 3.02% |
| Bharti Airtel Ltd | Equity | ₹27.34 Cr | 2.94% |
| Axis Bank Ltd | Equity | ₹26.55 Cr | 2.86% |
| 7.26% Gs 2033 | Bond - Gov't/Treasury | ₹25.95 Cr | 2.79% |
| Future on Reliance Industries Ltd | Equity - Future | ₹25.09 Cr | 2.70% |
| Grasim Industries Ltd | Equity | ₹22.35 Cr | 2.41% |
| Future on Grasim Industries Ltd | Equity - Future | ₹18.58 Cr | 2.00% |
| Future on Axis Bank Ltd | Equity - Future | ₹18.35 Cr | 1.97% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹18.04 Cr | 1.94% |
| State Bank of India | Equity | ₹16.73 Cr | 1.80% |
| Future on Lupin Ltd | Equity - Future | ₹15.92 Cr | 1.71% |
| Lupin Ltd | Equity | ₹15.85 Cr | 1.71% |
| 7.10% Gs 2029 | Bond - Gov't/Treasury | ₹15.49 Cr | 1.67% |
| NTPC Ltd | Equity | ₹13.78 Cr | 1.48% |
| Future on ICICI Prudential Life Insurance Co Ltd | Equity - Future | ₹13.27 Cr | 1.43% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹13.2 Cr | 1.42% |
| Future on Tata Steel Ltd | Equity - Future | ₹12.8 Cr | 1.38% |
| ITC Ltd | Equity | ₹12.79 Cr | 1.38% |
| Tata Steel Ltd | Equity | ₹12.73 Cr | 1.37% |
| Infosys Ltd | Equity | ₹12.33 Cr | 1.33% |
| 7.41% Gs 2036 | Bond - Gov't/Treasury | ₹10.46 Cr | 1.13% |
| 7.26% Gs 2032 | Bond - Gov't/Treasury | ₹10.38 Cr | 1.12% |
| 7.17% Gs 2030 | Bond - Gov't/Treasury | ₹10.33 Cr | 1.11% |
| Godrej Housing Finance Limited | Bond - Corporate Bond | ₹10.09 Cr | 1.09% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹10.09 Cr | 1.09% |
| Kotak Mahindra Investments Limited | Bond - Corporate Bond | ₹10.03 Cr | 1.08% |
| Net Current Assets | Cash | ₹9.98 Cr | 1.07% |
| Rec Limited | Bond - Corporate Bond | ₹9.86 Cr | 1.06% |
| Maruti Suzuki India Ltd | Equity | ₹8.99 Cr | 0.97% |
| Tata Motors Ltd | Equity | ₹8.49 Cr | 0.91% |
| Vedanta Ltd | Equity | ₹8.26 Cr | 0.89% |
| Bajaj Auto Ltd | Equity | ₹7.48 Cr | 0.80% |
| Cummins India Ltd | Equity | ₹6.86 Cr | 0.74% |
| Future on Oil & Natural Gas Corp Ltd | Equity - Future | ₹6.75 Cr | 0.73% |
| Oil & Natural Gas Corp Ltd | Equity | ₹6.73 Cr | 0.72% |
| Titan Company Limited_30/03/2026 | Equity - Future | ₹6.61 Cr | 0.71% |
| Titan Co Ltd | Equity | ₹6.59 Cr | 0.71% |
| Future on ITC Hotels Ltd | Equity - Future | ₹6.55 Cr | 0.71% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹5.93 Cr | 0.64% |
| Bharat Electronics Ltd | Equity | ₹5.91 Cr | 0.64% |
| Power Finance Corp Ltd | Equity | ₹5.79 Cr | 0.62% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹5.18 Cr | 0.56% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5.14 Cr | 0.55% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹5.11 Cr | 0.55% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹5.09 Cr | 0.55% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.08 Cr | 0.55% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹5.06 Cr | 0.54% |
| Rec Limited | Bond - Corporate Bond | ₹5.06 Cr | 0.54% |
| Vedanta Limited | Bond - Corporate Bond | ₹5.05 Cr | 0.54% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.05 Cr | 0.54% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.03 Cr | 0.54% |
| 7.05% Rajasthan Sdl 2031 | Bond - Gov't/Treasury | ₹5.01 Cr | 0.54% |
| Adani Power Ltd | Bond - Corporate Bond | ₹4.99 Cr | 0.54% |
| Jindal Steel Ltd | Equity | ₹4.93 Cr | 0.53% |
| HDFC Life Insurance Co Ltd | Equity | ₹4.29 Cr | 0.46% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹4.22 Cr | 0.45% |
| Future on AU Small Finance Bank Ltd | Equity - Future | ₹4.04 Cr | 0.43% |
| AU Small Finance Bank Ltd | Equity | ₹4.03 Cr | 0.43% |
| Max Financial Services Ltd | Equity | ₹3.63 Cr | 0.39% |
| Eicher Motors Ltd | Equity | ₹3.6 Cr | 0.39% |
| ITC Hotels Ltd | Equity | ₹3.41 Cr | 0.37% |
| Tech Mahindra Ltd | Equity | ₹3.39 Cr | 0.37% |
| Hindustan Unilever Ltd | Equity | ₹3.04 Cr | 0.33% |
| HCL Technologies Ltd | Equity | ₹2.78 Cr | 0.30% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹2.01 Cr | 0.22% |
| Future on DLF Ltd | Equity - Future | ₹2 Cr | 0.22% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹2 Cr | 0.21% |
| DLF Ltd | Equity | ₹1.99 Cr | 0.21% |
| Coal India Ltd | Equity | ₹1.94 Cr | 0.21% |
| Future on Power Grid Corp Of India Ltd | Equity - Future | ₹1.83 Cr | 0.20% |
| Power Grid Corp Of India Ltd | Equity | ₹1.82 Cr | 0.20% |
| Future on JSW Steel Ltd | Equity - Future | ₹1.72 Cr | 0.18% |
| JSW Steel Ltd | Equity | ₹1.71 Cr | 0.18% |
| Future on State Bank of India | Equity - Future | ₹1.54 Cr | 0.17% |
| Tata Motors Passenger Vehicles Ltd | Equity | ₹1.34 Cr | 0.14% |
| Tata Consultancy Services Ltd | Equity | ₹1.32 Cr | 0.14% |
| Future on Tech Mahindra Ltd | Equity - Future | ₹1.23 Cr | 0.13% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹1.01 Cr | 0.11% |
| Telangana State Industrial Infrastructure Corporation Limited | Bond - Corporate Bond | ₹1.01 Cr | 0.11% |
| Future on NTPC Ltd | Equity - Future | ₹0.8 Cr | 0.09% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹0.63 Cr | 0.07% |
| Ambuja Cements Ltd | Equity | ₹0.63 Cr | 0.07% |
| Future on Varun Beverages Ltd | Equity - Future | ₹0.46 Cr | 0.05% |
| Varun Beverages Ltd | Equity | ₹0.46 Cr | 0.05% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.19 Cr | 0.02% |
| Future on Bank of Baroda | Equity - Future | ₹0.09 Cr | 0.01% |
| Bank of Baroda | Equity | ₹0.09 Cr | 0.01% |
| Kwality Walls India Ltd | Equity | ₹0.03 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
93.76%
Mid Cap Stocks
9.13%
Small Cap Stocks
--
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹244.89 Cr | 26.35% |
| Consumer Cyclical | ₹122.56 Cr | 13.19% |
| Industrials | ₹59.19 Cr | 6.37% |
| Energy | ₹51.46 Cr | 5.54% |
| Basic Materials | ₹50.62 Cr | 5.45% |
| Communication Services | ₹27.34 Cr | 2.94% |
| Healthcare | ₹21.78 Cr | 2.34% |
| Technology | ₹19.82 Cr | 2.13% |
| Consumer Defensive | ₹16.33 Cr | 1.76% |
| Utilities | ₹15.59 Cr | 1.68% |
| Real Estate | ₹1.99 Cr | 0.21% |
Risk & Performance Ratios
Standard Deviation
This fund
3.43%
Cat. avg.
4.33%
Lower the better
Sharpe Ratio
This fund
1.00
Cat. avg.
0.85
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.45
Higher the better
Fund Managers
Ashutosh Bhargava
Since April 2024
HV
Herin Visaria
Since March 2025
SB
Sushil Budhia
Since February 2020
LM
Lokesh Maru
Since September 2025
DS
Divya Sharma
Since September 2025
Additional Scheme Detailsas of 28th February 2026
ISIN INF204KA1W77 | Expense Ratio 0.49% | Exit Load 1.00% | Fund Size ₹929 Cr | Age 10 years 9 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY Equity Savings TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Equity Savings Funds
About the AMC
Nippon India Mutual Fund
Total AUM
₹7,53,043 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Nippon India Equity Savings Fund Direct Growth?
The NAV of Nippon India Equity Savings Fund Direct Growth, as of 20-Mar-2026, is ₹17.86.
What are the returns of Nippon India Equity Savings Fund Direct Growth?
The fund has generated 5.52% over the last 1 year and 9.56% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Nippon India Equity Savings Fund Direct Growth?
The fund's allocation of assets is distributed as 110.23% in equities, 22.70% in bonds, and -32.93% in cash and cash equivalents.
Who manages the Nippon India Equity Savings Fund Direct Growth?
The fund managers responsible for Nippon India Equity Savings Fund Direct Growth are:-
- Ashutosh Bhargava
- Herin Visaria
- Sushil Budhia
- Lokesh Maru
- Divya Sharma
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
