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Nippon India Equity Savings Fund Direct Growth
HybridEquity SavingsModerate Risk
Direct
NAV (20-Apr-26)
₹18.190.15%1D
Returns (Since Inception)
5.65%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹850 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, 10 months and 22 days, having been launched on 30-May-15.
As of 20-Apr-26, it has a Net Asset Value (NAV) of ₹18.19, Assets Under Management (AUM) of 850.28 Crores, and an expense ratio of 0.49%.
As of 20-Apr-26, it has a Net Asset Value (NAV) of ₹18.19, Assets Under Management (AUM) of 850.28 Crores, and an expense ratio of 0.49%.
- Nippon India Equity Savings Fund Direct Growth has given a CAGR return of 5.65% since inception.
- The fund's asset allocation comprises around 109.35% in equities, 24.40% in debts, and -33.75% 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
+6.08%
+5.53% (Cat Avg.)
3 Years
+8.64%
+9.92% (Cat Avg.)
5 Years
+8.77%
+8.77% (Cat Avg.)
10 Years
+5.82%
+8.36% (Cat Avg.)
Since Inception
+5.65%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2026
| Equity | ₹929.76 Cr | 109.35% |
| Debt | ₹207.46 Cr | 24.40% |
| Others | ₹-286.94 Cr | -33.75% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹-359.19 Cr | 42.24% |
| ICICI Bank Ltd | Equity | ₹68.78 Cr | 8.09% |
| HDFC Bank Ltd | Equity | ₹54.36 Cr | 6.39% |
| Future on ICICI Bank Ltd | Equity - Future | ₹48.52 Cr | 5.71% |
| Bharti Airtel Ltd | Equity | ₹44.81 Cr | 5.27% |
| Mahindra & Mahindra Ltd | Equity | ₹42.67 Cr | 5.02% |
| Reliance Industries Ltd | Equity | ₹41.26 Cr | 4.85% |
| Hdfc Bank Limited_28/04/2026 | Equity - Future | ₹36.87 Cr | 4.34% |
| Larsen & Toubro Ltd | Equity | ₹36.39 Cr | 4.28% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹36.06 Cr | 4.24% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹35.57 Cr | 4.18% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹33.96 Cr | 3.99% |
| Cash Margin - Derivatives | Cash - Collateral | ₹33.45 Cr | 3.93% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹32.55 Cr | 3.83% |
| Kotak Mahindra Bank Ltd | Equity | ₹32.44 Cr | 3.82% |
| Eternal Ltd | Equity | ₹31.23 Cr | 3.67% |
| Net Current Assets | Cash | ₹28.98 Cr | 3.41% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹28.42 Cr | 3.34% |
| Eternal Limited_28/04/2026 | Equity - Future | ₹26.95 Cr | 3.17% |
| Future on Reliance Industries Ltd | Equity - Future | ₹24.15 Cr | 2.84% |
| Axis Bank Ltd | Equity | ₹22.28 Cr | 2.62% |
| Grasim Industries Ltd | Equity | ₹20.42 Cr | 2.40% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹20.33 Cr | 2.39% |
| Future on Grasim Industries Ltd | Equity - Future | ₹16.91 Cr | 1.99% |
| Future on Axis Bank Ltd | Equity - Future | ₹15.4 Cr | 1.81% |
| 7.1% Govt Stock 2029 | Bond - Gov't/Treasury | ₹15.25 Cr | 1.79% |
| NTPC Ltd | Equity | ₹13.37 Cr | 1.57% |
| Infosys Ltd | Equity | ₹11.86 Cr | 1.40% |
| ITC Ltd | Equity | ₹11.74 Cr | 1.38% |
| Future on Tata Steel Ltd | Equity - Future | ₹11.64 Cr | 1.37% |
| Tata Steel Ltd | Equity | ₹11.61 Cr | 1.37% |
| State Bank of India | Equity | ₹10.4 Cr | 1.22% |
| Future on ICICI Prudential Life Insurance Co Ltd | Equity - Future | ₹10.33 Cr | 1.21% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹10.28 Cr | 1.21% |
| 7.41% Govt Stock 2036 | Bond - Gov't/Treasury | ₹10.19 Cr | 1.20% |
| 7.17% Govt Stock 2030 | Bond - Gov't/Treasury | ₹10.13 Cr | 1.19% |
| 7.26% Govt Stock 2032 | Bond - Gov't/Treasury | ₹10.1 Cr | 1.19% |
| Godrej Housing Finance Limited | Bond - Corporate Bond | ₹10.03 Cr | 1.18% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.98 Cr | 1.17% |
| Kotak Mahindra Investments Limited | Bond - Corporate Bond | ₹9.94 Cr | 1.17% |
| Triparty Repo | Cash - Repurchase Agreement | ₹9.74 Cr | 1.15% |
| Rec Limited | Bond - Corporate Bond | ₹9.73 Cr | 1.14% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹8.99 Cr | 1.06% |
| Vedanta Ltd | Equity | ₹7.53 Cr | 0.89% |
| Maruti Suzuki India Ltd | Equity | ₹7.45 Cr | 0.88% |
| Future on Oil & Natural Gas Corp Ltd | Equity - Future | ₹6.86 Cr | 0.81% |
| Oil & Natural Gas Corp Ltd | Equity | ₹6.85 Cr | 0.81% |
| Tata Motors Ltd | Equity | ₹6.64 Cr | 0.78% |
| Bajaj Auto Ltd | Equity | ₹6.59 Cr | 0.77% |
| Cummins India Ltd | Equity | ₹6.3 Cr | 0.74% |
| Titan Company Limited_28/04/2026 | Equity - Future | ₹6.03 Cr | 0.71% |
| Titan Co Ltd | Equity | ₹6.02 Cr | 0.71% |
| Future on ITC Hotels Ltd | Equity - Future | ₹6.01 Cr | 0.71% |
| Bharat Electronics Ltd | Equity | ₹5.32 Cr | 0.63% |
| Power Finance Corp Ltd | Equity | ₹5.31 Cr | 0.62% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹5.11 Cr | 0.60% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5.09 Cr | 0.60% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹5.06 Cr | 0.60% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹5.06 Cr | 0.59% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.03 Cr | 0.59% |
| Vedanta Limited | Bond - Corporate Bond | ₹5.03 Cr | 0.59% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.59% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.59% |
| Rec Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.59% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.01 Cr | 0.59% |
| Adani Power Limited | Bond - Corporate Bond | ₹4.97 Cr | 0.58% |
| 7.05% Rajasthan Sdl 2031 | Bond - Gov't/Treasury | ₹4.93 Cr | 0.58% |
| Vastu Finserve India Private Limited | Bond - Corporate Bond | ₹4.88 Cr | 0.57% |
| Jindal Steel Ltd | Equity | ₹4.41 Cr | 0.52% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹4.26 Cr | 0.50% |
| Future on AU Small Finance Bank Ltd | Equity - Future | ₹3.56 Cr | 0.42% |
| HDFC Life Insurance Co Ltd | Equity | ₹3.54 Cr | 0.42% |
| AU Small Finance Bank Ltd | Equity | ₹3.54 Cr | 0.42% |
| Max Financial Services Ltd | Equity | ₹2.98 Cr | 0.35% |
| Eicher Motors Ltd | Equity | ₹2.96 Cr | 0.35% |
| HCL Technologies Ltd | Equity | ₹2.68 Cr | 0.32% |
| Hindustan Unilever Ltd | Equity | ₹2.67 Cr | 0.31% |
| ITC Hotels Ltd | Equity | ₹2.67 Cr | 0.31% |
| Tech Mahindra Ltd | Equity | ₹2.21 Cr | 0.26% |
| Coal India Ltd | Equity | ₹2.03 Cr | 0.24% |
| Future on Power Grid Corp Of India Ltd | Equity - Future | ₹1.8 Cr | 0.21% |
| Power Grid Corp Of India Ltd | Equity | ₹1.8 Cr | 0.21% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹1.79 Cr | 0.21% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹1.78 Cr | 0.21% |
| Future on DLF Ltd | Equity - Future | ₹1.67 Cr | 0.20% |
| DLF Ltd | Equity | ₹1.66 Cr | 0.20% |
| Future on JSW Steel Ltd | Equity - Future | ₹1.52 Cr | 0.18% |
| JSW Steel Ltd | Equity | ₹1.52 Cr | 0.18% |
| Future on State Bank of India | Equity - Future | ₹1.25 Cr | 0.15% |
| Tata Consultancy Services Ltd | Equity | ₹1.18 Cr | 0.14% |
| Tata Motors Passenger Vehicles Ltd | Equity | ₹1.04 Cr | 0.12% |
| Telangana State Industrial Infrastructure Corporation Limited | Bond - Corporate Bond | ₹1.01 Cr | 0.12% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹0.92 Cr | 0.11% |
| Future on NTPC Ltd | Equity - Future | ₹0.78 Cr | 0.09% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹0.51 Cr | 0.06% |
| Ambuja Cements Ltd | Equity | ₹0.51 Cr | 0.06% |
| Future on Varun Beverages Ltd | Equity - Future | ₹0.39 Cr | 0.05% |
| Varun Beverages Ltd | Equity | ₹0.39 Cr | 0.05% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.09 Cr | 0.01% |
| Future on Bank of Baroda | Equity - Future | ₹0.07 Cr | 0.01% |
| Bank of Baroda | Equity | ₹0.07 Cr | 0.01% |
| Kwality Walls India Ltd | Equity | ₹0.03 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
95.98%
Mid Cap Stocks
5.15%
Small Cap Stocks
--
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹213.99 Cr | 25.17% |
| Consumer Cyclical | ₹107.25 Cr | 12.61% |
| Energy | ₹50.14 Cr | 5.90% |
| Industrials | ₹49.79 Cr | 5.86% |
| Basic Materials | ₹45.99 Cr | 5.41% |
| Communication Services | ₹44.81 Cr | 5.27% |
| Technology | ₹17.94 Cr | 2.11% |
| Utilities | ₹15.17 Cr | 1.78% |
| Consumer Defensive | ₹14.83 Cr | 1.74% |
| Healthcare | ₹8.99 Cr | 1.06% |
| Real Estate | ₹1.66 Cr | 0.20% |
Risk & Performance Ratios
Standard Deviation
This fund
3.73%
Cat. avg.
5.00%
Lower the better
Sharpe Ratio
This fund
0.35
Cat. avg.
0.46
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.68
Higher the better
Fund Managers
Ashutosh Bhargava
Since April 2024
HV
Herin Visaria
Since March 2025
SB
Sushil Budhia
Since February 2020
AS
Amber Singhania
Since March 2026
Additional Scheme Detailsas of 31st March 2026
ISIN INF204KA1W77 | Expense Ratio 0.49% | Exit Load 1.00% | Fund Size ₹850 Cr | Age 10 years 10 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
₹7,58,994 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-Apr-2026, is ₹18.19.
What are the returns of Nippon India Equity Savings Fund Direct Growth?
The fund has generated 6.08% over the last 1 year and 8.64% 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 109.35% in equities, 24.40% in bonds, and -33.75% 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
- Amber Singhania
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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.
