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Nippon India Equity Savings Fund Direct Growth
HybridEquity SavingsModerate Risk
Direct
NAV (09-Mar-26)
₹18.00-0.60%1D
Returns (Since Inception)
5.60%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹933 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 10 days, having been launched on 30-May-15.
As of 09-Mar-26, it has a Net Asset Value (NAV) of ₹18.00, Assets Under Management (AUM) of 933.24 Crores, and an expense ratio of 0.49%.
As of 09-Mar-26, it has a Net Asset Value (NAV) of ₹18.00, Assets Under Management (AUM) of 933.24 Crores, and an expense ratio of 0.49%.
- Nippon India Equity Savings Fund Direct Growth has given a CAGR return of 5.60% since inception.
- The fund's asset allocation comprises around 25.60% in equities, 22.53% in debts, and 51.88% 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
+7.52%
+7.40% (Cat Avg.)
3 Years
+9.53%
+9.82% (Cat Avg.)
5 Years
+7.94%
+8.49% (Cat Avg.)
10 Years
+6.03%
+8.52% (Cat Avg.)
Since Inception
+5.60%
— (Cat Avg.)
Portfolio Summaryas of 31st January 2026
| Equity | ₹238.9 Cr | 25.60% |
| Debt | ₹210.22 Cr | 22.53% |
| Others | ₹484.12 Cr | 51.88% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹398.49 Cr | 42.70% |
| ICICI Bank Ltd | Equity | ₹77.29 Cr | 8.28% |
| HDFC Bank Ltd | Equity | ₹56.32 Cr | 6.04% |
| Icici Bank Limited_24/02/2026 | Equity - Future | ₹-54.52 Cr | 5.84% |
| Mahindra & Mahindra Ltd | Equity | ₹49.56 Cr | 5.31% |
| Cash Margin - Derivatives | Cash - Collateral | ₹48.45 Cr | 5.19% |
| Vedanta Ltd | Equity | ₹44.36 Cr | 4.75% |
| Reliance Industries Ltd | Equity | ₹42.84 Cr | 4.59% |
| Larsen & Toubro Ltd | Equity | ₹40.84 Cr | 4.38% |
| Mahindra & Mahindra Limited_24/02/2026 | Equity - Future | ₹-39.45 Cr | 4.23% |
| Kotak Mahindra Bank Limited_24/02/2026 | Equity - Future | ₹-37.64 Cr | 4.03% |
| Kotak Mahindra Bank Ltd | Equity | ₹37.45 Cr | 4.01% |
| Vedanta Limited_24/02/2026 | Equity - Future | ₹-36.68 Cr | 3.93% |
| 7.32% Gs 2030 | Bond - Gov't/Treasury | ₹36.28 Cr | 3.89% |
| Hdfc Bank Limited_24/02/2026 | Equity - Future | ₹-34 Cr | 3.64% |
| Larsen & Toubro Limited_24/02/2026 | Equity - Future | ₹-31.87 Cr | 3.42% |
| Bharti Airtel Ltd | Equity | ₹28.64 Cr | 3.07% |
| Triparty Repo | Cash - Repurchase Agreement | ₹27.24 Cr | 2.92% |
| Axis Bank Ltd | Equity | ₹26.29 Cr | 2.82% |
| 7.26% Gs 2033 | Bond - Gov't/Treasury | ₹25.75 Cr | 2.76% |
| Reliance Industries Limited_24/02/2026 | Equity - Future | ₹-25.05 Cr | 2.68% |
| Grasim Industries Ltd | Equity | ₹22.51 Cr | 2.41% |
| Infosys Ltd | Equity | ₹20.49 Cr | 2.20% |
| Bharti Airtel Limited_24/02/2026 | Equity - Future | ₹-18.85 Cr | 2.02% |
| Grasim Industries Limited_24/02/2026 | Equity - Future | ₹-18.69 Cr | 2.00% |
| Axis Bank Limited_24/02/2026 | Equity - Future | ₹-18.11 Cr | 1.94% |
| 7.10% Gs 2029 | Bond - Gov't/Treasury | ₹15.45 Cr | 1.66% |
| State Bank of India | Equity | ₹15 Cr | 1.61% |
| Lupin Limited_24/02/2026 | Equity - Future | ₹-14.83 Cr | 1.59% |
| Lupin Ltd | Equity | ₹14.82 Cr | 1.59% |
| HCL Technologies Ltd | Equity | ₹13.84 Cr | 1.48% |
| NTPC Ltd | Equity | ₹12.84 Cr | 1.38% |
| Icici Prudential Life Insurance Company Limited_24/02/2026 | Equity - Future | ₹-12.76 Cr | 1.37% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹12.72 Cr | 1.36% |
| Eternal Ltd | Equity | ₹11.17 Cr | 1.20% |
| Hcl Technologies Limited_24/02/2026 | Equity - Future | ₹-10.47 Cr | 1.12% |
| 7.41% Gs 2036 | Bond - Gov't/Treasury | ₹10.4 Cr | 1.11% |
| 7.26% Gs 2032 | Bond - Gov't/Treasury | ₹10.31 Cr | 1.11% |
| 7.17% Gs 2030 | Bond - Gov't/Treasury | ₹10.29 Cr | 1.10% |
| Godrej Housing Finance Limited | Bond - Corporate Bond | ₹10.08 Cr | 1.08% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹10.06 Cr | 1.08% |
| Kotak Mahindra Investments Ltd. 7.61% | Bond - Corporate Bond | ₹10 Cr | 1.07% |
| Tata Steel Limited_24/02/2026 | Equity - Future | ₹-9.9 Cr | 1.06% |
| Tata Steel Ltd | Equity | ₹9.88 Cr | 1.06% |
| Net Current Assets | Cash | ₹9.86 Cr | 1.06% |
| Rec Limited | Bond - Corporate Bond | ₹9.83 Cr | 1.05% |
| Power Finance Corp Ltd | Equity | ₹8.86 Cr | 0.95% |
| Maruti Suzuki India Ltd | Equity | ₹8.84 Cr | 0.95% |
| Tata Motors Ltd | Equity | ₹7.71 Cr | 0.83% |
| Bajaj Auto Ltd | Equity | ₹7.2 Cr | 0.77% |
| ITC Ltd | Equity | ₹6.44 Cr | 0.69% |
| Eternal Limited_24/02/2026 | Equity - Future | ₹-5.99 Cr | 0.64% |
| Bharat Electronics Ltd | Equity | ₹5.96 Cr | 0.64% |
| Cummins India Ltd | Equity | ₹5.76 Cr | 0.62% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹5.45 Cr | 0.58% |
| Tata Consultancy Services Ltd | Equity | ₹5.33 Cr | 0.57% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹5.17 Cr | 0.55% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹5.14 Cr | 0.55% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5.14 Cr | 0.55% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹5.1 Cr | 0.55% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.07 Cr | 0.54% |
| Rec Limited | Bond - Corporate Bond | ₹5.05 Cr | 0.54% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.04 Cr | 0.54% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹5.03 Cr | 0.54% |
| Vedanta Limited | Bond - Corporate Bond | ₹5.03 Cr | 0.54% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.54% |
| Adani Power Limited 8.2% | Bond - Corporate Bond | ₹4.98 Cr | 0.53% |
| 7.05% Rajasthan Sdl 2031 | Bond - Gov't/Treasury | ₹4.98 Cr | 0.53% |
| Infosys Limited_24/02/2026 | Equity - Future | ₹-4.93 Cr | 0.53% |
| Jindal Steel Ltd | Equity | ₹4.49 Cr | 0.48% |
| HDFC Life Insurance Co Ltd | Equity | ₹4.39 Cr | 0.47% |
| Tech Mahindra Ltd | Equity | ₹4.36 Cr | 0.47% |
| Sun Pharmaceutical Industries Limited_24/02/2026 | Equity - Future | ₹-3.85 Cr | 0.41% |
| Tata Consultancy Services Limited_24/02/2026 | Equity - Future | ₹-3.79 Cr | 0.41% |
| Power Finance Corporation Limited_24/02/2026 | Equity - Future | ₹-3.53 Cr | 0.38% |
| ITC Hotels Ltd | Equity | ₹3.5 Cr | 0.38% |
| Max Financial Services Ltd | Equity | ₹3.23 Cr | 0.35% |
| Eicher Motors Ltd | Equity | ₹3.21 Cr | 0.34% |
| Hindustan Unilever Ltd | Equity | ₹3.08 Cr | 0.33% |
| Hindustan Aeronautics Limited_24/02/2026 | Equity - Future | ₹-2.36 Cr | 0.25% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹2.36 Cr | 0.25% |
| Dlf Limited_24/02/2026 | Equity - Future | ₹-2.1 Cr | 0.23% |
| DLF Ltd | Equity | ₹2.1 Cr | 0.22% |
| Coal India Ltd | Equity | ₹1.98 Cr | 0.21% |
| Jsw Steel Limited_24/02/2026 | Equity - Future | ₹-1.65 Cr | 0.18% |
| JSW Steel Ltd | Equity | ₹1.64 Cr | 0.18% |
| Tech Mahindra Limited_24/02/2026 | Equity - Future | ₹-1.57 Cr | 0.17% |
| Power Grid Corp Of India Ltd | Equity | ₹1.56 Cr | 0.17% |
| Power Grid Corporation Of India Limited_24/02/2026 | Equity - Future | ₹-1.55 Cr | 0.17% |
| State Bank Of India_24/02/2026 | Equity - Future | ₹-1.38 Cr | 0.15% |
| Tata Motors Passenger Vehicles Ltd | Equity | ₹1.23 Cr | 0.13% |
| Bharat Electronics Limited_24/02/2026 | Equity - Future | ₹-1.03 Cr | 0.11% |
| Telangana State Industrial Infrastructure Corporation Limited | Bond - Corporate Bond | ₹1.01 Cr | 0.11% |
| Ntpc Limited_24/02/2026 | Equity - Future | ₹-0.74 Cr | 0.08% |
| Ambuja Cements Limited_24/02/2026 | Equity - Future | ₹-0.64 Cr | 0.07% |
| Ambuja Cements Ltd | Equity | ₹0.64 Cr | 0.07% |
| UPL Ltd | Equity | ₹0.61 Cr | 0.06% |
| Varun Beverages Ltd | Equity | ₹0.48 Cr | 0.05% |
| Varun Beverages Limited_24/02/2026 | Equity - Future | ₹-0.48 Cr | 0.05% |
| Bank Of Baroda_24/02/2026 | Equity - Future | ₹-0.09 Cr | 0.01% |
| Bank of Baroda | Equity | ₹0.09 Cr | 0.01% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.08 Cr | 0.01% |
| Kwality Walls (India) Limited** | Equity | ₹0.05 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
64.07%
Mid Cap Stocks
4.22%
Small Cap Stocks
--
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹241.64 Cr | 25.89% |
| Consumer Cyclical | ₹92.4 Cr | 9.90% |
| Basic Materials | ₹84.13 Cr | 9.01% |
| Industrials | ₹54.91 Cr | 5.88% |
| Energy | ₹44.82 Cr | 4.80% |
| Technology | ₹44.02 Cr | 4.72% |
| Communication Services | ₹28.64 Cr | 3.07% |
| Healthcare | ₹20.27 Cr | 2.17% |
| Utilities | ₹14.4 Cr | 1.54% |
| Consumer Defensive | ₹10.01 Cr | 1.07% |
| Real Estate | ₹2.1 Cr | 0.22% |
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 31st January 2026
ISIN INF204KA1W77 | Expense Ratio 0.49% | Exit Load 1.00% | Fund Size ₹933 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 09-Mar-2026, is ₹18.00.
What are the returns of Nippon India Equity Savings Fund Direct Growth?
The fund has generated 7.52% over the last 1 year and 9.53% 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 25.60% in equities, 22.53% in bonds, and 51.88% 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.
