Nippon India Innovation Fund Direct Growth

Fund Overview

Fund Size

₹2,564 Cr

Expense Ratio

0.63%

ISIN

INF204KC1BO3

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

28 Aug 2023

About this fund

Nippon India Innovation Fund Direct Growth is a Equity - Other mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 1 years, 10 months and 11 days, having been launched on 28-Aug-23.
As of 08-Jul-25, it has a Net Asset Value (NAV) of ₹14.57, Assets Under Management (AUM) of 2564.45 Crores, and an expense ratio of 0.63%.

Nippon India Innovation Fund Direct Growth has given a CAGR return of 22.38% since inception.
The fund's asset allocation comprises around 97.35% in equities, 0.00% in debts, and 2.65% in cash & cash equivalents.
You can start investing in Nippon India Innovation Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹500.

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

+0.79%

— (Cat Avg.)

Since Inception

+22.38%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2025

Equity	₹2,496.5 Cr	97.35%
Others	₹67.95 Cr	2.65%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
3M India Ltd	Equity	₹105.81 Cr	4.13%
Avenue Supermarts Ltd	Equity	₹102.72 Cr	4.01%
GE Vernova T&D India Ltd	Equity	₹97.71 Cr	3.81%
Axis Bank Ltd	Equity	₹97.16 Cr	3.79%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹94.3 Cr	3.68%
Bajaj Finserv Ltd	Equity	₹92.54 Cr	3.61%
Eternal Ltd	Equity	₹79.83 Cr	3.11%
Tata Consumer Products Ltd	Equity	₹76.8 Cr	2.99%
Delhivery Ltd	Equity	₹75.9 Cr	2.96%
Triparty Repo	Cash - Repurchase Agreement	₹72.83 Cr	2.84%
FSN E-Commerce Ventures Ltd	Equity	₹72.34 Cr	2.82%
Info Edge (India) Ltd	Equity	₹71.35 Cr	2.78%
Tata Motors Ltd	Equity	₹69.95 Cr	2.73%
Samvardhana Motherson International Ltd	Equity	₹69.82 Cr	2.72%
Swiggy Ltd	Equity	₹69.79 Cr	2.72%
ICICI Bank Ltd	Equity	₹68.68 Cr	2.68%
Jubilant Foodworks Ltd	Equity	₹65.56 Cr	2.56%
HDFC Bank Ltd	Equity	₹64.18 Cr	2.50%
Syngene International Ltd	Equity	₹63.4 Cr	2.47%
Siemens Ltd	Equity	₹60.92 Cr	2.38%
Affle 3i Ltd	Equity	₹60.76 Cr	2.37%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹59.44 Cr	2.32%
Bajaj Finance Ltd	Equity	₹57.84 Cr	2.26%
Motherson Sumi Wiring India Ltd	Equity	₹51.97 Cr	2.03%
Krishna Institute of Medical Sciences Ltd	Equity	₹51.32 Cr	2.00%
Hero MotoCorp Ltd	Equity	₹49.88 Cr	1.94%
IndusInd Bank Ltd	Equity	₹49.47 Cr	1.93%
Reliance Industries Ltd	Equity	₹47.03 Cr	1.83%
Siemens Engy Ind	Equity	₹46.23 Cr	1.80%
One97 Communications Ltd	Equity	₹43.26 Cr	1.69%
Hyundai Motor India Ltd	Equity	₹42.31 Cr	1.65%
Tejas Networks Ltd	Equity	₹40.38 Cr	1.57%
eMudhra Ltd	Equity	₹36.12 Cr	1.41%
Bosch Ltd	Equity	₹35.75 Cr	1.39%
Timken India Ltd	Equity	₹31.11 Cr	1.21%
Restaurant Brands Asia Ltd Ordinary Shares	Equity	₹30.73 Cr	1.20%
Sanofi Consumer Healthcare India Ltd	Equity	₹30.67 Cr	1.20%
Honeywell Automation India Ltd	Equity	₹29.96 Cr	1.17%
Honasa Consumer Ltd	Equity	₹27.25 Cr	1.06%
PB Fintech Ltd	Equity	₹26.42 Cr	1.03%
Sonata Software Ltd	Equity	₹25.82 Cr	1.01%
Sapphire Foods India Ltd	Equity	₹24.07 Cr	0.94%
Bayer CropScience Ltd	Equity	₹22.64 Cr	0.88%
Sanofi India Ltd	Equity	₹21.12 Cr	0.82%
TBO Tek Ltd	Equity	₹19.26 Cr	0.75%
Kirloskar Oil Engines Ltd	Equity	₹19.23 Cr	0.75%
Ola Electric Mobility Ltd	Equity	₹17.73 Cr	0.69%
Net Current Assets	Cash	₹-4.92 Cr	0.19%
Cash Margin - Ccil	Cash - Collateral	₹0.04 Cr	0.00%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹793.27 Cr	30.93%
Financial Services	₹515.73 Cr	20.11%
Industrials	₹420.63 Cr	16.40%
Consumer Defensive	₹206.78 Cr	8.06%
Healthcare	₹166.51 Cr	6.49%
Technology	₹145.58 Cr	5.68%
Communication Services	₹132.1 Cr	5.15%
Energy	₹47.03 Cr	1.83%
Basic Materials	₹22.64 Cr	0.88%

Risk & Performance Ratios

Fund Managers

Vinay Sharma

Since August 2023

Kinjal Desai

Since August 2023

Rishit Parikh

Since August 2024

Additional Scheme Detailsas of 31st May 2025

ISIN

INF204KC1BO3

Expense Ratio

0.63%

Exit Load

1.00%

Fund Size

₹2,564 Cr

Age

1 year 10 months

Lumpsum Minimum

₹500

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 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 - Other Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HDFC Innovation Fund Direct Growth Very High Risk	-	1.0%	-	-
HDFC Innovation Fund Regular Growth Very High Risk	-	1.0%	-	-
Mirae Asset Nifty India Internet ETF Very High Risk	-	-	-	-
Motilal Oswal Nifty India Tourism ETF Very High Risk	-	-	-	-
Motilal Oswal Nifty India Manufacturing ETF Very High Risk	0.3%	-	₹5.27 Cr	-
Motilal Oswal Services Fund Direct Growth Very High Risk	2.6%	1.0%	-	-
Motilal Oswal Services Fund Regular Growth Very High Risk	2.7%	1.0%	-	-
ICICI Prudential Quality Fund Direct Growth Very High Risk	0.7%	1.0%	₹1801.45 Cr	-
ICICI Prudential Quality Fund Regular Growth Very High Risk	2.1%	1.0%	₹1801.45 Cr	-
Motilal Oswal Nifty Capital Market ETF Very High Risk	0.5%	-	₹4.63 Cr	-
Axis Nifty500 Momentum 50 ETF Very High Risk	-	-	-	-
Mirae Asset BSE Select IPO ETF Very High Risk	0.4%	-	₹18.06 Cr	-
Mirae Asset BSE Select IPO ETF Fund of Fund Regular Growth Very High Risk	1.0%	0.0%	₹9.66 Cr	-
Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth Very High Risk	0.4%	0.0%	₹9.66 Cr	-
Motilal Oswal Active Momentum Fund Direct Growth Very High Risk	2.6%	1.0%	₹105.07 Cr	-
Motilal Oswal Active Momentum Fund Regular Growth Very High Risk	2.7%	1.0%	₹105.07 Cr	-
Nippon India Active Momentum Fund Regular Growth Very High Risk	1.7%	1.0%	₹180.01 Cr	-
Nippon India Active Momentum Fund Direct Growth Very High Risk	0.7%	1.0%	₹180.01 Cr	-
Groww Nifty 200 ETF Very High Risk	0.3%	-	₹12.13 Cr	-
Groww Nifty 200 ETF FoF Direct Growth Very High Risk	0.1%	1.0%	₹4.05 Cr	-
Groww Nifty 200 ETF FoF Regular Growth Very High Risk	0.7%	1.0%	₹4.05 Cr	-
Invesco India Business Cycle Fund Direct Growth Very High Risk	0.7%	0.0%	₹350.15 Cr	-
Invesco India Business Cycle Fund Regular Growth Very High Risk	2.4%	0.0%	₹350.15 Cr	-
Kotak MSCI India ETF Very High Risk	0.4%	-	₹1174.45 Cr	-
Motilal Oswal Innovation Opportunities Fund Direct Growth Very High Risk	1.0%	1.0%	₹224.98 Cr	-
Motilal Oswal Innovation Opportunities Fund Regular Growth Very High Risk	2.4%	1.0%	₹224.98 Cr	-
Groww Nifty India Railways PSU ETF Very High Risk	0.5%	-	₹56.78 Cr	-
ICICI Prudential Rural Opportunities Fund Regular Growth Moderate Risk	2.2%	1.0%	₹1371.41 Cr	-
ICICI Prudential Rural Opportunities Fund Direct Growth Moderate Risk	1.0%	1.0%	₹1371.41 Cr	-
WhiteOak Capital Quality Equity Fund Direct Growth Very High Risk	0.6%	1.0%	₹470.05 Cr	-
WhiteOak Capital Quality Equity Fund Regular Growth Very High Risk	2.4%	1.0%	₹470.05 Cr	-
UTI Quant Fund Regular Growth Very High Risk	2.0%	1.0%	₹1727.34 Cr	-
UTI Quant Fund Direct Growth Very High Risk	0.3%	1.0%	₹1727.34 Cr	-
ICICI Prudential Nifty Auto ETF Very High Risk	0.2%	-	₹124.61 Cr	-5.0%
ICICI Prudential Nifty 200 Quality 30 ETF Very High Risk	0.3%	-	₹182.64 Cr	0.3%
ICICI Prudential Nifty Alpha Low Volatility 30 ETF Very High Risk	0.4%	-	₹1774.63 Cr	-4.7%
Mirae Asset Nifty India New Age Consumption ETF Very High Risk	0.3%	-	₹26.38 Cr	-
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Regular Growth Very High Risk	0.9%	0.0%	₹13.57 Cr	-
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹13.57 Cr	-
Edelweiss BSE Capital Markets & Insurance ETF Very High Risk	0.3%	-	₹15.08 Cr	-
Aditya Birla Sun Life Conglomerate Fund Regular Growth Very High Risk	2.1%	0.0%	₹1580.44 Cr	-
Aditya Birla Sun Life Conglomerate Fund Direct Growth Very High Risk	0.6%	0.0%	₹1580.44 Cr	-
SBI Quant Fund Regular Growth Very High Risk	1.9%	0.0%	₹3750.13 Cr	-
SBI Quant Fund Direct Growth Very High Risk	0.7%	0.0%	₹3750.13 Cr	-
Quantum Ethical Fund Direct Growth Very High Risk	0.8%	1.0%	₹57.47 Cr	-
Quantum Ethical Fund Regular Growth Very High Risk	2.1%	1.0%	₹57.47 Cr	-
Union Active Momentum Fund Direct Growth Very High Risk	1.1%	1.0%	₹445.30 Cr	-
Union Active Momentum Fund Regular Growth Very High Risk	2.4%	1.0%	₹445.30 Cr	-
DSP Business Cycle Fund Direct Growth Very High Risk	0.7%	0.0%	₹1082.24 Cr	-
DSP Business Cycle Fund Regular Growth Very High Risk	2.2%	0.0%	₹1082.24 Cr	-

About the AMC

Nippon India Mutual Fund

022-6808 7000/18602660111

https://mf.nipponindiaim.com/

Total AUM

₹6,36,146 Cr

Address

4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013

Other Funds by Nippon India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Nippon India Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India BSE Sensex Next 30 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹11.77 Cr	-
Nippon India Nifty 500 Quality 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹32.41 Cr	-
Nippon India Fixed Maturity Plan - XLVI - Series 1 - 92 Days Direct Growth Moderately High risk	-	0.0%	-	-
Nippon India Innovation Fund Direct Growth Very High Risk	0.6%	1.0%	₹2564.45 Cr	0.8%
Nippon India Fixed Horizon Fund XLII Series 1 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLII Series 7 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 6 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 5 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 7 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 4 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 6 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Quarterly Series I Direct Growth Low Risk	-	0.0%	₹2.33 Cr	5.7%
Nippon India Fixed Horizon Fund XXXX Series 10 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLIV Series 4 Direct Growth Low to Moderate Risk	-	-	₹51.85 Cr	8.2%
Nippon India Fixed Horizon Fund XLIV Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Annual Series I Direct Growth Low Risk	-	0.0%	₹3.02 Cr	7.1%
Nippon India Fixed Horizon Fund XLIV Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 1 Direct Growth Low to Moderate Risk	-	0.0%	₹220.19 Cr	8.5%
Nippon India Fixed Horizon Fund XLIV Series 1 Direct Growth Low to Moderate Risk	-	0.0%	₹72.20 Cr	9.2%
Nippon India Fixed Horizon Fund - XLIII - Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLIII Series 5 Direct Growth Low to Moderate Risk	-	0.0%	₹179.18 Cr	10.0%
Nippon India Fixed Horizon Fund XXXIX Series 12 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLI Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Capital Protection Oriented Fund II Plan A Direct Growth Low Risk	-	-	₹40.32 Cr	9.7%
Nippon India Interval Fund Quarterly Series III Direct Growth Low Risk	-	0.0%	₹2.74 Cr	5.8%
Nippon India Fixed Horizon Fund XLI Series 13 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XXXX Series 9 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Interval Fund Quarterly Series II Direct Growth Moderate Risk	-	0.0%	₹25.41 Cr	6.7%
Nippon India Fixed Horizon Fund XXXX Series 18 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Interval Fund Monthly Series II Direct Growth Low Risk	-	0.0%	₹3.55 Cr	5.7%
Nippon India Fixed Horizon Fund XXXX Sr 20 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XXXX Series 13 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLV - Series 4 Direct Growth Low to Moderate Risk	-	0.0%	₹111.52 Cr	8.2%
Nippon India Fixed Horizon Fund XLI Series 9 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLI Series 8 Direct Growth Moderate Risk	-	0.0%	₹66.17 Cr	10.2%
Nippon India Interval Fund Monthly Series I Direct Growth Low Risk	-	0.0%	₹2.38 Cr	5.6%
Nippon India Fixed Horizon Fund - XLV - Series 5 Direct Growth Moderately High risk	-	0.0%	₹218.47 Cr	9.5%
Nippon India Fixed Horizon Fund XXXIX Series 13 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 2 Direct Growth Moderate Risk	-	-	-	-
Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹339.84 Cr	10.1%
Nippon India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹14511.18 Cr	7.4%
Nippon India Gilt Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹2061.32 Cr	8.6%
Nippon India Banking & Financial Services Fund Direct Growth Very High Risk	1.0%	1.0%	₹7159.57 Cr	13.9%
Nippon India Power & Infra Fund Direct Growth Very High Risk	0.9%	1.0%	₹7416.88 Cr	-5.4%
Nippon India Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4656.30 Cr	10.5%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Nippon India Innovation Fund Direct Growth?

The NAV of Nippon India Innovation Fund Direct Growth, as of 08-Jul-2025, is ₹14.57.

What is the portfolio composition of Nippon India Innovation Fund Direct Growth?

The fund's allocation of assets is distributed as 97.35% in equities, 0.00% in bonds, and 2.65% in cash and cash equivalents.

Who manages the Nippon India Innovation Fund Direct Growth?

The fund managers responsible for Nippon India Innovation Fund Direct Growth are:-

Vinay Sharma
Kinjal Desai
Rishit Parikh

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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Fund Overview

Fund Size

₹2,564 Cr

Expense Ratio

0.63%

ISIN

INF204KC1BO3

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

28 Aug 2023

Risk Level

Your principal amount will be at Very High Risk