Nippon India Japan Equity Fund Direct Growth

Fund Overview

Fund Size

₹283 Cr

Expense Ratio

1.25%

ISIN

INF204KA1SI1

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

26 Aug 2014

About this fund

Nippon India Japan Equity Fund Direct Growth is a Global - Other mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 11 years, 5 months and 24 days, having been launched on 26-Aug-14.
As of 18-Feb-26, it has a Net Asset Value (NAV) of ₹28.63, Assets Under Management (AUM) of 282.96 Crores, and an expense ratio of 1.25%.

Nippon India Japan Equity Fund Direct Growth has given a CAGR return of 11.02% since inception.
The fund's asset allocation comprises around 97.71% in equities, 0.00% in debts, and 2.29% in cash & cash equivalents.
You can start investing in Nippon India Japan Equity 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

+32.99%

— (Cat Avg.)

3 Years

+20.34%

— (Cat Avg.)

5 Years

+9.89%

— (Cat Avg.)

Since Inception

+11.02%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2026

Equity	₹276.49 Cr	97.71%
Others	₹6.47 Cr	2.29%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Tokyo Electron Ltd	Equity	₹11.84 Cr	4.18%
Komatsu Ltd	Equity	₹10.73 Cr	3.79%
Mitsubishi UFJ Financial Group Inc	Equity	₹10.25 Cr	3.62%
Mitsubishi Heavy Industries Ltd	Equity	₹10.09 Cr	3.57%
Ajinomoto Co Inc	Equity	₹10.09 Cr	3.57%
SMC Corp	Equity	₹10.06 Cr	3.55%
Hitachi Ltd	Equity	₹9.99 Cr	3.53%
Mitsubishi Corp	Equity	₹9.93 Cr	3.51%
Toyota Motor Corp	Equity	₹9.84 Cr	3.48%
Shin-Etsu Chemical Co Ltd	Equity	₹9.71 Cr	3.43%
Fast Retailing Co Ltd	Equity	₹9.48 Cr	3.35%
Dai-ichi Life Holdings Inc	Equity	₹9.43 Cr	3.33%
Tokio Marine Holdings Inc	Equity	₹9.41 Cr	3.32%
Daiwa House Industry Co Ltd	Equity	₹9.33 Cr	3.30%
Nippon Yusen Kabushiki Kaisha	Equity	₹9.33 Cr	3.30%
Keyence Corp	Equity	₹9.1 Cr	3.22%
NTT Inc	Equity	₹9.07 Cr	3.21%
ORIX Corp	Equity	₹9.05 Cr	3.20%
Kao Corp	Equity	₹8.94 Cr	3.16%
Recruit Holdings Co Ltd	Equity	₹8.9 Cr	3.15%
Sumitomo Electric Industries Ltd	Equity	₹8.75 Cr	3.09%
Bridgestone Corp	Equity	₹8.7 Cr	3.07%
East Japan Railway Co	Equity	₹8.67 Cr	3.06%
Mitsui Fudosan Co Ltd	Equity	₹8.42 Cr	2.98%
TDK Corp	Equity	₹8.16 Cr	2.88%
Terumo Corp	Equity	₹7.96 Cr	2.81%
Sony Group Corp	Equity	₹7.96 Cr	2.81%
Otsuka Corp	Equity	₹7.83 Cr	2.77%
Nitori Holdings Co Ltd	Equity	₹7.75 Cr	2.74%
BayCurrent Inc	Equity	₹7.7 Cr	2.72%
Triparty Repo	Cash - Repurchase Agreement	₹7.19 Cr	2.54%
Net Current Assets	Cash	₹-0.73 Cr	0.26%
Cash Margin - Ccil	Cash - Repurchase Agreement	₹0.01 Cr	0.00%
Cash	Cash	₹0 Cr	0.00%

Allocation By Credit Quality (Debt)

UNRATED

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Industrials	₹76.5 Cr	27.04%
Technology	₹44.89 Cr	15.87%
Consumer Cyclical	₹44.52 Cr	15.73%
Financial Services	₹38.14 Cr	13.48%
Consumer Defensive	₹19.03 Cr	6.73%
Communication Services	₹17.97 Cr	6.35%
Real Estate	₹17.75 Cr	6.27%
Basic Materials	₹9.71 Cr	3.43%
Healthcare	₹7.96 Cr	2.81%

Risk & Performance Ratios

Fund Managers

Kinjal Desai

Since May 2018

Lokesh Maru

Since September 2025

Divya Sharma

Since September 2025

Additional Scheme Detailsas of 31st January 2026

ISIN

INF204KA1SI1

Expense Ratio

1.25%

Exit Load

1.00%

Fund Size

₹283 Cr

Age

11 years 5 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

S&P Japan 500 TR JPY

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.

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Kotak NASDAQ 100 Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹3870.28 Cr	16.3%
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Nippon India US Equity Opportunities Fund Direct Growth Very High Risk	1.2%	1.0%	₹747.12 Cr	0.9%
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Mirae Asset NYSE FANG+ ETF Fund of Fund Regular Growth Very High Risk	1.1%	0.0%	₹2256.13 Cr	6.7%
Invesco India - Invesco Pan European Equity Fund of Fund Regular Growth Very High Risk	1.0%	1.0%	₹165.32 Cr	41.0%
Nippon India US Equity Opportunities Fund Regular Growth Very High Risk	2.4%	1.0%	₹747.12 Cr	-0.2%
Invesco India - Invesco Pan European Equity Fund of Fund Direct Growth Very High Risk	0.6%	1.0%	₹165.32 Cr	41.5%
DSP US Flexible Equity Fund Regular Growth Very High Risk	2.4%	0.0%	₹1119.13 Cr	25.0%
Navi NASDAQ 100 Fund of Fund Regular Growth Very High Risk	0.3%	0.0%	₹1086.42 Cr	17.0%
Navi NASDAQ 100 Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹1086.42 Cr	17.2%
Axis Global Equity Alpha Fund of Fund Regular Growth Very High Risk	1.6%	1.0%	₹1762.15 Cr	18.4%
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HSBC Brazil Fund Regular Growth Very High Risk	1.6%	1.0%	₹384.83 Cr	59.1%
PGIM India Global Select Real Estate Securities Fund of Fund Regular Growth Very High Risk	2.1%	0.0%	₹55.66 Cr	19.2%
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Nippon India Japan Equity Fund Regular Growth Very High Risk	2.5%	1.0%	₹282.96 Cr	31.4%
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About the AMC

Nippon India Mutual Fund

022-6808 7000/18602660111

https://mf.nipponindiaim.com/

Total AUM

₹7,25,431 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 Nifty India Manufacturing Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹36.80 Cr	-
Nippon India MNC Fund Direct Growth Very High Risk	1.2%	1.0%	₹425.65 Cr	-
Nippon India Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk	0.1%	0.0%	₹623.45 Cr	-
Nippon India BSE Sensex Next 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹38.01 Cr	-
Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹20.44 Cr	-
Nippon India Nifty 500 Quality 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹43.18 Cr	-
Nippon India Active Momentum Fund Direct Growth Very High Risk	0.7%	1.0%	₹338.26 Cr	-
Nippon India Nifty Auto Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹40.39 Cr	30.4%
Nippon India Nifty Realty Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹31.62 Cr	0.6%
Nippon India CRISIL-IBX AAA Financial Services - Dec 2026 Index Fund Regular Growth Moderate Risk	0.1%	0.0%	₹98.23 Cr	7.7%
Nippon India CRISIL-IBX AAA Financial Services - Jan 2028 Index Fund Regular Growth Low to Moderate Risk	0.1%	0.0%	₹85.07 Cr	8.2%
Nippon India Nifty 500 Momentum 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1033.35 Cr	12.5%
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹401.77 Cr	15.5%
Nippon India Fixed Maturity Plan - XLVI - Series 5 - 1868 Days Direct Growth High Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 366 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 3 - 368 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 367 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹213.47 Cr	-19.5%
Nippon India Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹185.38 Cr	26.0%
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%	₹2696.94 Cr	16.8%
Nippon India Fixed Horizon Fund - XLV - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 1 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund - XLV - Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
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 Risk	-	-	₹51.85 Cr	6.9%
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%	₹3.06 Cr	7.0%
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 Risk	-	0.0%	₹220.19 Cr	7.1%
Nippon India Fixed Horizon Fund XLIV Series 1 Direct Growth Low to Moderate Risk	-	0.0%	₹72.20 Cr	7.8%
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%	₹184.13 Cr	8.1%
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%	₹14.58 Cr	5.9%

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Still got questions?
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What is the current NAV of Nippon India Japan Equity Fund Direct Growth?

The NAV of Nippon India Japan Equity Fund Direct Growth, as of 18-Feb-2026, is ₹28.63.

What are the returns of Nippon India Japan Equity Fund Direct Growth?

The fund has generated 32.99% over the last 1 year and 20.34% 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 Japan Equity Fund Direct Growth?

The fund's allocation of assets is distributed as 97.71% in equities, 0.00% in bonds, and 2.29% in cash and cash equivalents.

Who manages the Nippon India Japan Equity Fund Direct Growth?

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

Kinjal Desai
Lokesh Maru
Divya Sharma

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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Nippon India Japan Equity Fund Direct Growth

Fund Overview