Q: What are the returns of this mutual fund scheme?

The Nippon India Innovation Fund Direct - Growth is a 2 yrs 4 m old fund and has delivered average annual returns of 19.06% since inception. Nippon India Innovation Fund Direct - Growth Returns 1-Year Since Inception 6.0% 19.06%

Question 1

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

Accepted Answer

The current Net Asset Value (NAV) of the Nippon India Innovation Fund - Direct Growth plan is approximately ₹15.0169 as of Dec 04, 2025.

Question 2

What are the returns of this mutual fund scheme?

Accepted Answer

The Nippon India Innovation Fund Direct - Growth is a 2 yrs 4 m old fund and has delivered average annual returns of 19.06% since inception.

Nippon India Innovation Fund Direct - Growth Returns

1-Year	Since Inception
6.0%	19.06%

Question 3

How much does this mutual fund charge as expense ratio?

Accepted Answer

The Nippon India Innovation Fund - Direct Growth has an expense ratio of 0.62%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

Question 4

What is the AUM or fund size of this mutual fund?

Accepted Answer

The Nippon India Innovation Fund currently has assets under management (AUM) or fund size valued at approximately 2,861 Cr as on Oct 31, 2025.

Question 5

What are the top stock holdings of Nippon India Innovation Fund?

Accepted Answer

The Nippon India Innovation Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Info Edge (India) Ltd.	6.2%
Avenue Supermarts Ltd.	4.16%
Bajaj Finserv Ltd.	4.08%
Swiggy Ltd.	3.72%
Eternal Ltd.	3.72%
Varun Beverages Ltd.	3.69%
3M India Ltd.	3.53%
Trent Ltd.	3.5%
Samvardhana Motherson International Ltd.	3.48%
Delhivery Ltd.	3.45%

Question 6

What are the top sectors Nippon India Innovation Fund has invested in?

Accepted Answer

The Nippon India Innovation Fund has primarily invested in the following sectors

Company	Percentage of Portfolio
Info Edge (India) Ltd.	6.2%
Avenue Supermarts Ltd.	4.16%
Bajaj Finserv Ltd.	4.08%
Swiggy Ltd.	3.72%
Eternal Ltd.	3.72%
Varun Beverages Ltd.	3.69%
3M India Ltd.	3.53%
Trent Ltd.	3.5%
Samvardhana Motherson International Ltd.	3.48%
Delhivery Ltd.	3.45%

Question 7

What is risk level of Nippon India Innovation Fund?

Accepted Answer

This is a Thematic fund comes with Very High risk.

Question 8

Is there any lock-in period in this mutual fund?

Accepted Answer

No, this fund does not have any lock-in period.

Question 9

How do I invest in Nippon India Innovation Fund Direct - Growth?

Accepted Answer

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Nippon India Innovation Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Nippon India Innovation Fund is complete.

Question 10

How can I redeem my investments in Nippon India Innovation Fund?

Accepted Answer

Redeeming your investments in the Nippon India Innovation Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

Expense ratio	0.62% as on Nov 30, 2025
Exit load	1.0% Exit load of 1%, if redeemed within 1 year.!
AUM (Fund size)	₹2,861 Cr
Lock-in Period	Nil
Age	2 yrs 4 m since Aug 09, 2023
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Period	This fund	Category average
1 Month	0.38%	0.24%
3 Months	0.58%	0.62%
6 Months	7.55%	4.12%
1 Year	6.0%	0.36%
2 Years	17.84%	13.71%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Innovation Fund	0.38%	7.55%	6.0%	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	-0.99%	6.53%	5.29%	25.29%	27.17%	14.53%
ICICI Prudential Exports and Services Fund	0.84%	5.27%	7.86%	19.41%	22.31%	14.54%
Sundaram Services Fund	-0.34%	6.63%	9.94%	18.65%	23.24%	14.66%
ICICI Prudential Commodities Fund	-3.35%	7.86%	7.27%	16.63%	27.48%	16.69%
UTI Transportation and Logistics Fund	1.59%	18.45%	17.25%	26.2%	24.87%	14.37%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Innovation Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.92	1.05	1.12	1.58
ICICI Prudential Exports and Services Fund	11.12	0.81	1.14	2.3
Sundaram Services Fund	12.46	0.88	0.95	1.57
ICICI Prudential Commodities Fund	14.69	0.96	0.77	1.24
UTI Transportation and Logistics Fund	15.89	0.89	1.12	1.43

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Innovation Fund	N.A.	2,861 Cr	2 yrs 4 m	0.62%
ICICI Prudential Manufacturing Fund	N.A.	6,715 Cr	7 yrs 2 m	0.75%
ICICI Prudential Exports and Services Fund	N.A.	1,421 Cr	12 yrs 11 m	2.26%
Sundaram Services Fund	N.A.	4,674 Cr	7 yrs 3 m	0.72%
ICICI Prudential Commodities Fund	N.A.	3,189 Cr	6 yrs 2 m	0.97%
UTI Transportation and Logistics Fund	N.A.	4,008 Cr	12 yrs 11 m	0.83%

Nippon India Innovation Fund Direct - Growth

Historical NAV & returns

Nippon India Innovation Fund overview

Nippon India Innovation Fund Returns calculator

Trailing returns as on Dec 01, 2025

Asset allocationas on Oct 31, 2025

Peer comparison

Key risk & return ratios Compared to other funds in the category

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About this fund

About Nippon India Innovation Fund

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Nippon India Mutual Fund details

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Nippon India Innovation Fund Direct - Growth Returns

ET Money rank

Fund AUM	2,861 Cr as on Oct 31, 2025
Scheme document	View Scheme Document

No. of schemes	71 view all schemes
Total AUM	6,63,684 Cr as on Sep 30, 2025
Address	30th Floor, One Lodha Place Senapati Bapat Marg, Lower Parel Mumbai Mumbai, 400013
Phone	+91 022 6808 7000

Fund name	ETM Rank	AUM	1Y	5Y
Nippon India Small Cap Fund	N.A.	68,969 Cr	-5.24%	29.74%
Nippon India Power & Infra Fund	N.A.	7,530 Cr	-3.36%	29.13%
Nippon India Multi Cap Fund	N.A.	49,314 Cr	3.05%	27.45%
Nippon India Growth Mid Cap Fund	N.A.	41,268 Cr	4.26%	27.03%
Nippon India Value Fund	N.A.	9,173 Cr	3.29%	23.85%
Nippon India Nifty Smallcap 250 Index Fund	N.A.	2,690 Cr	-7.7%	23.59%

Sector	Percentage of Portfolio
Services	35.290000000000006%
Financial	14.92%
Automobile	13.46%
Consumer Staples	10.91%
Healthcare	8.19%
Capital Goods	6.5%
Energy	4.29%
Communication	1.57%
Consumer Discretionary	0.84%
Technology	0.82%