Nippon India Innovation Fund

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

The Nippon India Innovation Fund is a 2 yrs 5 m old fund and has delivered average annual returns of 12.65% since inception. Nippon India Innovation Fund Returns 1-Year Since Inception 3.3% 12.65%

Q: How much does this mutual fund charge as expense ratio?

The Nippon India Innovation Fund has an expense ratio of 1.97% , 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.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹13.4642-0.63% 1 day change	12.65% p.a.	App exclusive #NA View Ranked Funds	₹2,856 Cr

Historical NAV & returns

NAV: ₹13.4642 as on Feb 02, 2026

This fund Category average

Nippon India Innovation Fund overview

AUM (Fund size)	₹2,856 Cr
Exit load	1.0% Exit load of 1%, if redeemed within 1 year.!
Lock-in Period	Nil
Age	2 yrs 5 m since Aug 09, 2023
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.97% as on Feb 02, 2026
Plan type	Regular
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%

Nippon India Innovation Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-6.94%	-5.86%
3 Months	-7.74%	-6.38%
6 Months	-5.58%	-2.94%
1 Year	3.3%	3.25%
2 Years	8.31%	5.56%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 45.96%

Mid Cap 26.26%

Small Cap 26.04%

Other Cap 0%

Top holdings

Info Edge (India) Ltd.6.01%

Samvardhana Motherson International Ltd.3.97%

Trent Ltd.3.94%

Bajaj Finserv Ltd.3.88%

Top sectors

Services 33.91%

Automobile 16.19%

Financial 12.39%

Capital Goods 12.07%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 0.01%

Allocation by Instruments

Repo 1.89%

Margin Money 0.01%

Other Holdings

Others 1.89%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Innovation Fund	-6.94%	-5.58%	3.3%	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	-4.37%	0.03%	11.15%	23.82%	21.94%	13.24%
ICICI Prudential Exports and Services Fund	-4.78%	0.68%	8.48%	18.54%	17.34%	13.8%
Sundaram Services Fund	-6.02%	-0.13%	7.97%	17.84%	17.61%	13.15%
UTI Transportation and Logistics Fund	-6.74%	6.07%	14.01%	23.2%	18.55%	13.75%
ICICI Prudential Commodities Fund	-1.61%	6.7%	22.01%	18.78%	24.75%	16.29%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Innovation Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.86	1.05	1.06	1.52
ICICI Prudential Exports and Services Fund	11.19	0.83	1.07	2.09
Sundaram Services Fund	12.26	0.88	0.94	1.53
UTI Transportation and Logistics Fund	15.97	0.9	1.0	1.3
ICICI Prudential Commodities Fund	14.61	0.95	0.86	1.33

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Innovation Fund	N.A.	2,856 Cr	2 yrs 5 m	1.97%
ICICI Prudential Manufacturing Fund	N.A.	6,549 Cr	7 yrs 4 m	1.84%
ICICI Prudential Exports and Services Fund	N.A.	1,434 Cr	20 yrs 3 m	2.27%
Sundaram Services Fund	N.A.	4,809 Cr	7 yrs 5 m	1.87%
UTI Transportation and Logistics Fund	N.A.	4,084 Cr	20 yrs 6 m	1.92%
ICICI Prudential Commodities Fund	N.A.	3,409 Cr	6 yrs 4 m	1.96%

View all Thematic funds

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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Nippon India Innovation Fund in detail with

About this fund

About Nippon India Innovation Fund

Nippon India Innovation Fund is a Thematic mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 2 yrs 5 m, having been launched on 09/08/2023. Nippon India Innovation Fund has ₹2,856 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Nippon India Innovation Fund as of 02/02/2026 is ₹13.46. The fund has an expense ratio of 1.97%, which is higher than what most other Thematic funds charge.

Nippon India Innovation Fund returns of last 1-year are 4.32%. Since launch, it has delivered 13.01% average annual returns.
The fund has the majority of its money invested in Services, Automobile, Financial, Capital Goods, Consumer Staples sectors. It has taken less exposure in Services, Automobile sectors compared to other funds in the category.
The fund's top 5 holdings are in Info Edge (India) Ltd., Samvardhana Motherson International Ltd., Trent Ltd., Bajaj Finserv Ltd., Varun Beverages Ltd..

...

Fund AUM	2,856 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Vinay Sharma

Mr. Sharma is B.Arch & PGDCM Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC, Kotak Mahindra Mutual Fund, J.P. Morgan India Pvt. Ltd. and UTI Bank.

Rishit Parikh

Mr. Parikh has done B.Tech and MBA Prior to joining Nippon India Mutual Fund, he has worked with Nomura and Goldman Sachs

Investment objective

The scheme seeks to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies seeking to benefit from innovation i.e companies that invest in l innovation, research and development, new product development or new platforms to enhance their business and gain share in their respective sectors.

Nippon India Mutual Fund details

No. of schemes	71 view all schemes
Total AUM	7,11,598 Cr as on Dec 31, 2025
Address	30th Floor, One Lodha Place Senapati Bapat Marg, Lower Parel Mumbai Mumbai, 400013
Phone	+91 022 6808 7000

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Nippon India Small Cap Fund	N.A.	68,287 Cr	0.64%	24.49%
Nippon India Power & Infra Fund	N.A.	7,117 Cr	6.62%	23.57%
Nippon India Growth Mid Cap Fund	N.A.	42,124 Cr	10.07%	22.32%
Nippon India Multi Cap Fund	N.A.	50,352 Cr	6.26%	22.19%
Nippon India Nifty Midcap 150 Index Fund	N.A.	2,153 Cr	8.21%	N.A.
Nippon India Value Fund	N.A.	9,153 Cr	7.37%	19.01%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Innovation Fund?

The current Net Asset Value (NAV) of the Nippon India Innovation Fund plan is approximately ₹13.4642 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Nippon India Innovation Fund is a 2 yrs 5 m old fund and has delivered average annual returns of 12.65% since inception.

Nippon India Innovation Fund Returns

1-Year	Since Inception
3.3%	12.65%

How much does this mutual fund charge as expense ratio?

The Nippon India Innovation Fund has an expense ratio of 1.97%, 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.

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

The Nippon India Innovation Fund currently has assets under management (AUM) or fund size valued at approximately 2,856 Cr as on Dec 31, 2025.

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

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.	6.01%
Samvardhana Motherson International Ltd.	3.97%
Trent Ltd.	3.94%
Bajaj Finserv Ltd.	3.88%
Varun Beverages Ltd.	3.86%
Avenue Supermarts Ltd.	3.8%
ZF Commercial Vehicle Control Systems India Ltd.	3.67%
3M India Ltd.	3.53%
Swiggy Ltd.	3.51%
Eternal Ltd.	3.26%

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

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

Sector	Percentage of Portfolio
Services	33.91%
Automobile	16.19%
Financial	12.39%
Capital Goods	12.07%
Consumer Staples	8.92%
Healthcare	6.51%
Energy	5.37%
Communication	1.33%
Technology	0.8%
Consumer Discretionary	0.77%

What is risk level of Nippon India Innovation Fund?

This is a Thematic fund comes with Very High risk.

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

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

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

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.

ET Money rank

App exclusive

in Thematic

#NA

Return Outperformance: This fund has generated highest return amongst Thematic funds in the last 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1%, if redeemed within 1 year.