March 25, 2026
RA Jainee
Nippon India Innovation Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 12.7 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 12.7 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 60 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 2,755 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.66% |
| 1 Year Return (%) | -0.70 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 9.76% |
⚖️ Sahifund Review – Nippon India Innovation Fund ✔
PLUS: Stability, track record, cost efficiency
✓ Nippon India Innovation Fund has shown better resilience than benchmark and category average in the 1-year period, which is encouraging for a young thematic fund.
✓ The portfolio holds 49 stocks, offering better diversification than many concentrated theme-based funds.
✓ Its expense ratio of 0.66% is reasonable for an actively managed innovation strategy.
✓ Allocation across large, mid and small caps is fairly balanced, helping the fund capture both stability and emerging growth opportunities.
✓ Backed by the strong brand and research depth of Nippon India Mutual Fund, which adds confidence for long-term investors.
✓ Suitable for investors who want measured exposure to future-facing businesses through SIPs, rather than aggressive speculative bets.
MINUS: Large AUM, large-cap bias, momentum lag
⚖️ The fund is still very young, so there is no meaningful long-term track record yet to judge true strategy consistency.
⚖️ Despite decent relative performance, 1-year return of -0.70% still means investors have seen a negative recent experience.
⚖️ It has underperformed stronger innovation/thematic peers like ICICI Pru Innovation and Kotak Pioneer on broader wealth creation metrics.
⚖️ Turnover of 47% suggests fairly active reshuffling, which can add execution risk in volatile markets.
⚖️ Innovation as a theme can become cyclical and sentiment-driven, causing sharp phases of underperformance.
⚖️ This is not a core diversified fund and should not replace a proper flexi-cap or multicap allocation.
Sahifund View (Decisive Line):
A relatively balanced innovation-themed fund with decent early promise, but limited track record means it is best treated only as a small satellite SIP allocation.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Innovation funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks with a focus on innovation theme for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
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.
Fund Manager:
1) Vinay Sharma
Education: Mr. Sharma is B.Arch & PGDCM
Experience: 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.
2) Rishit Parikh
Education: Mr. Parikh has done B.Tech and MBA
Experience: Prior to joining Nippon India Mutual Fund, he has worked with Nomura and Goldman Sachs
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 60 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
Basic Details of Nippon India Innovation Fund
| Fund House | Nippon India Mutual Fund |
| Launch Date | 29-Aug-23 |
| Return Since Launch | 9.76% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 2,755 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.66% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 47.00% |
Nippon India Innovation Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon India Innovation Dir | -14.10 | -3.34 | -11.90 | -14.77 | -16.52 | -0.70 | — | — | — | — |
| BSE 500 TRI | -13.43 | -3.13 | -12.05 | -13.50 | -11.36 | -2.27 | — | — | — | — |
| Equity: Thematic-Innovation | -13.92 | -3.05 | -10.12 | -14.64 | -15.01 | -1.77 | — | — | — | — |
| Rank within category | 7 | 10 | 10 | 7 | 7 | 6 | — | — | — | — |
| Number of funds in category | 11 | 12 | 12 | 11 | 11 | 10 | 1 | 1 | 0 | 0 |
Peer Comparison of Nippon India Innovation Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Nippon India Innovation Dir | Unrated | -0.70 | — | — | 0.66 | 2,755 | 9.76 | 1.00 (365) | 2Y 6M | 47.00 |
| ICICI Pru Innovation Dir | Unrated | 0.64 | — | — | 0.74 | 7,487 | 20.36 | 1.00 (365) | 2Y 10M | 123.00 |
| SBI Innovative Opportunities Dir | Unrated | -7.04 | — | — | 0.90 | 4,969 | -11.05 | 1.00 (30) | 1Y 7M | 37.00 |
| Kotak Pioneer Dir | Unrated | 8.90 | 21.40 | 15.56 | 0.48 | 3,318 | 20.17 | 0.50 (90) | 6Y 4M | 10.52 |
| HDFC Innovation Dir | Unrated | — | — | — | 0.76 | 2,566 | -7.31 | 1.00 (30) | 8M | — |
Nippon India Innovation Fund Portfolio
| No. of Stocks | 49 |
| Top 10 Stocks | 37.63% |
| Top 5 Stocks | 20.53% |
| Top 3 Sectors | 60.66% |
| Portfolio P/B Ratio | 4.96 |
| Portfolio P/E Ratio | 31.64 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 87,360 | 76,772 |
| Giant (%) | — | — |
| Large (%) | 47.60 | 34.29 |
| Mid (%) | 27.38 | 28.97 |
| Small (%) | 25.03 | 36.73 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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