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Nippon India Innovation Fund-Direct Plan-Growth Option is an equity scheme managed by Nippon India Mutual Fund. The total expense ratio is 1.24% on assets of ₹2,778Cr. The fund is currently managed by Vinay Sharma, appointed within the last year.
Lower is better.
This scheme classifies as Large-Growth on the 3x3 equity style box, with 85% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| Varun Beverages Ltd | Consumer Defensive | 4.16% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED | Consumer Cyclical | 4.13% |
| TRENT LIMITED | Consumer Cyclical | 3.92% |
| ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED | Consumer Cyclical | 3.73% |
| AVENUE SUPERMARTS LIMITED | Consumer Defensive | 3.66% |
| 3M INDIA LIMITED | Industrials | 3.44% |
| FSN E-COMMERCE VENTURES LIMITED | Consumer Cyclical | 3.02% |
| Siemens Energy India Limited | Utilities | 2.93% |
| Swiggy Pvt Ltd | Consumer Cyclical | 2.87% |
| AXIS BANK LIMITED | Financial Services | 2.74% |
| BAJAJ FINSERV LIMITED | Financial Services | 2.70% |
| ICICI BANK LIMITED | Financial Services | 2.61% |
| SYNGENE INTERNATIONAL LIMITED | Healthcare | 2.21% |
| ABB INDIA LIMITED | Industrials | 2.21% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | Healthcare | 2.12% |
| KIRLOSKAR OIL ENGINES LIMITED | Industrials | 2.09% |
| DELHIVERY LIMITED | Industrials | 2.05% |
| MOTHERSON SUMI WIRING INDIA LIMITED | Consumer Cyclical | 1.97% |
| Hindustan Aeronautics Ltd | Industrials | 1.95% |
| Krishna Institute Of Medical Sciences Limited | Healthcare | 1.94% |
| PB FINTECH LIMITED | Financial Services | 1.75% |
| SIEMENS LIMITED | Industrials | 1.67% |
| HONASA CONSUMER LIMITED | Consumer Defensive | 1.49% |
| DIXON TECHNOLOGIES (INDIA) LIMITED | Technology | 1.48% |
| TATA MOTORS PASSENGER VEHICLES LIMITED | Consumer Cyclical | 1.44% |
| Sector | Holdings | Weight |
|---|---|---|
| Consumer Services | — | 25.06% |
| Financial Services | 6 | 16.12% |
| Automobile and Auto Components | — | 14.42% |
| Capital Goods | — | 14.08% |
| Healthcare | 5 | 9.51% |
| Fast Moving Consumer Goods | — | 5.65% |
| Consumer Durables | — | 3.46% |
| Diversified | — | 3.44% |
| Information Technology | — | 3.23% |
| Services | — | 2.98% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -4.27% | 3.01% | 6.83% | 14.18% | 51.43% | 96.1% |
Top-10 weight 34.6% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.