Nippon India Innovation Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
1M
6M
All
NAV: 24 May 2024₹13.05
Min. SIP amount₹100
RatingNA
Fund size₹1,454.62Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Sectoral / Thematic
Absolute returns
1M3M6MAll
Fund returns4.5%10.4%24.3%30.5%
Category averageNANANANA
Rank with in categoryNA2535NA
Understand terms

Holdings (39)

NameSectorInstrumentAssets
ServicesEquity4.75%
DiversifiedEquity4.63%
AutomobileEquity3.86%
FinancialEquity3.82%
Capital GoodsEquity3.56%
ServicesEquity3.55%
ServicesEquity3.43%
HealthcareEquity3.30%
FinancialEquity3.21%
TechnologyEquity3.09%
See All

Expense ratio, exit load and tax

Expense ratio: 0.79%

Inclusive of GST

Exit load

Exit load of 1%, if redeemed within 1 year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹100
Min. for SIP₹100

Fund management

Vinay Sharma
Aug 2023 - Present
View details

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.
Also manages these schemes

Kinjal Desai
Aug 2023 - Present
View details

Education
Ms. Desai has done B.A (Economics), MSc. (Economics) and has cleared CFA Level 1
Experience
She has been working with Nippon India Mutual Fund since year, 2012
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor, Tower A, Peninsula Business Park,Ganapatrao Kadam Marg, Lower Parel (W), Mumbai 400013
Phone
NA
Launch Date
30 Jun 1995
E-mail
NA
Website
Nippon India Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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