Investment Objective and Approach

The investment objective of Nippon India Innovation Fund is 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 innovation, research and development, new product development or new platforms to enhance their business and gain share in their respective sectors.

This thematic equity fund focuses on identifying and investing in companies that are at the forefront of innovation across various sectors. The fund adopts a focused approach towards businesses that demonstrate:

- Strong investment in research and development activities

- Development of new products and platforms

- Innovative business models that enhance competitive positioning

- Technology-driven solutions and digital transformation initiatives

- Companies benefiting from structural shifts in the innovation economy

The fund was launched on 28th August 2023 and follows an open-ended equity scheme structure. As of 30-Apr-2025, the fund had invested 99.28% in Equity and 0.72% in Cash & Cash Equivalents.

Fund Managers

The fund is managed by experienced professionals with strong backgrounds in equity research and fund management:

Kinjal Desai - Current Fund Manager of Nippon India Innovation Fund Direct Growth fund and has been managing the fund since 28 August, 2023. Ms. Desai has done B.A (Economics), MSc. (Economics) and has cleared CFA Level 1.

Vinay Sharma - Co-fund manager with extensive industry experience. 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.

The fund management team brings combined expertise in identifying innovative companies across sectors and has experience in managing thematic investment strategies.

About the Fund House (AMC)

Nippon India Mutual Fund is one of India's leading mutual funds, with Average Assets Under Management (AAUM) of Rs 2,79,431 Crores. NIMF has been established as a trust under the Indian Trusts Act, 1882 with Nippon Life Insurance Company as its Sponsor and Nippon Life India Trustee Ltd as its Trustee.

Initially known as Reliance Mutual Fund, it underwent a transformation when Nippon Life Insurance Company, based in Japan, increased its stake to 75%, leading to the renaming of the company as Nippon India Mutual Fund in November 2019. Notably, it holds the distinction of being the first mutual fund company to be listed on stock exchanges in 2017 during its earlier avatar as Reliance Mutual Fund.

Key highlights of Nippon India Mutual Fund:

- Has a presence in 272 locations across India

- Has a total of 80 direct mutual fund schemes in operation, out of which there are a total of 45 equity schemes, 27 debt schemes and 8 hybrid schemes

- One of the most reputed asset management companies in the country with presence in more than 260 locations

- Committed to launching innovative products and providing exceptional customer service to increase value for its investors

Should I Invest in Nippon India Innovation Fund?

Key Fund Metrics (as of August 2025):

- Latest NAV: ₹14.61 as of 14th August 2025

- AUM: ₹2726.57 Cr as of 14th August 2025

- Expense ratio: 0.62% as of 14th August 2025

- CAGR return of 21.28% since inception

- 1 year return: 2.40%, return since launch: 44.83%

- Minimum SIP: ₹100, Minimum lump sum: ₹500

Investment Suitability:

This fund is suitable for investors who:

- Have a long-term investment horizon (5+ years)

- Seek exposure to innovation-driven companies

- Are comfortable with equity market volatility

- Want to participate in India's innovation and technology growth story

- Have high risk tolerance as the fund is rated Very High risk

Risk Considerations:

- The volatility or standard deviation for the fund is 14.64

- Being a thematic fund, it may experience higher volatility than diversified equity funds

- Innovation theme exposure may lead to sector concentration risks

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

Tax Implications:

- If redeemed within 1 year: entire gain taxed at 20%

- If redeemed after 1 year: gains up to Rs 1.25 lakh exempt, gains above taxed at 12.5%

FAQs

What is today's NAV of Nippon India Innovation Fund?

The current NAV is ₹14.61 as of 14th August 2025. The NAV is updated daily after market hours.

What is the AUM of Nippon India Innovation Fund?

The fund has an AUM of ₹2,726.57 Cr as of 14th August 2025. This represents the total value of assets managed by the fund.

What is the expense ratio of Nippon India Innovation Fund?

The expense ratio is 0.62% as of 14th August 2025. This is the annual fee charged for managing the fund.

What are the returns of Nippon India Innovation Fund since inception?

The fund has delivered a CAGR return of 21.28% since inception. It has given 44.83% returns since scheme launch.

What is the minimum SIP amount to invest in Nippon India Innovation Fund?

The minimum SIP amount is ₹100 and can be started with monthly frequency.

How do I invest in Nippon India Innovation Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing investment amount, and making payment through UPI, net banking, or debit card.

How to start a SIP in Nippon India Innovation Fund?

Log into Allvest, search for Nippon India Innovation Fund, select SIP option, choose amount and frequency, and set up auto-debit through bank mandate or UPI.

How do I automate an SIP in Nippon India Innovation Fund?

Use the Auto-Invest feature which allows you to set up automatic investments at regular intervals. Once configured, your chosen amount will be invested automatically.

How can I withdraw/redeem my investment in Nippon India Innovation Fund?

You can redeem your investment through Allvest by logging into your account, selecting the fund, choosing redemption amount, and submitting the request. Proceeds will be credited to your registered bank account within 3-4 working days.