Fundalysisby DARKHORSESTOCKS

Fund manager · Nippon

Bhavik Dave

Fund Manager at Nippon. Runs 3 schemes worth ₹68,195 Cr.

  • Fund house

    NipponThey run their schemes at Nippon.

  • AUM they run

    ₹68,195 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    3 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.

  • Experience

    14 years14

Profile(Nippon's SAI, 14 Aug 2026)

About

Role
Fund Manager
Studied
BBA (2005 - 2008), PGDM (2010 - 2012)
Age
38 years
Experience
14

Schemes now3

  1. Nippon India Large Cap Fund₹51,296 Cr
  2. Nippon India Balanced Advantage Fund₹9,532 Cr
  3. Nippon India Banking Financial Services Fund₹7,367 Cr

AUM they run(Jun 2021 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 202668,195−5.2%
Aug 202671,961+0.1%
Jul 202671,897+1.5%
Jun 202670,812+3.1%
May 202668,682−0.1%
Apr 202668,780+10.4%
Mar 202662,273−9.6%
Feb 202668,894+2.2%
Jan 202667,427+15.0%
Dec 202558,654+1.0%
Nov 202558,066+2.9%
Oct 202556,414+5.2%
AUM at month end, Sept 2026
₹68,195 Cr
+20.9% since Oct 2025
Fig. 1.The AUM of the schemes Bhavik Dave ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Jun 2021 – now)

  1. Banking Financial Services Fund
  2. Large Cap Fund
  3. Balanced Advantage Fund
Nippon20222023202420252026
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Jun 2021 – now)

Nippon

3 now · since Jun 2021
  1. Nippon India Large Cap Fund
    Co-managerAug 2024—2y 3m₹51,296 CrLarge CapTER 0.88%
  2. Nippon India Balanced Advantage Fund
    Fund managerJan 2026—10m₹9,532 CrBalanced AdvantageTER 0.89%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(3 schemes)

Growth · Direct plans

Return as manager
+5.59%
Beat peers
1 of 2
vs peers
−0.96 pt
Longest run
5.4 years
Beat benchmark
Upcoming
Each scheme Bhavik Dave ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Nippon India Banking Financial Services Fund
Jun '21–now · 5.4y
+13.33%+15.40%−2.06 pt––
Nippon India Large Cap Fund
Aug '24–now · 2.2y
−2.15%−2.29%+0.14 pt––
Nippon India Balanced Advantage Fund
Jan '26–now · 0.8y
−1.80%−2.72%+0.92 pt––
Fig. 1.Each scheme Bhavik Dave ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(3 now)

  1. Sailesh Raj BhanLarge Cap Fund1 scheme
  2. Sushil BudhiaBalanced Advantage Fund1 scheme
  3. Vinay SharmaBanking Financial Services Fund1 scheme

Career(Jul 2011 – now)

Over 14 years of experience in equity

  1. Position not stated
    Jun 2021—5y 5m

NAM India - Co- Fund Manager & Research Analyst From

  1. Position not stated
    Sept 2014—Jun 20216y 10m

NAM India - Research Analyst From

  1. Position not stated
    Oct 2013—Sept 20141y

Motilal Oswal Securities Limited - Research Associate (Institutional Equities) From

  1. Position not stated
    May 2012—Oct 20131y 6m

Crisil Global Analytics Centre - Credit Analyst – US Oil & Gas Sector From

  1. Position not stated
    Jul 2011—May 201211m

Source.Nippon's Statement of Additional Information, as of 14 Aug 2026.