Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Equity Savings Fund

Holds 52 companies worth ₹593 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹744 CrNippon India Equity Savings Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.5% on Aug 2026, ₹771 Cr.

  • Largest holding

    ICICI BankICICI Bank is 8.3% of this scheme's NAV.

  • Fund manager

    Sushil BudhiaRuns it since 1 Feb 2020, as the fund house dates it. With Herin Visaria (fund manager), Dhrumil Shah (fund manager).

Overview(9 Oct 2026)

Fund managers3

  1. Sushil BudhiaFund manager · Feb 2020 · 25y · CA
  2. Herin VisariaFund manager · Mar 2025 · 17y · B.Com
  3. Dhrumil ShahFund manager · Feb 2026 · 20y · B.Com
  1. Ashutosh BhargavaApr 2024 – Mar 2026
  2. Anand Devendra GuptaSept 2018 – Dec 2024

Key facts

Benchmark
NIFTY Equity Savings Index
Risk
Moderately High
Expense
Regular 2% · Direct 0.95%
Exit load
1% within 15 days
Started
30 May 2015
Minimum
₹5,000

Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

What changed(21 changes)

Oct 2026

2 changes
  1. Expense ratio
    8 OctRegular 1.98% → 2%Direct 0.93% → 0.95%
  2. Riskometer
    8 OctModerate → Moderately High

Sept 2026

1 change
  1. Expense ratio
    9 SeptRegular 1.97% → 1.98%Direct 0.92% → 0.93%

Aug 2026

2 changes

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Sept 2018 – now)

  1. Sushil Budhia
  2. Herin Visaria
  3. Dhrumil Shah
  4. Ashutosh Bhargava
  5. Anand Devendra Gupta
MainCoSlice20192020202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
17 changesRegularDirectΔ pt
8 Oct 20262.00%0.95%0.02
9 Sept 20261.98%0.93%0.01
23 Aug 20261.97%0.92%0.01
9 Aug 20261.98%0.93%0
9 Jul 20261.99%0.93%0.44
9 Apr 20261.55%0.49%0
9 Feb 20261.57%0.49%0.25
8 Jan 20261.82%0.74%0
9 Dec 20251.79%0.74%0
10 Oct 20251.77%0.74%0
8 Aug 20251.76%0.74%0
10 Apr 20251.75%0.74%0
10 Feb 20251.78%0.74%0
10 Jan 20251.77%0.74%0
11 Nov 20241.73%0.74%0
10 Oct 20241.71%0.74%0
20 Aug 20241.69%0.74%–
Direct plan, 8 Oct 2026
0.95%
Regular plan 2.00% · Exit load 1% within 15 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(9 Oct 2026)

Objective

The primary investment objective of this fund is to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments along with investments in debt securities & money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Moderately High
At launch
Moderately High
Type
OPEN
Benchmark
NIFTY Equity Savings Index

Asset allocation it may hold% of NAV

  1. Equities and equity related instruments
    Allowed65–90%
  2. Derivatives including index futures, stock futures, index options, &stock options, etc. backed by underlying equity (only arbitrageopportunities)
    Allowed25–70%
  3. Unhedged Equity Position
    Allowed15–40%
  4. Debt and Money market instruments** (including investments in securitized debt & margin for derivatives)
    Allowed10–35%Holds20.3%
  5. Units issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.79.7% equity · 20.3% debt and cash

How to invest(9 Oct 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
Any
Systematic
SIP - Monthly, Quarterly, Yearly SWP - Monthly / Quarterly / Half yearly / Yearly STP - Daily/ Weekly/ Fortnightly/ Monthly / Quarterly
Dates
SIP - 1st to 31st of a month SWP - 1st, 8th, 15th, 22nd transaction day (if holiday, then next working day) STP - 1st to 28th of a month
Minimum
SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500, then sIP - Rs. 500 if SIP amount is 5,000 per year & Rs. 1 for any other amount SWP - 1 STP - 1
Instalments
SIP - 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year SWP - 2 STP - 2
Most
SIP - Any SWP - Any STP - Any

Selling and switching

To redeem
₹100 or Any units
Switch minimum
₹5,000

Scheme details(9 Oct 2026)

What it is

Category
Hybrid
Offer
12 May 2015 to 26 May 2015
Started
30 May 2015
Reopened
30 May 2015
Plans
Direct Bonus Planbonus · Direct IDCW Plan Payout · Direct IDCW Plan Reinvestment · Direct Growth Plan Growth · Direct Monthly IDCW Plan Payout · Direct Monthly IDCW Plan Reinvestment · Direct Quarterly IDCW Plan Payout · Direct Quarterly IDCW Plan Reinvestment · Bonus Planbonus · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan Growth · Monthly IDCW Plan Payout · Monthly IDCW Plan Reinvestment · Quarterly IDCW Plan Payout · Quarterly IDCW Plan Reinvestment
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Deutsche Bank
Auditor
Walker Chandiok & Co LLP
Registrar
KFin Technologies Limited
SEBI code
NIMF/O/H/ESF/14/12/0055