Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Innovation Fund

Holds 57 companies worth ₹2,850 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹2,923 CrNippon India Innovation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.9% on Aug 2026, ₹3,108 Cr.

  • Largest holding

    Eternal LimitedEternal Limited is 5.2% of this scheme's NAV.

  • Fund manager

    Vinay SharmaRuns it since 1 Aug 2023, as the fund house dates it. With Rishit Parikh (co-manager).

Overview(8 Oct 2026)

Fund managers2

  1. Vinay SharmaFund manager · Aug 2023 · 22y
  2. Rishit ParikhCo-manager · Aug 2024 · 17y · MBA

    Key facts

    Benchmark
    Nifty 500 TRI
    Risk
    Very High
    Expense
    Regular 2.08% · Direct 0.87%
    Exit load
    1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter
    Started
    28 Aug 2023
    Minimum
    ₹100

    Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

    What changed(18 changes)

    Oct 2026

    1 change
    1. Expense ratio
      8 OctRegular 2.06% → 2.08%Direct 0.85% → 0.87%

    Aug 2026

    1 change
    1. Expense ratio
      23 AugRegular 2.08% → 2.06%Direct 0.87% → 0.85%

    Jul 2026

    1 change
    1. Expense ratio
      9 JulRegular 2.36% → 2.08%Direct 1.15% → 0.87%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Aug 2023 – now)

    1. Vinay Sharma
    2. Rishit Parikh
    MainCoSlice202420252026
    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.
    19 changesRegularDirectΔ pt
    8 Oct 20262.08%0.87%0.02
    23 Aug 20262.06%0.85%0.02
    9 Jul 20262.08%0.87%0.28
    9 Jun 20262.36%1.15%0.43
    14 May 20261.92%0.72%0
    7 May 20261.93%0.72%0.32
    9 Apr 20262.25%1.04%0.36
    19 Mar 20261.99%0.68%0.01
    9 Mar 20261.98%0.67%0.02
    8 Jan 20261.96%0.65%0.03
    10 Nov 20251.94%0.62%0
    10 Sept 20251.95%0.62%0.01
    8 Aug 20251.96%0.63%0.01
    10 Jun 20251.96%0.62%0.04
    10 May 20252.00%0.66%0.01
    10 Apr 20252.01%0.67%0.01
    10 Dec 20242.00%0.68%0.01
    20 Sept 20242.01%0.69%0.05
    20 Aug 20242.05%0.74%–
    Direct plan, 8 Oct 2026
    0.87%
    Regular plan 2.08% · Exit load 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter
    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(8 Oct 2026)

    Objective

    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. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    Open
    Benchmark
    Nifty 500 TRI

    Asset allocation it may hold% of NAV

    1. Equity and Equity related Instruments of companies adopting innovation theme
      Allowed80–100%Holds97.5%
    2. Debt and Money Market Instruments
      Allowed0–20%Holds2.5%

    Holds in Sept 2026.97.5% equity · 2.5% debt and cash

    How to invest(8 Oct 2026)

    Buying

    To start
    ₹100, then in multiples of ₹1
    To add
    ₹100, then in multiples of ₹1
    Systematic
    SIP - D,W,M,Q,Y STP - D,W,F,M,Q,Y SWP -W,M,Q,H
    Dates
    SIP - 1 to 31 STP - 1 to 31 SWP - 1,8,15,22
    Minimum
    SIP - 100 Mutiple of Rs.1/- STP - 100 Mutiple of Rs.1/- SWP - 100 Mutiple of Rs.1/-, then mutiple of Rs.1/-
    Instalments
    SIP - 6 STP - 2 SWP - 2

    Selling and switching

    Switch minimum
    ₹500

    Scheme details(8 Oct 2026)

    What it is

    Category
    Equity: Thematic Funds
    Offer
    9 Aug 2023 to 23 Aug 2023
    Started
    28 Aug 2023
    Reopened
    4 Sept 2023
    Plans
    Direct IDCW Plan Payout · Direct IDCW Plan Reinvestment · Direct Growth Plan Growth · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan Growth
    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/E/THE/23/02/0140