Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India MNC Fund

Holds 38 companies worth ₹393 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹401 CrNippon India MNC Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 7.9% on Aug 2026, ₹435 Cr.

  • Largest holding

    Cummins IndiaCummins India is 7.1% of this scheme's NAV.

  • Fund manager

    Dhrumil ShahRuns it since 22 Jul 2025, as the fund house dates it.

Overview(8 Oct 2026)

Fund managers1

  1. Dhrumil ShahFund manager · Jul 2025 · 20y · B.Com

    Key facts

    Benchmark
    Nifty MNC TRI
    Risk
    Very High
    Expense
    Regular 2.53% · Direct 1.31%
    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
    22 Jul 2025
    Minimum
    ₹500

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

    What changed(11 changes)

    Oct 2026

    1 change
    1. Expense ratio
      8 OctRegular 2.54% → 2.53%Direct 1.32% → 1.31%

    Sept 2026

    1 change
    1. Category
      9 SeptThematic → Thematic Fund

    Aug 2026

    2 changes

    Source.Its filings at NSE, since Aug 2025.

    Fund managers over time(Jul 2025 – now)

    1. Dhrumil Shah
    MainCoSlice2026
    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 2025 – Oct 2026)

    Every change to the expense ratio, newest first.
    11 changesRegularDirectΔ pt
    8 Oct 20262.53%1.31%0.01
    23 Aug 20262.54%1.32%0.01
    9 Aug 20262.54%1.33%0.02
    9 Jul 20262.54%1.35%0.35
    9 Jun 20262.89%1.70%0.48
    9 Apr 20262.41%1.22%0.06
    9 Mar 20262.47%1.16%0.03
    9 Dec 20252.47%1.19%0.01
    10 Nov 20252.47%1.20%0.09
    10 Sept 20252.45%1.11%0.05
    8 Aug 20252.45%1.06%–
    Direct plan, 8 Oct 2026
    1.31%
    Regular plan 2.53% · 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 primary investment objective of the scheme is to achieve long-term capital appreciation for its investors. This objective will be pursued by strategically investing in a diversified portfolio of equity and equity-related instruments of multinational companies (MNCs). There is no assurance that the investment objective of the Scheme will be achieved

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An Open Ended Equity Scheme investing in multinational company (MNC) theme
    Benchmark
    Nifty MNC TRI

    Asset allocation it may hold% of NAV

    1. (MNCs)
      Allowed80–100%
    2. Equity and Equity related instruments of companies other than those engaged in the multinational companies space
      Allowed0–20%Holds98.1%
    3. Debt & Money Market Instruments
      Allowed0–20%Holds1.9%

    Holds in Sept 2026.98.1% equity · 1.9% debt and cash

    How to invest(8 Oct 2026)

    Buying

    To start
    ₹500, then in multiples of ₹1
    To add
    ₹100, then in multiples of ₹1
    Systematic
    SIP Details: Daily /Weekly / Monthly/ Quarterly/ Yearly STP Details : Daily / Weekly/ Fortnightly / Monthly / Quarterly SWP Details : Monthly / Quarterly / Half Yearly / Yearly
    Dates
    SIP Details: 1st to 31st of a month , SWP Details : 1st, 8th, 15th, 22nd transaction day (if holiday, then next working day) Fixed STP : Daily - 1st to 31st of a month Weekly - Monday to Friday Fortnightly - 1st and 15th Monthly - any pre-specified date of the month Quarterly - any pre-specified date of the first month of the quarter Capital Appreciation STP:Monthly - 1st of every month & Quarterly - 1st of the first month of the quarter
    Minimum
    SIP Details: 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 Details : 500 Fixed STP: Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation STP: Monthly/ Quarterly - Rs. 500, then sIP Details: Rs. 500 if SIP amount is 5,000 per year & Rs. 1 for any other amount , SWP Details 1 , STP Details 1
    Instalments
    SIP Details: 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 Details : 2 Instalments STP Details : 30 FOR DAILY & 2 OTHERS
    Most
    SIP - Any SWP - Any STP - Any

    Selling and switching

    Switch minimum
    ₹500
    Switch multiples
    ₹1

    Scheme details(8 Oct 2026)

    What it is

    Category
    Thematic Fund
    Offer
    2 Jul 2025 to 16 Jul 2025
    Started
    22 Jul 2025
    Reopened
    28 Jul 2025
    Plans
    (a) Growth Plan · (1) Growth Option · (b) Income Distribution cum capital withdrawal Plan · (1) Payout Option · (2) Reinvestment Option
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank A.G.
    Auditor
    Walker Chandiok & Co LLP
    Registrar
    KFin Technologies Limited
    SEBI code
    NIMF/O/E/THE/25/01/0160