Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Nifty Alpha Low Volatility 30 Index Fund

Holds 30 companies worth ₹1,169 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹1,169 CrNippon India Nifty Alpha Low Volatility 30 Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 9.5% on Aug 2026, ₹1,292 Cr.

  • Largest holding

    Torrent Pharmaceuticals LimitedTorrent Pharmaceuticals Limited is 4.7% of this scheme's NAV.

  • Fund manager

    Jitendra TolaniRuns it since 1 Feb 2025, as the fund house dates it.

Overview(10 Nov 2025)

Fund managers1

  1. Jitendra TolaniFund manager · Feb 2025 · 20y · MBA
  1. Himanshu MangeDec 2023 – Feb 2025

Key facts

Benchmark
Nifty Alpha Low Volatility 30 TRI
Risk
Very High
Expense
Regular 0.88% · Direct 0.35%
Exit load
Nil
Started
19 Aug 2022
Minimum
₹1,000

Source.Its Scheme Summary Document as of 10 Nov 2025 at AMFI.

What changed(5 changes)

Nov 2025

1 change
  1. Expense ratio
    10 NovRegular 0.89% → 0.88%

Apr 2025

1 change
  1. Expense ratio
    10 AprRegular 0.88% → 0.89%

Feb 2025

3 changes
  1. Jitendra Tolani joined
    10 Febas fund manager
  2. Himanshu Mange left
    10 Febran it as fund manager from Dec 2023
  3. Expense ratio
    10 FebRegular 0.87% → 0.88%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Dec 2023 – now)

  1. Jitendra Tolani
  2. Himanshu Mange
MainCoSlice20242025
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 – Nov 2025)

Every change to the expense ratio, newest first.
4 changesRegularDirectΔ pt
10 Nov 20250.88%0.35%0
10 Apr 20250.89%0.35%0
10 Feb 20250.88%0.35%0
20 Aug 20240.87%0.35%–
Direct plan, 10 Nov 2025
0.35%
Regular plan 0.88% · Exit load nil
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(10 Nov 2025)

Objective

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented b the Nifty Alpha Low Volatility 30 Index before expenses, subject to tracking errors. 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
An open-ended scheme replicating/ tracking Nifty Alpha Low Volatility 30 Index
Benchmark
Nifty Alpha Low Volatility 30 TRI

Asset allocation it may hold% of NAV

  1. Securities constituting Nifty Alpha Low Volatility 30 Index
    Allowed95–100%
  2. Cash & cash equivalents and money market instruments, Reverse repo and / or Tri-Party Repo on Government securities or Treasury bills and/or Schemes which invest predominantly in the money market securities or Liquid Schemes
    Allowed0–5%Holds0.0%

Holds in Sept 2026.100.0% equity

How to invest(10 Nov 2025)

Buying

To start
₹1,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
ANY
Systematic
SIP - Daily/ Weekly/ Monthly / Quarterly / Yearly; SWP - Monthly / Quarterly / Half yearly / Yearly; STP - Daily / Weekly / Fornightly / Monthly / Quarterly
Dates
SIP - Any day - 01 to 31; SWP - 1st, 8th, 15th, 22nd; STP - Fixed STP:Daily - 1 to 30Weekly - 1st, 8th, 15th, 22ndFortnightly - 1st and 15thMonthly - any pre-specified date of the monthQuarterly - any pre-specified date of the first month of the quarterCapital Appreciation STP:Monthly - 1st of every monthQuarterly - 1st of the first month of the quarter
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) Rs.100 daily (minimum 3 months) Rs.500 daily (minimum 1 month) w.e.f. June 24, 2022 Rs.100 per weekly (minimum 1 year) Rs.500 per daily (minimum 3 months) w.e.f. June 24, 2022 SWP - 500/- STP 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 - 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 3 months for Rs. 100 daily 1 month for Rs. 500 daily 1 year for Rs. 100 per week 3 months for Rs. 500 per week 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year SWP - 2 STP - 30 FOR DAILY & 2 OTHERS
Most
SIP - NA; SWP - no limit; STP - Any

Selling and switching

To redeem
₹100 or ANY units
Switch minimum
₹1,000

Scheme details(10 Nov 2025)

What it is

Category
Others - Index Funds
Offer
1 Aug 2022 to 12 Aug 2022
Started
19 Aug 2022
Reopened
25 Aug 2022
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/O/EIN/21/10/0123