Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Value Fund

Holds 86 companies worth ₹8,190 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹8,479 CrNippon India Value Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.2% on Aug 2026, ₹9,043 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 7.3% of this scheme's NAV.

  • Fund manager

    Meenakshi DawarRuns it since 1 May 2018, as the fund house dates it. With Dhrumil Shah (fund manager).

Overview(8 Oct 2026)

Fund managers2

  1. Meenakshi DawarFund manager · May 2018 · 17y · MBA B.Tech
  2. Dhrumil ShahFund manager · Jan 2023 · 20y · B.Com

    Key facts

    Benchmark
    Tier 1 Benchmark: Nifty 500 TRI
    Risk
    Very High
    Expense
    Regular 2% · Direct 1.28%
    Exit load
    10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter.
    Started
    8 Jun 2005
    Minimum
    ₹500

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

    What changed(20 changes)

    Oct 2026

    1 change
    1. Expense ratio
      8 OctRegular 1.99% → 2%Direct 1.27% → 1.28%

    Aug 2026

    1 change
    1. Expense ratio
      9 AugDirect 1.29% → 1.27%

    Jul 2026

    1 change
    1. Expense ratio
      9 JulRegular 1.92% → 1.99%Direct 1.21% → 1.29%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(May 2018 – now)

    1. Meenakshi Dawar
    2. Dhrumil Shah
    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.
    21 changesRegularDirectΔ pt
    8 Oct 20262.00%1.28%0.01
    9 Aug 20261.99%1.27%0.02
    9 Jul 20261.99%1.29%0.08
    9 Jun 20261.92%1.21%0.07
    14 May 20261.97%1.28%0.92
    7 May 20262.90%2.20%0.15
    9 Apr 20263.05%2.35%1.29
    9 Mar 20261.83%1.06%0.02
    9 Feb 20261.83%1.08%0.01
    9 Dec 20251.83%1.09%0.01
    10 Nov 20251.82%1.08%0.02
    10 Sept 20251.84%1.10%0.01
    8 Aug 20251.83%1.09%0.01
    10 Jun 20251.82%1.08%0.02
    10 May 20251.84%1.10%0.01
    10 Apr 20251.85%1.11%0.01
    10 Feb 20251.84%1.12%0.01
    10 Jan 20251.84%1.13%0.02
    11 Nov 20241.84%1.15%0.01
    20 Sept 20241.83%1.14%0.01
    20 Aug 20241.84%1.15%–
    Direct plan, 8 Oct 2026
    1.28%
    Regular plan 2.00% · Exit load 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months 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 this scheme is to seek capital appreciation and/or to generate consistent returns by actively investing in equity/ equity related securities predominantly into value stocks. There is no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Moderately High
    Type
    Open
    Benchmark
    Tier 1 Benchmark: Nifty 500 TRI

    Asset allocation it may hold% of NAV

    1. Equity and Equity related securities
      Allowed80–100%Holds96.6%
    2. Equity & Equity Related instruments, money market instruments, other liquid instruments@, Gold ETF and Silver ETF
      Allowed0–20%
    3. Units issued by REITs and InvITs –
      Allowed0–10%Holds0.0%

    Holds in Sept 2026.96.6% equity · 3.4% debt and cash

    How to invest(8 Oct 2026)

    Buying

    To start
    ₹500, then in multiples of ₹1
    To add
    ₹500, 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 Option - Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Minimum of Rs. 500 Quarterly option – Minimum of Rs. 1500, 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 - NA SWP - Any STP - Any

    Selling and switching

    To redeem
    ₹100 or Any units
    Switch minimum
    ₹500

    Scheme details(8 Oct 2026)

    What it is

    Category
    Equity: Value Fund/Contra Fund
    Offer
    10 May 2005
    Started
    8 Jun 2005
    Reopened
    8 Jun 2005
    Plans
    Direct Plan IDCW Plan Payout · Direct Plan IDCW Plan Reinvestment · Direct Growth Plan Growth Option Growth · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan Growth Option 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/VAF/04/11/0023