Primarily market-linked growth exposure
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.
Investors with a long horizon who can tolerate meaningful falls in value.
Share-price volatility, valuation risk, concentration and tracking risk where applicable.
How the money may be invested
Equity and Equity related Instruments of companies adopting innovation theme* - 80-100%; Debt and Money Market Instruments^ - 0-20%. *In case the Fund Manager decides to invest in Equity and Debt instruments of ADRs/ GDRs issued by Indian/ foreign companies and in foreign Securities/Overseas ETFs/ units of overseas mutual funds in accordance with SEBI Regulations in the Scheme and such investments will not exceed 20% of the net assets of the Scheme ^It also includes - Cash equivalents which include Government Securities, T-Bills and Repo on Government Securities having residual maturity of less than 91 days.
- SEBI category
- Equity: Thematic Funds
- Fund type
- Open
- Primary benchmark
- Nifty 500 TRI
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- Vinay Sharma, Rishit Parikh
- Manager tenure on this scheme
- Since Vinay Sharma - Since Aug 2023 ,Rishit Parikh- Since Aug 2024
- Role / co-management
- Vinay Sharma - Primary ,Rishit Parikh - Co-fund manager
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| Nippon India Innovation Fund - Direct Plan - Growth Option | ₹15.6435 | 04 Sep 2026 |
| Nippon India Innovation Fund - Direct Plan - IDCW Option | ₹15.6435 | 04 Sep 2026 |
| Nippon India Innovation Fund - Regular Plan - Growth Option | ₹15.0376 | 04 Sep 2026 |
| Nippon India Innovation Fund - Regular Plan - IDCW Option | ₹15.0376 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 2.06%, Direct 0.85%
- Exit load
- 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter
- Minimum application
- 100 · multiples of 1
- SIP frequency
- SIP - D,W,M,Q,Y STP - D,W,F,M,Q,Y SWP -W,M,Q,H
- Minimum SIP amount
- SIP - 100 Mutiple of Rs.1/- STP - 100 Mutiple of Rs.1/- SWP - 100 Mutiple of Rs.1/-
- Minimum instalments
- SIP - 6 STP - 2 SWP - 2
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.