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Nippon India Innovation Fund

An open ended equity scheme investing in innovation theme

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This product is suitable for investors who are seeking*:

  • long term capital growth
  • Investment in equity and equity related securities of companies adopting innovation theme.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Fund Riskometer

Nippon India Innovation Fund

Benchmark Riskometer

Nifty 500 TRI

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  • Investment 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.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (18 Jul 2024)14.2741


NAV as on June 28, 2024: `14.0084

​Performance of Nippon India Innovation Fund as on 28/06/2024
Particulars
Simple Annualised %
6 MonthsSince Inception
Nippon India Innovation Fund47.9248.13
B:Nifty 500 TRI33.5541.07
AB:BSE Sensex TRI20.5327.15
Value of `10000 Invested
Nippon India Innovation Fund12,15613,871
B:Nifty 500 TRI11,55213,319
AB:BSE Sensex TRI10,97612,215
Inception Date: Aug 29, 2023
B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager : Vinay Sharma (Since Aug 2023)

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER:Vinay Sharma

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Focused Equity Fund37.1238.4019.4419.9719.5619.95
Nippon India Banking & Financial Services Fund25.9517.9519.2913.5313.5812.36

Note:

a. Vinay Sharma manages 3 open-ended schemes of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Vinay Sharma has been managing Nippon India Banking & Financial Services Fund since Apr 2018, Nippon India Focused Equity Fund since May 2018, Nippon India Innovation Fund since Aug 2023.

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. Returns for 1 year and above are compounded annualized(CAGR) and returns less than 1 year are simple annualized basis. 6 months simple annualized returns are provided for the schemes that are in existence for more than 6 months but have not completed 1 year.IDCW (if any) are assumed to be reinvested at the prevailing NAV. In case of Nippon India ETF Liquid BeES, returns are based on gross IDCW per unit declared by the Fund. Bonus (if any) declared has been adjusted.Face value of schemes is `10 per unit, except for the schemes as specified here. Face Value of Nippon India Liquid Fund, Nippon India Money Market Fund Nippon India Ultra Short Duration Fund, Nippon India Low Duration Fund and Nippon India ETF Liquid BeES is `1000 per unit. Face value of Nippon India ETF Junior BeES is `1.25 per unit. Face value of Nippon India Overnight Fund is `100 per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES, Nippon India ETF Gold BeES is `1 per unit. In case, the start/end date of the concerned period is non-business day, NAV of the previous date is considered for computation of returns. Performance details of closed ended and interval schemes are not provided since these are not comparable with other schemes. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).












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Fund Details

  • Inception Date29 Aug 2023
  • Fund ManagerMr. Vinay Sharma
Current Investment Philosophy
    • The Fund seeks to provide long term capital appreciation to investors by primarily investing in equities of companies seeking to benefit from innovation.
    • The fund will follow a high conviction approach and focus on high quality-high growth businesses driving transformation across sectors.
Minimum Investment
500.00

    and in multiples of Re.1 thereafter

    Note - For investments made by designated employees in terms of SEBI circular dated April 28, 2021 and September 20, 2021, requirement for minimum application / redemption amount will not be applicable.

Fund Manager
Load Details

Entry Load*

Not Applicable*

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units.

Nil, thereafter

Exit load levied on the Units redeemed will be the rate prevailing at the time of the allotment of the Units. For Special products registrations, load for each transaction is based on the load structure applicable as on the registration date.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • long term capital growth
  • Investment in equity and equity related securities of companies adopting innovation theme.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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