Nippon India Value Fund
This is the Regular plan of Nippon India Value Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★☆☆3/5 vs 21 of 23 Value Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Value Fund (same plan and option). 21 of the 23 Value Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +11.59% · ranks 8 of 21 Value Funds
Volatility 15.3% vs 14.3% category avg
2.0% expense vs 2.4% category avg
96% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 3-year return (+11.59%) beats the Value Fund average (+10.93%)
- 5-year return (+11.05%) beats the Value Fund average (+10.40%)
- Stronger risk-adjusted returns — Sharpe 0.33 vs 0.30 Value Fund average
- Low expense ratio (2.00%) vs the Value Fund average of 2.43%
- Consistent — positive in 96% of rolling 3-year windows
Concerns
- Trails the Value Fund average on 1M/3M/6M/1Y — 1Y by 5.79pp
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Value Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -6.05% | -4.57% | -1.48% |
| 3M abs | -7.13% | -4.22% | -2.91% |
| 6M abs | +2.75% | +6.84% | -4.09% |
| 1Y CAGR | -6.82% | -1.03% | -5.79% |
| 3Y CAGR | +11.59% | +10.93% | +0.66% |
| 5Y CAGR | +11.05% | +10.40% | +0.65% |
Category average across peers in Value Fund (up to 23 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 23 peers in Value Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Nippon India Value Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -9.31% | -7.18% | -2.13% | |
| 2025 | +4.16% | +7.94% | -3.78% | |
| 2024 | +22.33% | +16.43% | +5.90% | |
| 2023 | +42.38% | +27.43% | +14.95% | |
| 2022 | +4.78% | +4.34% | +0.44% | |
| 2021 | +39.40% | +31.59% | +7.81% | |
| 2020 | +16.30% | +18.33% | -2.03% | |
| 2019 | +5.69% | +8.95% | -3.26% | |
| 2018 | -8.44% | -2.33% | -6.11% | |
| 2017 | +45.71% | +37.35% | +8.36% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity98.24%
- Cash & Equivalents1.76%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹8,870Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Nippon India Mutual Fund is managed by Nippon Life India Asset Management, which took control of the former Reliance Mutual Fund in 2019 when Nippon Life of Japan bought out the Reliance Capital stake. It is among India's largest fund houses by assets and is best known for its small- and mid-cap franchise.
Fund Managers
DSDhrumil ShahManaging since 01 Jan 2023
Fund Manager- Equity
B.Com, C
Over 18 years of experience in equity research and investments. February 01, 2018 till date: NAM India - Assistant Fund Manager- Equity July 2011 – January 2018 Birla Sun Life Insurance- AVP Investments, Equity Fund Management and Research May 2006 – June 2011 ASK Investment Managers- Portfolio Manager, Equity Fund Management and Research
MDMeenakshi DawarManaging since 01 May 2018
Fund Manager
B.Tech and MBA (IIM Ahmedabad)
Over 16 years of experience in Indian Equity Markets March 01, 2017 onwards Nippon Life India Asset Management Limited - Fund Manager - Equity. June 2011 - February 2017 IDFC Mutual Fund - Fund Manager managing Large Cap and Hybrid Funds April 2010 - June 2011 ICICI Securities - Equity Research Analyst covering listed Indian Equities. Also led an initiative to expand research coverage for mid and small cap companies May 2008 - March 2010 Edelweiss Capital - Associate - Relationship manager for domestic mutual funds and insurance companies
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Nippon India in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Nippon Life India AMC sets July 8 AGM, e-voting opens July 4
scanx.trade · 1d ago
Nippon India Ultra Short Term Fund Growth
ClearTax · 4d ago
One in every 3.5 new MF folios came to Nippon India or HDFC in four years
cafemutual.com · 6d ago
Nippon India Ultra Short to Short Term Fund - Retail Plan
CNBC TV18 · 7d ago
Nippon India Medium Term Fund - Direct Plan
CNBC TV18 · 7d ago
Nippon India Medium to Long Term Fund
CNBC TV18 · 7d ago
CARE Ratings to host Nippon India Mutual Fund meet on Sep 30
scanx.trade · 11d ago
HDFC MF sells 1.45% stake in Escorts Kubota for Rs 453 crore; Nippon India MF buys shares
Fortune India · 11d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Value funds
Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.
From the blog
Frequently asked questions
What is the NAV of Nippon India Value Fund?
As of 05 Oct 2026, the NAV of Nippon India Value Fund is ₹210.17 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Nippon India Value Fund delivered?
Nippon India Value Fund has returned -6.82% over 1 year, +11.59% per year over 3 years, +11.05% per year over 5 years and +14.90% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Nippon India Value Fund?
Nippon India Value Fund charges an expense ratio of 2.00% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Nippon India Value Fund?
Nippon India Value Fund's largest holdings are HDFC Bank Limited (6.9%), State Bank of India (4.5%), Axis Bank Limited (3.8%), ICICI Bank Limited (3.5%) and NTPC Limited (3.4%). Holdings are disclosed monthly and change over time.
How risky is Nippon India Value Fund?
Nippon India Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.3% and its worst peak-to-trough fall in our sample was -64.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.33 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Value Fund's 0.33 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Nippon India Value Fund?
Nippon India Value Fund is benchmarked against the Tier 1 Benchmark: Nifty 500 TRI. Its alpha and beta on this page are measured against that index.
Who manages Nippon India Value Fund?
Nippon India Value Fund is managed by Dhrumil Shah and Meenakshi Dawar at Nippon India.
How is Nippon India Value Fund taxed?
Nippon India Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.