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Nippon India Vision Large & Mid Cap Fund

Q: What is the NAV of Nippon India Vision Large & Mid Cap Fund?

As of 01 Oct 2026, the NAV of Nippon India Vision Large & Mid Cap Fund is ₹258.55 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India Vision Large & Mid Cap Fund delivered?

Nippon India Vision Large & Mid Cap Fund has returned -3.18% over 1 year, +12.78% per year over 3 years, +11.79% per year over 5 years and +13.35% 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.

Q: What is the expense ratio of Nippon India Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund charges an expense ratio of 1.50% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Nippon India Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund's largest holdings are ICICI Bank Limited (4.9%), State Bank of India (4.4%), Dixon Technologies (India) Limited (3.8%), Eternal Limited (3.7%) and Axis Bank Limited (3.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.8% and its worst peak-to-trough fall in our sample was -45.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.42 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Vision Large & Mid Cap Fund's 0.42 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Nippon India Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund is benchmarked against the NIFTY Large Midcap 250 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Nippon India Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund is managed by Aishwarya Deepak Agarwal at Nippon India.

Q: How is Nippon India Vision Large & Mid Cap Fund taxed?

Nippon India Vision Large & Mid Cap 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.

Nippon India Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹258.55

-0.68% 1D

as of 01 Oct 2026

This is the Direct plan of Nippon India Vision Large & Mid Cap Fund — bought from the fund house, with no distributor commission in its expense ratio.

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Performance

-2.62%CAGR

52-week rangePrev NAV ₹260.32

Latest ₹258.55

Low ₹240.4144th percentile of its 52-week rangeHigh ₹281.25

Scorecard

Not rated

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. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

PerformanceAverage

3Y CAGR +12.78% · ranks 11 of 27 Large & Mid Cap Funds

RiskModerate

Volatility 14.8% vs 14.7% category avg

CostHigh

1.5% expense vs 1.2% category avg

ConsistencyHigh

93% 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

Consistent — positive in 93% of rolling 3-year windows

Concerns

Trails the Large & Mid Cap Fund average on 1M/3M/6M/1Y — 1Y by 3.61pp
High expense ratio (1.50%) vs the Large & Mid Cap Fund average of 1.18%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.50%

Category 1.18%▲0.32%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

27.42

Category 27.98▼0.56

Excess return per unit of total volatility (rf = 6.5%)

0.42

Category 0.39▲0.03

Scheme Info

Definitions

Plan

Direct

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

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.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY Large Midcap 250 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-6.73%

Absolute return over the last 3 months (not annualized)

-5.01%

Absolute return over the last 6 months (not annualized)

+5.50%

Absolute return since 1 Jan of this year (not annualized)

-5.82%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-3.18%

3-year annualized return (CAGR)

+12.78%

5-year annualized return (CAGR)

+11.79%

10-year annualized return (CAGR)

+12.50%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+13.35%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.81%

Excess return per unit of total volatility (rf = 6.5%)

0.42

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.57

Largest peak-to-trough decline over full history

-45.02%

Benchmark ratios (vs Nifty Midcap 150 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150 TRI

0.19%

Sensitivity to Nifty Midcap 150 TRI moves; 1 = moves with the index

0.84

How much of the fund's movement Nifty Midcap 150 TRI explains

93.4%

Excess return per unit of beta (market risk)

7.81

Active return over the benchmark per unit of tracking error

-0.17

Annualized std dev of fund-minus-benchmark returns

5.11%

Fund's share of benchmark gains in up months (100 = matches index)

85.2%

Fund's share of benchmark losses in down months (lower is better)

79.8%

Computed vs the Nifty Midcap 150 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large & Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-6.73%	-5.90%	-0.83%
3M abs	-5.01%	-3.58%	-1.43%
6M abs	+5.50%	+9.01%	-3.51%
1Y CAGR	-3.18%	+0.43%	-3.61%
3Y CAGR	+12.78%	+12.56%	+0.22%
5Y CAGR	+11.79%	+11.92%	-0.12%

Category average across peers in Large & Mid Cap Fund (up to 36 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 36 peers in Large & Mid Cap Fund

1Y return

-3.18%

Beats 21.2% · rank #27

3Y return

+12.78%

Beats 61.5% · rank #11

5Y return

+11.79%

Beats 53.8% · rank #13

Sharpe

0.42

Beats 61.5% · rank #10

Sortino

0.57

Beats 61.5% · rank #10

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.86L

Absolute

+30.96%

XIRR

+11.07%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Nippon India Vision Large & Mid Cap 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 Midcap 150 TRI	Diff
2026part	-5.82%	-1.81%	-4.01%
2025	+6.16%	+6.24%	-0.08%
2024	+26.28%	+24.74%	+1.54%
2023	+34.93%	+45.27%	-10.34%
2022	+2.94%	+4.09%	-1.15%
2021	+34.43%	+48.31%	-13.88%
2020	+13.92%	+26.10%	-12.18%
2019	+6.16%	—	—
2018	-16.41%	—	—
2017	+42.37%	—	—

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.

History points

3,383

Expense ratio

1.50%

AUM

₹658.59Cr

Portfolio turnover

101%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

27.4

P/B ratio

4.9

Avg market cap

₹2,92,177Cr

P/E & P/B are portfolio-weighted harmonic means across 70 of 80 equity holdings (86% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Large & Mid Cap Fund

Compare all


Nippon India Vision Large & Mid Cap FundThis fund Nippon India · Direct	—	-3.18%	+12.78%	+11.79%	—	1.50%	—
Invesco India Large & Mid Cap Fund Invesco · Direct · Growth	★★★★★	+5.93%	+21.14%	+16.29%	42.79	0.79%	—
Motilal Oswal Large and Midcap Fund Motilal Oswal · Direct · Growth	★★★★☆	+5.56%	+20.48%	+18.20%	38.81	0.89%	₹17,050Cr
Bandhan Large & Mid Cap Fund Bandhan · Direct · Growth	★★★★★	+1.56%	+16.26%	+15.92%	19.23	1.15%	—
HSBC Large & Mid Cap Fund HSBC · Direct · Growth	★★★☆☆	+7.29%	+16.20%	+13.72%	31.19	1.34%	—
Invesco India Large & Mid Cap Fund Invesco · Direct · IDCW	—	-2.69%	+14.65%	+12.50%	—	0.79%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap57.7%
Mid cap40.8%
Small cap1.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity94.72%
Cash & Equivalents5.28%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Nippon India Multi Asset Allocation Fund Nippon India · Multi Asset Allocation	42.5% of 56% equity	★★★★★	0.47%	+18.08%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	42.5%	★★★☆☆	0.69%	+10.26%
Zerodha Life Cycle Fund 2036 Zerodha · Life Cycle Fund with Maturity of 10 Years	42.3% of 67% equity	—	1.02%	—
Axis Large & Mid Cap Fund Axis · Large & Mid Cap Fund	41.9%	★★★★★	0.83%	+13.98%
Nippon India Balanced Advantage Fund Nippon India · Dynamic Asset Allocation or Balanced Advantage	41.9% of 72% equity	★★★☆☆	0.89%	+9.69%
Edelweiss NIFTY Large Midcap 250 Index Fund Edelweiss · Index Funds	41.4%	★★★★☆	0.35%	+10.05%
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Zerodha · Index Funds	41.4%	★★★☆☆	0.36%	—
ICICI Prudential Nifty LargeMidcap 250 Index Fund ICICI Prudential · Index Funds	41.4%	★★☆☆☆	0.33%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.55% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.55%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-45.0%23 Jan 2018 → 23 Mar 2020
Fell over 2.2 years, back to the old high on 04 Jan 2021 — 9 months under water after the low.
-24.2%03 Mar 2015 → 25 Feb 2016
Fell over 12 months, back to the old high on 07 Sep 2016 — 6 months under water after the low.
-23.6%07 Jan 2013 → 28 Aug 2013
Fell over 8 months, back to the old high on 07 Mar 2014 — 6 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

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.

Launched

29 Jun 1995

Total AUM

₹7,87,053Cr+4.7% QoQ

Avg AUM · July - September 2026

Website

mf.nipponindiaim.com

Fund Managers

AAAishwarya Deepak AgarwalManaging since 01 Jun 2021

Role

Fund Manager and Senior Research Analyst

Education

C.A., CFA

Experience

Over 26 years of experience in Equities – Capital markets (Buy and Sell side) (including 5 years of experience in Oil Sector) From June 10, 2019 onwards till date NAM India - Fund Manager and Senior Research Analyst Fund management and Equity Research of Oil, Pharma and Telecom sectors November 20, 2013 to June 9, 2019 NAM India - Senior Research Analyst Equity Research of Oil and Gas, Pharma and Telecom sectors May 2012 to November 18, 2013 HDFC Securities Limited - Assistant Vice President - Research Equity Research of Oil and gas Sectors November 2009 to April 2012 Alchemy Capital Management Private Limited - Research Analyst Equity Research of Oil and gas, Pharma, Telecom, Capital goods, Metal Sectors December 2007 to October 2009 B & K Securities - Assistant Vice President - Research Equity Research of Oil and gas Sectors

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

Top holdings

ICICI Bank Limited State Bank of India Dixon Technologies (India) Limited Eternal Limited Axis Bank Limited HDFC Bank Limited Coforge Limited Trent Limited FSN E-Commerce Ventures Limited Titan Company Limited Reliance Industries Limited Mahindra & Mahindra Financial Services Limited

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.

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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 Large & Mid Cap funds

Large & mid cap funds keep at least 35% each in large-cap and mid-cap stocks. They aim to blend the stability of big companies with the higher growth — and higher swings — of mid caps.

Frequently asked questions

What is the NAV of Nippon India Vision Large & Mid Cap Fund?

As of 01 Oct 2026, the NAV of Nippon India Vision Large & Mid Cap Fund is ₹258.55 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India Vision Large & Mid Cap Fund delivered?

Nippon India Vision Large & Mid Cap Fund has returned -3.18% over 1 year, +12.78% per year over 3 years, +11.79% per year over 5 years and +13.35% 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 Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund charges an expense ratio of 1.50% 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 Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund's largest holdings are ICICI Bank Limited (4.9%), State Bank of India (4.4%), Dixon Technologies (India) Limited (3.8%), Eternal Limited (3.7%) and Axis Bank Limited (3.0%). Holdings are disclosed monthly and change over time.

How risky is Nippon India Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.8% and its worst peak-to-trough fall in our sample was -45.0%. 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 0.42 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Vision Large & Mid Cap Fund's 0.42 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Nippon India Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund is benchmarked against the NIFTY Large Midcap 250 TRI. Its alpha and beta on this page are measured against that index.

Who manages Nippon India Vision Large & Mid Cap Fund?

Nippon India Vision Large & Mid Cap Fund is managed by Aishwarya Deepak Agarwal at Nippon India.

How is Nippon India Vision Large & Mid Cap Fund taxed?

Nippon India Vision Large & Mid Cap 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.