EquitySectoral/ ThematicDirectGrowthVery High

Nippon India Power & Infra Fund

Q: What is the NAV of Nippon India Power & Infra Fund?

As of 05 Oct 2026, the NAV of Nippon India Power & Infra Fund is ₹400.57 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India Power & Infra Fund delivered?

Nippon India Power & Infra Fund has returned +6.01% over 1 year, +17.36% per year over 3 years, +19.06% per year over 5 years and +14.76% 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 Power & Infra Fund?

Nippon India Power & Infra Fund charges an expense ratio of 1.10% 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 Power & Infra Fund?

Nippon India Power & Infra Fund's largest holdings are Reliance Industries Limited (7.3%), Larsen & Toubro Limited (6.7%), NTPC Limited (5.1%), NTPC Green Energy Limited (3.8%) and Bharat Heavy Electricals Limited (3.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India Power & Infra Fund?

Nippon India Power & Infra Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.8% and its worst peak-to-trough fall in our sample was -53.2%. 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 0.61 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Power & Infra Fund's 0.61 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Nippon India Power & Infra Fund?

Nippon India Power & Infra Fund is benchmarked against the Nifty Infrastructure TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Nippon India Power & Infra Fund?

Nippon India Power & Infra Fund is managed by Rahul Modi at Nippon India.

Q: How is Nippon India Power & Infra Fund taxed?

Nippon India Power & Infra 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 Sectoral & Thematic Mutual Funds

NAV

₹400.57

+0.78% 1D

as of 05 Oct 2026

This is the Direct plan of Nippon India Power & Infra Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+5.97%absolute

52-week rangePrev NAV ₹397.48

Latest ₹400.57

Low ₹349.5365th percentile of its 52-week rangeHigh ₹427.85

Scorecard

★★★☆☆3/5 vs 142 of 255 Sectoral/ Thematic 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 Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +17.36% · ranks 43 of 142 Sectoral/ Thematic funds

RiskHigh

Volatility 17.8% vs 15.6% category avg

CostLow

1.1% expense vs 1.3% category avg

ConsistencyHigh

92% 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

1-year return (+6.01%) beats the Sectoral/ Thematic average (+3.38%)
3-year return (+17.36%) beats the Sectoral/ Thematic average (+13.77%)
5-year return (+19.06%) beats the Sectoral/ Thematic average (+11.97%)
Stronger risk-adjusted returns — Sharpe 0.61 vs 0.44 Sectoral/ Thematic average
Low expense ratio (1.10%) vs the Sectoral/ Thematic average of 1.27%

Concerns

More volatile than its Sectoral/ Thematic peers (17.8% vs 15.6%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.10%

Category 1.27%▼0.17%

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

22.25

Category 28.69▼6.44

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

0.61

Category 0.44▲0.17

Scheme Info

Definitions

Plan

Direct · Growth

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

None

1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter.

1.00%

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 Infrastructure 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)

-4.27%

Absolute return over the last 3 months (not annualized)

-3.98%

Absolute return over the last 6 months (not annualized)

+11.24%

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

+6.61%

Annualized returns (≥1Y — CAGR)

Definitions

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

+6.01%

3-year annualized return (CAGR)

+17.36%

5-year annualized return (CAGR)

+19.06%

10-year annualized return (CAGR)

+17.38%

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.

+14.76%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

17.84%

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

0.61

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

0.81

Largest peak-to-trough decline over full history

-53.17%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

6.96%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

1.19

How much of the fund's movement Nifty 500 TRI explains

82.9%

Excess return per unit of beta (market risk)

9.26

Active return over the benchmark per unit of tracking error

0.86

Annualized std dev of fund-minus-benchmark returns

9.03%

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

134.2%

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

109.8%

Computed vs the Nifty 500 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 (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-4.27%	-4.47%	+0.20%
3M abs	-3.98%	-2.32%	-1.66%
6M abs	+11.24%	+12.07%	-0.83%
1Y CAGR	+6.01%	+3.38%	+2.63%
3Y CAGR	+17.36%	+13.77%	+3.59%
5Y CAGR	+19.06%	+11.97%	+7.09%

Category average across peers in Sectoral/ Thematic (up to 255 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 255 peers in Sectoral/ Thematic

1Y return

+6.01%

Beats 67.1% · rank #76

3Y return

+17.36%

Beats 70.2% · rank #43

5Y return

+19.06%

Beats 94.1% · rank #7

Sharpe

0.61

Beats 70.9% · rank #42

Sortino

0.81

Beats 68.1% · rank #46

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

₹9.32L

Absolute

+55.30%

XIRR

+18.20%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Nippon India Power & Infra 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	+6.61%	-7.18%	+13.79%
2025	+0.37%	+7.94%	-7.57%
2024	+27.98%	+16.43%	+11.55%
2023	+59.03%	+27.43%	+31.60%
2022	+11.64%	+4.34%	+7.30%
2021	+49.69%	+31.59%	+18.10%
2020	+11.47%	+18.33%	-6.86%
2019	-2.35%	+8.95%	-11.30%
2018	-20.60%	-2.33%	-18.27%
2017	+62.86%	+37.35%	+25.51%

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

3,384

Expense ratio

1.10%

AUM

₹6,909Cr

Portfolio turnover

46%

Exit load

1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter.

P/E ratio

22.3

P/B ratio

4.0

Avg market cap

₹2,65,378Cr

P/E & P/B are portfolio-weighted harmonic means across 66 of 83 equity holdings (89% 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 · Sectoral/ Thematic

Compare all


Nippon India Power & Infra FundThis fund Nippon India · Direct · Growth	★★★☆☆	+6.01%	+17.36%	+19.06%	22.25	1.10%	—
Nippon India Taiwan Equity Fund Nippon India · Direct · Growth	★★★★☆	+128.11%	+63.78%	—	—	1.06%	₹1,110Cr
HDFC Defence Fund HDFC · Direct · Growth	★★★★☆	+20.18%	+36.05%	—	57.59	0.89%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Direct · Growth	★★★★★	+25.57%	+29.81%	—	44.12	1.03%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Direct · Growth	★★★☆☆	+32.46%	+25.00%	+9.83%	26.07	1.21%	₹720.84Cr
Nippon India Japan Equity Fund Nippon India · Direct · Growth	★★★☆☆	+30.50%	+24.42%	+12.14%	—	1.37%	₹330.20Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap47.4%
Mid cap22.9%
Small cap29.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.51%
Cash & Equivalents1.49%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Sundaram Infrastructure Advantage Fund Sundaram · Sectoral/ Thematic	41.3%	★★☆☆☆	1.81%	+14.43%
DSP India T.I.G.E.R. Fund DSP · Sectoral/ Thematic	39.8%	★★★☆☆	1.06%	+19.14%
Aditya Birla Sun Life Infrastructure Fund Aditya Birla Sun Life · Sectoral/ Thematic	39.4%	★★★☆☆	1.50%	+16.35%
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Tata · Index Funds	39.1%	★★☆☆☆	0.63%	—
Mirae Asset Infrastructure Fund Mirae Asset · Sectoral/ Thematic	38.8%	—	0.82%	—
UTI - Infrastructure Fund UTI · Sectoral/ Thematic	37.0%	★★☆☆☆	2.00%	+11.53%
HSBC Infrastructure Fund HSBC · Sectoral/ Thematic	36.7%	★★★☆☆	1.11%	+15.43%
Nippon India ETF Nifty Infrastructure BeES Nippon India · Other ETFs	36.4%	—	0.52%	+11.75%

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)

2 holdings — 2.36% 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.

Cyient DLM LimitedLong-term · Stage I1.65%
Mtar Technologies LimitedLong-term · Stage IV0.71%

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.

-53.2%15 Jan 2018 → 24 Mar 2020
Fell over 2.2 years, back to the old high on 03 Mar 2021 — 11 months under water after the low.
-36.2%07 Jan 2013 → 21 Aug 2013
Fell over 7 months, back to the old high on 14 May 2014 — 9 months under water after the low.
-25.6%27 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 27 Apr 2026 — 14 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

RMRahul ModiStart date not disclosed

Role

Fund Manager & Research Analyst

Experience

Over 19 years of experience From August 19, 2024 onwards Fund Manager & Research Analyst, NAM India February 08, 2023 - August 18, 2024 Nippon India Mutual Fund - Buy Side Analyst in equities team – Covering Power, Industrials, Defence, Infrastructure and logistics October 2017 – January 2023 ICICI Securities - VP – Sell Side analyst covering Power, Capital Goods and Infrastructure September 2012 – October 2017 Antique Stock Broking - VP – Sell side analyst covering Power & Infrastructure

All schemes Rahul Modi runs →

Fund manager, benchmark and dealing terms from 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

Reliance Industries Limited Larsen & Toubro Limited NTPC Limited NTPC Green Energy Limited Bharat Heavy Electricals Limited Hindustan Aeronautics Limited Bharti Airtel Limited Triveni Turbine Limited UltraTech Cement Limited Ambuja Cements Limited Carborundum Universal Limited Samvardhana Motherson International 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.

Run SIP calculator Add to compare

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 Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

From the blog

Infrastructure fund returns in July 2026 vs the index
17 Jul 2026
To 16 July 2026 the median infrastructure fund returned 20.13% a year over three years and 20.92% over five, beating the Nifty Infrastructure in both.

Frequently asked questions

What is the NAV of Nippon India Power & Infra Fund?

As of 05 Oct 2026, the NAV of Nippon India Power & Infra Fund is ₹400.57 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India Power & Infra Fund delivered?

Nippon India Power & Infra Fund has returned +6.01% over 1 year, +17.36% per year over 3 years, +19.06% per year over 5 years and +14.76% 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 Power & Infra Fund?

Nippon India Power & Infra Fund charges an expense ratio of 1.10% 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 Power & Infra Fund?

Nippon India Power & Infra Fund's largest holdings are Reliance Industries Limited (7.3%), Larsen & Toubro Limited (6.7%), NTPC Limited (5.1%), NTPC Green Energy Limited (3.8%) and Bharat Heavy Electricals Limited (3.5%). Holdings are disclosed monthly and change over time.

How risky is Nippon India Power & Infra Fund?

Nippon India Power & Infra Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.8% and its worst peak-to-trough fall in our sample was -53.2%. 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 0.61 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Power & Infra Fund's 0.61 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Nippon India Power & Infra Fund?

Nippon India Power & Infra Fund is benchmarked against the Nifty Infrastructure TRI. Its alpha and beta on this page are measured against that index.

Who manages Nippon India Power & Infra Fund?

Nippon India Power & Infra Fund is managed by Rahul Modi at Nippon India.

How is Nippon India Power & Infra Fund taxed?

Nippon India Power & Infra 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 Power & Infra Fund

Performance

Scorecard

Strengths & concerns

Strengths

Concerns

Key Metrics

Scheme Info

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

Annualized returns (≥1Y — CAGR)

Fund vs category average (Sectoral/ Thematic)

Category rank

Backtest this fund

Calendar-year returns

Taxation

Peer comparison · Sectoral/ Thematic

Market-cap allocation · AMFI bands, Jul 2026

Asset allocation

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

🚩Holdings under NSE surveillance (ASM)

AMC Profile

Fund Managers

Explore from here

Nippon India in the news

About Sectoral & Thematic funds

From the blog

Infrastructure fund returns in July 2026 vs the index

Frequently asked questions

Peer comparison · Sectoral/ Thematic

Market-cap allocation · AMFI bands, Jul 2026

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

🚩Holdings under NSE surveillance (ASM)