EquityValue FundDirectGrowthVery High

Nippon India Value Fund

Q: What is the NAV of Nippon India Value Fund?

As of 05 Oct 2026, the NAV of Nippon India Value Fund is ₹232.14 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India Value Fund delivered?

Nippon India Value Fund has returned -6.14% over 1 year, +12.39% per year over 3 years, +11.84% per year over 5 years and +14.84% 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 Value Fund?

Nippon India Value Fund charges an expense ratio of 1.28% 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 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.

Q: 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 -38.6%. 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 0.38 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Value Fund's 0.38 means it has rewarded its volatility with excess return. Higher is better.

Q: 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.

Q: Who manages Nippon India Value Fund?

Nippon India Value Fund is managed by Dhrumil Shah and Meenakshi Dawar at Nippon India.

Q: 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.

Nippon India Mutual Fund · Best Value Mutual Funds

NAV

₹232.14

+0.30% 1D

as of 05 Oct 2026

This is the Direct plan of Nippon India Value 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.

Compare SIP calculator

Performance

-6.80%absolute

52-week rangePrev NAV ₹231.45

Latest ₹232.14

Low ₹221.3029th percentile of its 52-week rangeHigh ₹258.60

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.

PerformanceAverage

3Y CAGR +12.39% · ranks 8 of 21 Value Funds

RiskModerate

Volatility 15.3% vs 14.3% category avg

CostAverage

1.3% expense vs 1.3% category avg

ConsistencyHigh

98% 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 98% of rolling 3-year windows

Concerns

Trails the Value Fund average on 1M/3M/6M/1Y — 1Y by 6.22pp

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.28%

Category 1.31%▼0.03%

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

20.11

Category 19.74▲0.37

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

0.38

Category 0.38▲0.00

Scheme Info

Definitions

Plan

Direct · Growth

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

₹500

Tier 1 Benchmark: Nifty 500 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)

-6.00%

Absolute return over the last 3 months (not annualized)

-6.95%

Absolute return over the last 6 months (not annualized)

+3.12%

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

-8.81%

Annualized returns (≥1Y — CAGR)

Definitions

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

-6.14%

3-year annualized return (CAGR)

+12.39%

5-year annualized return (CAGR)

+11.84%

10-year annualized return (CAGR)

+14.34%

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.

+14.84%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.32%

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

0.38

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

0.52

Largest peak-to-trough decline over full history

-38.60%

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

2.44%

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

1.02

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

95.8%

Excess return per unit of beta (market risk)

5.76

Active return over the benchmark per unit of tracking error

0.79

Annualized std dev of fund-minus-benchmark returns

3.38%

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

107.0%

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

96.1%

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 (Value Fund)

Period	Fund	Category avg.	Diff
1M abs	-6.00%	-4.48%	-1.52%
3M abs	-6.95%	-3.95%	-3.00%
6M abs	+3.12%	+7.44%	-4.32%
1Y CAGR	-6.14%	+0.08%	-6.22%
3Y CAGR	+12.39%	+12.14%	+0.25%
5Y CAGR	+11.84%	+11.56%	+0.28%

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

1Y return

-6.14%

Beats 23.8% · rank #17

3Y return

+12.39%

Beats 65% · rank #8

5Y return

+11.84%

Beats 50% · rank #9

Sharpe

0.38

Beats 65% · rank #8

Sortino

0.52

Beats 55% · 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

₹7.70L

Absolute

+28.36%

XIRR

+10.24%

Value vs. invested

ValueInvested

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	-8.81%	-7.18%	-1.63%
2025	+4.93%	+7.94%	-3.01%
2024	+23.19%	+16.43%	+6.76%
2023	+43.41%	+27.43%	+15.98%
2022	+5.52%	+4.34%	+1.18%
2021	+40.31%	+31.59%	+8.72%
2020	+17.09%	+18.33%	-1.24%
2019	+6.35%	+8.95%	-2.60%
2018	-7.77%	-2.33%	-5.44%
2017	+46.87%	+37.35%	+9.52%

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

1.28%

AUM

₹8,827Cr

Portfolio turnover

54%

Exit load

P/E ratio

20.1

P/B ratio

3.5

Avg market cap

₹3,64,716Cr

P/E & P/B are portfolio-weighted harmonic means across 75 of 90 equity holdings (90% 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 · Value Fund

Compare all


Nippon India Value FundThis fund Nippon India · Direct · Growth	★★★☆☆	-6.14%	+12.39%	+11.84%	20.11	1.28%	₹8,827Cr
Quant Value Fund quant · Direct · Growth	★★★★☆	+12.05%	+19.89%	—	28.85	0.90%	₹1,784Cr
LIC MF Value Fund LIC · Direct · Growth	★★★☆☆	+19.02%	+17.26%	—	26.06	1.78%	₹212.81Cr
Axis Value Fund Axis · Direct · Growth	★★★★★	+5.10%	+17.19%	+15.19%	23.29	0.92%	₹1,552Cr
DSP Value Fund DSP · Direct · Growth	★★★★★	+3.47%	+15.37%	+12.26%	17.32	1.55%	₹1,772Cr
HDFC Value Fund HDFC · Direct · Growth	★★★☆☆	+3.86%	+15.07%	+12.87%	23.91	1.11%	₹7,330Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap57.7%
Mid cap21.0%
Small cap21.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.24%
Cash & Equivalents1.76%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Nippon India Flexi Cap Fund Nippon India · Flexi Cap Fund	49.4%	★★☆☆☆	0.65%	+9.14%
Nippon India Balanced Advantage Fund Nippon India · Dynamic Asset Allocation or Balanced Advantage	46.6% of 72% equity	★★★★☆	0.89%	+9.88%
Mirae Asset Large Cap Fund Mirae Asset · Large Cap Fund	45.1%	★★★☆☆	0.75%	+7.56%
Motilal Oswal Large Cap Motilal Oswal · Large Cap Fund	45.0%	★★★☆☆	0.98%	—
UTI - Equity Savings Fund UTI · Equity Savings	44.6% of 67% equity	★★★★☆	1.04%	+7.86%
UTI Balanced Advantage Fund UTI · Dynamic Asset Allocation or Balanced Advantage	44.1% of 68% equity	★★☆☆☆	0.91%	+7.68%
UTI - Large Cap Fund UTI · Large Cap Fund	43.8%	★★☆☆☆	1.19%	+6.32%
Nippon India ETF BSE Sensex Nippon India · Other ETFs	43.7%	—	0.04%	+4.47%

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 — 0.26% 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 I0.26%

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.

-38.6%23 Jan 2018 → 23 Mar 2020
Fell over 2.2 years, back to the old high on 11 Nov 2020 — 8 months under water after the low.
-24.8%06 Aug 2015 → 29 Feb 2016
Fell over 7 months, back to the old high on 08 Aug 2016 — 5 months under water after the low.
-24.8%03 Jan 2013 → 28 Aug 2013
Fell over 8 months, back to the old high on 28 Mar 2014 — 7 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.

Fund size over time

Quarterly average AUM · AMFI

₹8,827Cr

April - June 2026

since January - March 2026

+₹306.03Cr

est. net flow, last quarter

At 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.

Launched

29 Jun 1995

Total AUM

₹7,87,053Cr+4.7% QoQ

Avg AUM · July - September 2026

Website

mf.nipponindiaim.com

Fund Managers

DSDhrumil ShahManaging since 01 Jan 2023

Role

Fund Manager- Equity

Education

B.Com, C

Experience

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

Funds managed (2)

All schemes Dhrumil Shah runs →

MDMeenakshi DawarManaging since 01 May 2018

Role

Fund Manager

Education

B.Tech and MBA (IIM Ahmedabad)

Experience

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

Funds managed (1)

Nippon India Flexi Cap Fund

All schemes Meenakshi Dawar runs →

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

Fund managers

Dhrumil Shah Meenakshi Dawar

Top holdings

HDFC Bank Limited State Bank of India Axis Bank Limited ICICI Bank Limited NTPC Limited Kotak Mahindra Bank Limited IndusInd Bank Limited Reliance Industries Limited Bharti Airtel Limited Bharat Heavy Electricals Limited Piramal Finance Limited Bajaj Finance 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 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.

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 ₹232.14 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 -6.14% over 1 year, +12.39% per year over 3 years, +11.84% per year over 5 years and +14.84% 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 1.28% 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 -38.6%. 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 0.38 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Value Fund's 0.38 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.