EquitySectoral/ ThematicRegularGrowthVery High

Nippon India Japan Equity Fund

Q: What is the NAV of Nippon India Japan Equity Fund?

As of 01 Oct 2026, the NAV of Nippon India Japan Equity Fund is ₹28.47 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India Japan Equity Fund delivered?

Nippon India Japan Equity Fund has returned +29.10% over 1 year, +21.80% per year over 3 years, +10.22% per year over 5 years and +9.10% 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 Japan Equity Fund?

Nippon India Japan Equity Fund charges an expense ratio of 2.50% 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 Japan Equity Fund?

Nippon India Japan Equity Fund's largest holdings are Recruit Holdings Co Ltd (5.0%), Nippon Yusen Kabushiki Kaisha (3.8%), Kao Corporation (3.5%), Bridgestone Corp (3.5%) and Nomura Holdings Inc (3.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India Japan Equity Fund?

Nippon India Japan Equity Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.1% and its worst peak-to-trough fall in our sample was -30.9%. 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 0.80 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Japan Equity Fund's 0.80 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Nippon India Japan Equity Fund?

Nippon India Japan Equity Fund is benchmarked against the Tier 1 Benchmark: S&P Japan 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Nippon India Japan Equity Fund?

Nippon India Japan Equity Fund is managed by Kinjal Desai at Nippon India.

Q: How is Nippon India Japan Equity Fund taxed?

Nippon India Japan Equity 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

₹28.47

-0.11% 1D

as of 01 Oct 2026

This is the Regular plan of Nippon India Japan Equity 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.

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NAV history

+27.90%CAGR

52-week rangePrev NAV ₹28.50

Latest ₹28.47

Low ₹21.5996th percentile of its 52-week rangeHigh ₹28.75

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 +21.80% · ranks 6 of 142 Sectoral/ Thematic funds

RiskHigh

Volatility 19.1% vs 15.6% category avg

CostAverage

2.5% expense vs 2.5% 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

Ahead of the Sectoral/ Thematic average on 1M/3M/6M/1Y — 1Y by 26.96pp
3-year return (+21.80%) beats the Sectoral/ Thematic average (+12.09%)
Ranks #3 of 229 on 1-year return in its Sectoral/ Thematic cohort
Stronger risk-adjusted returns — Sharpe 0.80 vs 0.34 Sectoral/ Thematic average
Consistent — positive in 98% of rolling 3-year windows

Concerns

5-year return (+10.22%) trails the Sectoral/ Thematic average (+11.04%)
More volatile than its Sectoral/ Thematic peers (19.1% vs 15.6%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.50%

Category 2.46%▲0.04%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings — still warming up, reload in a moment for full coverage

—

Category —

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

0.80

Category 0.34▲0.46

Scheme Info

Definitions

Plan

Regular · 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 year 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

Tier 1 Benchmark: S&P Japan 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.

27 Aug 2014

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

Definitions

Absolute return over the last 1 month (not annualized)

+1.45%

Absolute return over the last 3 months (not annualized)

+6.00%

Absolute return over the last 6 months (not annualized)

+14.29%

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

+26.40%

Annualized returns (≥1Y — CAGR)

Definitions

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

+29.10%

3-year annualized return (CAGR)

+21.80%

5-year annualized return (CAGR)

+10.22%

10-year annualized return (CAGR)

+10.45%

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.

+9.10%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

19.05%

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

0.80

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

1.17

Largest peak-to-trough decline over full history

-30.92%

Benchmark ratios

Not shown for Sectoral/ Thematic — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	+1.45%	-5.16%	+6.61%
3M abs	+6.00%	-2.38%	+8.38%
6M abs	+14.29%	+10.80%	+3.49%
1Y CAGR	+29.10%	+2.14%	+26.96%
3Y CAGR	+21.80%	+12.09%	+9.71%
5Y CAGR	+10.22%	+11.04%	-0.82%

Category average across peers in Sectoral/ Thematic (254 of 255 carry a figure for at least one period), 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

+29.10%

Beats 99.1% · rank #3

3Y return

+21.80%

Beats 96.5% · rank #6

5Y return

+10.22%

Beats 46.5% · rank #55

Sharpe

0.80

Beats 89.4% · rank #16

Sortino

1.17

Beats 89.4% · rank #16

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

₹9.49L

Absolute

+58.24%

XIRR

+18.99%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Nippon India Japan Equity 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
2026part	+26.40%
2025	+19.76%
2024	+9.31%
2023	+18.74%
2022	-15.33%
2021	+5.69%
2020	+13.19%
2019	+23.11%
2018	-3.75%
2017	+15.07%

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.

History points

2,815

Expense ratio

2.50%

AUM

₹330.20Cr

Portfolio turnover

54%

Exit load

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

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

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 Japan Equity FundThis fund Nippon India · Regular · Growth	★★★☆☆	+29.10%	+21.80%	+10.22%	—	2.50%	₹330.20Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+118.60%	+60.45%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+21.45%	+34.62%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+25.19%	+28.72%	—	—	2.11%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+32.21%	+22.88%	+8.49%	—	2.47%	₹720.84Cr
Aditya Birla Sun Life International Equity Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+17.38%	+21.97%	+12.58%	—	2.54%	₹320.62Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity91.22%
Cash & Equivalents8.78%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Aditya Birla Sun Life International Equity Fund Aditya Birla Sun Life · Sectoral/ Thematic	3.9%	★★★★☆	1.99%	+22.63%

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.

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.

-30.9%14 Sep 2021 → 21 Oct 2022
Fell over 13 months, back to the old high on 22 Mar 2024 — 17 months under water after the low.
-25.5%07 Jan 2020 → 19 Mar 2020
Fell over 2 months, back to the old high on 14 Sep 2020 — 6 months under water after the low.
-20.0%25 May 2015 → 12 Feb 2016
Fell over 9 months, back to the old high on 13 Oct 2017 — 1.7 years 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

₹330.20Cr

April - June 2026

+14%

since January - March 2026

+₹26.99Cr

est. net flow, last quarter

At or near its largest, ₹330.20Cr in April - June 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

KDKinjal DesaiManaging since 01 May 2018

Role

Fund Manager - Overseas Investment

Education

MSc (Economics)

Experience

12 years of experience From May 25, 2018 onwards Fund Manager - Overseas Investment, NAM India December 2012 to May 24, 2018 Associate Equity Investements at NAM India Assisting Lead Analyst in Equity Research, idea generation and sector Monitoring., assisting Fund Managers in stock selection and monitoring of overseas investments

Funds managed (36)

All schemes Kinjal Desai 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

Kinjal Desai

Top holdings

Recruit Holdings Co Ltd Nippon Yusen Kabushiki Kaisha Kao Corporation Bridgestone Corp Nomura Holdings Inc Hitachi Ltd Mitsubishi UFJ Financial Group Inc Terumo Corp Itochu Corporation Toyota Motor Corp Keyence Corp Mitsubishi Chemical

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 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.

Frequently asked questions

What is the NAV of Nippon India Japan Equity Fund?

As of 01 Oct 2026, the NAV of Nippon India Japan Equity Fund is ₹28.47 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India Japan Equity Fund delivered?

Nippon India Japan Equity Fund has returned +29.10% over 1 year, +21.80% per year over 3 years, +10.22% per year over 5 years and +9.10% 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 Japan Equity Fund?

Nippon India Japan Equity Fund charges an expense ratio of 2.50% 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 Japan Equity Fund?

Nippon India Japan Equity Fund's largest holdings are Recruit Holdings Co Ltd (5.0%), Nippon Yusen Kabushiki Kaisha (3.8%), Kao Corporation (3.5%), Bridgestone Corp (3.5%) and Nomura Holdings Inc (3.4%). Holdings are disclosed monthly and change over time.

How risky is Nippon India Japan Equity Fund?

Nippon India Japan Equity Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.1% and its worst peak-to-trough fall in our sample was -30.9%. 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 0.80 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Japan Equity Fund's 0.80 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Nippon India Japan Equity Fund?

Nippon India Japan Equity Fund is benchmarked against the Tier 1 Benchmark: S&P Japan 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages Nippon India Japan Equity Fund?

Nippon India Japan Equity Fund is managed by Kinjal Desai at Nippon India.

How is Nippon India Japan Equity Fund taxed?

Nippon India Japan Equity 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.