EquitySectoral/ ThematicRegularIDCWVery High

Nippon India US Equity Opportunities Fund

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

As of 01 Oct 2026, the NAV of Nippon India US Equity Opportunities Fund is ₹42.39 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India US Equity Opportunities Fund delivered?

Nippon India US Equity Opportunities Fund has returned +14.67% over 1 year, +19.81% per year over 3 years, +11.12% per year over 5 years and +14.10% 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 US Equity Opportunities Fund?

Nippon India US Equity Opportunities Fund charges an expense ratio of 2.38% 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 US Equity Opportunities Fund?

Nippon India US Equity Opportunities Fund's largest holdings are Alphabet Inc A (7.1%), Taiwan Semiconductor Sp ADR (6.3%), Amazon Com Inc (6.3%), Iqvia Holdings (5.8%) and Microsoft Corp (5.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India US Equity Opportunities Fund?

Nippon India US Equity Opportunities Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.7% 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 0.85 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India US Equity Opportunities Fund's 0.85 means it has rewarded its volatility with excess return. Higher is better.

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

Nippon India US Equity Opportunities Fund is benchmarked against the S&P 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Nippon India US Equity Opportunities Fund?

Nippon India US Equity Opportunities Fund is managed by Kinjal Desai at Nippon India.

Q: How is Nippon India US Equity Opportunities Fund taxed?

Nippon India US Equity Opportunities 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

₹42.39

-0.14% 1D

as of 01 Oct 2026

This is the Regular plan of Nippon India US Equity Opportunities Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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Performance

+14.87%CAGR

52-week rangePrev NAV ₹42.45

Latest ₹42.39

Low ₹34.5490th percentile of its 52-week rangeHigh ₹43.24

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.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

Risk—

Volatility 15.7% (no category average yet)

Cost—

2.4% expense (no category average yet)

ConsistencyHigh

100% 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 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.38%

Category —

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%)

0.85

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

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

₹100

S&P 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.

28 Jul 2015

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.51%

Absolute return over the last 3 months (not annualized)

+4.25%

Absolute return over the last 6 months (not annualized)

+18.23%

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

+11.62%

Annualized returns (≥1Y — CAGR)

Definitions

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

+14.67%

3-year annualized return (CAGR)

+19.81%

5-year annualized return (CAGR)

+11.12%

10-year annualized return (CAGR)

+15.08%

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.

+14.10%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.69%

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

0.85

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

1.22

Largest peak-to-trough decline over full history

-30.89%

Benchmark ratios (vs S&P 500 (₹, price) · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs S&P 500 (₹, price)

-4.49%

Sensitivity to S&P 500 (₹, price) moves; 1 = moves with the index

0.92

How much of the fund's movement S&P 500 (₹, price) explains

80.4%

Excess return per unit of beta (market risk)

14.54

Active return over the benchmark per unit of tracking error

-1.19

Annualized std dev of fund-minus-benchmark returns

6.12%

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

85.8%

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

116.2%

Computed vs the S&P 500 (₹, price) 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	+0.51%	—	—
3M abs	+4.25%	—	—
6M abs	+18.23%	—	—
1Y CAGR	+14.67%	—	—
3Y CAGR	+19.81%	—	—
5Y CAGR	+11.12%	—	—

Category average across peers in Sectoral/ Thematic, 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.

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

₹8.88L

Absolute

+48.01%

XIRR

+16.18%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Nippon India US Equity Opportunities 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	S&P 500 (₹, price)	Diff
2026part	+11.62%	+21.02%	-9.40%
2025	+12.06%	+21.79%	-9.73%
2024	+21.25%	+28.53%	-7.28%
2023	+32.38%	+23.43%	+8.95%
2022	-19.01%	-10.35%	-8.66%
2021	+22.16%	+29.14%	-6.98%
2020	+22.40%	+19.23%	+3.17%
2019	+31.82%	+31.44%	+0.38%
2018	+7.68%	+2.34%	+5.34%
2017	+16.91%	+12.62%	+4.29%

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

2,667

Expense ratio

2.38%

AUM

₹741.03Cr

Portfolio turnover

Exit load

1% if redeemed or switched out on or before completion of 1 month 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 US Equity Opportunities FundThis fund Nippon India · Regular · IDCW	—	+14.67%	+19.81%	+11.12%	—	2.38%	₹741.03Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · IDCW	—	+118.60%	+60.45%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · IDCW	—	+21.45%	+34.62%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · IDCW	—	+25.19%	+28.72%	—	—	2.11%	₹2,282Cr
Nippon India Japan Equity Fund Nippon India · Regular · IDCW	—	+29.10%	+21.80%	+10.22%	—	2.50%	₹330.20Cr
HDFC Transportation and Logistics Fund HDFC · Regular · IDCW	—	+3.61%	+21.77%	—	—	2.15%	₹1,685Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity88.71%
Cash & Equivalents11.29%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential · Index Funds	21.2%	★★★★☆	0.63%	+33.72%
Motilal Oswal S&P 500 Index Fund Motilal Oswal · Index Funds	19.8%	★★★★☆	0.64%	+27.72%
ICICI Prudential US Bluechip Equity Fund ICICI Prudential · Sectoral/ Thematic	16.3%	★★★☆☆	1.19%	+16.39%
Aditya Birla Sun Life International Equity Fund Aditya Birla Sun Life · Sectoral/ Thematic	16.2%	★★★★☆	1.99%	+22.63%
Parag Parikh Flexi Cap Fund PPFAS · Flexi Cap Fund	13.1% of 84% equity	★★★★★	0.69%	+11.96%
SBI Technology Opportunities Fund SBI · Sectoral/ Thematic	8.0%	★★★☆☆	1.04%	+7.62%
SBI Children's Fund - Investment SBI · Children’s Fund	5.8%	★★★★★	1.08%	+20.69%
Franklin India Technology Fund Franklin Templeton · Sectoral/ Thematic	5.2%	★★☆☆☆	1.15%	+7.86%

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%19 Feb 2020 → 23 Mar 2020
Fell over 33 days, back to the old high on 02 Jun 2020 — 2 months under water after the low.
-25.5%16 Nov 2021 → 12 Oct 2022
Fell over 11 months, back to the old high on 22 Nov 2023 — 13 months under water after the low.
-18.8%06 Feb 2025 → 21 Apr 2025
Fell over 2 months, back to the old high on 18 Sep 2025 — 5 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

₹741.03Cr

April - June 2026

+4%

since January - March 2026

−₹41.12Cr

est. net flow, last quarter

At or near its largest, ₹741.03Cr 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 DesaiStart date not disclosed

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 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

Fund managers

Kinjal Desai

Top holdings

Alphabet Inc A Taiwan Semiconductor Sp ADR Amazon Com Inc Iqvia Holdings Microsoft Corp Meta Platforms Registered Shares A Charles Schwab Corp APPLIED MATLS INC COM Booking Holdings Inc Visa Inc Mastercard Incorporated Elevance Health Inc

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 US Equity Opportunities Fund?

As of 01 Oct 2026, the NAV of Nippon India US Equity Opportunities Fund is ₹42.39 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India US Equity Opportunities Fund delivered?

Nippon India US Equity Opportunities Fund has returned +14.67% over 1 year, +19.81% per year over 3 years, +11.12% per year over 5 years and +14.10% 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 US Equity Opportunities Fund?

Nippon India US Equity Opportunities Fund charges an expense ratio of 2.38% 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 US Equity Opportunities Fund?

Nippon India US Equity Opportunities Fund's largest holdings are Alphabet Inc A (7.1%), Taiwan Semiconductor Sp ADR (6.3%), Amazon Com Inc (6.3%), Iqvia Holdings (5.8%) and Microsoft Corp (5.6%). Holdings are disclosed monthly and change over time.

How risky is Nippon India US Equity Opportunities Fund?

Nippon India US Equity Opportunities Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.7% 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 0.85 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India US Equity Opportunities Fund's 0.85 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Nippon India US Equity Opportunities Fund?

Nippon India US Equity Opportunities Fund is benchmarked against the S&P 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages Nippon India US Equity Opportunities Fund?

Nippon India US Equity Opportunities Fund is managed by Kinjal Desai at Nippon India.

How is Nippon India US Equity Opportunities Fund taxed?

Nippon India US Equity Opportunities 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.