Nippon India Taiwan Equity Fund
Nippon India Mutual Fund · Best Sectoral & Thematic Mutual Funds
This is the Direct plan of Nippon India Taiwan Equity 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.
NAV history
Scorecard
★★★★☆4/5 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.
3Y CAGR +62.66% · ranks 1 of 142 Sectoral/ Thematic funds
Volatility 35.9% vs 15.6% category avg
1.1% expense vs 1.3% category avg
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
- Ahead of the Sectoral/ Thematic average on 1M/6M/1Y — 1Y by 118.56pp
- 3-year return (+62.66%) beats the Sectoral/ Thematic average (+13.10%)
- Ranks #1 of 229 on 1-year return in its Sectoral/ Thematic cohort
- Stronger risk-adjusted returns — Sharpe 1.56 vs 0.42 Sectoral/ Thematic average
- Low expense ratio (1.06%) vs the Sectoral/ Thematic average of 1.27%
Concerns
- More volatile than its Sectoral/ Thematic peers (35.9% vs 15.6%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Sectoral/ Thematic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.01% | -5.06% | +5.07% |
| 3M abs | -1.73% | -2.06% | +0.33% |
| 6M abs | +40.03% | +11.36% | +28.67% |
| 1Y CAGR | +121.55% | +2.99% | +118.56% |
| 3Y CAGR | +62.66% | +13.10% | +49.56% |
| 5Y CAGR | — | +12.26% | — |
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
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into Nippon India Taiwan 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 | +99.96% | |
| 2025 | +52.84% | |
| 2024 | +25.96% | |
| 2023 | +46.55% | |
| 2022 | -33.29% | |
| 2021part | +4.03% |
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.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Expense ratio down: 1.12% → 1.06%09 Sep 2026
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity90.62%
- Cash & Equivalents9.38%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹1,110Cr 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.
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.
Fund Managers
KDKinjal DesaiStart date not disclosed
Fund Manager - Overseas Investment
MSc (Economics)
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
- Nippon India Active Momentum Fund
- Nippon India Arbitrage Fund
- Nippon India Balanced Advantage Fund
- Nippon India Banking & Financial Services Fund
- Nippon India Banking & PSU Debt Fund
- Nippon India Consumption Fund
- Nippon India Corporate Bond Fund
- Nippon India Dynamic Term Fund
- Nippon India ELSS Tax Saver Fund
- Nippon India ETF Hang Seng BeES
- Nippon India Flexi Cap Fund
- Nippon India Floating Interest Rates Fund
- Nippon India Focused Fund
- Nippon India Gilt Fund
- Nippon India Gilt Fund
- Nippon India Gilt Fund
- Nippon India Gilt Fund
- Nippon India Growth Mid Cap Fund
- Nippon India Innovation Fund
- Nippon India Japan Equity Fund
- Nippon India Large Cap Fund
- Nippon India Liquid Fund
- Nippon India Low Duration Fund
- Nippon India Medium to Long Term Fund
- Nippon India MNC Fund
- Nippon India Money Market Fund
- Nippon India Multi Asset Allocation Fund
- Nippon India Multi Cap Fund
- Nippon India Nivesh Lakshya Long Term Fund
- Nippon India Pharma Fund
- Nippon India Quant Fund
- Nippon India Short Term Fund
- Nippon India Small Cap Fund
- Nippon India US Equity Opportunities Fund
- Nippon India Value Fund
- Nippon India Vision Large & Mid Cap Fund
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
Nippon India in the news
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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.
From the blog
196 of 529 equity funds are down over the past year
01 Oct 2026
37% of equity funds lost money in the year to 30 September 2026: 29 of 33 large caps, but 1 of 62 mid and small caps. Which categories and themes fell.
Equity fund scorecard, August 2026: small caps lead again
04 Sep 2026
The median small-cap fund gained 4.40% in August 2026 and is up 17.82% for the year; large caps were flat at −0.03%. Medians by category, NAVs to 31 August.
Equity fund scorecard, July 2026: large caps on top
05 Aug 2026
Large-cap funds led July 2026 with a median gain of 2.70%; small caps trailed at 1.29%. The median equity fund is now up 2.20% for 2026. NAVs to 31 July.
Frequently asked questions
What is the NAV of Nippon India Taiwan Equity Fund?
As of 01 Oct 2026, the NAV of Nippon India Taiwan Equity Fund is ₹38.21 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Nippon India Taiwan Equity Fund delivered?
Nippon India Taiwan Equity Fund has returned +121.55% over 1 year, +62.66% per year over 3 years and +32.92% 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 Taiwan Equity Fund?
Nippon India Taiwan Equity Fund charges an expense ratio of 1.06% 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 Taiwan Equity Fund?
Nippon India Taiwan Equity Fund's largest holdings are MediaTek Incorporation (6.9%), Mpi Corporation (6.0%), Nanya Technology Corporation (6.0%), Chroma Ate (5.5%) and Elite Material Co Ltd (3.9%). Holdings are disclosed monthly and change over time.
How risky is Nippon India Taiwan Equity Fund?
Nippon India Taiwan Equity Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 35.9% and its worst peak-to-trough fall in our sample was -44.8%. 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 1.56 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Taiwan Equity Fund's 1.56 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Nippon India Taiwan Equity Fund?
Nippon India Taiwan Equity Fund is benchmarked against the Taiwan Capitalization Weighted Stock Index (TAIEX). Its alpha and beta on this page are measured against that index.
Who manages Nippon India Taiwan Equity Fund?
Nippon India Taiwan Equity Fund is managed by Kinjal Desai at Nippon India.
How is Nippon India Taiwan Equity Fund taxed?
Nippon India Taiwan 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.