EquitySectoral/ ThematicDirectGrowthVery High

Nippon India MNC Fund

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

As of 05 Oct 2026, the NAV of Nippon India MNC Fund is ₹10.15 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India MNC Fund delivered?

Nippon India MNC Fund has returned -3.62% over 1 year and +2.41% 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 MNC Fund?

Nippon India MNC Fund charges an expense ratio of 1.31% 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 MNC Fund?

Nippon India MNC Fund's largest holdings are Nestle India Limited (7.2%), Cummins India Limited (7.0%), Maruti Suzuki India Limited (6.8%), Britannia Industries Limited (6.6%) and Hyundai Motor India Ltd (5.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India MNC Fund?

Nippon India MNC Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.6% and its worst peak-to-trough fall in our sample was -13.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Nippon India MNC Fund?

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

Q: Who manages Nippon India MNC Fund?

Nippon India MNC Fund is managed by Dhrumil Shah at Nippon India.

Q: How is Nippon India MNC Fund taxed?

Nippon India MNC 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

₹10.15

-0.13% 1D

as of 05 Oct 2026

This is the Direct plan of Nippon India MNC 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

-4.00%absolute

52-week rangePrev NAV ₹10.16

Latest ₹10.15

Low ₹9.5334th percentile of its 52-week rangeHigh ₹11.35

Scorecard

★★☆☆☆2/5 vs 229 of 255 Sectoral/ Thematic peers1Y

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). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 229 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

RiskLow

Volatility 12.6% vs 15.7% category avg

CostAverage

1.3% expense vs 1.3% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its Sectoral/ Thematic peers (12.6% vs 15.7%)

Concerns

Trails the Sectoral/ Thematic average on 1M/3M/6M/1Y — 1Y by 7.04pp

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.31%

Category 1.27%▲0.04%

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

29.74

Category 28.66▲1.08

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

—

Category 0.45

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 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

₹500

Nifty MNC 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.

25 Jul 2025

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

Definitions

Absolute return over the last 1 month (not annualized)

-6.30%

Absolute return over the last 3 months (not annualized)

-6.83%

Absolute return over the last 6 months (not annualized)

+5.15%

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

-6.67%

Annualized returns (≥1Y — CAGR)

Definitions

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

-3.62%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+2.41%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.56%

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

—

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

—

Largest peak-to-trough decline over full history

-13.13%

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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	-6.30%	-4.47%	-1.83%
3M abs	-6.83%	-2.31%	-4.52%
6M abs	+5.15%	+12.09%	-6.94%
1Y CAGR	-3.62%	+3.42%	-7.04%
3Y CAGR	—	+13.80%	—
5Y CAGR	—	+12.04%	—

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

-3.62%

Beats 26.3% · rank #169

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.20L

Current value

₹1.15L

Absolute

-4.32%

XIRR

-9.23%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Nippon India MNC 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	-6.67%	-7.18%	+0.51%
2025part	+10.25%	—	—

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

292

Expense ratio

1.31%

AUM

₹419.06Cr

Portfolio turnover

27%

Exit load

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

P/E ratio

29.7

P/B ratio

6.5

Avg market cap

₹1,51,781Cr

P/E & P/B are portfolio-weighted harmonic means across 30 of 35 equity holdings (88% 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 MNC FundThis fund Nippon India · Direct · Growth	★★☆☆☆ 1Y	-3.62%	—	—	29.74	1.31%	₹419.06Cr
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 cap57.3%
Mid cap22.6%
Small cap20.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity95.94%
Cash & Equivalents4.06%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
HDFC MNC Fund HDFC · Sectoral/ Thematic	42.9%	★☆☆☆☆	1.87%	+6.80%
ICICI Prudential MNC Fund ICICI Prudential · Sectoral/ Thematic	40.4%	★★★★☆	1.21%	+9.17%
Aditya Birla Sun Life MNC Fund Aditya Birla Sun Life · Sectoral/ Thematic	37.4%	★☆☆☆☆	1.47%	+4.97%
UTI - MNC Fund UTI · Sectoral/ Thematic	35.0%	★★☆☆☆	1.52%	+7.75%
Kotak MNC Fund Kotak Mahindra · Sectoral/ Thematic	32.7%	★★★★★	0.91%	—
Edelweiss Nifty 100 Quality 30 Index Fund Edelweiss · Index Funds	30.4%	★★★☆☆	0.60%	+7.34%
HDFC Nifty100 Quality 30 Index Fund HDFC · Index Funds	30.3%	★★☆☆☆	0.42%	—
Tata Ethical Fund Tata · Sectoral/ Thematic	27.7%	★★☆☆☆	0.84%	+3.77%

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.

-13.1%06 Jan 2026 → 31 Mar 2026
Fell over 3 months, back to the old high on 29 Jul 2026 — 4 months under water after the low.
-10.5%10 Aug 2026 → 05 Oct 2026
Still below that high — 2 months down, and no recovery yet.

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

₹419.06Cr

April - June 2026

since January - March 2026

+₹2.70Cr

est. net flow, last quarter

At or near its largest, ₹420.75Cr 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 22 Jul 2025

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 →

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

Top holdings

Nestle India Limited Cummins India Limited Maruti Suzuki India Limited Britannia Industries Limited Hyundai Motor India Ltd Hindustan Unilever Limited Sai Life Sciences Limited Fortis Healthcare Limited Kansai Nerolac Paints Limited Infosys Limited Samvardhana Motherson International Limited LTM 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.

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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 MNC Fund?

As of 05 Oct 2026, the NAV of Nippon India MNC Fund is ₹10.15 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India MNC Fund delivered?

Nippon India MNC Fund has returned -3.62% over 1 year and +2.41% 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 MNC Fund?

Nippon India MNC Fund charges an expense ratio of 1.31% 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 MNC Fund?

Nippon India MNC Fund's largest holdings are Nestle India Limited (7.2%), Cummins India Limited (7.0%), Maruti Suzuki India Limited (6.8%), Britannia Industries Limited (6.6%) and Hyundai Motor India Ltd (5.1%). Holdings are disclosed monthly and change over time.

How risky is Nippon India MNC Fund?

Nippon India MNC Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.6% and its worst peak-to-trough fall in our sample was -13.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Nippon India MNC Fund?

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

Who manages Nippon India MNC Fund?

Nippon India MNC Fund is managed by Dhrumil Shah at Nippon India.

How is Nippon India MNC Fund taxed?

Nippon India MNC 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.