MonitorDirect · Growth
Nippon India Innovation Fund
Nippon India Mutual FundEquity Scheme - Sectoral/ Thematic3 years
The scheme seeks to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies seeking to benefit from innovation i.e companies that invest in l innovation, research and development, new product development or new platforms to enhance their business and gain share in their respective sectors.
- NAV
- 15.212
- 15 Sept 2026
- 1Y
- +0.2%
- Trailing CAGR
- Upside capture
- +113%
- Vs NIFTY 500 TRI
- Downside capture
- +97%
- Lower is better
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+0.2%
- 3Y+13.9%
- 5Yn/a
- 10Yn/a
- SI+14.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+7.6%
- 3Y+8.7%
- 5Yn/a
- 10Yn/a
- Since inception
- +14.5%
- Calendar-day CAGR
- Excess 1Y
- -3.0%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 63
- Vs comparable share classes
- Worst rolling 3Y
- +13.9%
- 10 daily-ending windows
- Median rolling 3Y
- +14.9%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
- SIP 3Y XIRR
- +8.7%
- Simulated monthly SIP
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 16 Sept 2026.
- 1Y excess
- +2.5%
- Fund minus TRI
- 3Y excess
- +4.5%
- Fund minus TRI
- Upside capture
- +113%
- Benchmark-up months
- Downside capture
- +97%
- Lower is better
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 16 days
- 42 recovered episodes
- Longest recovery
- 518 days
- Trough to prior peak
- Current spell
- 21 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
26 Sept 2024 – 3 Aug 2026
Trough 3 Mar 2025 · recovered in 518 days
-21.5%
25 Aug 2026 – open
Trough 15 Sept 2026 · not recovered
-4.7%
11 Sept 2023 – 15 Nov 2023
Trough 26 Oct 2023 · recovered in 20 days
-4.3%
1 Mar 2024 – 22 Mar 2024
Trough 13 Mar 2024 · recovered in 9 days
-4.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
63
Vs category
32
Consistency
82
Risk-adjusted
59
Drawdown
46
Mean
56
Portfolio
31 Aug 2026 · 61 holdings · top 10 are 33.6%.
- Top 5
- 19.6%
- Top 10
- 33.6%
- Largest holding
- 5.0%
- Effective holdings
- 44.5
Zomato Ltd
Technology
5.0%
Info Edge (India) Ltd
Technology
4.7%
Trent Ltd
Consumer Discretionary
3.7%
Samvardhana Motherson International Ltd
Consumer Discretionary
3.1%
3M India Ltd
Diversified
3.1%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
DECISION
Status moved from MONITOR to HEALTHY.
8 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
7 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 15 Sept 2026
Monitor
Engine status
Monitor
Recent evidence
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
Kotak Business Cycle Fund
Kotak Mahindra Mutual Fund
- 1Y
- +2.5%
- 3Y
- +14.5%
- Vol
- 12.6%
- Max DD
- -18.4%
- Sharpe
- 0.82
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Aditya Birla Sun Life Business Cycle Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +5.9%
- 3Y
- +11.6%
- Vol
- 13.8%
- Max DD
- -17.8%
- Sharpe
- 0.48
- 3Y win
- +7%
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns
Baroda BNP Paribas Energy Opportunities Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +0.7%
- 3Y
- n/a
- Vol
- 13.8%
- Max DD
- -9.7%
- Sharpe
- 0.33
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND
ICICI Prudential Mutual Fund
- 1Y
- -3.4%
- 3Y
- +9.8%
- Vol
- 12.6%
- Max DD
- -16.7%
- Sharpe
- 0.67
- 3Y win
- +71%
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns
Motilal Oswal Active Momentum Fund
Motilal Oswal Mutual Fund
- 1Y
- +25.5%
- 3Y
- n/a
- Vol
- 17.1%
- Max DD
- -16.6%
- Sharpe
- 1.25
- 3Y win
- n/a
- Shallower drawdown
- Higher trailing returns
Caveat: Higher volatility