ReviewDirect · GrowthPrefer peers first
Nippon India Taiwan Equity Fund
Nippon India Mutual FundEquity Schemes - Thematic Fund4.9 years
- NAV
- 31.856
- 30 Oct 2026
- 1Y
- +75.8%
- Trailing CAGR
- AUM
- ₹1,147.02 Cr
- 30 Sept 2026
- Volatility
- High
- 34.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer HDFC Defence Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
4.9 years - usable, still building a track record.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.11% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -44.8%. Ask whether you can hold through a similar fall.
Vs category
Pass
72% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 54.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 45%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
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+75.8%
- 3Y+54.8%
- 5Yn/a
- 10Yn/a
- SI+27.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+39.4%
- 3Y+60.6%
- 5Yn/a
- 10Yn/a
- Since inception
- +27.5%
- Calendar-day CAGR
- Excess 1Y
- +80.2%
- Category median, same plan and option
- 3Y win rate
- +72%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +60.6%
- Simulated monthly SIP
- Worst rolling 3Y
- -3.0%
- 436 daily-ending windows
- Median rolling 3Y
- +38.9%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -44.8%
- Worst peak-to-trough
- Current
- -21.7%
- Below last peak
- Current spell
- 149 days
- Days below latest peak
- Time below peak
- +90%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 19 days
- 45 recovered episodes
- Longest recovery
- 455 days
- Trough to prior peak
4 Jan 2022 – 23 Jan 2024
Trough 25 Oct 2022 · recovered in 455 days
-44.8%
7 Jan 2025 – 11 Jun 2025
Trough 9 Apr 2025 · recovered in 63 days
-37.6%
3 Jun 2026 – open
Trough 30 Jul 2026 · not recovered
-29.6%
11 Jul 2024 – 21 Oct 2024
Trough 5 Aug 2024 · recovered in 77 days
-22.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
100
Consistency
67
Risk-adjusted
63
Drawdown
0
Mean
66
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 72% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 33 holdings · top 10 are 54.0%.
- Top 5
- 35.5%
- Top 10
- 54.0%
- Largest holding
- 9.5%
- Effective holdings
- 22.4
Repo
Unspecified
9.5%
MediaTek (Taiwan) Forgn. Eq
Industrials
8.5%
Mpi Corporation
Technology
5.9%
Chroma ATE Inc.
Industrials
5.9%
Nanya Technology Corporation
Technology
5.6%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HDFC Defence Fund
HDFC Mutual Fund
- 1Y
- +13.8%
- 3Y
- +34.8%
- Vol
- 24.9%
- Max DD
- -34.5%
- Sharpe
- 1.16
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
HSBC Financial Services fund
HSBC Mutual Fund
- 1Y
- -1.9%
- 3Y
- n/a
- Vol
- 17.0%
- Max DD
- -14.8%
- Sharpe
- 0.32
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Invesco India Business Cycle Fund
Invesco Mutual Fund
- 1Y
- +8.0%
- 3Y
- n/a
- Vol
- 17.5%
- Max DD
- -16.0%
- Sharpe
- 1.08
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Mahindra Manulife Business Cycle Fund
Mahindra Manulife Mutual Fund
- 1Y
- -4.5%
- 3Y
- +15.7%
- Vol
- 15.7%
- Max DD
- -21.4%
- Sharpe
- 0.55
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
360 ONE QUANT FUND
360 ONE Mutual Fund
- 1Y
- -8.8%
- 3Y
- +13.2%
- Vol
- 16.6%
- Max DD
- -22.4%
- Sharpe
- 0.55
- 3Y win
- +91%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Lower trailing returns