Nippon India Innovation Fund
The fund remains heavily tilted toward India's consumption story, with retail dominance reflecting conviction in discretionary spending and e-commerce adoption among affluent consumers. The manager has recently diversified into pharmaceuticals and specialized healthcare while trimming large-cap exposure to Reliance, signaling a shift toward quality mid-caps with structural growth tailwinds. Concentrated bets on 56 holdings leave limited room for diversification, amplifying execution risk despite the thematic clarity.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹14.1184 | — | — | — | — |
| Regular Growth | ₹13.6224 | -0.51% | +0.44% | — | — |
| Direct IDCW | ₹14.1184 | — | — | — | — |
| Regular IDCW | ₹13.6224 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Sun Pharmaceutical Industries Limited | 2.12% |
| Divi's Laboratories Limited | 0.73% |
| Rainbow Childrens Medicare Limited | 0.60% |
| Craftsman Automation Limited | 0.42% |
| Urban Company Ltd. | 0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Eternal Limited INE758T01015 | 4.24% |
| 2 | Varun Beverages Limited INE200M01039 | 4.16% |
| 3 | Samvardhana Motherson International Limited INE775A01035 | 4.13% |
| 4 | Trent Limited INE849A01020 | 3.92% |
| 5 | Info Edge (India) Limited INE663F01032 | 3.90% |
| 6 | ZF Commercial Vehicle Control Systems India Limited INE342J01019 | 3.73% |
| 7 | Avenue Supermarts Limited INE192R01011 | 3.66% |
| 8 | 3M India Limited INE470A01017 | 3.44% |
| 9 | FSN E-Commerce Ventures Limited INE388Y01029 | 3.02% |
| 10 | Siemens Energy India Limited INE1NPP01017 | 2.93% |
| 11 | Swiggy Limited INE00H001014 | 2.87% |
| 12 | Axis Bank Limited INE238A01034 | 2.74% |
| 13 | Bajaj Finserv Limited INE918I01026 | 2.70% |
| 14 | ICICI Bank Limited INE090A01021 | 2.61% |
| 15 | ABB India Limited INE117A01022 | 2.21% |
| 16 | Syngene International Limited INE398R01022 | 2.21% |
| 17 | Sun Pharmaceutical Industries Limited INE044A01036 | 2.12% |
| 18 | Kirloskar Oil Engines Limited INE146L01010 | 2.09% |
| 19 | Delhivery Limited INE148O01028 | 2.05% |
| 20 | LG Electronics India Ltd INE324D01010 | 1.98% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Nippon India Innovation Fund hold?
Nippon India Innovation Fund holds 54 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.35% of NAV.
What is the largest holding in Nippon India Innovation Fund?
The largest position in Nippon India Innovation Fund is Eternal Limited, accounting for 4.24% of NAV in the Retailing sector.
Is Nippon India Innovation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.344, Nippon India Innovation Fund is well-diversified. The HHI concentration index is 24,707 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.35% of the portfolio.
What is the market cap allocation of Nippon India Innovation Fund?
Based on SEBI's AMFI classification, Nippon India Innovation Fund's equity portfolio is split as: Large Cap: 48.12%, Mid Cap: 25.75%, Small Cap: 24.50%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Nippon India Innovation Fund invest in most?
Nippon India Innovation Fund has the highest allocation to Retailing (21.64%), Auto Components (10.25%), Electrical Equipment (7.56%). The fund is invested across 23 sectors in total.
How actively managed is Nippon India Innovation Fund compared to other Sectoral / Thematic funds?
Nippon India Innovation Fund has an Active Share of 79.13%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Nippon India Innovation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Nippon India Innovation Fund added 5 new stocks (including Sun Pharmaceutical Industries Limited) and exited 1 stock (including Cash Margin - CCIL). Total holding count increased from 52 to 56 stocks.