Nippon India Equity Savings Fund Direct Growth NAV today
AMFI: 134594ISIN: INF204KA1W77MUTF_IN: NIPP_INDI_EQUI_4LKOYQNippon India Mutual FundEquity Savings funds
Formerly 1, Reliance Equity Savings Fund
NAV ₹17.8983down ₹0.01 (0.04%)
NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.
Other plans: Regular Growth ₹16.0290, −0.04% · Regular IDCW ₹13.7314 · Direct IDCW ₹15.4285
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹744 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 0.99%26 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 18.630 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- ModerateAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 6630 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 30 May 2015
Nippon India Equity Savings Fund returns
Direct Growth plan
Over each window to 27 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|---|
| 1 week | −0.61% | −0.63% | – | – | – | – |
| 1 month | −1.45% | −1.54% | – | 20 of 24 | −0.97% | −1.3% to −0.7% |
| 3 months | −2.16% | −2.41% | – | 24 of 24 | −0.71% | −1.2% to −0.4% |
| 6 months | −1.07% | −1.59% | – | 24 of 24 | +0.95% | +0.3% to +1.7% |
| 1 year | −0.25% | −1.30% | +1.54%to 30 Sep 2026 | 22 of 24 | +1.40% | 0.0% to +2.7% |
| 3 years | +6.32% | +5.26% | +7.06%to 30 Sep 2026 | 20 of 21 | +8.13% | +7.2% to +9.2% |
| 5 years | +6.03% | +5.04% | +6.62%to 30 Sep 2026 | 19 of 21 | +7.21% | +6.5% to +7.9% |
| 10 years | +4.92% | +3.93% | +8.43%to 30 Sep 2026 | 14 of 14 | +8.62% | +7.6% to +9.5% |
₹10,000 put in on 4 Jun 2015 is ₹17,875 at the NAV of 27 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Benchmark: Nifty Equity Savings Index, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Equity Savings funds, each fund's return to its latest NAV on or before 28 Oct 2026.
At the month end, 30 Sep 2026
| Over | Fund | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | +1.97% | +1.54% |
| 3 years | +6.42% | +7.06% |
| 5 years | +6.49% | +6.62% |
| 10 years | +5.06% | +8.43% |
| Since launch | +5.33% | +8.17% |
Benchmark: Nifty Equity Savings Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Loss
Highest year to Dec 2017, +19.1%; lowest year to Dec 2019, −5.6%
Nippon India Equity Savings Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 27 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,18,600₹1,18,594 after stamp duty | −2.20% | −2.21% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,77,226₹3,77,207 after stamp duty | +3.08% | +3.08% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹6,91,850₹6,91,815 after stamp duty | +5.66% | +5.66% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹15,78,906₹15,78,859 after stamp duty | +5.37% | +5.37% | ₹38 | |
| Since Jun 2015136 instalments | ₹13,60,000 | ₹18,54,739₹18,54,692 after stamp duty | +5.33% | +5.33% | ₹38 |
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 4 Jun 2015 to 27 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The lowest yearly return of any window of this length in the fund's history, one window starting on each day it priced. Lowest rolling return in the glossaryAverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history. Average rolling return in the glossaryHighestHighest rolling return. The highest yearly return of any window of this length in the fund's history. Highest rolling return in the glossaryEnded higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started. Windows that ended higher in the glossary
1 year2,562 windows−30.7%+6.2%+32.8%81.9%
3 years2,069 windows−7.5%+5.2%+14.5%77.1%
5 years1,581 windows+0.3%+4.6%+13.1%100.0%
10 years346 windows+4.8%+5.7%+6.6%100.0%
Every 5 and 10-year window ended higher than it started.
Nippon India Equity Savings Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 1.05 ptsA year, on 26 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 0.98%Over the last 30 days filed
- Regular, 30-day average
- 2.03%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.77%, Jun 2020.Direct plan lowest 0.49%, May 2026.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.43% | 1.32% |
| Brokerage | 0.08% | 0.08% |
| Transaction costs | 0.02% | 0.02% |
| Statutory levies | 0.46% | 0.62% |
Per cent of assets a year, filed for 26 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
10% of the units allotted shall be redeemed without any exit load, on or before completion of 15 days from the date of allotment of units. Any redemption in excess of such limit within 15 days from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 15 days from the date of allotment of units. • Nil, thereafter. Not applicable for Segregated PortfolioMoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹100
- SIP
- Accepted
- SIP dates
- 1st to 31st of a month
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
- SIP minimum
- Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years)
- SIP instalments, at least
- 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year
As listed for this plan on 29 Oct 2026.
How Nippon India Equity Savings Fund is taxed
Tax depends on the fund's own mix. With 65% or more in shares of listed Indian companies, gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year, and gains on units held 12 months or less at 20%; with more than 65% in debt and money market instruments, gains on units bought on or after 1 Apr 2023 are taxed at the income tax slab rate however long they are held, and on units bought earlier at 12.5% after 24 months; otherwise, gains on units held over 24 months are taxed at 12.5%, and gains on units held 24 months or less at the income tax slab rate.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 1 Apr 2025, checked 27 Oct 2026. Surcharge and cess are not included.
Nippon India Equity Savings Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹789 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 35.4%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹2,649 Cr, quarter to Jun 2018.
Assets at each month end
Highest ₹2,043 Cr, Jan 2019.Lowest ₹179 Cr, Feb 2023.
Nippon India Equity Savings Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. Yield to maturity in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | ||||
|---|---|---|---|---|---|---|---|
| ICICI BankBanks | Shares | Large cap5th | 8.29% | 61.70 | 4,66,800 | – | Jun 2015 |
| HDFC BankBanks | Shares | Large cap2nd | 7.32% | 54.48 | 7,68,800 | – | Sep 2019 |
| Mahindra & MahindraAutomobiles | Shares | Large cap14th | 5.99% | 44.60 | 1,51,200 | – | Apr 2022 |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 5.25% | 39.11 | 3,29,500 | – | Jun 2015 |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 5.14% | 38.28 | 9,18,000 | – | Oct 2024 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 4.77% | 35.49 | 2,02,000 | – | Mar 2020 |
| 7.32% Government of IndiaSOVEREIGN, 7.32% coupon, repaid 13 Nov 2030 | Bonds and bills | 3.41% | 25.39 | 25,00,000 | 6.99% | Sep 2024 | |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | Shares | Mid cap107th | 3.37% | 25.06 | 16,25,000 | – | Aug 2026 |
| Brookfield India Real Estate TrustRealty | REIT or InvIT units | 3.28% | 24.42 | 7,26,744 | – | Sep 2026 | |
| Axis BankBanks | Shares | Large cap15th | 3.16% | 23.52 | 1,91,875 | – | Sep 2018 |
| Mindspace Business Parks REITRealty | REIT or InvIT units | 3.14% | 23.39 | 4,67,152 | – | Sep 2026 | |
| 7.26% Government of IndiaSOVEREIGN, 7.26% coupon, repaid 6 Feb 2033 | Bonds and bills | 2.71% | 20.15 | 20,00,000 | 7.24% | Aug 2023 | |
| Nexus Select Trust - REITRealty | REIT or InvIT units | 2.70% | 20.08 | 12,00,000 | – | Sep 2026 | |
| Knowledge Realty TrustRealty | REIT or InvIT units | 2.10% | 15.61 | 13,76,147 | – | Aug 2026 | |
| 7.1% Government of IndiaSOVEREIGN, 7.10% coupon, repaid 18 Apr 2029 | Bonds and bills | 2.04% | 15.16 | 15,00,000 | 6.76% | Mar 2024 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| ICICI Bank Limited_27/10/2026 | −5.92% | −44.10 | −3,31,800 |
| Mahindra & Mahindra Limited_27/10/2026 | −5.48% | −40.79 | −1,38,200 |
| Kotak Mahindra Bank Limited_27/10/2026 | −5.14% | −38.27 | −9,18,000 |
| HDFC Bank Limited_27/10/2026 | −4.82% | −35.91 | −5,01,800 |
| Bharti Airtel Limited_27/10/2026 | −3.61% | −26.85 | −1,52,000 |
| Reliance Industries Limited_27/10/2026 | −3.55% | −26.40 | −2,21,500 |
| Ashok Leyland Limited_27/10/2026 | −3.39% | −25.26 | −16,25,000 |
| Axis Bank Limited_27/10/2026 | −2.18% | −16.19 | −1,31,875 |
| Tata Steel Limited_27/10/2026 | −1.51% | −11.26 | −6,05,000 |
| ITC Limited_27/10/2026 | −0.74% | −5.50 | −2,08,725 |
| Pidilite Industries Limited_27/10/2026 | −0.65% | −4.81 | −32,500 |
| AU Small Finance Bank Limited_27/10/2026 | −0.54% | −4.05 | −40,000 |
| Sun Pharmaceutical Industries Limited_27/10/2026 | −0.54% | −4.04 | −22,050 |
| Coal India Limited_27/10/2026 | −0.26% | −1.90 | −44,550 |
| JSW Steel Limited_27/10/2026 | −0.23% | −1.71 | −13,500 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Triparty Repo | 1.43% | 10.63 |
| Net Current Assets | 0.38% | 3.07 |
| Cash Margin - Derivatives | 0.24% | 1.80 |
| Cash Margin - CCIL | 0.01% | 0.07 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 8.29%ICICI Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 31.99%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 49.98%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out. Top 10 shares in the glossary
- 46.72%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 27.7Taken over 97.94% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares67.19%
- Bonds and bills18.22%
- REIT and InvIT units12.53%
- Cash and receivables2.06%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds. Futures and options, net in the glossary−38.96%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces. Futures and options, gross in the glossary38.96%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap91.19%Category 78.12%
- Mid cap8.81%Category 13.78%
- Small capNoneCategory 7.50%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 24 Equity Savings funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary14sectors
- Financial Services10.15%Category 10.24%
- Information Technology2.47%Category 1.75%
- Oil Gas & Consumable Fuels2.40%Category 1.94%
- Power1.94%Category 1.16%
- Metals & Mining1.63%Category 0.73%
- Fast Moving Consumer Goods1.46%Category 1.84%
- Consumer Services1.34%Category 1.34%
- Automobile And Auto Components1.24%Category 2.63%
- Capital Goods1.19%Category 1.90%
- Telecommunication1.16%Category 1.27%
- Construction1.16%Category 0.82%
- Healthcare0.90%Category 3.27%
- Consumer Durables0.63%Category 0.98%
- Construction Materials0.57%Category 0.57%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 24 Equity Savings funds. Category average. The sector's weight, less the futures sold on it, averaged over the 24 Equity Savings funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services13 companies | 10.15% | 9.52% | 9.72% | 8.82% | 8.05% | 8.18% | 7.69% | 8.72% | 8.55% | 8.35% | 8.40% | 9.12% | |
| Information Technology5 companies | 2.47% | 2.67% | 2.45% | 2.04% | 2.27% | 2.30% | 2.12% | 2.01% | 2.49% | 2.26% | 2.13% | 2.03% | |
| Oil Gas & Consumable Fuels3 companies | 2.40% | 2.14% | 2.50% | 2.21% | 2.27% | 2.44% | 2.25% | 2.11% | 2.12% | 2.37% | 1.95% | 1.95% | |
| Power2 companies | 1.94% | 1.91% | 1.97% | 1.94% | 1.61% | 1.64% | 1.48% | 1.39% | 1.30% | 0.99% | 0.97% | 1.08% | |
| Metals & Mining5 companies | 1.63% | 1.68% | 1.56% | 1.50% | 1.60% | 1.49% | 1.41% | 1.41% | 1.30% | 1.19% | 1.05% | 1.01% | |
| Fast Moving Consumer Goods3 companies | 1.46% | 1.36% | 1.26% | 1.22% | 1.20% | 1.30% | 0.98% | 1.00% | 1.03% | 1.20% | 1.18% | 1.37% | |
| Consumer Services3 companies | 1.34% | 1.60% | 1.47% | 1.41% | 1.24% | 1.23% | 0.81% | 0.86% | 0.94% | 0.99% | 1.03% | 1.08% | |
| Automobile And Auto Components2 companies | 1.24% | 1.95% | 2.75% | 2.68% | 3.05% | 3.03% | 3.15% | 3.38% | 3.27% | 3.36% | 2.92% | 3.20% | |
| Capital Goods3 companies | 1.19% | 1.66% | 1.65% | 1.78% | 2.28% | 2.22% | 2.04% | 2.17% | 1.98% | 1.92% | 1.61% | 1.38% | |
| Telecommunication1 company | 1.16% | 1.05% | 1.23% | 1.10% | 1.05% | 1.08% | 1.03% | 1.00% | 1.05% | 1.13% | 1.10% | 1.19% | |
| Construction1 company | 1.16% | 1.21% | 1.13% | 1.14% | 1.11% | 1.08% | 0.94% | 1.04% | 0.96% | 1.00% | 0.96% | 1.07% | |
| Healthcare1 company | 0.90% | 0.97% | 0.92% | 0.83% | 0.79% | 0.79% | 0.56% | 0.19% | 0.17% | 0.19% | 0.19% | 0.19% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
- Yield to maturity
- 7.49%Lines stating a yield: 92.68% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio. Yield after expenses in the glossary
- 6.54%Direct plan
- Macaulay durationMacaulay duration. The weighted average time, in years, until the fund's bonds pay back their interest and principal. Macaulay duration in the glossary
- 208days
- Modified durationModified duration. Roughly how much the bonds' value changes, in per cent, for each one point change in interest rates. Modified duration in the glossary
- 199days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid. Average maturity in the glossary
- 242days
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over. Maturity date known in the glossary
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window. Perpetual bonds in the glossary
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared. Credit rating in the glossaryLoans of over a year
- Sovereign11.54%
- AAA3.32%
- AA3.36%
Other
- Overnight lending1.44%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off. Maturity profile in the glossary- Up to 1 month1.44%
- 1 to 3 monthsNone
- 3 to 6 monthsNone
- 6 to 12 monthsNone
- 1 to 3 years7.42%
- 3 to 5 years6.73%
- 5 to 10 years4.07%
- Over 10 yearsNone
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out. Lending to one borrower in the glossary
- 1.97%REC Limited
- Top 5 borrowers
- 5.35%
- Top 10 borrowers
- 6.68%
Per cent of the fund's net assets. Lent outside the government: 6.68% of the fund, to 7 borrowers; the borrower is named for 100.00% of it, its group for 20.21%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 2650.60% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 2849.64% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 4
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 6
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 50
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 49.64%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 56.21%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| Brookfield India Real Estate Trust | New | 3.28% | 0.00% | +3.28 pts | +7,26,744 |
| Mindspace Business Parks REIT | New | 3.14% | 0.00% | +3.14 pts | +4,67,152 |
| Grasim Industries | Trimmed | 0.57% | 3.49% | −2.92 pts | −66,000 |
| Nexus Select Trust - REIT | New | 2.70% | 0.00% | +2.70 pts | +12,00,000 |
| Mahindra & Mahindra | Trimmed | 5.99% | 8.59% | −2.60 pts | −50,600 |
| ICICI Life Insurance | Sold out | – | 1.35% | −1.35 pts | −2,01,650 |
| IndiGrid Infrastructure Trust | New | 1.31% | 0.00% | +1.31 pts | +5,68,182 |
| 7.48% National Bank For Agriculture and Rural Development | Sold out | – | 1.29% | −1.29 pts | −1,000 |
| 7.32% Government of India | Trimmed | 3.41% | 4.67% | −1.26 pts | −10,00,000 |
| ICICI Bank | Trimmed | 8.29% | 9.09% | −0.80 pts | −15,000 |
| Bajaj Finance7.82% Bajaj Finance Limited | Sold out | – | 0.65% | −0.65 pts | −500 |
| 9.25% Truhome Finance Limited | Sold out | – | 0.65% | −0.65 pts | −500 |
| Adani Power8.2% Adani Power Limited | Sold out | – | 0.64% | −0.64 pts | −500 |
| Pidilite Industries | New | 0.64% | 0.00% | +0.64 pts | +32,500 |
| SBI Life Insurance Company | New | 0.57% | 0.00% | +0.57 pts | +25,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 40 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 ICICI Bank | 5.63% | 7.30%Added | 8.33%Added | 8.28% | 8.46% | 8.09% | 8.45% | 8.51% | 9.40% | 9.00%Cut | 9.09%Cut | 8.29%Cut |
 HDFC Bank | 7.05%Added | 6.46% | 6.53% | 6.04% | 5.79% | 6.39%Added | 6.72% | 6.57% | 7.11%Added | 7.19%Added | 7.07% | 7.32% |
 Mahindra & Mahindra | 5.32% | 5.14% | 5.22% | 5.31%Added | 5.28% | 5.02% | 5.24% | 7.59%Added | 7.46%Cut | 8.61% | 8.59%Cut | 5.99%Cut |
 Reliance Industries | 4.89% | 4.76%Added | 5.24%Added | 4.59% | 4.61% | 4.85% | 5.15% | 4.82% | 4.76% | 5.02% | 4.75%Cut | 5.25%Added |
 Kotak Mahindra Bank | 4.55% | 4.13% | 4.39% | 4.01% | 4.10% | 3.82% | 4.12% | 4.19% | 4.31% | 4.48% | 4.99% | 5.14% |
 Bharti Airtel | 5.63% | 3.18%Cut | 3.33%Added | 3.07% | 2.94% | 5.27%Added | 5.56% | 5.46% | 4.48%Cut | 4.98% | 4.75% | 4.77% |
| 7.32% Government of India | 4.32% | 3.87% | 3.95% | 3.89% | 3.92% | 4.18% | 4.20% | 4.26% | 4.34% | 4.52% | 4.67% | 3.41%Cut |
 Ashok Leyland | – | – | – | – | – | – | – | – | – | – | 3.70%Bought again | 3.37% |
| Brookfield India Real Estate Trust | – | – | – | – | – | – | – | – | – | – | – | 3.28%Bought |
 Axis Bank | 3.33%Added | 3.11% | 3.17% | 2.82%Cut | 2.86% | 2.62% | 2.85% | 2.93% | 3.09% | 2.95% | 3.23% | 3.16% |
| Mindspace Business Parks REIT | – | – | – | – | – | – | – | – | – | – | – | 3.14%Bought |
| 7.26% Government of India | 3.06% | 2.76% | 2.81% | 2.76% | 2.79% | 2.39%Cut | 2.38% | 2.41% | 2.47% | 2.58% | 2.67% | 2.71% |
| Nexus Select Trust - REIT | – | – | – | – | – | – | – | – | – | – | – | 2.70%Bought |
| Knowledge Realty Trust | – | – | – | – | – | – | – | – | – | – | 1.97%Bought | 2.10% |
| 7.1% Government of India | 1.83% | 1.64% | 1.68% | 1.66% | 1.67% | 1.79% | 1.79% | 1.81% | 1.84% | 1.91% | 1.98% | 2.04% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
Highest 575.0% in Sep 2026
Risk ratios
NAV to 27 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Equity Savings funds (21 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary3.99%
2.70%Lowest5.09%Average8.26%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary2.29%
1.26%Lowest2.84%Average5.26%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary0.10
0.07Lowest0.41Average1.11Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary0.14
0.10Lowest0.60Average1.77Highest
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 and 3 years | −3.55% | 3 Aug 2026 | 8 Oct 2026 | Not yet |
| 5 years | −5.62% | 17 Jan 2022 | 7 Mar 2022 | 13 Sep 2022 |
| 10 years and since Jun 2015 | −31.72% | 29 Aug 2018 | 23 Mar 2020 | 13 Sep 2022 |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Apr 2022 to Aug 202653 months | Moderate | ModerateNifty Equity Savings Index |
| Oct 2021 to Mar 20226 months | Moderately High | ModerateNifty Equity Savings TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Nippon India Equity Savings Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Sushil BudhiaPrimary | Feb 2020 | +6.00%a year | – | – | 32.1% | 23.8% | 11 | ₹45,641 Cr₹1,854 Cr alone |
| Dhrumil ShahPrimary | Feb 2026 | −0.98%over 266 days | – | – | 15.6% | 11.6% | 5 | ₹19,815 Cr₹401 Cr alone |
| Herin VisariaPrimary | Mar 2025 | +4.60%a year | – | – | 11.5% | 9.4% | 1 | ₹744 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| Nippon India Multi Asset Allocation FundSushil Budhia | Mar 2021 | +15.21%a year | – | – | ₹18,044 Cr |
| Nippon India Balanced Advantage FundSushil Budhia | Mar 2021 | +10.15%a year | – | – | ₹9,532 Cr |
| Nippon India Short Term FundSushil Budhia | Mar 2021 | +6.64%a year | – | – | ₹6,364 Cr |
| Nippon India Aggressive Hybrid FundSushil Budhia | Feb 2020 | +10.89%a year | – | – | ₹3,857 Cr |
| Nippon India Multi - Asset Omni FoFSushil Budhia | Mar 2021 | +15.63%a year | – | – | ₹3,012 Cr |
| Nippon India Credit Risk FundSushil Budhia | Feb 2020 | +6.70%a year | – | – | ₹1,708 Cr |
| Nippon India Conservative Hybrid FundSushil Budhia | Feb 2020 | +6.63%a year | – | – | ₹977 Cr |
| Nippon India Flexi Cap FundDhrumil Shah | Aug 2021 | – | – | – | ₹9,214 Cr |
| Nippon India Value FundDhrumil Shah | Jan 2023 | +13.66%a year | +10.10% | +3.56 pts | ₹8,479 Cr |
| Nippon India Conservative Hybrid FundDhrumil Shah | Sep 2021 | +8.01%a year | – | – | ₹977 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| UTI Equity Savings FundUTI Mutual Fund | 41.35% | 27 |
| Aditya Birla Sun Life Equity Savings FundAditya Birla Sun Life Mutual Fund | 40.63% | 41 |
| ICICI Prudential Equity Savings FundICICI Prudential Mutual Fund | 39.88% | 33 |
| Sundaram Equity Savings FundSundaram Mutual Fund | 39.24% | 20 |
| HDFC Equity Savings FundHDFC Mutual Fund | 38.81% | 33 |
| Axis Equity Savings FundAxis Mutual Fund | 37.45% | 31 |
| DSP Equity Savings FundDSP Mutual Fund | 36.43% | 25 |
| SBI Equity Savings FundSBI Mutual Fund | 36.15% | 31 |
| WhiteOak Capital Equity Savings FundWhiteOak Capital Mutual Fund | 36.11% | 37 |
| Invesco India Equity Savings FundInvesco Mutual Fund | 35.16% | 20 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Nippon India Balanced Advantage FundNippon India Mutual Fund | 38.32% |
| Nippon India Aggressive Hybrid FundNippon India Mutual Fund | 34.30% |
| Nippon India Arbitrage FundNippon India Mutual Fund | 29.45% |
| Nippon India Multi Asset Allocation FundNippon India Mutual Fund | 26.94% |
| Nippon India Conservative Hybrid FundNippon India Mutual Fund | 12.47% |
As the fund house states it, for Sep 2026.
Nippon India Equity Savings Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV. Paid by the fund's Direct IDCW plan.Every fund's payouts
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. IDCW payout in the glossary
Largest ₹0.10 a unit, Sep 2016.
Every payout
| IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. IDCW yield in the glossary | NAV before | NAV after | ||
|---|---|---|---|---|
| 22 Apr 2019 | ₹0.070833 | 0.62% | ₹11.3522 | ₹11.2468 |
| 25 Mar 2019 | ₹0.070833 | 0.62% | ₹11.3924 | ₹11.3457 |
| 24 Sep 2018 | ₹0.070833 | 0.63% | ₹11.3178 | ₹11.2751 |
| 27 Aug 2018 | ₹0.070833 | 0.60% | ₹11.7111 | ₹11.6496 |
| 23 Jul 2018 | ₹0.070833 | 0.62% | ₹11.4688 | ₹11.4575 |
| 25 Jun 2018 | ₹0.070833 | 0.61% | ₹11.5241 | ₹11.4359 |
| 28 May 2018 | ₹0.070833 | 0.61% | ₹11.6269 | ₹11.5249 |
| 23 Apr 2018 | ₹0.070833 | 0.60% | ₹11.7263 | ₹11.6418 |
| 26 Mar 2018 | ₹0.08 | 0.69% | ₹11.5707 | ₹11.5455 |
| 19 Feb 2018 | ₹0.08 | 0.68% | ₹11.7452 | ₹11.6632 |
| 22 Jan 2018 | ₹0.08 | 0.66% | ₹12.0989 | ₹12.0624 |
| 26 Dec 2017 | ₹0.08 | 0.67% | ₹12.0179 | ₹11.9114 |
All 25 payouts since 27 Jun 2016.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The primary investment objective of this fund is to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments along with investments in debt securities & money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Asset allocation
- Equities and equity related instruments: 65% - 90% ,- Derivatives including index futures, stock futures, index options, &stock options, etc. backed by underlying equity (only arbitrageopportunities)*: 25% - 70%, - Unhedged Equity Position#: 15%-40%,Debt and Money market instruments** (including investments in securitized debt & margin for derivatives):10% - 35%, Units issued by InvITs: 0% - 10%
#Denote the directional equity exposure which is not hedged.
*This denotes only hedged equity positions by investing in arbitrage. opportunities in the equity market. The fund manager in the above case can therefore take exposure to equivalent stock/ index futures & create completely covered positions. The margin money deployed on these positions would be included in Money Market category ** including securitized debt up to 30%
Type of scheme
OPEN
- Stated category
- Hybrid
- Benchmark
- NIFTY Equity Savings Index
- Risk level at launch
- Moderately High
- New fund offer
- 12 May 2015 to 26 May 2015
- Units first allotted
- 30 May 2015
- Open for sale again
- 30 May 2015
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 134594 | INF204KA1W77 | NIPP_INDI_EQUI_4LKOYQ | 4 Jun 2015 | |
| Regular Growth | 134593 | INF204KA1V94 | NIPP_INDI_EQUI_TAYNHS | 4 Jun 2015 | |
| Direct IDCW | 134597 | INF204KA1W93 | INF204KA1X01 | NIPP_INDI_EQUI_1JIVVT7 | 4 Jun 2015 |
| Regular IDCW | 134596 | INF204KA1W10 | INF204KA1W28 | NIPP_INDI_EQUI_15ODD5Q | 4 Jun 2015 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Fundamentals \ E-Factsheet: October 2026Nippon India Mutual Fund, Sep 2026
Statement of additional information
- SAI Nippon India Mutual FundNippon India Mutual Fund, Oct 2026
Annual report
- Abridged Scheme Account 2025-2026 - 1. Consolidated Equity & Fund of Fund SchemesNippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 2. Consolidated Debt SchemesNippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 3. Consolidated Exchange Traded FundsNippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 4.Consolidate Interval Funds and Fixed Maturity PlansNippon India Mutual Fund, Mar 2026
Riskometer disclosure
- Changes in Riskometers in FY26Nippon India Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio OverlapNippon India Mutual Fund, Sep 2026
- Portfolio-Overlap-30-Sep-2026Nippon India Mutual Fund, Sep 2026