5 Best Nippon/Reliance Equity Mutual Funds 2025

Updated on August 8, 2025 , 34927 views

Nippon India Mutual Fund or (Formerly known as Reliance Mutual Funds) have been managing Equity Funds since 1995. The fund house involves highly experienced equity fund management & research team to manage your funds. Thus, the equity mutual funds by the AMC holds a lot of potential to offer higher returns to the investors.

As, equities are very risky, investors who can bear the equity risk and can invest for a long duration, can ideally invest in this fund.

Important Information

From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.

Why Invest in Nippon or Reliance Equity Funds

The equity funds offered by Nippon India allow one to plan their long-term investment goals. One can invest equity in these funds and plan goals that they wish to fulfill in the long-run.
The fund managers at Nippon AMC are experts in managing investments and come with a rich experience of many years. Also, the fund managers are backed by a team of risk management specialists who ensure that your investment is well protected.
The AMC offers Tax Saving Scheme named as Nippon tax saver Fund (ELSS). One can plan their Taxes under sec 80C with this scheme.
Investors can invest in Reliance equity funds with a minimum amount as low as INR 100 via a SIP.

Some of the top performers from this fund house are listed below. The top rated funds have been shortlisted by undertaking certain parameters like AUM, NAV, past performances, etc.

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Best Reliance/Nippon Equity Mutual Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)	Sharpe Ratio
Nippon India Japan Equity Fund Growth	₹21.4386 ↑ 0.29	₹272	10.1	10.8	21.3	14.4	9	9.3	0.73
Nippon India Large Cap Fund Growth	₹88.6916 ↓ -0.83	₹43,829	3.8	5.6	2.3	19.1	24.3	18.2	0.07
Nippon India Small Cap Fund Growth	₹164.669 ↓ -1.81	₹66,602	7.8	4.1	-4.8	24	34	26.1	-0.11
Nippon India Power and Infra Fund Growth	₹334.107 ↓ -4.29	₹7,620	4.6	6.2	-7.6	29.1	30.6	26.9	-0.41
Nippon India Banking Fund Growth	₹612.498 ↓ -4.93	₹7,487	1.7	9.1	10.6	18.6	25.8	10.3	0.74
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25
Note: Ratio's shown as on 30 Jun 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Japan Equity Fund	Nippon India Large Cap Fund	Nippon India Small Cap Fund	Nippon India Power and Infra Fund	Nippon India Banking Fund
Point 1	Bottom quartile AUM (₹272 Cr).	Upper mid AUM (₹43,829 Cr).	Highest AUM (₹66,602 Cr).	Lower mid AUM (₹7,620 Cr).	Bottom quartile AUM (₹7,487 Cr).
Point 2	Established history (10+ yrs).	Established history (18+ yrs).	Established history (14+ yrs).	Established history (21+ yrs).	Oldest track record among peers (22 yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 8.98% (bottom quartile).	5Y return: 24.29% (bottom quartile).	5Y return: 34.05% (top quartile).	5Y return: 30.64% (upper mid).	5Y return: 25.84% (lower mid).
Point 6	3Y return: 14.38% (bottom quartile).	3Y return: 19.09% (lower mid).	3Y return: 23.96% (upper mid).	3Y return: 29.12% (top quartile).	3Y return: 18.56% (bottom quartile).
Point 7	1Y return: 21.31% (top quartile).	1Y return: 2.32% (lower mid).	1Y return: -4.79% (bottom quartile).	1Y return: -7.56% (bottom quartile).	1Y return: 10.55% (upper mid).
Point 8	Alpha: -3.97 (bottom quartile).	Alpha: 0.12 (top quartile).	Alpha: -2.86 (lower mid).	Alpha: -7.82 (bottom quartile).	Alpha: -1.01 (upper mid).
Point 9	Sharpe: 0.73 (upper mid).	Sharpe: 0.07 (lower mid).	Sharpe: -0.10 (bottom quartile).	Sharpe: -0.41 (bottom quartile).	Sharpe: 0.74 (top quartile).
Point 10	Information ratio: -1.07 (bottom quartile).	Information ratio: 1.85 (top quartile).	Information ratio: -0.10 (bottom quartile).	Information ratio: 1.16 (upper mid).	Information ratio: 0.90 (lower mid).

Nippon India Japan Equity Fund

Bottom quartile AUM (₹272 Cr).
Established history (10+ yrs).
Top rated.
Risk profile: High.
5Y return: 8.98% (bottom quartile).
3Y return: 14.38% (bottom quartile).
1Y return: 21.31% (top quartile).
Alpha: -3.97 (bottom quartile).
Sharpe: 0.73 (upper mid).
Information ratio: -1.07 (bottom quartile).

Nippon India Large Cap Fund

Upper mid AUM (₹43,829 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.29% (bottom quartile).
3Y return: 19.09% (lower mid).
1Y return: 2.32% (lower mid).
Alpha: 0.12 (top quartile).
Sharpe: 0.07 (lower mid).
Information ratio: 1.85 (top quartile).

Nippon India Small Cap Fund

Highest AUM (₹66,602 Cr).
Established history (14+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 34.05% (top quartile).
3Y return: 23.96% (upper mid).
1Y return: -4.79% (bottom quartile).
Alpha: -2.86 (lower mid).
Sharpe: -0.10 (bottom quartile).
Information ratio: -0.10 (bottom quartile).

Nippon India Power and Infra Fund

Lower mid AUM (₹7,620 Cr).
Established history (21+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: High.
5Y return: 30.64% (upper mid).
3Y return: 29.12% (top quartile).
1Y return: -7.56% (bottom quartile).
Alpha: -7.82 (bottom quartile).
Sharpe: -0.41 (bottom quartile).
Information ratio: 1.16 (upper mid).

Nippon India Banking Fund

Bottom quartile AUM (₹7,487 Cr).
Oldest track record among peers (22 yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 25.84% (lower mid).
3Y return: 18.56% (bottom quartile).
1Y return: 10.55% (upper mid).
Alpha: -1.01 (upper mid).
Sharpe: 0.74 (top quartile).
Information ratio: 0.90 (lower mid).

1. Nippon India Japan Equity Fund

The primary investment objective of Reliance Japan Equity Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on the recognized stock exchanges of Japan and the secondary objective is to generate consistent returns by investing in debt and money market securities of India. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Research Highlights for Nippon India Japan Equity Fund

Bottom quartile AUM (₹272 Cr).
Established history (10+ yrs).
Top rated.
Risk profile: High.
5Y return: 8.98% (bottom quartile).
3Y return: 14.38% (bottom quartile).
1Y return: 21.31% (top quartile).
Alpha: -3.97 (bottom quartile).
Sharpe: 0.73 (upper mid).
Information ratio: -1.07 (bottom quartile).
Top sector: Industrials.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Ajinomoto Co Inc (~4.0%).

Below is the key information for Nippon India Japan Equity Fund

Nippon India Japan Equity Fund Growth
Launch Date	26 Aug 14
NAV (08 Aug 25)	₹21.4386 ↑ 0.29 (1.39 %)
Net Assets (Cr)	₹272 on 30 Jun 25
Category	Equity - Global
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.44
Sharpe Ratio	0.73
Information Ratio	-1.07
Alpha Ratio	-3.97
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Global

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹12,476
31 Jul 22	₹10,679
31 Jul 23	₹12,175
31 Jul 24	₹13,945
31 Jul 25	₹15,391

Nippon India Japan Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for Nippon India Japan Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	7.2%
3 Month	10.1%
6 Month	10.8%
1 Year	21.3%
3 Year	14.4%
5 Year	9%
10 Year
15 Year
Since launch	7.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.3%
2023	18.7%
2022	-15.3%
2021	5.7%
2020
2019
2018
2017
2016
2015

Fund Manager information for Nippon India Japan Equity Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	7.19 Yr.

Data below for Nippon India Japan Equity Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Industrials	25.6%
Technology	16.44%
Consumer Cyclical	15.79%
Financial Services	12.55%
Consumer Defensive	7.08%
Communication Services	6.53%
Real Estate	6.4%
Basic Materials	3.34%
Health Care	3.21%

Asset Allocation

Asset Class	Value
Cash	3.06%
Equity	96.94%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Ajinomoto Co Inc (Consumer Defensive) Equity, Since 30 Jun 23 \| 2802	4%	₹11 Cr	46,800
Tokyo Electron Ltd (Technology) Equity, Since 31 Jul 18 \| 8035	4%	₹11 Cr	6,500
Sumitomo Electric Industries Ltd (Consumer Cyclical) Equity, Since 30 Jun 24 \| 5802	4%	₹10 Cr	53,900
Hitachi Ltd (Industrials) Equity, Since 31 Aug 14 \| 6501	3%	₹10 Cr	38,100
BayCurrent Inc (Industrials) Equity, Since 30 Jun 22 \| 6532	3%	₹9 Cr	21,400
Fast Retailing Co Ltd (Consumer Cyclical) Equity, Since 31 Jul 15 \| 9983	3%	₹9 Cr	3,100
Mitsui Fudosan Co Ltd (Real Estate) Equity, Since 31 Aug 14 \| 8801	3%	₹9 Cr	110,000
Shin-Etsu Chemical Co Ltd (Basic Materials) Equity, Since 30 Jun 17 \| 4063	3%	₹9 Cr	32,100
Tokio Marine Holdings Inc (Financial Services) Equity, Since 30 Jun 22 \| 8766	3%	₹9 Cr	24,900
Recruit Holdings Co Ltd (Communication Services) Equity, Since 30 Jun 23 \| 6098	3%	₹9 Cr	17,700

2. Nippon India Large Cap Fund

(Erstwhile Reliance Top 200 Fund)

The primary investment objective of the scheme is to seek to generate long term capital appreciation by investing in equity and equity related instruments of companies whose market capitalization is within the range of highest & lowest market capitalization of S&P BSE 200 Index. The secondary objective is to generate consistent returns by investing in debt and money market securities.

Research Highlights for Nippon India Large Cap Fund

Upper mid AUM (₹43,829 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.29% (bottom quartile).
3Y return: 19.09% (lower mid).
1Y return: 2.32% (lower mid).
Alpha: 0.12 (top quartile).
Sharpe: 0.07 (lower mid).
Information ratio: 1.85 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~8.5%).

Below is the key information for Nippon India Large Cap Fund

Nippon India Large Cap Fund Growth
Launch Date	8 Aug 07
NAV (08 Aug 25)	₹88.6916 ↓ -0.83 (-0.92 %)
Net Assets (Cr)	₹43,829 on 30 Jun 25
Category	Equity - Large Cap
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.7
Sharpe Ratio	0.07
Information Ratio	1.85
Alpha Ratio	0.12
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Large Cap

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹15,369
31 Jul 22	₹17,568
31 Jul 23	₹22,003
31 Jul 24	₹30,510
31 Jul 25	₹30,718

Nippon India Large Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833 Invest Now

Returns for Nippon India Large Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	-3.1%
3 Month	3.8%
6 Month	5.6%
1 Year	2.3%
3 Year	19.1%
5 Year	24.3%
10 Year
15 Year
Since launch	12.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	18.2%
2023	32.1%
2022	11.3%
2021	32.4%
2020	4.9%
2019	7.3%
2018	-0.2%
2017	38.4%
2016	2.2%
2015	1.1%

Fund Manager information for Nippon India Large Cap Fund

Name	Since	Tenure
Sailesh Raj Bhan	8 Aug 07	17.99 Yr.
Kinjal Desai	25 May 18	7.19 Yr.
Bhavik Dave	19 Aug 24	0.95 Yr.

Data below for Nippon India Large Cap Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Financial Services	33.84%
Consumer Cyclical	13.88%
Industrials	10.36%
Consumer Defensive	8.4%
Energy	7.83%
Technology	7.14%
Utility	6.4%
Basic Materials	6.21%
Health Care	3.39%
Communication Services	0.21%

Asset Allocation

Asset Class	Value
Cash	2.34%
Equity	97.66%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 08 \| HDFCBANK	8%	₹3,711 Cr	18,540,367
Reliance Industries Ltd (Energy) Equity, Since 31 Aug 19 \| RELIANCE	7%	₹3,157 Cr	21,036,077
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| 532174	5%	₹2,386 Cr	16,500,000 ↓ -500,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 15 \| 532215	5%	₹1,977 Cr	16,489,098
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Sep 07 \| LT	4%	₹1,615 Cr	4,400,529
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Dec 21 \| 500034	3%	₹1,457 Cr	15,557,110 ↑ 12,445,688
State Bank of India (Financial Services) Equity, Since 31 Oct 10 \| SBIN	3%	₹1,452 Cr	17,700,644
ITC Ltd (Consumer Defensive) Equity, Since 31 Jan 16 \| ITC	3%	₹1,282 Cr	30,791,313
GE Vernova T&D India Ltd (Industrials) Equity, Since 30 Jun 12 \| 522275	3%	₹1,230 Cr	5,209,613 ↓ -19,927
Infosys Ltd (Technology) Equity, Since 30 Sep 07 \| INFY	2%	₹1,089 Cr	6,800,494

3. Nippon India Small Cap Fund

The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Research Highlights for Nippon India Small Cap Fund

Highest AUM (₹66,602 Cr).
Established history (14+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 34.05% (top quartile).
3Y return: 23.96% (upper mid).
1Y return: -4.79% (bottom quartile).
Alpha: -2.86 (lower mid).
Sharpe: -0.10 (bottom quartile).
Information ratio: -0.10 (bottom quartile).
Top sector: Industrials.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
Largest holding Multi Commodity Exchange of India Ltd (~2.5%).

Below is the key information for Nippon India Small Cap Fund

Nippon India Small Cap Fund Growth
Launch Date	16 Sep 10
NAV (08 Aug 25)	₹164.669 ↓ -1.81 (-1.09 %)
Net Assets (Cr)	₹66,602 on 30 Jun 25
Category	Equity - Small Cap
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.55
Sharpe Ratio	-0.11
Information Ratio	-0.1
Alpha Ratio	-2.86
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Small Cap

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹21,333
31 Jul 22	₹23,526
31 Jul 23	₹31,952
31 Jul 24	₹49,722
31 Jul 25	₹46,790

Nippon India Small Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹705,310.
Net Profit of ₹405,310 Invest Now

Returns for Nippon India Small Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	-4.7%
3 Month	7.8%
6 Month	4.1%
1 Year	-4.8%
3 Year	24%
5 Year	34%
10 Year
15 Year
Since launch	20.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	26.1%
2023	48.9%
2022	6.5%
2021	74.3%
2020	29.2%
2019	-2.5%
2018	-16.7%
2017	63%
2016	5.6%
2015	15.1%

Fund Manager information for Nippon India Small Cap Fund

Name	Since	Tenure
Samir Rachh	2 Jan 17	8.58 Yr.
Kinjal Desai	25 May 18	7.19 Yr.

Data below for Nippon India Small Cap Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Industrials	23.43%
Financial Services	14.84%
Consumer Cyclical	14.65%
Basic Materials	12.82%
Health Care	8.57%
Consumer Defensive	8.11%
Technology	7.37%
Utility	2.24%
Energy	1.77%
Communication Services	1.45%
Real Estate	0.69%

Asset Allocation

Asset Class	Value
Cash	4.05%
Equity	95.95%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 28 Feb 21 \| MCX	2%	₹1,656 Cr	1,851,010
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 22 \| HDFCBANK	2%	₹1,331 Cr	6,650,000
Kirloskar Brothers Ltd (Industrials) Equity, Since 31 Oct 12 \| KIRLOSBROS	2%	₹1,054 Cr	4,472,130
Karur Vysya Bank Ltd (Financial Services) Equity, Since 28 Feb 17 \| 590003	1%	₹850 Cr	31,784,062
ELANTAS Beck India Ltd (Basic Materials) Equity, Since 28 Feb 13 \| 500123	1%	₹827 Cr	651,246 ↑ 36,498
Apar Industries Ltd (Industrials) Equity, Since 31 Mar 17 \| APARINDS	1%	₹784 Cr	899,271
Tube Investments of India Ltd Ordinary Shares (Industrials) Equity, Since 30 Apr 18 \| TIINDIA	1%	₹777 Cr	2,499,222
State Bank of India (Financial Services) Equity, Since 31 Oct 19 \| SBIN	1%	₹747 Cr	9,100,000
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 30 Sep 22 \| 500103	1%	₹732 Cr	27,500,000
Pfizer Ltd (Healthcare) Equity, Since 28 Feb 22 \| PFIZER	1%	₹685 Cr	1,206,103

4. Nippon India Power and Infra Fund

(Erstwhile Reliance Diversified Power Sector Fund)

The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies in the power sector.

Research Highlights for Nippon India Power and Infra Fund

Lower mid AUM (₹7,620 Cr).
Established history (21+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: High.
5Y return: 30.64% (upper mid).
3Y return: 29.12% (top quartile).
1Y return: -7.56% (bottom quartile).
Alpha: -7.82 (bottom quartile).
Sharpe: -0.41 (bottom quartile).
Information ratio: 1.16 (upper mid).
Higher exposure to Industrials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding Reliance Industries Ltd (~8.3%).

Below is the key information for Nippon India Power and Infra Fund

Nippon India Power and Infra Fund Growth
Launch Date	8 May 04
NAV (08 Aug 25)	₹334.107 ↓ -4.29 (-1.27 %)
Net Assets (Cr)	₹7,620 on 30 Jun 25
Category	Equity - Sectoral
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.05
Sharpe Ratio	-0.41
Information Ratio	1.16
Alpha Ratio	-7.82
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Sectoral

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹16,368
31 Jul 22	₹17,458
31 Jul 23	₹25,631
31 Jul 24	₹44,060
31 Jul 25	₹39,686

Nippon India Power and Infra Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹642,208.
Net Profit of ₹342,208 Invest Now

Returns for Nippon India Power and Infra Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	-5.8%
3 Month	4.6%
6 Month	6.2%
1 Year	-7.6%
3 Year	29.1%
5 Year	30.6%
10 Year
15 Year
Since launch	18%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	26.9%
2023	58%
2022	10.9%
2021	48.9%
2020	10.8%
2019	-2.9%
2018	-21.1%
2017	61.7%
2016	0.1%
2015	0.3%

Fund Manager information for Nippon India Power and Infra Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	7.19 Yr.
Rahul Modi	19 Aug 24	0.95 Yr.

Data below for Nippon India Power and Infra Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Industrials	37.54%
Utility	22.35%
Energy	9.61%
Basic Materials	7.42%
Communication Services	7.35%
Consumer Cyclical	5.62%
Real Estate	3%
Financial Services	2.24%
Health Care	2%
Technology	1.87%

Asset Allocation

Asset Class	Value
Cash	1.01%
Equity	98.99%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 18 \| RELIANCE	8%	₹630 Cr	4,200,000
NTPC Ltd (Utilities) Equity, Since 31 May 09 \| 532555	7%	₹559 Cr	16,699,999 ↑ 799,999
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Apr 18 \| BHARTIARTL	7%	₹522 Cr	2,600,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 07 \| LT	6%	₹482 Cr	1,314,337 ↓ -30,000
Tata Power Co Ltd (Utilities) Equity, Since 30 Apr 23 \| 500400	4%	₹320 Cr	7,900,789
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 30 Sep 24 \| 500103	3%	₹232 Cr	8,713,730
CG Power & Industrial Solutions Ltd (Industrials) Equity, Since 30 Sep 24 \| 500093	3%	₹212 Cr	3,107,923
UltraTech Cement Ltd (Basic Materials) Equity, Since 31 Oct 19 \| 532538	3%	₹212 Cr	175,000
Kaynes Technology India Ltd (Industrials) Equity, Since 30 Nov 22 \| KAYNES	3%	₹205 Cr	336,227
Carborundum Universal Ltd (Industrials) Equity, Since 30 Sep 23 \| CARBORUNIV	2%	₹174 Cr	1,800,000

5. Nippon India Banking Fund

The primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related securities of companies in the Banking Sector and companies engaged in allied activities related to Banking Sector. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Research Highlights for Nippon India Banking Fund

Bottom quartile AUM (₹7,487 Cr).
Oldest track record among peers (22 yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 25.84% (lower mid).
3Y return: 18.56% (bottom quartile).
1Y return: 10.55% (upper mid).
Alpha: -1.01 (upper mid).
Sharpe: 0.74 (top quartile).
Information ratio: 0.90 (lower mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding HDFC Bank Ltd (~17.7%).
Top-3 holdings concentration ~40.9%.

Below is the key information for Nippon India Banking Fund

Nippon India Banking Fund Growth
Launch Date	26 May 03
NAV (08 Aug 25)	₹612.498 ↓ -4.93 (-0.80 %)
Net Assets (Cr)	₹7,487 on 30 Jun 25
Category	Equity - Sectoral
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	High
Expense Ratio	1.94
Sharpe Ratio	0.74
Information Ratio	0.9
Alpha Ratio	-1.01
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Sectoral

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹17,713
31 Jul 22	₹19,070
31 Jul 23	₹23,980
31 Jul 24	₹29,699
31 Jul 25	₹32,490

Nippon India Banking Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326 Invest Now

Returns for Nippon India Banking Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

Duration	Returns
1 Month	-4.4%
3 Month	1.7%
6 Month	9.1%
1 Year	10.6%
3 Year	18.6%
5 Year	25.8%
10 Year
15 Year
Since launch	20.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	10.3%
2023	24.2%
2022	20.7%
2021	29.7%
2020	-10.6%
2019	10.7%
2018	-1.2%
2017	44.1%
2016	11.5%
2015	-6%

Fund Manager information for Nippon India Banking Fund

Name	Since	Tenure
Vinay Sharma	9 Apr 18	7.32 Yr.
Kinjal Desai	25 May 18	7.19 Yr.
Bhavik Dave	18 Jun 21	4.12 Yr.

Data below for Nippon India Banking Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Financial Services	94.51%
Technology	2.45%

Asset Allocation

Asset Class	Value
Cash	3.04%
Equity	96.96%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	18%	₹1,324 Cr	6,614,660 ↓ -750,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| 532174	14%	₹1,043 Cr	7,215,358 ↓ -200,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 17 \| 532215	9%	₹696 Cr	5,800,228
State Bank of India (Financial Services) Equity, Since 31 Mar 14 \| SBIN	5%	₹398 Cr	4,848,932
SBI Life Insurance Co Ltd (Financial Services) Equity, Since 30 Nov 20 \| SBILIFE	4%	₹310 Cr	1,685,031 ↑ 60,000
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jul 20 \| SBICARD	3%	₹259 Cr	2,720,827
IndusInd Bank Ltd (Financial Services) Equity, Since 31 May 19 \| INDUSINDBK	3%	₹239 Cr	2,744,975
Bajaj Finserv Ltd (Financial Services) Equity, Since 31 Oct 23 \| 532978	3%	₹236 Cr	1,146,038
Cholamandalam Financial Holdings Ltd (Financial Services) Equity, Since 30 Apr 19 \| CHOLAHLDNG	3%	₹219 Cr	1,012,694 ↓ -50,000
Bank of Baroda (Financial Services) Equity, Since 30 Apr 25 \| 532134	3%	₹201 Cr	8,093,554 ↑ 1,500,000

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.