5 Best Nippon/Reliance Equity Mutual Funds 2026

Updated on July 7, 2026 , 35727 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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Fund Selection Methodology used to find 5 funds

Category: Equity
Asset Management Company : Nippon India
Sorted On : drat (high to low)
Tags: fcpro
No Of Funds: 5

Best Reliance/Nippon Equity Mutual Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2025 (%)	Sharpe Ratio
Nippon India Japan Equity Fund Growth	₹27.3235 ↑ 0.08	₹348	9.4	18.7	37	19.5	10.2	19.8	1.59
Nippon India Power and Infra Fund Growth	₹375.987 ↑ 3.51	₹7,898	8.8	11.2	6.2	22.3	22.2	-0.5	0.35
Nippon India Small Cap Fund Growth	₹179.25 ↑ 2.70	₹74,604	13.4	10.7	3.3	17.5	19.3	-4.7	0.05
Nippon India Large Cap Fund Growth	₹89.2165 ↑ 0.44	₹51,660	2.7	-3.4	-2.5	12.8	15	9.2	-0.35
Nippon India Banking Fund Growth	₹649.865 ↑ 5.69	₹7,442	5.9	-1.3	1.4	13.1	14.2	17.4	-0.19
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 9 Jul 26
Note: Ratio's shown as on 31 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Japan Equity Fund	Nippon India Power and Infra Fund	Nippon India Small Cap Fund	Nippon India Large Cap Fund	Nippon India Banking Fund
Point 1	Bottom quartile AUM (₹348 Cr).	Lower mid AUM (₹7,898 Cr).	Highest AUM (₹74,604 Cr).	Upper mid AUM (₹51,660 Cr).	Bottom quartile AUM (₹7,442 Cr).
Point 2	Established history (11+ yrs).	Established history (22+ yrs).	Established history (15+ yrs).	Established history (18+ yrs).	Oldest track record among peers (23 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: High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.
Point 5	5Y return: 10.20% (bottom quartile).	5Y return: 22.22% (top quartile).	5Y return: 19.35% (upper mid).	5Y return: 15.01% (lower mid).	5Y return: 14.16% (bottom quartile).
Point 6	3Y return: 19.48% (upper mid).	3Y return: 22.34% (top quartile).	3Y return: 17.54% (lower mid).	3Y return: 12.76% (bottom quartile).	3Y return: 13.10% (bottom quartile).
Point 7	1Y return: 36.97% (top quartile).	1Y return: 6.17% (upper mid).	1Y return: 3.30% (lower mid).	1Y return: -2.48% (bottom quartile).	1Y return: 1.38% (bottom quartile).
Point 8	Alpha: -4.04 (bottom quartile).	Alpha: 6.45 (top quartile).	Alpha: 2.35 (lower mid).	Alpha: 0.46 (bottom quartile).	Alpha: 2.97 (upper mid).
Point 9	Sharpe: 1.59 (top quartile).	Sharpe: 0.35 (upper mid).	Sharpe: 0.05 (lower mid).	Sharpe: -0.35 (bottom quartile).	Sharpe: -0.19 (bottom quartile).
Point 10	Information ratio: -1.05 (bottom quartile).	Information ratio: 0.63 (lower mid).	Information ratio: -0.24 (bottom quartile).	Information ratio: 1.03 (top quartile).	Information ratio: 0.68 (upper mid).

Nippon India Japan Equity Fund

Bottom quartile AUM (₹348 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: High.
5Y return: 10.20% (bottom quartile).
3Y return: 19.48% (upper mid).
1Y return: 36.97% (top quartile).
Alpha: -4.04 (bottom quartile).
Sharpe: 1.59 (top quartile).
Information ratio: -1.05 (bottom quartile).

Nippon India Power and Infra Fund

Lower mid AUM (₹7,898 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 22.22% (top quartile).
3Y return: 22.34% (top quartile).
1Y return: 6.17% (upper mid).
Alpha: 6.45 (top quartile).
Sharpe: 0.35 (upper mid).
Information ratio: 0.63 (lower mid).

Nippon India Small Cap Fund

Highest AUM (₹74,604 Cr).
Established history (15+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.35% (upper mid).
3Y return: 17.54% (lower mid).
1Y return: 3.30% (lower mid).
Alpha: 2.35 (lower mid).
Sharpe: 0.05 (lower mid).
Information ratio: -0.24 (bottom quartile).

Nippon India Large Cap Fund

Upper mid AUM (₹51,660 Cr).
Established history (18+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 15.01% (lower mid).
3Y return: 12.76% (bottom quartile).
1Y return: -2.48% (bottom quartile).
Alpha: 0.46 (bottom quartile).
Sharpe: -0.35 (bottom quartile).
Information ratio: 1.03 (top quartile).

Nippon India Banking Fund

Bottom quartile AUM (₹7,442 Cr).
Oldest track record among peers (23 yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 14.16% (bottom quartile).
3Y return: 13.10% (bottom quartile).
1Y return: 1.38% (bottom quartile).
Alpha: 2.97 (upper mid).
Sharpe: -0.19 (bottom quartile).
Information ratio: 0.68 (upper mid).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

Who We Are

AMFI Registration No.: 112358
MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

Our Expertise

Certified Mutual Fund Distributors with hands-on advisory experience.
Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

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Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

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 (₹348 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: High.
5Y return: 10.20% (bottom quartile).
3Y return: 19.48% (upper mid).
1Y return: 36.97% (top quartile).
Alpha: -4.04 (bottom quartile).
Sharpe: 1.59 (top quartile).
Information ratio: -1.05 (bottom quartile).
Top sector: Industrials.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Equity-heavy allocation (~90%).
Largest holding TDK Corp (~5.2%).

Below is the key information for Nippon India Japan Equity Fund

Nippon India Japan Equity Fund Growth
Launch Date	26 Aug 14
NAV (09 Jul 26)	₹27.3235 ↑ 0.08 (0.30 %)
Net Assets (Cr)	₹348 on 31 May 26
Category	Equity - Global
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.45
Sharpe Ratio	1.59
Information Ratio	-1.05
Alpha Ratio	-4.04
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
30 Jun 21	₹10,000
30 Jun 22	₹8,067
30 Jun 23	₹9,515
30 Jun 24	₹10,476
30 Jun 25	₹12,157
30 Jun 26	₹15,868

Nippon India Japan Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 9 Jul 26

Duration	Returns
1 Month	0.9%
3 Month	9.4%
6 Month	18.7%
1 Year	37%
3 Year	19.5%
5 Year	10.2%
10 Year
15 Year
Since launch	10.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	19.8%
2024	9.3%
2023	18.7%
2022	-15.3%
2021	5.7%
2020
2019
2018
2017
2016

Fund Manager information for Nippon India Japan Equity Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	8.1 Yr.
Amber Singhania	11 Mar 26	0.3 Yr.

Data below for Nippon India Japan Equity Fund as on 31 May 26

Equity Sector Allocation

Sector	Value
Industrials	21.36%
Technology	17.79%
Consumer Cyclical	14.59%
Financial Services	12.68%
Communication Services	6.9%
Consumer Defensive	5.67%
Real Estate	4.38%
Basic Materials	3.29%
Health Care	3.08%

Asset Allocation

Asset Class	Value
Cash	10.26%
Equity	89.74%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
TDK Corp (Technology) Equity, Since 30 Jun 22 \| TDK	5%	₹18 Cr	73,600
Recruit Holdings Co Ltd (Communication Services) Equity, Since 30 Jun 23 \| 1RH	4%	₹15 Cr	23,600
Tokyo Electron Ltd (Technology) Equity, Since 31 Jul 18 \| 8035	4%	₹13 Cr	4,000
Keyence Corp (Technology) Equity, Since 30 Jun 23 \| KEE	4%	₹12 Cr	2,600
Sumitomo Electric Industries Ltd (Consumer Cyclical) Equity, Since 30 Jun 24 \| SMO	4%	₹12 Cr	16,300
ORIX Corp (Financial Services) Equity, Since 30 Jun 24 \| 8591	3%	₹12 Cr	32,200
Fast Retailing Co Ltd (Consumer Cyclical) Equity, Since 31 Jul 15 \| 9983	3%	₹12 Cr	2,400
BayCurrent Inc (Industrials) Equity, Since 30 Jun 22 \| 6532	3%	₹12 Cr	34,800
Shin-Etsu Chemical Co Ltd (Basic Materials) Equity, Since 30 Jun 17 \| 4063	3%	₹11 Cr	24,600
Tokio Marine Holdings Inc (Financial Services) Equity, Since 30 Jun 22 \| 8766	3%	₹11 Cr	26,000

2. 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 (₹7,898 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 22.22% (top quartile).
3Y return: 22.34% (top quartile).
1Y return: 6.17% (upper mid).
Alpha: 6.45 (top quartile).
Sharpe: 0.35 (upper mid).
Information ratio: 0.63 (lower mid).
Higher exposure to Industrials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Reliance Industries Ltd (~7.8%).

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 (09 Jul 26)	₹375.987 ↑ 3.51 (0.94 %)
Net Assets (Cr)	₹7,898 on 31 May 26
Category	Equity - Sectoral
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	High
Expense Ratio	1.85
Sharpe Ratio	0.35
Information Ratio	0.63
Alpha Ratio	6.45
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
30 Jun 21	₹10,000
30 Jun 22	₹10,223
30 Jun 23	₹15,004
30 Jun 24	₹27,370
30 Jun 25	₹26,049
30 Jun 26	₹28,381

Nippon India Power and Infra Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691 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 9 Jul 26

Duration	Returns
1 Month	0.3%
3 Month	8.8%
6 Month	11.2%
1 Year	6.2%
3 Year	22.3%
5 Year	22.2%
10 Year
15 Year
Since launch	17.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-0.5%
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%

Fund Manager information for Nippon India Power and Infra Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	8.11 Yr.
Rahul Modi	19 Aug 24	1.87 Yr.
Amber Singhania	11 Mar 26	0.31 Yr.

Data below for Nippon India Power and Infra Fund as on 31 May 26

Equity Sector Allocation

Sector	Value
Industrials	34.92%
Utility	22.36%
Consumer Cyclical	11.45%
Energy	9.18%
Basic Materials	6.78%
Technology	4.51%
Financial Services	4.09%
Communication Services	2.39%
Real Estate	1.47%
Health Care	1.24%

Asset Allocation

Asset Class	Value
Cash	1.59%
Equity	98.41%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 18 \| RELIANCE	8%	₹616 Cr	4,660,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 07 \| LT	7%	₹557 Cr	1,366,958 ↑ 20,000
NTPC Ltd (Utilities) Equity, Since 31 May 09 \| NTPC	6%	₹487 Cr	12,600,000 ↓ -554,060
NTPC Green Energy Ltd (Utilities) Equity, Since 30 Nov 24 \| NTPCGREEN	4%	₹296 Cr	28,594,584 ↑ 2,403,505
Tata Power Co Ltd (Utilities) Equity, Since 30 Apr 23 \| TATAPOWER	3%	₹246 Cr	5,850,789 ↓ -100,000
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 30 Sep 24 \| BHEL	3%	₹242 Cr	5,800,000 ↓ -1,148,468
Triveni Turbine Ltd (Industrials) Equity, Since 30 Jun 25 \| TRITURBINE	3%	₹237 Cr	3,193,288 ↑ 120,000
Power Finance Corp Ltd (Financial Services) Equity, Since 31 Oct 24 \| PFC	3%	₹198 Cr	4,620,000 ↑ 720,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Apr 18 \| BHARTIARTL	2%	₹188 Cr	1,030,000 ↑ 180,000
CG Power & Industrial Solutions Ltd (Industrials) Equity, Since 30 Sep 24 \| CGPOWER	2%	₹174 Cr	1,893,400 ↓ -276,614

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 (₹74,604 Cr).
Established history (15+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.35% (upper mid).
3Y return: 17.54% (lower mid).
1Y return: 3.30% (lower mid).
Alpha: 2.35 (lower mid).
Sharpe: 0.05 (lower mid).
Information ratio: -0.24 (bottom quartile).
Top sector: Industrials.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
High-quality debt (AAA/AA ~100%).
Largest holding Bharat Heavy Electricals Ltd (~1.9%).

Below is the key information for Nippon India Small Cap Fund

Nippon India Small Cap Fund Growth
Launch Date	16 Sep 10
NAV (09 Jul 26)	₹179.25 ↑ 2.70 (1.53 %)
Net Assets (Cr)	₹74,604 on 31 May 26
Category	Equity - Small Cap
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.44
Sharpe Ratio	0.05
Information Ratio	-0.24
Alpha Ratio	2.35
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
30 Jun 21	₹10,000
30 Jun 22	₹10,860
30 Jun 23	₹15,169
30 Jun 24	₹23,621
30 Jun 25	₹24,128
30 Jun 26	₹25,102

Nippon India Small Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520 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 9 Jul 26

Duration	Returns
1 Month	3.9%
3 Month	13.4%
6 Month	10.7%
1 Year	3.3%
3 Year	17.5%
5 Year	19.3%
10 Year
15 Year
Since launch	20%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-4.7%
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%

Fund Manager information for Nippon India Small Cap Fund

Name	Since	Tenure
Samir Rachh	2 Jan 17	9.5 Yr.
Kinjal Desai	25 May 18	8.11 Yr.
Amber Singhania	11 Mar 26	0.31 Yr.

Data below for Nippon India Small Cap Fund as on 31 May 26

Equity Sector Allocation

Sector	Value
Industrials	24.65%
Financial Services	15.05%
Consumer Cyclical	14.19%
Basic Materials	11.05%
Health Care	9.49%
Consumer Defensive	9.04%
Technology	7.05%
Utility	3.27%
Communication Services	1.65%
Real Estate	0.78%
Energy	0.43%

Asset Allocation

Asset Class	Value
Cash	2.9%
Equity	97.1%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 30 Sep 22 \| BHEL	2%	₹1,438 Cr	34,507,422
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 22 \| HDFCBANK	2%	₹1,322 Cr	17,754,929
TD Power Systems Ltd (Industrials) Equity, Since 31 Dec 15 \| TDPOWERSYS	2%	₹1,277 Cr	9,680,747
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 28 Feb 21 \| MCX	2%	₹1,169 Cr	3,957,067 ↓ -342,933
Apar Industries Ltd (Industrials) Equity, Since 31 Mar 17 \| APARINDS	2%	₹1,154 Cr	879,502
State Bank of India (Financial Services) Equity, Since 31 Oct 19 \| SBIN	1%	₹964 Cr	10,000,000 ↑ 2,000,000
NLC India Ltd (Utilities) Equity, Since 31 Oct 22 \| NLCINDIA	1%	₹938 Cr	26,990,331
Karur Vysya Bank Ltd (Financial Services) Equity, Since 28 Feb 17 \| KARURVYSYA	1%	₹921 Cr	31,907,252
Zydus Wellness Ltd (Consumer Defensive) Equity, Since 31 Aug 16 \| ZYDUSWELL	1%	₹876 Cr	17,273,570
Tube Investments of India Ltd Ordinary Shares (Industrials) Equity, Since 30 Apr 18 \| TIINDIA	1%	₹785 Cr	2,499,222

4. 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 (₹51,660 Cr).
Established history (18+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 15.01% (lower mid).
3Y return: 12.76% (bottom quartile).
1Y return: -2.48% (bottom quartile).
Alpha: 0.46 (bottom quartile).
Sharpe: -0.35 (bottom quartile).
Information ratio: 1.03 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~100%).
Largest holding HDFC Bank Ltd (~9.3%).

Below is the key information for Nippon India Large Cap Fund

Nippon India Large Cap Fund Growth
Launch Date	8 Aug 07
NAV (09 Jul 26)	₹89.2165 ↑ 0.44 (0.50 %)
Net Assets (Cr)	₹51,660 on 31 May 26
Category	Equity - Large Cap
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.58
Sharpe Ratio	-0.35
Information Ratio	1.03
Alpha Ratio	0.46
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
30 Jun 21	₹10,000
30 Jun 22	₹10,578
30 Jun 23	₹13,946
30 Jun 24	₹19,434
30 Jun 25	₹20,766
30 Jun 26	₹20,223

Nippon India Large Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 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 9 Jul 26

Duration	Returns
1 Month	3.7%
3 Month	2.7%
6 Month	-3.4%
1 Year	-2.5%
3 Year	12.8%
5 Year	15%
10 Year
15 Year
Since launch	12.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	9.2%
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%

Fund Manager information for Nippon India Large Cap Fund

Name	Since	Tenure
Sailesh Raj Bhan	8 Aug 07	18.91 Yr.
Kinjal Desai	25 May 18	8.11 Yr.
Bhavik Dave	19 Aug 24	1.87 Yr.
Amber Singhania	11 Mar 26	0.31 Yr.

Data below for Nippon India Large Cap Fund as on 31 May 26

Equity Sector Allocation

Sector	Value
Financial Services	34.93%
Consumer Cyclical	15.3%
Consumer Defensive	11.37%
Industrials	8.63%
Health Care	8.21%
Technology	7.23%
Utility	5.65%
Energy	4.2%
Basic Materials	2.34%
Communication Services	0.69%
Real Estate	0.68%

Asset Allocation

Asset Class	Value
Cash	0.25%
Equity	99.75%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 08 \| HDFCBANK	9%	₹4,808 Cr	64,580,734 ↑ 2,700,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	8%	₹4,231 Cr	33,677,945 ↑ 1,000,000
Reliance Industries Ltd (Energy) Equity, Since 31 Aug 19 \| RELIANCE	4%	₹2,172 Cr	16,441,139 ↑ 903,600
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 15 \| AXISBANK	4%	₹2,099 Cr	16,315,542 ↑ 700,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Dec 21 \| BAJFINANCE	4%	₹1,820 Cr	20,034,184
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Sep 07 \| LT	3%	₹1,793 Cr	4,397,774
GE Vernova T&D India Ltd (Industrials) Equity, Since 30 Jun 12 \| GVT&D	3%	₹1,452 Cr	2,819,557 ↓ -533,863
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 30 Sep 25 \| SUNPHARMA	3%	₹1,447 Cr	8,040,635 ↑ 1,955,755
Infosys Ltd (Technology) Equity, Since 30 Sep 07 \| INFY	3%	₹1,408 Cr	12,126,097
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 30 Sep 20 \| HINDUNILVR	3%	₹1,400 Cr	6,498,878 ↑ 500,000

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 (₹7,442 Cr).
Oldest track record among peers (23 yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 14.16% (bottom quartile).
3Y return: 13.10% (bottom quartile).
1Y return: 1.38% (bottom quartile).
Alpha: 2.97 (upper mid).
Sharpe: -0.19 (bottom quartile).
Information ratio: 0.68 (upper mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding ICICI Bank Ltd (~12.7%).

Below is the key information for Nippon India Banking Fund

Nippon India Banking Fund Growth
Launch Date	26 May 03
NAV (09 Jul 26)	₹649.865 ↑ 5.69 (0.88 %)
Net Assets (Cr)	₹7,442 on 31 May 26
Category	Equity - Sectoral
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	High
Expense Ratio	1.89
Sharpe Ratio	-0.19
Information Ratio	0.68
Alpha Ratio	2.97
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
30 Jun 21	₹10,000
30 Jun 22	₹9,724
30 Jun 23	₹13,479
30 Jun 24	₹16,966
30 Jun 25	₹19,602
30 Jun 26	₹19,494

Nippon India Banking Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 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 9 Jul 26

Duration	Returns
1 Month	6.2%
3 Month	5.9%
6 Month	-1.3%
1 Year	1.4%
3 Year	13.1%
5 Year	14.2%
10 Year
15 Year
Since launch	19.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	17.4%
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%

Fund Manager information for Nippon India Banking Fund

Name	Since	Tenure
Vinay Sharma	9 Apr 18	8.23 Yr.
Kinjal Desai	25 May 18	8.1 Yr.
Bhavik Dave	18 Jun 21	5.04 Yr.
Amber Singhania	11 Mar 26	0.3 Yr.

Data below for Nippon India Banking Fund as on 31 May 26

Equity Sector Allocation

Sector	Value
Financial Services	93.81%
Technology	4.36%

Asset Allocation

Asset Class	Value
Cash	1.83%
Equity	98.17%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	13%	₹947 Cr	7,538,887
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	13%	₹940 Cr	12,619,320
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 17 \| AXISBANK	9%	₹696 Cr	5,408,065
State Bank of India (Financial Services) Equity, Since 31 Mar 14 \| SBIN	5%	₹402 Cr	4,165,352
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| KOTAKBANK	4%	₹264 Cr	6,872,870
SBI Life Insurance Co Ltd (Financial Services) Equity, Since 30 Nov 20 \| SBILIFE	3%	₹245 Cr	1,339,636 ↓ -10,563
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jul 20 \| SBICARD	3%	₹243 Cr	3,893,792
Bajaj Finserv Ltd (Financial Services) Equity, Since 31 Oct 23 \| BAJAJFINSV	3%	₹228 Cr	1,275,773
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 30 Apr 24 \| MCX	3%	₹204 Cr	690,540
Cholamandalam Financial Holdings Ltd (Financial Services) Equity, Since 30 Apr 19 \| CHOLAHLDNG	3%	₹202 Cr	1,279,877

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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.