Nippon India Innovation Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Portfolio Turnover Ratio : 45.00%. Category average turnover ratio is 167.64%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 97.97% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.97%

No of Stocks : 47 (Category Avg - 44.43) | Large Cap Investments : 21.34%| Mid Cap Investments : 19.54% | Small Cap Investments : 6.09% | Other : 51%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	47	43.31
Top 5 Stock Weight	21.71%	32.32%
Top 10 Stock Weight	39.1%	49.31%
Top 3 Sector Weight	25%	43.27%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	43017.21	72871.69
Holdings in large cap stocks	21.34%	37.3%
Holdings in mid cap stocks	19.54%	14.28%
Holdings in small cap stocks	6.09%	12.55%

Category - Sectoral/Thematic

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Info Edge (India) Ltd.	Internet & catalogue retail	1712.9	5.95%	-0.25%	6.2% (Oct 2025)	2.78% (May 2025)	12.88 L	0.00
Bajaj Finserv Ltd	Holding company	1169.9	4.07%	-0.01%	4.47% (Feb 2025)	3.61% (May 2025)	5.59 L	0.00
Avenue Supermarts Ltd.	Diversified retail	1145.7	3.98%	-0.18%	4.54% (Mar 2025)	3.15% (Dec 2024)	2.87 L	0.00
Trent Limited	Speciality retail	1117.9	3.89%	0.39%	3.89% (Nov 2025)	0% (Dec 2024)	2.63 L	50.00 k
Motherson Sumi Systems Ltd.	Auto components & equipments	1099.8	3.82%	0.34%	3.82% (Nov 2025)	1.4% (Jan 2025)	94.56 L	0.00
Varun Beverages Ltd.	Other beverages	1083.5	3.77%	0.08%	4.03% (Jul 2025)	0% (Dec 2024)	22.50 L	0.00
Eternal Ltd.	E-retail/ e-commerce	1005.3	3.49%	-0.23%	3.89% (Sep 2025)	2.2% (Dec 2024)	33.50 L	0.00
3M India Ltd.	Diversified	1000.7	3.48%	-0.05%	4.75% (Jan 2025)	3.48% (Nov 2025)	28.72 k	-5.42 k
Swiggy Ltd.	E-retail/ e-commerce	981.8	3.41%	-0.31%	3.72% (Oct 2025)	2.72% (May 2025)	25.95 L	0.00
WABCO India Ltd.	Auto components & equipments	931.4	3.24%	0.18%	3.97% (Mar 2025)	3.06% (Oct 2025)	70.54 k	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

Help me understand this table

Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Info Edge (India) Ltd.	Internet & catalogue retail	5.95	1712.9	5.95%	-0.25%	6.2% (Oct 2025)	2.78% (May 2025)	12.88 L	0.00	Other	51
Bajaj Finserv Ltd	Holding company	4.07	1169.9	4.07%	-0.01%	4.47% (Feb 2025)	3.61% (May 2025)	5.59 L	0.00	Other	51
Avenue Supermarts Ltd.	Diversified retail	3.98	1145.7	3.98%	-0.18%	4.54% (Mar 2025)	3.15% (Dec 2024)	2.87 L	0.00	Large Cap	21.34
Trent Limited	Speciality retail	3.89	1117.9	3.89%	0.39%	3.89% (Nov 2025)	0% (Dec 2024)	2.63 L	50.00 k	Mid Cap	19.54
Motherson Sumi Systems Ltd.	Auto components & equipments	9.2	1099.8	3.82%	0.34%	3.82% (Nov 2025)	1.4% (Jan 2025)	94.56 L	0.00	Large Cap	21.34
Varun Beverages Ltd.	Other beverages	3.77	1083.5	3.77%	0.08%	4.03% (Jul 2025)	0% (Dec 2024)	22.50 L	0.00	Other	51
Eternal Ltd.	E-retail/ e-commerce	9.85	1005.3	3.49%	-0.23%	3.89% (Sep 2025)	2.2% (Dec 2024)	33.50 L	0.00	Other	51
3M India Ltd.	Diversified	3.48	1000.7	3.48%	-0.05%	4.75% (Jan 2025)	3.48% (Nov 2025)	28.72 k	-5.42 k	Mid Cap	19.54
Swiggy Ltd.	E-retail/ e-commerce	9.85	981.8	3.41%	-0.31%	3.72% (Oct 2025)	2.72% (May 2025)	25.95 L	0.00	Other	51
WABCO India Ltd.	Auto components & equipments	9.2	931.4	3.24%	0.18%	3.97% (Mar 2025)	3.06% (Oct 2025)	70.54 k	0.00	Mid Cap	19.54
Delhivery Ltd.	Logistics solution provider	3.14	903.5	3.14%	-0.31%	3.59% (Aug 2025)	1.88% (Mar 2025)	21.20 L	0.00	Other	51
Syngene International Ltd.	Healthcare research, analytics & technology	2.96	852.1	2.96%	-0.03%	2.99% (Oct 2025)	2.22% (Aug 2025)	13.14 L	0.00	Mid Cap	19.54
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	9.85	847.7	2.95%	0.13%	4.18% (Mar 2025)	2.74% (Jul 2025)	31.71 L	-0.88 L	Other	51
Axis Bank Ltd.	Private sector bank	4.96	767.8	2.67%	-0.41%	4% (Apr 2025)	2.67% (Nov 2025)	6.00 L	-1.15 L	Large Cap	21.34
Reliance Industries Ltd.	Refineries & marketing	2.62	754	2.62%	0.12%	2.62% (Nov 2025)	0% (Dec 2024)	4.81 L	0.00	Large Cap	21.34
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	2.59	744.1	2.59%	-0.01%	2.65% (Sep 2025)	1.02% (Dec 2024)	8.45 L	0.00	Other	51
Tata Consumer Products Ltd.	Tea & coffee	2.44	703.4	2.44%	-0.39%	3.35% (Apr 2025)	2.44% (Nov 2025)	6.00 L	-0.94 L	Mid Cap	19.54
Siemens Energy India Ltd.	Power generation	2.31	664.8	2.31%	0.52%	3.72% (Jun 2025)	0% (Dec 2024)	2.10 L	50.00 k	Other	51
ICICI Bank Ltd.	Private sector bank	4.96	659.7	2.29%	0.06%	3.11% (Feb 2025)	2.23% (Oct 2025)	4.75 L	0.00	Large Cap	21.34
Motherson Sumi Wiring India Ltd.	Auto components & equipments	9.2	614.9	2.14%	-0.08%	2.22% (Oct 2025)	1.83% (Jul 2025)	1.35 Cr	0.00	Other	51
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	3.3	532.8	1.85%	-0.10%	2.12% (Dec 2024)	1.62% (Apr 2025)	2.29 L	0.00	Other	51
# ABB India Ltd.	Heavy electrical equipment	4.52	517.5	1.80%	1.80%	1.8% (Nov 2025)	0% (Dec 2024)	1.00 L	1.00 L	Large Cap	21.34
Krishna Institute of Medical Sciences Ltd.	Hospital	1.79	513.8	1.79%	-0.10%	2.08% (Mar 2025)	1.79% (Nov 2025)	7.50 L	0.00	Other	51
One 97 Communications Ltd.	Financial technology (fintech)	2.7	509.5	1.77%	0.01%	2.12% (Dec 2024)	1.55% (Sep 2025)	3.86 L	0.00	Other	51
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	1.61	464.1	1.61%	0.17%	1.61% (Nov 2025)	0.54% (Feb 2025)	4.13 L	0.00	Small Cap	6.09
# Hindustan Aeronautics Ltd.	Aerospace & defense	1.58	454.2	1.58%	1.58%	1.58% (Nov 2025)	0% (Dec 2024)	1.00 L	1.00 L	Other	51
- Jubilant Foodworks Ltd.	Restaurants	3.04	451.1	1.57%	0.00%	3.09% (Jan 2025)	1.57% (Oct 2025)	7.50 L	0.00	Other	51
Siemens Ltd.	Heavy electrical equipment	4.52	450.2	1.56%	0.08%	4.26% (Mar 2025)	1.48% (Oct 2025)	1.37 L	0.00	Large Cap	21.34
Tata Motors Passenger Vehicles Ltd.	Passenger cars & utility vehicles	3.3	418.2	1.45%	-0.23%	2.85% (Sep 2025)	1.45% (Nov 2025)	11.72 L	0.00	Large Cap	21.34
Tejas Networks Ltd.	Telecom - equipment & accessories	1.45	416.3	1.45%	-0.12%	2.26% (Jan 2025)	1.18% (Sep 2025)	8.42 L	0.00	Small Cap	6.09
TML Commercial Vehicles Ltd.	Commercial vehicles	1.43	412.6	1.43%	0.36%	1.43% (Nov 2025)	0% (Dec 2024)	11.72 L	0.00	Other	51
Sanofi Consumer Healthcare India Ltd.	Pharmaceuticals	3.16	357	1.24%	-0.06%	1.3% (Oct 2025)	0.98% (Sep 2025)	76.61 k	0.00	Other	51
Biocon Ltd.	Pharmaceuticals	3.16	338	1.17%	-0.02%	1.32% (Jul 2025)	0% (Dec 2024)	8.49 L	-0.70 L	Mid Cap	19.54
GE T&D India Ltd.	Heavy electrical equipment	4.52	334.5	1.16%	-0.34%	3.81% (May 2025)	0% (Dec 2024)	1.16 L	-0.25 L	Small Cap	6.09
# Bajaj Auto Ltd.	2/3 wheelers	1.15	331.8	1.15%	1.15%	1.15% (Nov 2025)	0% (Dec 2024)	36.57 k	36.57 k	Large Cap	21.34
- Timken India Ltd.	Abrasives & bearings	1.09	314.1	1.09%	0.00%	1.33% (Dec 2024)	1.01% (Apr 2025)	99.56 k	0.00	Small Cap	6.09
Emudhra Ltd.	It enabled services	1	287.5	1.00%	-0.05%	1.87% (Dec 2024)	1% (Nov 2025)	4.66 L	0.00	Other	51
Honeywell Automation India Ltd.	Industrial products	0.96	275.2	0.96%	-0.03%	1.54% (Dec 2024)	0.96% (Nov 2025)	7.78 k	0.00	Mid Cap	19.54
PB Fintech Ltd.	Financial technology (fintech)	2.7	267.4	0.93%	0.01%	1.03% (Mar 2025)	0% (Dec 2024)	1.47 L	0.00	Other	51
Honasa Consumer Ltd.	Retailing	0.87	249.6	0.87%	0.01%	1.06% (May 2025)	0.83% (Jan 2025)	8.61 L	0.00	Other	51
TBO TEK Ltd.	Tour, travel related services	0.85	243.9	0.85%	0.08%	0.85% (Nov 2025)	0% (Dec 2024)	1.48 L	0.00	Other	51
LG Electronics India Pvt. Ltd.	Consumer electronics	0.83	239.7	0.83%	-0.01%	0.84% (Oct 2025)	0% (Dec 2024)	1.44 L	0.00	Other	51
Burger King India Ltd.	Restaurants	3.04	235.4	0.82%	-0.07%	1.37% (Dec 2024)	0.82% (Nov 2025)	37.80 L	0.00	Other	51
Sonata Software Ltd.	Computers - software & consulting	0.78	225.6	0.78%	-0.04%	1.62% (Dec 2024)	0.78% (Nov 2025)	6.31 L	0.00	Small Cap	6.09
Sanofi India Ltd.	Pharmaceuticals	3.16	215.5	0.75%	-0.07%	0.9% (Dec 2024)	0.57% (Sep 2025)	49.11 k	0.00	Mid Cap	19.54
Sapphire Foods India Ltd.	Restaurants	3.04	188.2	0.65%	-0.11%	1.1% (Feb 2025)	0.65% (Nov 2025)	7.57 L	0.00	Other	51
Bayer Cropscience Ltd.	Pesticides & agrochemicals	0.65	185.7	0.65%	-0.03%	0.95% (Dec 2024)	0.65% (Nov 2025)	39.87 k	0.00	Mid Cap	19.54
HDFC Bank Ltd.	Private sector bank	4.96	493.7	0.00%	-1.73%	-	-	-	-	Other	51
Bajaj Finance Ltd.	Non banking financial company (nbfc)	2.59	344.1	0.00%	-1.20%	-	-	-	-	Other	51

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# ABB India Ltd.	Heavy electrical equipment	517.5	1.80%	1.80%	1.8% (Nov 2025)	0% (Dec 2024)	1.00 L	100000
# Hindustan Aeronautics Ltd.	Aerospace & defense	454.2	1.58%	1.58%	1.58% (Nov 2025)	0% (Dec 2024)	1.00 L	100000
# Bajaj Auto Ltd.	2/3 wheelers	331.8	1.15%	1.15%	1.15% (Nov 2025)	0% (Dec 2024)	36.57 k	36570

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Private sector bank	493.7	0.00%	-1.73%	3.04% (Dec 2024)	0% (Dec 2024)	0.00	-500000
Bajaj Finance Ltd.	Non banking financial company (nbfc)	344.1	0.00%	-1.20%	2.52% (Feb 2025)	0% (Dec 2024)	0.00	-330000

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
Info Edge (India) Ltd.	5.95%	6.20%	6.02%	5.77%	3.96%	3.87%	2.78%	2.92%	3.11%	3.28%	3.39%	3.72%	3.59%
3M India Ltd.	3.48%	3.53%	3.59%	3.80%	4.08%	3.83%	4.13%	4.50%	4.52%	4.46%	4.75%	4.71%	5.07%
Eternal Ltd.	3.49%	3.72%	3.89%	3.80%	3.78%	3.29%	3.11%	6.44%	5.86%	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	-	3.49%	3.24%	2.20%	3.10%
Avenue Supermarts Ltd.	3.98%	4.16%	4.10%	4.41%	4.02%	4.17%	4.01%	4.46%	4.54%	4.10%	4.13%	3.15%	3.33%
Bajaj Finserv Ltd	4.07%	4.08%	4.00%	3.86%	3.99%	4.27%	3.61%	3.71%	3.99%	4.47%	4.18%	3.69%	3.77%
Varun Beverages Ltd.	3.77%	3.69%	3.56%	3.96%	4.03%	-	-	-	-	-	-	-	-
WABCO India Ltd.	3.24%	3.06%	3.25%	3.59%	3.41%	3.51%	3.68%	3.66%	3.97%	3.62%	3.08%	3.28%	2.91%
Axis Bank Ltd.	2.67%	3.08%	3.29%	3.08%	3.19%	3.63%	3.79%	4.00%	3.89%	3.65%	3.31%	3.49%	2.79%
FSN E-Commerce Ventures Ltd.	2.95%	2.82%	2.95%	2.96%	2.74%	2.76%	2.82%	3.49%	4.18%	4.02%	4.00%	3.79%	3.25%
Swiggy Ltd.	3.41%	3.72%	3.16%	3.10%	3.10%	3.12%	2.72%	2.74%	3.00%	3.29%	2.92%	3.70%	3.27%
Trent Limited	3.89%	3.50%	1.67%	-	-	-	-	-	-	-	-	-	-
Kotak Mahindra Bank Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	2.80%
Delhivery Ltd.	3.14%	3.45%	3.41%	3.59%	3.31%	3.02%	2.96%	2.30%	1.88%	1.99%	2.40%	2.23%	2.19%
Tata Consumer Products Ltd.	2.44%	2.83%	2.80%	2.67%	2.73%	2.83%	2.99%	3.35%	3.01%	3.14%	3.12%	2.72%	0.90%