Nippon India Value Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Nippon India Value Fund Direct Growth Plan has a current NAV of ₹243.4509 as of 09 Sep 2026 and a scheme AUM of ₹9,042 Cr. Its 1-year, 3-year and 5-year returns are -0.64%, 13.57% and 13.86% respectively, and the fund carries a High Risk profile.
Our view is that this is a fund for investors who can stay patient through uneven short-term swings and still value a portfolio built around lower-priced, financially stronger, or out-of-favour businesses. The longer-term return pattern is steadier than the latest 1-year number, but the recent dip against a supportive benchmark means the fund still asks for a longer horizon.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹243.4509 as of 09 Sep 2026 |
| AUM | ₹9,042 Cr |
| Expense Ratio | 1.08% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | Nil upto 10% of units and 1% for remaining units on or before 12, Nil after 12M |
| Fund Managers | Dhrumil Shah, Meenakshi Dawar |
The fund is managed by Dhrumil Shah and Meenakshi Dawar.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.34% | -4.69% |
| 3M | 2.35% | 0.93% |
| 1Y | -0.64% | -7.16% |
| 3Y | 13.57% | 6% |
| 5Y | 13.86% | 5.87% |
The recent pattern is mixed, but it is not weak in every window. The fund was softer over the latest month, yet it still held up better than the benchmark over 1 month, 3 months and 1 year, which tells us that the recent stretch has been uneven rather than uniformly negative.
The longer view is stronger. Over 3 years and 5 years, the fund has stayed well ahead of the benchmark, and the 5-year number is slightly higher than the 3-year figure, which suggests that compounding has continued even though the path has not been smooth. That matters for a value strategy, because the return line can move through bursts of correction and recovery instead of following a straight climb.
Looking at the pattern of movement across the shorter and longer windows, we see a fund that has had periodic drawdowns but also meaningful rebounds. The current 1-year result is below zero, so the latest year has been more challenging, but the 3-year and 5-year numbers still support the idea that the strategy has worked better over a full market cycle than over a single year.
Against the NIFTY 50, the fund has clearly done better on the 3-year and 5-year measures, while the benchmark has been weaker over the same horizons. That gap is useful because it shows the fund has not simply mirrored the index; it has added value over time, even if short-term behavior remains choppy.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Nippon India Value?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Nippon India Value? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Nippon India Value Fund Direct Growth Plan | -0.64% | 13.57% | 13.86% |
| Quant Value Fund Direct Growth Plan | 22.09% | 20.52% | Data not available |
| LIC MF Value Fund Direct Growth Plan | 22.04% | 17.1% | 14.06% |
| Aditya Birla SL Value Fund Direct Growth Plan | 16.16% | 14.7% | 15% |
| Mahindra Manulife Value Fund Direct Growth Plan | 13.96% | Data not available | Data not available |
| Axis Value Fund Direct Growth Plan | 10.68% | 18.03% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On 1-year performance, the fund trails the strongest peers in this set and also sits below several value funds that have delivered double-digit gains over the same horizon. That said, the 3-year and 5-year numbers remain respectable and are ahead of the benchmark, so the longer view is more constructive than the latest year alone.
For shorter-term comparison, the fund looks less forceful than the better-performing peers, but the longer-term picture is more balanced. Some peers have stronger 1-year figures, while available 3-year and 5-year results show that the fund remains competitive on sustained compounding rather than on momentum alone.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| HDFC Bank Limited | Bank | 6.86% |
| State Bank of India | Bank | 4.53% |
| Axis Bank Limited | Bank | 3.79% |
| ICICI Bank Limited | Bank | 3.46% |
| NTPC Limited | Power | 3.42% |
| Kotak Mahindra Bank Limited | Bank | 3.08% |
| Indusind Bank Limited | Bank | 2.84% |
| Reliance Industries Limited | Crude Oil | 2.71% |
| Bharti Airtel Limited | Telecom | 2.65% |
| Bharat Heavy Electricals Limited | Capital Goods | 2.5% |
The largest holding, HDFC Bank Limited, carries a 6.86% weight, which is meaningful but not outsized on its own. The weight then steps down in fairly measured fashion: the second holding is 4.53%, and the tenth holding is 2.5%, so the portfolio’s leading positions are important without being dominated by one very large bet.
The top 10 holdings together account for 35.84% of the portfolio, and there are 59 disclosed holdings in all. That combination suggests a portfolio that is spread across a broad tail while still giving the largest positions enough weight to matter. Our view is that the stock-by-stock spread may reduce reliance on any single name, but the bank-heavy top list means financials are still likely to have greater influence on short-term movement than the longest tail of holdings.
Because the disclosed holdings extend well beyond the top 10, the fund may also draw return contributions from positions not visible in the headline list. The visible basket still tells us enough to see that the strategy is not narrowly concentrated in just a few names, but it does keep a clear emphasis on large banks and a handful of other cyclical and infrastructure-linked businesses.
To see all holdings, visit the Nippon India Value Fund Direct Growth Plan page
Source data date: as of 09 Sep 2026
Who should invest
This fund fits investors who can handle High Risk and are comfortable with a value style that can look uneven over shorter stretches. The 1-year return has been negative, but the 3-year and 5-year numbers are clearly better and sit above the benchmark, so the fund suits a horizon long enough to ride through patchy phases.
The main trade-off is that you may accept short-term volatility in exchange for the possibility of stronger compounding over a full cycle. The portfolio’s heavy bank presence and broader multi-stock spread can help the fund participate in market recoveries, but that same style may also make recent returns lumpy.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
The exit load is nil up to 10% of units and 1% for the remaining units if redeemed within 12 months; there is no exit load after 12 months.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Nippon India Value Fund Direct Growth Plan?
The current NAV is ₹243.4509 as of 09 Sep 2026.
How has Nippon India Value Fund Direct Growth Plan performed over 1 year, 3 years and 5 years?
Its 1-year return is -0.64%, the 3-year return is 13.57% and the 5-year return is 13.86%.
How does the fund compare with the benchmark?
The fund has done better than the NIFTY 50 over 3 years and 5 years, while the benchmark has been weaker over those horizons. Over the latest 1 year, the fund is still above the benchmark even though both have been under pressure.
How does it compare with the peer funds listed here?
Its 1-year return is weaker than the stronger peers in this group, but its 3-year and 5-year numbers remain competitive against the available peer history. The shorter-term picture is less impressive than the longer-term one.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Dhrumil Shah and Meenakshi Dawar. The exit load is nil up to 10% of units and 1% for the remaining units if redeemed within 12 months; there is no exit load after 12 months.
Bottom line
Nippon India Value Fund Direct Growth Plan has looked better over longer periods than over the latest year, which is the key takeaway from its return pattern. It also compares more favourably over 3-year and 5-year horizons than against the benchmark, even though its recent stretch has been more subdued. The portfolio leans heavily on banks, and the overall holding list is broad rather than narrowly concentrated. That makes it more suitable for investors who can tolerate volatility and wait for a longer compounding cycle.
Published on 10 September 2026 at 10:27 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.