Nippon India Nivesh Lakshya Long Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Nippon India Nivesh Lakshya Long Term Fund Direct Growth Plan had a NAV of ₹18.5401 as of 15 September 2026 and managed assets of ₹6,111 Cr. Its 1-year, 3-year and 5-year returns are 2.7%, 6.32% and 5.75% respectively, with a Medium Risk label. Our view is that it suits investors who want a debt-oriented allocation with relatively steady long-term compounding rather than sharp short-term gains.
The fund’s return pattern has been uneven in the short run, but the 3-year and 5-year figures still sit in a modest positive range. With government securities making up almost the entire disclosed portfolio, the fund’s behaviour is likely to stay sensitive to interest-rate moves, while remaining more conservative than many equity-led options.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹18.5401 as of 15 Sep 2026 |
| AUM | ₹6,111 Cr |
| Expense Ratio | 0.33% |
| Launch Date | 06 Jul 2018 |
| Min SIP | ₹100 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Debt |
| Exit Load | 1% on or before 1M, Nil after 1M |
| Fund Managers | Pranay Sinha, Kinjal Desai |
The fund is managed by Pranay Sinha and Kinjal Desai.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.14% | -4.81% |
| 3M | 0.68% | -3.63% |
| 1Y | 2.7% | -8.27% |
| 3Y | 6.32% | 5.59% |
| 5Y | 5.75% | 5.58% |
The recent pattern is better read as resilience than momentum. Over 1 month, the fund was negative, but it still held up better than the benchmark, which fell more sharply. The 3-month figure turned positive for the fund while the benchmark stayed negative, so the gap in short-term behaviour is clear.
The 1-year number adds the same message. The fund stayed positive at 2.7% while the benchmark was down 8.27%, which suggests the strategy has handled a difficult market backdrop better than the broad index. That does not make the path smooth; it only shows that downside cushioning has been stronger over the most recent year.
The longer view is steadier. The 3-year return of 6.32% is only slightly above the benchmark’s 5.59%, and the 5-year return of 5.75% is also close to the benchmark’s 5.58%. So the fund’s edge is not dramatic over full cycles, but it has still kept pace with, and in recent periods stayed ahead of, the benchmark’s returns.
For investors, that mix matters. We see a fund that has not delivered aggressive upside, yet it has avoided the benchmark’s weaker stretches more effectively in the near term. That makes it more useful for patience and steadier expectations than for chasing a sharp short-term recovery.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Nippon India Nivesh Lakshya Long Term?
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 Nivesh Lakshya Long Term? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Nippon India Nivesh Lakshya Long Term Fund Direct Growth Plan | 2.7% | 6.32% | 5.75% |
| Franklin India Long Term Fund Direct Growth Plan | 4.96% | Data not available | Data not available |
| Bandhan Long Term Fund Direct Growth Plan | 4.3% | Data not available | Data not available |
| Aditya Birla SL Long Term Fund Direct Growth Plan | 3.64% | 6.68% | Data not available |
| ICICI Pru Long Term Fund Direct Growth Plan | 3.16% | 6.6% | 5.41% |
| Kotak Long Term Fund Direct Growth Plan | 2.78% | Data not available | 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 Franklin India Long Term Fund Direct Growth Plan and Bandhan Long Term Fund Direct Growth Plan, and it also sits below Aditya Birla SL Long Term Fund Direct Growth Plan and ICICI Pru Long Term Fund Direct Growth Plan. That means the recent run has been decent, but not the strongest among the listed peers.
The picture changes a bit over longer horizons. Its 3-year return is ahead of ICICI Pru Long Term Fund Direct Growth Plan and is close to the peer figures that are available, while the 5-year return is also reasonably aligned with ICICI Pru Long Term Fund Direct Growth Plan. The short-term comparison therefore looks softer than the medium-term one.
We think the key takeaway is consistency rather than leadership. The fund has not matched the stronger 1-year returns shown by a few peers, but its 3-year and 5-year figures remain competitive within the set where data is available.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 6.62% Government of India | Government Securities | 20.77% |
| 8.13% Government of India | Government Securities | 17.42% |
| 6.99% Government of India | Government Securities | 16.61% |
| 7.06% Government of India | Government Securities | 12.62% |
| 9.23% Government of India | Government Securities | 9.26% |
| 6.67% Government of India | Government Securities | 8.88% |
| 8.17% Government of India | Government Securities | 7.4% |
| Net Current Assets | Cash & Cash Equivalents and Net Assets | 2.78% |
| 7.16% Government of India | Government Securities | 1.44% |
| 6.68% Government of India | Government Securities | 1.03% |
The largest disclosed holding is 6.62% Government of India at 20.77%, which is large enough to matter for the fund’s interest-rate sensitivity and price movement. The next few positions are also sizable, with 17.42%, 16.61% and 12.62% adding a lot of weight near the top of the portfolio.
The drop from the largest position to the tenth holding is steep, but not a complete collapse in exposure. Even the lower end of the table still includes government securities, which suggests the portfolio is built around one clear bond-heavy theme rather than around a wide mix of unrelated assets.
The top 10 disclosed holdings account for approximately 98.21% of the portfolio, and there are 10 disclosed holdings in total. That tells us the portfolio is highly concentrated in the listed positions, with only a small residual share left outside the top names. For investors, that may mean the fund’s outcome is likely to be shaped mainly by movements in sovereign debt yields rather than by security selection across many unrelated issuers.
Source data date: as of 15 Sep 2026
Who should invest
This fund may suit investors with a moderate risk tolerance who are comfortable with a debt-oriented strategy that still carries market-linked movement. The Medium Risk label and the government-securities-heavy portfolio point to a style that is steadier than equity funds, but not immune to valuation changes.
A longer horizon makes more sense than a short one because the 3-year and 5-year returns are more informative than the weak 1-month patch. The main trade-off is that the fund has offered protection better than the benchmark in recent periods, but it has not shown standout upside over longer cycles. Investors who want a measured return path and can accept some rate sensitivity may find that trade-off reasonable.
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 |
Exit load
- 1% if units are sold within 1 month.
- No exit load after 1 month.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Nippon India Nivesh Lakshya Long Term Fund Direct Growth Plan?
The current NAV is ₹18.5401 as of 15 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 2.7%, its 3-year return is 6.32% and its 5-year return is 5.75%.
How has the fund performed versus the benchmark?
It has done better than the benchmark in recent periods. The benchmark’s 1-year return is -8.27% versus the fund’s 2.7%, while the 3-year and 5-year figures are also slightly stronger for the fund.
How does the fund compare with the peer funds listed here?
Its 1-year return is below Franklin India Long Term Fund Direct Growth Plan and Bandhan Long Term Fund Direct Growth Plan, but its 3-year and 5-year figures remain broadly competitive with the peers where those periods are available.
What is the exit load and tax treatment?
The exit load is 1% if units are sold within 1 month, and there is no exit load after 1 month. Units held for less than 1 year attract 20% short-term capital gains tax, while units held for more than 1 year attract 12.5% long-term capital gains tax.
Who manages the fund?
The fund is managed by Pranay Sinha and Kinjal Desai.
Bottom line
This fund has a mixed but understandable profile: recent returns have been stronger than the benchmark, while the 3-year and 5-year figures show only modest long-term outperformance. Against the peer set, the 1-year result looks softer than several names, but the longer-term numbers stay competitive where available. The portfolio is heavily tilted to government securities, so interest-rate movements are likely to remain an important driver. Overall, it looks better suited to investors seeking a relatively conservative debt fund with measured return expectations than to those chasing a sharp short-term payoff.
Published on 16 September 2026 at 7:58 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.