Nippon India Nifty Realty Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Nippon India Nifty Realty Index Fund Direct Growth Plan had a NAV of ₹7.5534 as of 15 Sep 2026, with scheme AUM of ₹57 Cr. Its 1-year, 3-year and 5-year returns are -3.94%, 0% and 0%, and the fund sits in the High Risk bucket. Our view is that this is a sector-focused option for investors who can tolerate sharp swings and want real-estate exposure rather than broad-market diversification.
The fund has a very concentrated portfolio and recent performance has been weak relative to the benchmark, so it fits best as a tactical allocation for a long horizon. It may suit investors who understand that a narrow sector index can move very differently from the broader market.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹7.5534 as of 15 Sep 2026 |
| AUM | ₹57 Cr |
| Expense Ratio | 0.35% |
| Launch Date | 04 Dec 2024 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Jitendra Tolani |
The fund is managed by Jitendra Tolani.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -10.41% | -4.81% |
| 3M | -0.22% | -3.63% |
| 1Y | -3.94% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is uneven. Over one month, the fund fell more sharply than the benchmark, which shows that the realty basket can react faster and more intensely than the broad market during weak phases. The three-month figure is much closer to flat, which suggests the decline has not been one-way.
On a one-year basis, the fund is less negative than the benchmark, so it has preserved value better over that window even though both have declined. That said, the latest one-month drop is a reminder that short-term swings can still be pronounced. For an index fund tied to a single sector, this kind of behaviour is not unusual.
The longer picture is limited because the scheme was launched in December 2024, so 3-year and 5-year figures are not available. That means investors should not treat the present track record as a full cycle history. Our reading is that the fund’s current behaviour is more about sector momentum and sentiment than about steady compounding.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Nippon India Nifty Realty Index?
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 Nifty Realty Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Nippon India Nifty Realty Index Fund Direct Growth Plan | -3.94% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan | 26.23% | Data not available | Data not available |
| Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan | 26.22% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 26.18% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s one-year return is well below the stronger peer numbers in this set, which underlines how subdued the recent realty cycle has been. Several peers tied to different themes have posted much stronger one-year gains, while this fund remains negative over the same horizon. That difference matters for investors comparing short-term momentum.
There is also a gap in longer-horizon context. Where one peer shows a full three-year history, this fund does not yet have comparable 3-year or 5-year figures, so the comparison tells a mixed story: the current fund has not kept pace on recent numbers, but it also does not yet have a long history to judge its cycle behaviour against. For readers, that makes the short-term comparison useful, but not sufficient on its own.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| DLF Limited | Realty | 19.84% |
| The Phoenix Mills Limited | Realty | 15.87% |
| Lodha Developers Limited | Realty | 14.88% |
| Prestige Estates Projects Limited | Realty | 12.33% |
| Godrej Properties Limited | Realty | 12.19% |
| Oberoi Realty Limited | Realty | 9.84% |
| Brigade Enterprises Limited | Realty | 5.44% |
| Anant Raj Limited | Realty | 4.12% |
| Aditya Birla Real Estate Limited | Realty | 3.18% |
| Sobha Limited | Realty | 2.5% |
The largest holding, DLF Limited, carries a weight of 19.84%, so it can have a meaningful influence on the scheme’s day-to-day movement. The next few positions also remain sizeable, but the weights begin to step down after the top five, which gives the portfolio a clear leader without making the rest of the basket irrelevant.
The gap from the first holding to the tenth is noticeable: the tenth holding, Sobha Limited, is at 2.5%, far below the top names. That pattern suggests the fund is not evenly spread across the ten holdings even though all disclosed positions sit within the same sector. Movements in a few large names may therefore matter more than the smaller holdings.
Because the top 10 holdings account for 100% of the portfolio and there are 10 disclosed holdings in total, the scheme is fully concentrated in the listed realty names. That concentration may make the fund more sensitive to sector-specific news and property-market sentiment, which can cut both ways for investors who want focused exposure.
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who can handle High Risk exposure and who are comfortable with a narrow sector theme. The one-year result is negative, while the benchmark has also been weak, so the fund is best seen as a volatile real-estate allocation rather than a stable core holding.
It is more appropriate for a long investment horizon, because short-term moves can be sharp and the scheme does not yet have a long operating history. The main trade-off is that investors get concentrated exposure to realty names, which can bring strong participation when the sector is in favour but can also fall faster than a broad-market alternative.
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: No exit load.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Nippon India Nifty Realty Index Fund Direct Growth Plan?
The current NAV is ₹7.5534 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -3.94%, while the 3-year and 5-year returns are Data not available.
How does the fund compare with its benchmark?
The fund’s 1-year return of -3.94% is less negative than the benchmark’s -8.27%. Over 3 months, the fund is also much closer to flat than the benchmark, while the latest 1-month decline is sharper than the benchmark.
How does it compare with the peer funds listed here?
Its 1-year return is below the peer numbers shown here, while several peers have positive 1-year returns. The comparison is less complete on longer horizons because this fund does not yet have 3-year or 5-year figures.
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 Jitendra Tolani, and the exit load is no exit load.
Bottom line
This is a high-risk, sector-specific index fund whose recent performance has been mixed: the latest one-month drop was sharp, but the one-year result is less weak than the benchmark. Against the peer set shown here, the 1-year return trails the stronger names, and the scheme does not yet have a 3-year or 5-year record. With all disclosed holdings concentrated in realty names, the fund is best viewed as a focused thematic allocation for investors who want sector exposure and can accept pronounced swings.
Published on 16 September 2026 at 8:01 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.