Nippon India Nifty 50 Value 20 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Nippon India Nifty 50 Value 20 Index Fund Direct Growth Plan has an NAV of ₹17.0542 as of 15 Sep 2026 and an AUM of ₹815 Cr. Its 1-year, 3-year and 5-year returns are -9.75%, 4.02% and 6.3%, and the scheme is tagged High Risk.

Our view is that this is a portfolio for investors who can accept sharp short-term swings in exchange for a rules-based index strategy. The fund’s recent weakness is clear, but the longer horizon is more stable, and the portfolio is still anchored in large financial and energy names rather than a broad, defensive mix.

Quick facts

Particular	Details
NAV	₹17.0542 as of 15 Sep 2026
AUM	₹815 Cr
Expense Ratio	0.25%
Launch Date	19 Feb 2021
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	-4.01%	-4.81%
3M	-5.42%	-3.63%
1Y	-9.75%	-8.27%
3Y	4.02%	5.59%
5Y	6.3%	5.58%

The recent stretch has been weak, especially over 1 year and 3 months, even though the fund still held up better than the benchmark over 1 month. That tells us the near-term trend has not been smooth, and the fund has not fully tracked the benchmark’s short-term path.

Over 3 years, the fund has remained positive, but it trails the benchmark by a noticeable margin. The 5-year picture is more balanced, with the fund slightly ahead of the benchmark, which suggests the long run has been more resilient than the recent phase.

The time pattern also shows a recovery after earlier pressure, followed by renewed softness in the latest months. In our view, that makes the current phase look more volatile than the 5-year average outcome. For investors, the main point is that this is not a steadily compounding line; it has had recoveries, drawdowns and uneven phases across the full period.

Overall, the benchmark comparison is mixed. The fund is behind over 1 year and 3 years, but ahead over 5 years, so the message is not one of steady outperformance or persistent lagging. It is closer to a long-horizon outcome that has been interrupted by recent weakness.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Nippon India Nifty 50 Value 20 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Nippon India Nifty 50 Value 20 Index Fund Direct Growth Plan	-9.75%	4.02%	6.3%
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	29.31%	30.01%	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.71%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	21.45%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	20.15%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	18.11%	18.92%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The current fund’s 1-year return is well below the peer set shown here, while the 3-year and 5-year figures are also modest next to the stronger multi-year numbers available for some peers. The gap is most obvious in the short term, where several peers have delivered positive double-digit returns while this fund is negative.

The longer-term comparison is more nuanced because some peers do not have 3-year or 5-year figures, and the funds that do show a wider spread of outcomes. Even so, this fund’s 5-year return is not the weakest in the group on the figures available, which tells us the short-term setback has been harsher than the longer-horizon result.

So the peer story is split: recent performance looks much softer than many peers, but the longer record is less extreme and still positive.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
HDFC Bank Limited	Bank	13.59%
ICICI Bank Limited	Bank	13.09%
Reliance Industries Limited	Crude Oil	12.34%
State Bank of India	Bank	10.38%
Infosys Limited	IT	6.66%
Axis Bank Limited	Bank	5.18%
ITC Limited	FMCG	4.99%
Tata Consultancy Services Limited	IT	4.15%
Oil & Natural Gas Corporation Limited	Crude Oil	3.86%
Kotak Mahindra Bank Limited	Bank	3.55%

The top 10 holdings account for approximately 77.79% of the portfolio.

To see all holdings, visit the Nippon India Nifty 50 Value 20 Index Fund Direct Growth Plan page

The largest holding, HDFC Bank Limited, carries a 13.59% weight, so it is likely to have a meaningful effect on fund behaviour. The next few positions are also large, with ICICI Bank Limited, Reliance Industries Limited and State Bank of India all above 10%, which keeps the top of the portfolio heavy.

The weight then drops to 6.66% for Infosys Limited and falls further through the rest of the list. By the tenth holding, Kotak Mahindra Bank Limited is at 3.55%, so the decline from the top position to the tenth is fairly steep. That pattern suggests the portfolio may be influenced more by a handful of large names than by a fully even spread.

With 77.79% of the portfolio represented by the top 10 disclosed holdings and 20 holdings disclosed in total, the structure appears concentrated at the top and then increasingly thinner down the line. That does not make it a narrow single-stock bet, but it does mean the biggest names may contribute most to short-term movement.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors with a high tolerance for volatility and a willingness to stay invested for multiple years. The negative 1-year return and positive 3-year and 5-year pattern show that short-term swings can be sharp, while longer holding periods may tell a more stable story.

Its benchmark comparison also suggests that patience matters. Investors who are comfortable with a large-bank and index-led portfolio may find it easier to hold through weak phases, but those looking for smooth, near-term consistency may not be a good fit.

The main trade-off is simple: you accept uneven short-term performance and concentration in a few large positions in exchange for a low-expense, rules-based equity strategy.

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 50 Value 20 Index Fund Direct Growth Plan?

The current NAV is ₹17.0542 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The returns are -9.75% over 1 year, 4.02% over 3 years and 6.3% over 5 years.

How does this fund compare with its benchmark?

It is behind the benchmark over 1 year and 3 years, but slightly ahead over 5 years. That makes the long-term picture more constructive than the recent one.

How does it compare with the peer funds listed here?

Its recent return is weaker than the peer figures shown here, while the 3-year and 5-year comparison is mixed because not every peer has both numbers available. The clearest gap is in the 1-year period.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

What risk category does the fund fall under, and who manages it?

It is tagged High Risk and is managed by Jitendra Tolani. The portfolio is concentrated in a few large holdings, especially financial names.

Bottom line

This fund’s recent performance is clearly weaker than its longer-horizon result, which matters for how investors should read it. It is High Risk, has a low expense ratio, and carries a portfolio led by large financial and energy names, so the ride may be uneven. Against the benchmark and the peer figures shown here, the short-term picture is soft while the long-term picture is more respectable. It fits investors who can tolerate volatility and who are looking for a rules-based equity allocation rather than steady near-term gains.

Published on 16 September 2026 at 6:13 PM 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.