Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Plan currently has a NAV of ₹10.359 as of 15 September 2026, with scheme AUM of ₹27 Cr. Its 1-year, 3-year and 5-year returns are -4.7%, 0% and 0%, and the risk label is High Risk. Our view is that the fund suits investors who understand that a low-volatility screen can still deliver uneven short-term outcomes, especially when the benchmark itself is weak.

The fund has been live only since 7 May 2025, so the history is still short. For investors who want an index-led strategy with a narrow volatility lens, the current record suggests a defensive idea in design, but not a smooth outcome in execution so far.

Quick facts

Particular	Details
NAV	₹10.359 as of 15 Sep 2026
AUM	₹27 Cr
Expense Ratio	0.35%
Launch Date	07 May 2025
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	-4.91%	-4.81%
3M	-2.17%	-3.63%
1Y	-4.7%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent performance has been mixed. Over the latest month, the fund was slightly weaker than the benchmark, which tells us the low-volatility screen did not prevent a small drop when the market softened. Over three months, however, the fund held up better than the benchmark, and that is the clearest sign of relative resilience in the available record.

The 1-year figure is still negative, but it is less negative than the benchmark. That means the strategy has protected capital better than NIFTY 50 during a weak year, even though it has not generated a positive return. For a new index fund, that kind of relative defence matters more than the absolute number alone.

We should also be careful about the longer view. The fund has only been in market since May 2025, so there is no full 3-year or 5-year history to assess. In that setting, recent underperformance in one month and outperformance over three months point to a pattern of short-run variability rather than a settled long-term track record.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Nippon India Nifty 500 Low Volatility 50 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 500 Low Volatility 50 Index Fund Direct Growth Plan	-4.7%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	32.61%	29.92%	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	25.91%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.71%	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.

On available 1-year figures, the fund trails the strongest peer returns by a wide margin and also remains below several other peer funds in this list. That does not by itself tell us the strategy is weak, because the fund is designed around a low-volatility screen rather than a high-growth theme, but it does show that the current stretch has been modest.

For longer periods, the comparison is limited by missing history on the fund itself. The peer table therefore tells two different stories: some peers have established multi-year numbers, while this fund does not yet have a long enough track record to match them on the same horizon. For now, the clearest comparison is that the fund has been more defensive than the benchmark, but not yet strong on absolute return.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Tata Consultancy Services Limited	IT	5.39%
State Bank of India	Bank	5.16%
Sun Pharmaceutical Industries Limited	Healthcare	5.05%
NTPC Limited	Power	4.65%
Bharti Airtel Limited	Telecom	4.62%
Maruti Suzuki India Limited	Automobile & Ancillaries	4.37%
Power Grid Corporation of India Limited	Power	4.28%
Bajaj Auto Limited	Automobile & Ancillaries	4.01%
Ultratech Cement Limited	Construction Materials	3.92%
Divi'S Laboratories Limited	Healthcare	3.69%

The top 10 holdings account for approximately 45.14% of the portfolio.

To see all holdings, visit the Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Plan page

The largest holding is Tata Consultancy Services Limited at 5.39%, which is meaningful but not extreme for an index fund built around a narrow selection rule. The tenth holding is Divi'S Laboratories Limited at 3.69%, so the decline from the top name to the tenth is fairly shallow. That usually points to a portfolio where the larger positions are spread relatively evenly rather than dominated by one outsized exposure.

Because the top 10 holdings together account for 45.14% and there are 40 disclosed holdings in total, the fund may still have a long tail beyond the visible top names. Even so, the displayed slice shows a cluster of mid-single-digit weights, so a handful of companies could have greater influence on short-term movement than the smallest positions.

Overall, the portfolio does not look highly top-heavy from the disclosed names alone. It appears more balanced across several large positions, which may help explain why the fund is designed to track a low-volatility screen rather than a concentrated thematic bet.

Source data date: as of 15 Sep 2026

Who should invest

This fund is better suited to investors who can accept High Risk classification and still stay patient through uneven short-term outcomes. The available return pattern shows a weak 1-year number, but the recent 3-month move was better than the benchmark, which suggests the strategy can behave differently from the broader market in stressed periods.

A medium-to-long horizon fits this fund better than a short one, mainly because the scheme is still young and the record is limited. The main trade-off is that a low-volatility screen does not guarantee positive returns, especially when market conditions are weak; in exchange, it may offer a steadier path than a plain market-cap-weighted approach over time.

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 500 Low Volatility 50 Index Fund Direct Growth Plan?

The current NAV is ₹10.359 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 -4.7%, while the 3-year and 5-year returns are not available because the scheme does not yet have those full periods of history.

How has the fund performed versus NIFTY 50?

It has done better than NIFTY 50 over 3 months and 1 year, but slightly worse over 1 month. That makes the recent picture mixed, with relative resilience over a quarter and a year, but not every short interval.

What are the peer fund return comparisons?

Several peers in the comparison set show much stronger 1-year returns, including 32.61%, 25.91%, 21.71%, 20.15% and 18.11%. The current fund’s 1-year return is -4.7%, so the gap is wide on absolute performance.

Is there a minimum SIP amount?

Yes, the minimum SIP amount is ₹100.

What are the risk label, portfolio concentration and exit load?

The fund carries a High Risk label, and the top 10 holdings together account for 45.14% of the portfolio. There is no exit load.

Bottom line

This fund’s short history shows a mixed but informative pattern: the 1-year return is negative, yet recent 3-month performance has been better than the benchmark. Compared with available peer return figures, the current fund is clearly behind on absolute numbers, while still showing some defensive behaviour versus NIFTY 50. The portfolio is led by several mid-single-digit holdings, which points to a relatively balanced top end rather than a single dominant position. That profile may suit investors who want a low-volatility index approach and can tolerate a high-risk label plus an unfinished track record.

Published on 16 September 2026 at 4:15 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.