Nippon India Power & Infra Fund(B)-Direct Review 2026: NAV, Returns, Portfolio & Should You Invest?

Nippon India Power & Infra Fund(B)-Direct Plan currently has a NAV of ₹414.5279 as of 10 Sep 2026, with scheme AUM of ₹8,136 Cr. Its 1-year, 3-year and 5-year returns are 12.35%, 18.42% and 21.16% respectively, and the fund sits in the High Risk category.

Our view is that this is a high-conviction equity fund that has rewarded patient investors over longer periods, even though recent performance has been softer. The portfolio is tilted toward power, infrastructure and capital-goods names, so the return path may remain uneven, but the longer-term compounding profile still looks stronger than the benchmark.

Quick facts

Particular	Details
NAV	₹414.5279 as of 10 Sep 2026
AUM	₹8,136 Cr
Expense Ratio	0.95%
Launch Date	01 Jan 2013
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 1M, Nil after 1M
Fund Managers	Rahul Modi, Kinjal Desai

The fund is managed by Rahul Modi and Kinjal Desai.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.56%	-4.06%
3M	3.89%	1.37%
1Y	12.35%	-7.31%
3Y	18.42%	6.07%
5Y	21.16%	5.91%

The short-term picture has been mixed. Over 1 month, the fund was slightly negative, but it still held up better than the benchmark. Over 3 months, the fund recovered more strongly than the index, which suggests the recent dip has been less severe than the benchmark’s and that the fund has retained some resilience in a choppy phase.

The bigger contrast appears over 1 year. The fund has generated a positive 12.35% return while the benchmark is negative, so the active portfolio has clearly helped versus the broad market proxy. That gap remains visible over 3 years and 5 years as well, where the fund’s 18.42% and 21.16% returns comfortably exceed the benchmark’s 6.07% and 5.91%.

The time pattern matters here. The fund’s path shows periods of strong compounding interrupted by drawdowns, which is typical for a concentrated thematic equity strategy. In our view, the recent softness does not erase the stronger medium- and long-term pattern, but it does remind investors that returns can move sharply around the trend.

Overall, the fund has outperformed the benchmark across every measured period in the table. The recent 1-month weakness is worth noting, yet it sits inside a broader 3-year and 5-year record that is materially stronger than the index.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Nippon India Power & Infra Fund(B)-Direct Plan?

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 Power & Infra Fund(B)-Direct Plan	12.35%	18.42%	21.16%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	73.94%	37.12%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	29.94%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	29.26%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.3%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.13%	Data not available	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 strongest peer figures listed here, but the comparison becomes more balanced when we look beyond one year. Its 3-year return of 18.42% is above the only peer in this set with a 3-year figure, while its 5-year return of 21.16% stands on its own as a meaningful long-term outcome in this group. The short-term story and the longer-term story are not the same, which is important for a fund with a thematic tilt.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Reliance Industries Limited	Crude Oil	7.31%
Larsen & Toubro Limited	Infrastructure	6.68%
NTPC Limited	Power	5.07%
NTPC Green Energy Limited	Power	3.83%
Bharat Heavy Electricals Limited	Capital Goods	3.48%
Hindustan Aeronautics Limited	Capital Goods	2.31%
Bharti Airtel Limited	Telecom	2.29%
Triveni Turbine Limited	Capital Goods	2.21%
Ultratech Cement Limited	Construction Materials	2.11%
Ambuja Cements Limited	Construction Materials	2.06%

The top 10 holdings account for approximately 37.35% of the portfolio.

To see all holdings, visit the Nippon India Power & Infra Fund(B)-Direct Plan page

The largest holding, Reliance Industries Limited, carries a 7.31% weight, so no single position dominates the portfolio on its own. The fall from the first holding to the tenth is steady rather than abrupt, which points to a measured spread across several large names instead of an extremely top-heavy structure.

Even so, the top 10 holdings still make up 37.35% of the disclosed portfolio, and the fund has 65 disclosed holding rows in total. That combination suggests a portfolio with a visible core and a relatively long tail, so the biggest positions are likely to matter, but they do not appear to control the entire outcome by themselves.

Several of the largest holdings sit in power, infrastructure and capital-goods themes, which fits the scheme’s mandate and may help explain why the fund can behave differently from a broad-market benchmark. The portfolio therefore looks focused, but not narrowly concentrated in just one or two shares.

Source data date: as of 10 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and are comfortable with a portfolio that may move around more than the benchmark in shorter periods. The 1-year result is positive, but the 3-year and 5-year numbers matter more here because they show that the strategy can compound over time despite periods of weakness.

It fits a longer investment horizon rather than a short holding period. The main trade-off is that the fund’s thematic exposure can create uneven near-term performance, but that same exposure has also helped it stay ahead of the benchmark over the longer sample we can see.

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; nil after 1 month.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Nippon India Power & Infra Fund(B)-Direct Plan?
Its current NAV is ₹414.5279 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 12.35%, its 3-year return is 18.42%, and its 5-year return is 21.16%.

How has it performed against the benchmark?
It has beaten the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is most visible over 1 year and longer.

How does it compare with the listed peer funds?
Its 1-year return is lower than the strongest peer figures shown here, but its 3-year and 5-year numbers remain meaningful in the context of this set. The comparison also shows that not every peer has long-term data available.

Is there a minimum SIP amount?
No minimum SIP amount is stated here.

What are the key portfolio and risk features?
The fund is in the High Risk category and its top 10 holdings account for 37.35% of the portfolio. The largest holding is Reliance Industries Limited at 7.31%, and the fund is managed by Rahul Modi and Kinjal Desai.

Bottom line

This fund’s recent performance is softer than its longer-term record, but the 3-year and 5-year numbers still show stronger compounding than the benchmark. In the peer set shown here, the 1-year result trails the stronger short-term returns, yet the longer-term figures remain relevant. The High Risk label and the power-infrastructure tilt mean the ride can be uneven, while the portfolio’s broad spread across 65 holdings keeps the structure from looking overly reliant on one name.

Published on 11 September 2026 at 11:21 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.