Nippon India Power & Infra Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Nippon India Power & Infra Fund Direct Growth Plan has a NAV of ₹420.8317 as of 27 August 2026 and scheme AUM of ₹7,947 Cr. Its 1-year, 3-year and 5-year returns are 15.4418%, 21.6416% and 23.1007%, and it carries a High Risk label.

Our view is that this is a fund for investors who are comfortable with sharper price swings and want exposure to power, infrastructure and capital-goods themes. The long-term return profile is strong, while the shorter-term pattern has been steadier but still uneven, so it fits best when the investment horizon is long enough to absorb volatility.

Quick facts

Field	Value
NAV	₹420.8317
AUM	₹7,947 Cr
Expense Ratio	0.95%
Launch Date	01 January 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% if units are sold within 1 month; nil thereafter
Fund Managers	Rahul Modi; Kinjal Desai

The fund is managed by Rahul Modi and Kinjal Desai.

Source data date: as of 27 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	2.7%	0.44%
3M	0.62%	2.31%
1Y	15.44%	-2.53%
3Y	21.64%	6.72%
5Y	23.1%	7.06%

The recent pattern has been mixed. The fund has done better than the benchmark over 1 month and 1 year, but it lagged over 3 months. That tells us the ride has not been perfectly smooth, even though the fund still held up better than the index over the most important recent and medium-term windows.

The longer view is more constructive. The 3-year and 5-year figures remain well ahead of the benchmark, which points to stronger compounding over time. The 5-year return of 23.1% versus 7.06% for the benchmark suggests that the strategy has added meaningful value across a full cycle rather than only in a short burst.

The return path also shows that volatility has been part of the journey. The fund did not move in a straight line, but the broader trend recovered after weaker phases and continued to build over the longer horizon. For investors, that matters because this is not a low-variance defensive portfolio; it is a themed equity fund whose results depend on how the underlying sectors behave through different market phases.

Compared with the benchmark, the fund is clearly ahead across 1-year, 3-year and 5-year periods. The benchmark has been positive only in the shorter 1-month and 3-month snapshots, while the fund’s multi-year returns have stayed much stronger. Our view is that the current picture still supports a long-horizon equity allocation, but only for investors who can tolerate temporary drawdowns and uneven intermediate performance.

Source data date: as of 27 Aug 2026

Should you BUY or HOLD Nippon India Power & Infra?

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 Direct Growth Plan	15.4418%	21.6416%	23.1007%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	82.4562%	39.164%	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	35.4971%	Data not available	Data not available
Aditya Birla SL Mfg. Equity Fund Direct Growth Plan	29.8868%	23.5448%	17.0082%
Motilal Oswal Active Momentum Fund Direct Growth Plan	28.1855%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.0098%	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 1-year return trails several of the peer funds listed here, especially the metal-and-energy and auto-focused strategies. Its 3-year and 5-year figures are also lower than the available peer numbers for Aditya Birla SL Mfg. Equity Fund Direct Growth Plan, though that peer has a lower 5-year return than this fund. The comparison tells two different stories: the short-term numbers look modest beside the stronger peer returns, while the longer-term profile remains solid and more balanced.

Source data date: as of 27 Aug 2026

Portfolio: where your money goes

The market-cap mix is 47.76% large cap, 22.79% mid cap, 25.67% small cap and 3.78% other. That is a fairly spread-out equity profile, with meaningful exposure to mid and small caps alongside a large-cap core.

Sector	Allocation	Key holdings
CAPITAL GOODS	37.19%	KIRLOSKAR PNEUMATIC CO.LTD (10.72%), KIRLOSKAR PNEUMATIC COMPANY LIMITED (7.16%)
POWER	14%	NTPC LIMITED (5.04%), TATA POWER COMPANY LIMITED (2.52%)
INFRASTRUCTURE	6.66%	LARSEN & TOUBRO LIMITED (4.47%), BAJEL PROJECTS LIMITED (0.57%)
CRUDE OIL	6.56%	RELIANCE INDUSTRIES LIMITED (6.13%)
AUTOMOBILE & ANCILLARIES	6.23%	BHARAT FORGE LIMITED (1.32%), SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED (1.23%)

The portfolio looks theme-led rather than broadly diversified across sectors. Capital goods is the largest allocation at 37.19%, and it is materially larger than the next sector, power at 14%. That gap suggests the fund’s day-to-day behaviour may be heavily influenced by industrial and capex-linked stocks.

Large caps make up the biggest slice of market value, but mid caps and small caps together also account for a substantial part of the portfolio. That mix can support upside when the theme is working, but it can also raise volatility because smaller companies often react more sharply to market sentiment.

Among the listed sectors, capital goods is likely to have the greatest influence on portfolio behaviour, with power also important because of its 14% share. Reliance Industries in crude oil and Larsen & Toubro in infrastructure are notable single holdings, but the broad sector weights still point to capital goods as the main driver of exposure.

Source data date: as of 27 Aug 2026

Who should invest

This fund suits investors with a high tolerance for equity volatility and a long enough horizon to live through uneven stretches. The 1-year, 3-year and 5-year returns show that the fund can outperform the benchmark over time, but the path is not stable in the short run. That makes it more appropriate for investors who can stay invested through periods when themed sectors are out of favor.

The main trade-off is clear: you get concentrated exposure to power, infrastructure and capital goods, along with strong longer-term compounding, but you also accept a High Risk profile and a portfolio that may swing more than a diversified core equity fund. The mid- and small-cap exposure adds return potential, yet it can also increase drawdown risk. Investors looking for steady, benchmark-like movement may find the ride too uneven.

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 thereafter.

Source data date: as of 27 Aug 2026

Frequently asked questions

What is the current NAV of Nippon India Power & Infra Fund Direct Growth Plan?

The current NAV is ₹420.8317 as of 27 August 2026.

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

The fund’s 1-year, 3-year and 5-year returns are 15.4418%, 21.6416% and 23.1007%.

How does it compare with the benchmark?

It is ahead of the Nifty 50 across 1-year, 3-year and 5-year periods. The benchmark returns for those same horizons are -2.53%, 6.72% and 7.06%.

How does it compare with the peer funds listed here?

Its 1-year return is lower than several peers shown here, while its longer-term numbers remain competitive against peers with available 3-year and 5-year figures. The short-term and long-term comparisons do not tell the same story.

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 Rahul Modi and Kinjal Desai. The exit load is 1% if units are sold within 1 month, and nil thereafter.

Bottom line

Nippon India Power & Infra Fund Direct Growth Plan shows a stronger long-term pattern than its shorter-term picture, with 3-year and 5-year returns that remain comfortably ahead of the benchmark. Its peer comparison is less flattering on recent returns, but the longer-term profile is still workable for a themed equity strategy. The High Risk label, the large capital-goods tilt and the meaningful mid- and small-cap exposure all point to a fund that can move sharply. It is best suited to investors who want sector-led equity exposure and can stay patient through volatility.

Published on 28 August 2026 at 10:48 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.