Nippon India Japan Equity Fund is a Thematic fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹358 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 23.9% a year and its Regular plan returned 22.4% a year.
NAV (Direct plan)
₹31.06
▼ 0.24% · 30-10-2026
NAV (Regular plan)
₹27.41
▼ 0.25% · 30-10-2026
Expense ratio
1.37%Direct2.50%Regular
1.37%
A year
Riskometer
Very High
Set by the fund house
3 year return
23.9%Direct22.4%Regular
23.9%
A year
Nippon India Japan Equity Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹31.06 (down 0.24% that day); Regular Plan Growth ₹27.41 (down 0.25% that day).
This fund (Direct plan)
₹31.0584
Nippon India Japan Equity Fund Returns vs Thematic Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−3.75%
+2.54%
+8.35%
+24.78%
+23.88%
+10.52%
+11.11%
This fund (Regular)
−3.83%
+2.25%
+7.74%
+23.35%
+22.43%
+9.15%
+9.89%
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
+11.62%
+13.76%
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
+21.14%
+19.31%
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
+3.65%
+7.72%
Rank in Thematic
174/235
14/232
42/232
2/215
6/133
54/96
52/63
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return. This fund's benchmark is S&P Japan 500 TRI. Returns of that index are not available to us, so the category average is the comparison.
Nippon India Japan Equity Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+22.85%
+21.68%
2025
+21.19%
+19.76%
2024
+10.62%
+9.31%
2023
+20.32%
+18.74%
2022
−14.18%
−15.33%
2021
+7.04%
+5.69%
Nippon India Japan Equity Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,121 periods, one for each trading day from 28-08-2017 to 30-10-2026.
−10%0%10%20%30%
Nippon India Japan Equity Fund (Direct)
Category average, 235 Thematic funds
May 2015 to May 2018Dec 2016 to Dec 2019Jul 2018 to Jul 2021Jan 2020 to Jan 2023Aug 2021 to Aug 2024Feb 2023 to Feb 2026
Nippon India Japan Equity Fund (Direct)Category average, 235 Thematic funds
0%
2%
Below 0%
26%
5%
0-5%
38%
9%
5-10%
22%
27%
10-15%
8%
23%
15-20%
6%
27%
20-25%
0%
7%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
2,588
12.0%
−26.9%
58.7%
21%
10.6%
39%
2 years
2,352
9.7%
−7.5%
31.9%
15%
14.7%
29%
3 years
2,121
8.4%
−0.4%
24.8%
0%
17.3%
22%
5 years
1,655
8.6%
1.3%
13.9%
0%
15.8%
4%
7 years
1,193
8.2%
3.6%
13.9%
0%
16.4%
0%
10 years
499
8.6%
5.7%
12.1%
0%
15.9%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
135
11.7%
−30.0%
47.9%
20%
11.8%
43%
2 years
123
10.7%
−16.5%
32.0%
11%
13.2%
33%
3 years
111
9.7%
−7.6%
26.4%
7%
17.5%
32%
5 years
87
8.6%
−1.1%
20.1%
2%
17.7%
26%
7 years
63
8.2%
1.9%
16.1%
0%
18.0%
0%
10 years
27
10.1%
7.4%
13.6%
0%
17.7%
0%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 235 Thematic funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Nippon India Japan Equity Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Nippon India Japan Equity Fund (Direct)This fund
Category average
Return (CAGR)
+24.78%
−1.54%
Standard deviation
18.16%
13.74%
Sharpe ratio
1.08
-0.49
Sortino ratio
1.59
-0.66
Maximum drawdown
−9.7%
(23-03-2026)
−12.7%
(30-03-2026)
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Nippon India Japan Equity Fund (Direct)This fund
Category average
Return (CAGR)
+23.88%
+14.14%
Standard deviation
17.96%
13.39%
Sharpe ratio
0.99
0.61
Sortino ratio
1.45
0.82
Maximum drawdown
−15.7%
(07-04-2025)
−18.5%
(28-02-2025)
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Nippon India Japan Equity Fund (Direct)This fund
Category average
Return (CAGR)
+10.52%
+12.42%
Standard deviation
17.30%
13.09%
Sharpe ratio
0.27
0.51
Sortino ratio
0.39
0.68
Maximum drawdown
−27.7%
(21-10-2022)
−18.5%
(28-02-2025)
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Nippon India Japan Equity Fund (Direct)This fund
Category average
Return (CAGR)
+11.11%
+14.61%
Standard deviation
15.83%
14.10%
Sharpe ratio
0.36
0.65
Sortino ratio
0.52
0.87
Maximum drawdown
−29.9%
(21-10-2022)
−33.7%
(23-03-2020)
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Nippon India Japan Equity Fund (Direct)This fund
Category average
Return (CAGR)
+9.82%
+14.23%
Standard deviation
15.92%
13.98%
Sharpe ratio
0.26
0.61
Sortino ratio
0.37
0.81
Maximum drawdown
−29.9%
(21-10-2022)
−33.7%
(23-03-2020)
From daily NAVs, 27-08-2014 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−40%−30%−20%−10%0%
Nippon India Japan Equity Fund (Direct)
Category average, 235 Thematic funds
201520172019202120232025
Nippon India Japan Equity Fund (Direct)Category average, 235 Thematic funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Nippon India Japan Equity Fund (Direct)
−29.9%
14-09-2021
21-10-2022
04-03-2024
16 months
−5.0%
Category average
−33.7%
07-02-2020
23-03-2020
05-11-2020
7 months
−6.9%
From the Direct plan's daily NAV since 27-08-2014, adjusted for unit splits, and the average of the 235 Thematic funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Nippon India Japan Equity Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Nippon India Japan Equity Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
1.09%
0.09%
0.00%
0.19%
1.37%
1.18%
164/235
Regular
2.08%
0.09%
0.00%
0.33%
2.50%
2.41%
135/235
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
23.35%
24.78%
1.43%
₹1,23,350
₹1,24,780
3 years
22.43%
23.88%
1.45% a year
₹1,83,512
₹1,90,109
5 years
9.15%
10.52%
1.37% a year
₹1,54,924
₹1,64,894
10 years
9.89%
11.11%
1.22% a year
₹2,56,792
₹2,86,769
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Nippon India Japan Equity Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 27-08-2014 to 30-10-2026: 147 instalments, ₹14,70,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planNippon India Japan Equity Fund (Direct)
₹14,70,000
₹31,45,026
₹16,75,026
11.8%
Regular planNippon India Japan Equity Fund (Regular)
Direct planNippon India Japan Equity Fund (Direct)Regular planNippon India Japan Equity Fund (Regular)Category averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Nippon India Japan Equity Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
90.7%Equity
Asset
Fund
Category
Equity
90.7%
94.5%
Cash and others
9.3%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
0.0%
45.7%
Mid Cap
0.0%
19.6%
Small Cap
0.0%
24.1%
Foreign stocks
90.7%
2.7%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Nippon India Japan Equity Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Industrial Machinery & Supplies & Components9.4%
Wireless Telecommunication Services3.9%
Semiconductor Materials & Equipment3.3%
Automotive Parts & Equipment3.2%
Property & Casualty Insurance3.1%
Electronic Components3.1%
Industrial Conglomerates3.1%
Human Resource & Employment Services3.1%
Trading Companies & Distributors3.1%
Life & Health Insurance3.0%
The ten largest of 28 sectors. The other 18 add up to 52.3%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Industrial Machinery & Supplies & Components
8.7%
8.5%
9.4%
+0.7%
Wireless Telecommunication Services
2.2%
2.1%
3.9%
+1.7%
Semiconductor Materials & Equipment
2.3%
2.3%
3.3%
+1.0%
Automotive Parts & Equipment
2.1%
2.1%
3.2%
+1.0%
Property & Casualty Insurance
3.4%
3.1%
3.1%
−0.3%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Nippon India Japan Equity Fund Portfolio Holdings
As on 30-09-2026 · 30 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
SoftBank Group Corp
Wireless Telecommunication Services
3.91%
+45.9%
Tokyo Electron Ltd
Semiconductor Materials & Equipment
3.33%
+587.5%
Sumitomo Elec Indust
Automotive Parts & Equipment
3.23%
+44.3%
SMC Corp
Industrial Machinery & Supplies & Components
3.21%
+4.0%
Tokio Marine Holdings Inc
Property & Casualty Insurance
3.12%
+1324.4%
TDK Corp
Electronic Components
3.10%
+33.3%
Daifuku Co Ltd
Industrial Machinery & Supplies & Components
3.10%
+25.4%
MITSUBISHI HEAVY ORD
Industrial Machinery & Supplies & Components
3.09%
+3.5%
Hitachi Ltd
Industrial Conglomerates
3.09%
−9.9%
Recruit Holdings Co Ltd
Human Resource & Employment Services
3.07%
−33.5%
Itochu Corporation
Trading Companies & Distributors
3.07%
−12.9%
Dai-ichi Life Holdings Inc
Life & Health Insurance
3.05%
−2.0%
Nippon Yusen Kabushiki Kaisha
Marine Transportation
3.05%
−22.1%
Shin Etsu Chemical Co
Specialty Chemicals
3.04%
+28.3%
Keyence Corp
Electronic Equipment & Instruments
3.03%
−4.3%
Fast Retailing Co Ltd
Apparel Retail
3.03%
+19.1%
Mitsubishi UFJ Financial Group Inc
Diversified Banks
3.01%
−11.4%
Daikin Industries Ltd
Building Products
3.01%
+13.5%
Ajinomoto Co Inc
Packaged Foods & Meats
2.94%
−0.3%
Kao Corporation
Personal Care Products
2.93%
−14.0%
Exeo Group Inc
Construction & Engineering
2.92%
+6.7%
Nomura Holdings Inc
Investment Banking & Brokerage
2.89%
−11.0%
Secom Co Ltd
Security & Alarm Services
2.87%
−0.4%
Orix Corporation
Diversified Financial Services
2.85%
+1.4%
Bridgestone Corp
Tires & Rubber
2.83%
−14.2%
Toyota Motor Corp
Automobile Manufacturers
2.80%
−8.1%
Pan Pacific International Holdings Corporation
Broadline Retail
2.79%
+9.7%
Terumo Corp
Health Care Equipment
2.79%
−9.1%
Mitsubishi Chemical
Diversified Chemicals
2.78%
−11.9%
Daiwa House Industry
Diversified Real Estate Activities
2.77%
+85.0%
Nippon India Japan Equity Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Recruit Holdings Co Ltd
↓Reduced
−33.5%
3.07%
SoftBank Group Corp
↑Added
+45.9%
3.91%
Nippon Yusen Kabushiki Kaisha
↓Reduced
−22.1%
3.05%
Kao Corporation
↓Reduced
−14.0%
2.93%
Bridgestone Corp
↓Reduced
−14.2%
2.83%
Nomura Holdings Inc
↓Reduced
−11.0%
2.89%
Hitachi Ltd
↓Reduced
−9.9%
3.09%
Mitsubishi UFJ Financial Group Inc
↓Reduced
−11.4%
3.01%
Itochu Corporation
↓Reduced
−12.9%
3.07%
Terumo Corp
↓Reduced
−9.1%
2.79%
Tokyo Electron Ltd
↑Added
+587.5%
3.33%
Keyence Corp
↓Reduced
−4.3%
3.03%
Toyota Motor Corp
↓Reduced
−8.1%
2.80%
Sumitomo Elec Indust
↑Added
+44.3%
3.23%
SMC Corp
↑Added
+4.0%
3.21%
Mitsubishi Chemical
↓Reduced
−11.9%
2.78%
Daiwa House Industry
↑Added
+85.0%
2.77%
Tokio Marine Holdings Inc
↑Added
+1324.4%
3.12%
Daifuku Co Ltd
↑Added
+25.4%
3.10%
TDK Corp
↑Added
+33.3%
3.10%
MITSUBISHI HEAVY ORD
↑Added
+3.5%
3.09%
Ajinomoto Co Inc
↓Reduced
−0.3%
2.94%
Dai-ichi Life Holdings Inc
↓Reduced
−2.0%
3.05%
Shin Etsu Chemical Co
↑Added
+28.3%
3.04%
Fast Retailing Co Ltd
↑Added
+19.1%
3.03%
Daikin Industries Ltd
↑Added
+13.5%
3.01%
Secom Co Ltd
↓Reduced
−0.4%
2.87%
Orix Corporation
↑Added
+1.4%
2.85%
Exeo Group Inc
↑Added
+6.7%
2.92%
Pan Pacific International Holdings Corporation
↑Added
+9.7%
2.79%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.37%
Expense ratio (Regular)
2.50%
Category
Thematic
Risk
Very High
Benchmark
S&P Japan 500 TRI
Launch date
26-08-2014
AUM
₹357.70 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
130860
ISIN (Direct)
INF204KA1SI1
Scheme code (Regular)
130863
ISIN (Regular)
INF204KA1SH3
NAV history
From 27-08-2014, 12.2 years
Minimum investment
5000; Note - Lumpsum subscription under the Scheme is suspended temporarily with effect from February 26, 2024
Minimum additional investment
1000; Note - Lumpsum subscription under the Scheme is suspended temporarily with effect from February 26, 2024
Exit load
1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units.Nil, thereafter.
Tax on Nippon India Japan Equity Fund returns
How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Bonus
₹31.0584
30-10-2026
direct
Growth
₹31.0584
30-10-2026
direct
IDCW
₹31.0584
30-10-2026
regular
Bonus
₹27.4082
30-10-2026
regular
Growth
₹27.4082
30-10-2026
regular
IDCW
₹27.4082
30-10-2026
About Nippon India Japan Equity Fund
Nippon India Japan Equity Fund is a mutual fund from Nippon India Mutual Fund. Its category is Thematic. It was launched on 26-08-2014. Its benchmark is S&P Japan 500 TRI. At the end of September 2026 it held 30 securities.
Fund Manager
Kinjal Desai
Fund manager of Nippon India Japan Equity Fund, since 01-05-2018
Frequently Asked Questions for Nippon India Japan Equity Fund
What is the current NAV of Nippon India Japan Equity Fund?
The Direct plan NAV is ₹31.0584. The Regular plan NAV is ₹27.4082, as on 30-10-2026.
What are the returns of Nippon India Japan Equity Fund?
The Direct plan returned +24.78% in 1 year, +23.88% a year over 3 years, +10.52% a year over 5 years. The Regular plan returned +23.35% in 1 year, +22.43% a year over 3 years, +9.15% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Nippon India Japan Equity Fund?
The Direct plan charges 1.37% a year. The Regular plan charges 2.50% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of Nippon India Japan Equity Fund?
Nippon India Japan Equity Fund managed ₹357.70 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Nippon India Japan Equity Fund?
At the end of September 2026 the largest holdings were SoftBank Group Corp (3.91%), Tokyo Electron Ltd (3.33%), Sumitomo Elec Indust (3.23%), SMC Corp (3.21%), Tokio Marine Holdings Inc (3.12%). The fund held 30 securities in all.
What did Nippon India Japan Equity Fund buy and sell in September 2026?
It added shares in 15. It reduced 15.
How do I invest in Nippon India Japan Equity Fund?
Through Nippon India Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least 5000; Note - Lumpsum subscription under the Scheme is suspended temporarily with effect from February 26, 2024. You can invest once or through a monthly SIP.
Who is the fund manager of Nippon India Japan Equity Fund?
Kinjal Desai (since 01-05-2018).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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