Nippon India MNC Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Nippon India MNC Fund is a Thematic fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹401 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −8.5% and its Regular plan returned −9.6%. Its benchmark, Nifty MNC TRI, returned −5.0% over the same year.

NAV (Direct plan): ₹9.88; ▼ 0.04%30-10-2026
NAV (Regular plan): ₹9.72; ▼ 0.05%30-10-2026
Expense ratio: 1.31%Direct2.53%Regular; 1.31%; A year
Riskometer: Very High; Set by the fund house
1 year return: −8.5%Direct−9.6%Regular; −8.5%; Total

Nippon India MNC Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹9.88 (down 0.04% that day); Regular Plan Growth ₹9.72 (down 0.05% that day).

This fund (Direct plan)

₹9.8804

Nippon India MNC Fund Returns vs Nifty MNC TRI

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)	−3.47%	−10.26%	−5.95%	−8.47%	--	--	--
This fund (Regular)	−3.56%	−10.53%	−6.51%	−9.59%	--	--	--
Nifty MNC TRI	−6.23%	−13.12%	−10.13%	−4.98%	+10.78%	+9.64%	+12.13%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	163/235	226/232	195/232	164/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Nippon India MNC Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty MNC TRI
2026to date	−9.17%	−10.08%	−5.92%

Nippon India MNC 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 1-year holding period, plotted on the day it ended. There are 65 periods, one for each trading day from 27-07-2026 to 30-10-2026.

−20%−10%0%10%20%30%

Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026

Nippon India MNC Fund (Direct)Nifty MNC TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	65	2.7%	−10.3%	15.4%	46%	7.6%	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 benchmark" counts the periods in which the fund did better than Nifty MNC TRI over the same days. Past returns do not promise future returns.

Nippon India MNC Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Nippon India MNC Fund (Direct)This fund	Nifty MNC TRI
Return (CAGR)	−8.47%	−4.98%
Standard deviation	13.44%	15.40%
Sharpe ratio	-1.02	-0.66
Sortino ratio	-1.33	-0.87
Maximum drawdown	−15.0% (23-10-2026)	−17.9% (23-10-2026)
Beta	0.82	1.00
Alpha	−5.32%	0.00%

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. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Nippon India MNC Fund (Direct)This fund	Nifty MNC TRI
Return (CAGR)	+0.11%	+0.96%
Standard deviation	12.62%	14.36%
Sharpe ratio	-0.41	-0.30
Sortino ratio	-0.55	-0.40
Maximum drawdown	−15.0% (23-10-2026)	−17.9% (23-10-2026)
Beta	0.82	1.00
Alpha	−1.61%	0.00%

From daily NAVs, 25-07-2025 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. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−20%−15%−10%−5%0%

2026

Nippon India MNC Fund (Direct)Nifty MNC TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Nippon India MNC Fund (Direct)	−15.0%	10-08-2026	23-10-2026	Not yet	--	−12.9%
Nifty MNC TRI	−17.9%	10-08-2026	23-10-2026	Not yet	--	−16.0%

From the Direct plan's daily NAV since 25-07-2025, adjusted for unit splits, and Nifty MNC TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Nippon India MNC Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Nippon India MNC Fund	164/215	401	1.31%	−8.47%	--	--	--	--	--

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 MNC 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	1.02%	0.04%	0.00%	0.25%	1.31%	1.18%	151/235
Regular	2.10%	0.04%	0.00%	0.39%	2.53%	2.41%	144/235

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	−9.59%	−8.47%	1.12%	₹90,410	₹91,530

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 MNC 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 25-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planNippon India MNC Fund (Direct)	₹1,60,000	₹1,50,795	−₹9,205	−8.2%
Regular planNippon India MNC Fund (Regular)	₹1,60,000	₹1,49,495	−₹10,505	−9.4%
Nifty MNC TRI	₹1,60,000	₹1,50,205	−₹9,795	−8.7%
Category averageCategory average, 235 Thematic funds	₹1,60,000	₹1,60,453	₹453	0.4%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L

2026

Direct planNippon India MNC Fund (Direct)Regular planNippon India MNC Fund (Regular)Nifty MNC TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI 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 MNC Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

98.1%Equity

Asset	Fund	Category
Equity	98.1%	94.5%
Cash and others	1.9%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	54.0%	45.7%
Mid Cap	28.4%	19.6%
Small Cap	15.8%	24.1%

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 MNC Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Food Products13.4%
Automobiles11.7%
Pharmaceuticals & Biotechnology10.5%
IT - Software7.6%
Auto Components7.3%
Industrial Products7.1%
Consumer Durables5.7%
Diversified FMCG4.9%
Healthcare Services4.2%
Beverages3.8%

The ten largest of 22 sectors. The other 12 add up to 21.8%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Food Products	14.0%	13.8%	13.4%	−0.6%
Automobiles	12.0%	11.8%	11.7%	−0.3%
Pharmaceuticals & Biotechnology	9.9%	10.4%	10.5%	+0.6%
IT - Software	7.6%	8.0%	7.6%	0.0%
Auto Components	6.7%	7.1%	7.3%	+0.6%

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 MNC Fund Portfolio Holdings

As on 30-09-2026 · 38 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Cummins India Limited	Industrial Products	7.14%	0.0%
Nestle India Limited	Food Products	6.86%	0.0%
Britannia Industries Limited	Food Products	6.57%	0.0%
Hyundai Motor India Ltd	Automobiles	6.08%	+20.0%
Maruti Suzuki India Limited	Automobiles	5.61%	−13.8%
Hindustan Unilever Limited	Diversified FMCG	4.92%	0.0%
Kansai Nerolac Paints Limited	Consumer Durables	3.98%	0.0%
Samvardhana Motherson International Limited	Auto Components	3.87%	0.0%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	3.80%	−20.0%
Fortis Healthcare Limited	Healthcare Services	3.75%	0.0%
Infosys Limited	IT - Software	3.72%	0.0%
LTM Limited	IT - Software	3.03%	0.0%
Escorts Kubota Limited	Agricultural, Commercial & Construction Vehicles	2.95%	0.0%
Vedanta Aluminium Metal Limited	Non - Ferrous Metals	2.78%	0.0%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	2.77%	0.0%
TBO Tek Limited	Leisure Services	2.69%	0.0%
Schaeffler India Limited	Auto Components	2.48%	0.0%
United Spirits Limited	Beverages	2.37%	0.0%
Siemens Energy India Limited	Electrical Equipment	2.32%	0.0%
Lupin Limited	Pharmaceuticals & Biotechnology	2.28%	0.0%
Gujarat Fluorochemicals Limited	Chemicals & Petrochemicals	2.04%	0.0%
3M India Limited	Diversified	1.82%	0.0%
Vedanta Limited	Diversified Metals	1.75%	0.0%
Divi's Laboratories Limited	Pharmaceuticals & Biotechnology	1.62%	0.0%
United Breweries Limited	Beverages	1.45%	0.0%
Whirlpool of India Limited	Consumer Durables	1.22%	New
Cyient Limited	IT - Services	1.06%	0.0%
Procter & Gamble Hygiene and Health Care Limited	Personal Products	1.02%	New
Kaynes Technology India Limited	Industrial Manufacturing	0.96%	0.0%
eClerx Services Limited	Commercial Services & Supplies	0.91%	0.0%
Coforge Limited	IT - Software	0.87%	0.0%
Colgate Palmolive (India) Limited	Personal Products	0.84%	0.0%
Gokaldas Exports Limited	Textiles & Apparels	0.69%	0.0%
Bharat Forge Limited	Auto Components	0.62%	0.0%
LG Electronics India Ltd	Consumer Durables	0.47%	0.0%
Syngene International Limited	Healthcare Services	0.46%	0.0%
Balkrishna Industries Limited	Auto Components	0.36%	0.0%
Sanofi Consumer Healthcare India Limited	Pharmaceuticals & Biotechnology	0.00%	0.0%

Nippon India MNC Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Maruti Suzuki India Limited	Reduced	−13.8%	5.61%
Hyundai Motor India Ltd	Added	+20.0%	6.08%
Sai Life Sciences Limited	Reduced	−20.0%	3.80%
Whirlpool of India Limited	New	New	1.22%
Procter & Gamble Hygiene and Health Care Limited	New	New	1.02%

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.

What Nippon India MNC Fund bought and sold

Nippon India MNC Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Kotak Nifty MNC ETFETF · Kotak Mahindra	45.0%	15	Compare
Motilal Oswal Nifty MNC ETFETF · Motilal Oswal	45.0%	15	Compare
HDFC MNC FundThematic · HDFC	40.2%	15	Compare
Aditya Birla Sun Life MNC FundThematic · Aditya Birla Sun Life	39.8%	20	Compare
ICICI Prudential MNC FundThematic · ICICI Prudential	38.7%	15	Compare
UTI - MNC FundThematic · UTI	32.1%	18	Compare
Kotak MNC FundThematic · Kotak Mahindra	31.1%	13	Compare
HDFC Nifty100 Quality 30 ETFETF · HDFC	29.8%	9	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Nippon India MNC Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.31%
Expense ratio (Regular): 2.53%
Category: Thematic
Risk: Very High
Benchmark: Nifty MNC TRI
Launch date: 22-07-2025
Minimum investment: ₹500
Minimum additional investment: ₹100
AUM: ₹400.73 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153693
ISIN (Direct): INF204KC1FR7
Scheme code (Regular): 153691
ISIN (Regular): INF204KC1FO4
NAV history: From 25-07-2025, 1.3 years

Exit load: Exit load of 1%, if redeemed within 1 year.

Tax on Nippon India MNC Fund returns

Nippon India MNC Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
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	Growth	₹9.8804	30-10-2026
direct	IDCW	₹9.8804	30-10-2026
regular	Growth	₹9.7231	30-10-2026
regular	IDCW	₹9.7231	30-10-2026

About Nippon India MNC Fund

Nippon India MNC Fund is a mutual fund from Nippon India Mutual Fund. Its category is Thematic. It was launched on 22-07-2025. Its benchmark is Nifty MNC TRI. At the end of September 2026 it held 38 securities.

Fund Manager

Dhrumil Shah
Fund manager of Nippon India MNC Fund, since 22-07-2025

See all funds of Nippon India Mutual Fund

AUM change

September 2026: ₹400.73 Cr; −7.94% from August 2026
August 2026: ₹435.28 Cr; −0.77% from July 2026
July 2026: ₹438.65 Cr; +2.94% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Nippon India MNC Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Nippon India MNC vs Nippon India Taiwan EquityThematic
Nippon India MNC vs HDFC DefenceThematic
Nippon India MNC vs HDFC Pharma and HealthcareThematic
Nippon India MNC vs SBI Healthcare OpportunitiesThematic
Nippon India MNC vs Aditya Birla Sun Life International EquityThematic
Nippon India MNC vs Kotak Nifty MNC ETF45.0% overlap
Nippon India MNC vs Motilal Oswal Nifty MNC ETF45.0% overlap
Nippon India MNC vs HDFC MNC40.2% overlap

Compare with any other fund

Frequently Asked Questions for Nippon India MNC Fund

What is the current NAV of Nippon India MNC Fund?

The Direct plan NAV is ₹9.8804. The Regular plan NAV is ₹9.7231, as on 30-10-2026.

What are the returns of Nippon India MNC Fund?

The Direct plan returned −8.47% in 1 year. The Regular plan returned −9.59% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Nippon India MNC Fund?

The Direct plan charges 1.31% a year. The Regular plan charges 2.53% 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 MNC Fund?

Nippon India MNC Fund managed ₹400.73 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Nippon India MNC Fund?

At the end of September 2026 the largest holdings were CUMMINSIND (7.14%), NESTLEIND (6.86%), BRITANNIA (6.57%), HYUNDAI (6.08%), MARUTI (5.61%). The fund held 38 securities in all.

What did Nippon India MNC Fund buy and sell in September 2026?

It bought 2 new stocks: Procter & Gamble Hygiene and Health Care Limited, Whirlpool of India Limited. It added shares in 1. It reduced 2.

How do I invest in Nippon India MNC 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 ₹500. You can invest once or through a monthly SIP.

Who is the fund manager of Nippon India MNC Fund?

Dhrumil Shah (since 22-07-2025).

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.