Nippon India Mutual Fund · Direct Growth · SEBI Category: Index/ETF
Nippon India Index Fund — Nifty 50 Plan is managed by Nippon India Mutual Fund (formerly Reliance Mutual Fund) — one of India's largest fund houses. The fund has been operational for over 25 years, giving it one of the longest track records among Nifty 50 index funds. It mechanically replicates the Nifty 50 by holding all 50 constituent stocks in their index weights.
Nippon India's index fund has consistently maintained competitive expense ratios and low tracking error. The fund's large scale and operational efficiency allow it to manage the periodic index rebalancing with minimal drag on performance. Nippon India's technology infrastructure for passive fund management is among the most developed in the industry.
Mehul Dama manages the passive and index fund strategies at Nippon India Mutual Fund including the Nippon India Index Fund Nifty 50 Plan. His primary focus is portfolio replication — maintaining the fund's holdings in exact proportion to the Nifty 50 index constituents and minimising tracking error through efficient cash management and timely rebalancing during index reconstitutions.
For current co-manager details and full biography, refer to the latest Nippon India Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| UTI Nifty 50 Index Fund | ₹163.95 | ₹26.0K Cr Jan–Mar 2026 | -4.2% | +9.2% p.a. | +9.6% p.a. | 0.29 |
| Nippon India Index Fund Nifty 50 ▲ | ₹43.01 | ₹3.1K Cr Jan–Mar 2026 | -4.1% | +9.2% p.a. | +9.6% p.a. | 0.29 |
| SBI Nifty Index Fund | ₹217.88 | ₹11.6K Cr Jan–Mar 2026 | -4.2% | +9.1% p.a. | +9.5% p.a. | 0.26 |
| Kotak Nifty 50 Index Fund | ₹15.48 | ₹1.0K Cr Jan–Mar 2026 | -4.1% | +9.1% p.a. | — | 0.28 |
| Aditya Birla Sun Life Nifty 50 Index Fund | ₹243.31 | ₹1.2K Cr Jan–Mar 2026 | -4.2% | +9.2% p.a. | +9.5% p.a. | 0.29 |
Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Nippon India Index Fund - Nifty 50 PlanGrowth PlanOption ranks against other Index/ETF funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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