📊 Value/Contra Fund · Deep Analysis

Nippon India Value FundGrowth Plan

Nippon India Mutual Fund · Direct Growth · SEBI Category: Value/Contra

Current NAV ₹240.1259 (+0.13% today) As of 04 Jun 2026
1 Year Return -0.9%
3 Year CAGR +18.9% p.a.
5 Year CAGR +16.5% p.a.
AAUM ₹8.7K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 2,566 daily NAV records
Fund Overview

Nippon India Value FundGrowth Plan — Quick Summary

Nippon India Value Fund brings Nippon Life Insurance of Japan's long-term investment perspective to value investing in Indian equity markets. The fund identifies businesses that are genuinely undervalued — not just cheap — by conducting fundamental research beyond simple valuation screens. The distinction between value traps and genuine value opportunities is central to the fund's stock selection process.

The fund maintains a diversified value portfolio across market caps — large, mid and small cap companies that meet the fund's value criteria. This diversification within the value style reduces concentration risk compared to more concentrated value funds. Meenakshi Dawar's research-intensive approach ensures each position is supported by fundamental analysis rather than purely mechanical valuation screens.

Fund House
Nippon India Mutual Fund
SEBI Category
Value/Contra
Benchmark
Nifty 500 Value 50 TRI
Fund Manager
Meenakshi Dawar
AMFI Code
118784
Risk Level
Very High
NAV Records in DB
2,566 days
Quarterly Average AUM · Jan–Mar 2026
₹8.7K Cr
↓ Decreased by 2.8% vs Oct–Dec 2025 · ₹8.9K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
📊
✓ Suitable For
Long-term investors with 7+ year horizon comfortable with value investing cycles. Investors who want research-backed value investing in their portfolio. Those seeking style diversification — value exposure alongside growth-oriented equity funds.
Research-driven value identification beyond simple valuation screens. Nippon Life's patient, long-term investment capital perspective. Diversified value portfolio across market caps reduces concentration risk. Fundamental research supports each value position.
✗ Not Suitable For
Investors needing short-term consistent performance. Those who cannot hold through extended value underperformance periods. Investors with horizons under 5 years who need equity market participation to be more predictable.
Who Runs This Fund

Fund Manager

MD
Meenakshi Dawar
Nippon India Mutual Fund · Managing since June 2018

Meenakshi Dawar is Fund Manager at Nippon India Mutual Fund and manages Nippon India Value Fund. She applies a research-driven value framework to identify stocks trading below intrinsic value — focusing on businesses with strong fundamentals that are temporarily undervalued due to sector headwinds, short-term earnings disappointments or market sentiment. Her patient approach aligns well with the long-term nature of value investing.

For current co-manager details and full biography, refer to the latest Nippon India Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view — not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 118784
The official AMFI scheme code for Nippon India Value FundGrowth Plan Direct Growth is 118784. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
Nippon India MF was previously Reliance Mutual Fund. The 2019 rebrand means long-term historical performance data for this scheme pre-2019 was generated under Reliance MF branding. Factor this context when evaluating the long-term track record.
Investment Objective
As per Scheme Information Document
The primary investment objective of the scheme is to generate returns through a combination of dividend income and capital appreciation by investing primarily in equity and equity related instruments through a value investment strategy.
All Data Below — From RightAdvise Database
Category Comparison

Top 5 Value & Contra Funds Compared

Live data. Current fund highlighted. Click any fund name for full analysis.

FundNAVAAUM1Y Return 3Y CAGR 5Y CAGR Sharpe (3Y)
ICICI Prudential Value Discovery Fund ₹497.53 ₹58.9K Cr Jan–Mar 2026 -1.5% +16.7% p.a. +17.1% p.a. 1.00
SBI Contra Fund ₹405.05 ₹46.9K Cr Jan–Mar 2026 -1.4% +15.7% p.a. +17.9% p.a. 0.80
HSBC Value Fund ₹124.85 ₹14.0K Cr Jan–Mar 2026 +3.4% +20.8% p.a. 0.98
Nippon India Value Fund ▲ ₹240.13 ₹8.7K Cr Jan–Mar 2026 -0.9% +18.9% p.a. +16.5% p.a. 0.94
UTI Value Fund ₹175.37 ₹7.9K Cr Jan–Mar 2026 -2.1% +15.3% p.a. +13.3% p.a. 0.81
Best value in each column shown in green. AAUM from latest AMFI quarterly filing. Returns calculated from daily NAV history.
Performance

Fund Returns

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)

1 MonthPoint-to-point
-2.0%
3 MonthPoint-to-point
-2.5%
6 MonthPoint-to-point
-5.8%
1 YearPoint-to-point
-0.9%
3 YearCAGR
+18.9% p.a.
5 YearCAGR
+16.5% p.a.
10 YearCAGR
+16.5% p.a.
₹1 Lakh → 5YLump sum growth
₹209,538

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+98.7%
Mar 2020 – Mar 2021
Worst 1Y WindowSimple return
-32.4%
Mar 2019 – Mar 2020
Best 3Y CAGRCAGR p.a.
+38.1% p.a.
Mar 2020 – Apr 2023
Worst 3Y CAGRCAGR p.a.
-5.5% p.a.
Feb 2017 – Mar 2020

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
+4.9%
2024
+23.2%
2023
+43.4%
2022
+5.5%
2021
+40.3%
2020
+17.1%
2019
+6.4%
2018
-7.8%
2017
+46.9%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →

1Y Rolling Avg
20.3%
Positive in 85% of windows
Best: 98.7% · Worst: -32.4%
3Y Rolling Avg
18.6% p.a.
Positive in 97% of windows
Best: 38.1% · Worst: -5.5%
5Y Rolling Avg
19.9% p.a.
Positive in 100% of windows
Best: 35.9% · Worst: 9.8%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-38.6%
Jan 2018 → Mar 2020
Recovered: Nov 2020 (11 mos)
Current from Peak
-7.3%
All-time Peak: ₹259.88
Peak date: Sep 2024

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-17.4%
Sep 27, 2024 – Apr 7, 2025
Recovered: not yet
COVID-19 Crash
-37.2%
Feb 19 – Mar 23, 2020
Recovered: Nov 2020 (11 mos)
2022 Rate Hike Cycle
-17.0%
Jan 17 – Jun 17, 2022
Recovered: Sep 2022 (4 mos)
2018 IL&FS Crisis
-15.4%
Aug 28 – Oct 26, 2018
Recovered: May 2019 (11 mos)
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
0.94
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
1.29
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
15.0%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
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Want to see what Nippon India Value FundGrowth Plan is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.

Full current portfolio — all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Value/Contra Funds

See how Nippon India Value FundGrowth Plan ranks against other Value/Contra funds on returns, drawdown, Sharpe ratio and AAUM — side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.