Nippon India Japan Equity Fund
Direct · GrowthAI Summary
Nippon India Japan Equity Fund posted a strong 1Y SIP XIRR of 22.58%, well above the thematic category average of 11.58%. However, longer-term SIP XIRR lags the category across all horizons from 3Y onwards — 12.91% over 3Y versus 16.33%, and 10.28% over 10Y versus 17.49%. Calendar year returns have been volatile, ranging from -15.53% in 2022 to 24.06% in 2019, with recent years (2023-2026) consistently positive.
The fund has experienced 6 drawdown events exceeding 10%, reflecting meaningful downside risk typical of a single-country thematic fund. The maximum drawdown of around -0.30% as recorded took 402 days to unfold and 500 days to recover, indicating a prolonged recovery cycle. Calmar ratios between roughly 0.28 and 0.35 across horizons suggest modest risk-adjusted efficiency relative to the depth of its worst losses.
The data provided does not include current holdings or sector allocation details, so specific top holdings cannot be assessed. As a Japan equity thematic fund, its geographic concentration in a single overseas market means portfolio outcomes depend heavily on Japanese macro conditions and currency movements rather than domestic Indian factors. Investors should review the latest factsheet for actual stock and sector exposures.
Against thematic category peers on a like-for-like SIP XIRR basis, the fund leads over 1Y (22.58% vs 11.58%) but trails meaningfully over 3Y, 5Y, 7Y, 10Y, and 12Y, with gaps of roughly 3 to 7 percentage points. This pattern indicates strong recent momentum but inconsistent long-term competitive performance. The 12Y XIRR of 12.42% versus the category's 16.99% highlights the long-term underperformance gap.
This fund suits investors seeking diversified international exposure with a satellite allocation, not a core holding, given its single-market thematic risk. A time horizon of at least 7 to 10 years is appropriate, as the fund's own history shows multi-year stretches of negative or weak returns (2014-2016 and 2022). It is suited to investors with high risk tolerance who can withstand significant drawdowns and currency-driven volatility.
- Strong recent performance with 1Y SIP XIRR of 22.58%, nearly double the category average of 11.58%
- Consistently positive calendar year returns from 2023 through 2026, including 21.25% in 2026 and 12.67% in 2024
- Competitive expense ratio of 1.22% for an international thematic offering in Direct-Growth option
- Persistent long-term SIP XIRR underperformance versus category, trailing by as much as 7.21 percentage points over 10Y (10.28% vs 17.49%) and 6.71 points over 12Y
- High drawdown risk with 6 events exceeding 10% and a slow recovery profile — a max drawdown lasting 402 days took 500 days to fully recover, typical of concentrated single-country exposure
Generated on 02-11-2026, 3:33 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.66 L | 11.2% | -34.2% | 50.2% |
| 3 Years | ₹36.00 L | ₹41.45 L | 10.2% | -9.1% | 28.1% |
| 5 Years | ₹60.00 L | ₹74.71 L | 9.3% | -2.0% | 21.2% |
| 7 Years | ₹84.00 L | ₹1.13 Cr | 8.9% | 1.4% | 16.7% |
| 10 Years | ₹1.20 Cr | ₹2.00 Cr | 10.2% | 5.6% | 14.0% |
| 12 Years | ₹1.44 Cr | ₹3.12 Cr | 12.3% | 11.6% | 12.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 11.2% | 11.6% |
| 3 Years | 10.2% | 16.3% |
| 5 Years | 9.3% | 16.8% |
| 7 Years | 8.9% | 16.7% |
| 10 Years | 10.2% | 17.5% |
| 12 Years | 12.3% | 17.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 10.5% | 12.0% | -26.9% | 58.7% | 0.30 | 0.51 | 79% | — | — |
| 3 Years | 9.1% | 8.4% | -0.4% | 24.8% | 0.49 | 1.47 | 100% | — | — |
| 5 Years | 8.4% | 8.6% | 1.3% | 13.9% | 0.75 | 2.06 | 100% | — | — |
| 10 Years | 9.1% | 8.6% | 5.7% | 12.1% | 1.50 | 57.23 | 100% | — | — |