Nippon India MNC Fund
Direct · GrowthAI Summary
Nippon India MNC Fund delivered a 1Y SIP XIRR of 7.04%, well below the category average SIP XIRR of 14.1%. However, on a lump-sum basis it has consistently outperformed the NIFTY 50 across all periods, with a 1Y Fund CAGR of 10.11% versus -2.9% for the benchmark and positive alpha at every horizon up to 12Y. Calendar year returns of 10.25% in 2025 and 2.1% in 2026 YTD show modest but positive recent performance.
The fund exhibits strong downside resilience with a downside capture of 71.84% versus an upside capture of 89.68%, meaning it loses less than the NIFTY 50 in falling markets. Risk-adjusted returns are solid, evidenced by a 1Y Calmar Ratio of 0.9776, a shallow maximum drawdown of -0.13%, and only one drawdown event exceeding 10%. Beta of 0.85 confirms lower volatility than the broad market.
The 34-stock portfolio is led by Cummins India (7.56%), Nestle India (7.23%), and Maruti Suzuki (7.07%), with the top 10 holdings comprising roughly 55% of NAV. Sector concentration is moderate, with Food Products (14.0%) and Automobiles (12.0%) as the largest exposures, followed by Pharma (9.9%) and IT (7.6%). The portfolio skews toward defensive consumer and MNC-linked businesses, consistent with the fund's mandate.
The fund's 1Y SIP XIRR of 7.04% trails the category average of 14.1% by a wide margin, indicating underperformance versus sectoral/thematic peers on SIP returns. However, its long-term lump-sum CAGR remains positive across all horizons while the NIFTY 50 CAGR is negative, and alpha stays positive up to 12Y. This suggests the fund is a defensive performer rather than a high-beta category leader.
This fund suits conservative investors seeking defensive, MNC-focused equity exposure with lower downside capture and steady long-term compounding rather than aggressive thematic returns. A horizon of 5-7 years or more is appropriate given the modest recent SIP returns and the need to ride out sector cycles. Investors should be comfortable with sectoral/thematic concentration risk and a TER of 1.17%.
- Consistent positive alpha versus NIFTY 50 across horizons from 1Y to 12Y, with 1Y alpha of 11.63%
- Superior downside protection with downside capture of 71.84% and only one drawdown event above 10%
- Diversified 34-stock portfolio anchored in quality MNC franchises like Nestle, Maruti Suzuki, and Cummins India
- 1Y SIP XIRR of 7.04% significantly lags the category average of 14.1%, indicating weak recent SIP performance versus peers
- Long-term lump-sum CAGRs are modest (5Y: 2.51%, 10Y: 1.25%) and alpha turns marginally negative at 15Y (-0.0678%)
Generated on 08-09-2026, 3:04 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 | ₹12.32 L | 7.0% | 0.3% | 14.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 7.0% | 14.4% | 14.1% | -7.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 12.8% | 13.2% | 10.1% | 15.4% | 3.98 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +11.63 | 0.85 | 89.7% | 71.8% | 10.1% | -2.9% |
| 3 Years | +3.80 | 0.84 | 88.3% | 70.0% | 4.2% | -0.7% |
| 5 Years | +1.86 | 0.84 | 88.3% | 70.0% | 2.5% | -0.4% |
| 7 Years | +1.03 | 0.84 | 88.3% | 70.0% | 1.8% | -0.3% |
| 10 Years | +0.42 | 0.84 | 88.3% | 70.0% | 1.3% | -0.2% |
| 12 Years | +0.18 | 0.84 | 88.3% | 70.0% | 1.0% | -0.2% |
| 15 Years | -0.07 | 0.84 | 88.3% | 70.0% | 0.8% | -0.1% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Nestle India Limited | 7.22% |
| 2 | Cummins India Limited | 7.05% |
| 3 | Maruti Suzuki India Limited | 6.78% |
| 4 | Britannia Industries Limited | 6.57% |
| 5 | Hyundai Motor India Ltd | 5.07% |
| 6 | Hindustan Unilever Limited | 4.75% |
| 7 | Sai Life Sciences Limited | 4.19% |
| 8 | Fortis Healthcare Limited | 4.06% |
| 9 | Kansai Nerolac Paints Limited | 3.97% |
| 10 | Infosys Limited | 3.91% |