• 1 Year Returns: 2.90%

• Auto Parts | 10.29%
• Retail - Online | 9.85%
• Retail - Speciality | 7.87%
• IT Services & Consulting | 7.74%
• Electrical Components & Equipments | 6.84%

• Info Edge (India) Ltd | 5.95%
• Bajaj Finserv Ltd | 4.07%
• Avenue Supermarts Ltd | 3.98%
• Trent Ltd | 3.89%
• Samvardhana Motherson International Ltd | 3.82%

• Equity | 97.97%
• Cash & Equivalents | 2.03%

The alpha ratio for the Nippon India Innovation Fund-Reg(IDCW) is 12.25

Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

The volatility or standard deviation for the Nippon India Innovation Fund-Reg(IDCW) is 14.30

Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

The Sharpe ratio for the Nippon India Innovation Fund-Reg(IDCW) is -0.01

The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

The Sortino Ratio for the Nippon India Innovation Fund-Reg(IDCW) is -0.00

The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.