Nippon India ELSS Tax Saver Fund
Nippon India Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
The fund maintains a pronounced tilt toward financial services, with banking alone commanding nearly 22 percent of the portfolio, signaling conviction in India's credit growth and deposit dynamics. The manager recently trimmed IT exposure by exiting LTIMindtree while initiating positions in TCS and Adani Ports, suggesting a pivot toward infrastructure plays and large-cap tech stability. This recalibration, combined with modest cash reserves, indicates the manager is selectively hunting for value amid a backdrop favoring cyclicals and defensive sectors.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹126.2763 | +0.33% | -3.24% | -4.45% | +1.67% | +15.93% | +14.90% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
62
Top 5 Weight
25.06%
Top 10 Weight
40.26%
Active Share
—
Large Cap
62.98%
Gini
0.391
What Changed2026-03-31 → 2026-04-30
Holdings: 65 → 65+3 added−3 removed28 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Adani Ports and Special Economic Zone Limited | 0.90% |
| Tata Consultancy Services Limited | 0.67% |
| Cash Margin - CCIL | 0.01% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 7.11% |
| 2 | HDFC Bank Limited INE040A01034 | 6.39% |
| 3 | Axis Bank Limited INE238A01034 | 4.22% |
| 4 | NTPC Limited INE733E01010 | 3.79% |
| 5 | State Bank of India INE062A01020 | 3.55% |
| 6 | Reliance Industries Limited INE002A01018 | 3.30% |
| 7 | Samvardhana Motherson International Limited INE775A01035 | 3.15% |
| 8 | Infosys Limited INE009A01021 | 3.05% |
| 9 | Bharti Airtel Limited INE397D01024 | 2.93% |
| 10 | Power Finance Corporation Limited INE134E01011 | 2.77% |
| 11 | TVS Holdings Limited INE105A01035 | 2.57% |
| 12 | Radico Khaitan Limited INE944F01028 | 2.32% |
| 13 | Coal India Limited INE522F01014 | 2.22% |
| 14 | Eternal Limited INE758T01015 | 2.01% |
| 15 | Avenue Supermarts Limited INE192R01011 | 1.77% |
| 16 | Triparty Repo | 1.76% |
| 17 | KSB Limited INE999A01023 | 1.76% |
| 18 | GE Vernova T&D India Limited INE200A01026 | 1.74% |
| 19 | Divi's Laboratories Limited INE361B01024 | 1.63% |
| 20 | Tata Power Company Limited INE245A01021 | 1.60% |
Sector Allocation
Banks21.8%
Finance9.2%
Power7.3%
Beverages6.1%
Pharmaceuticals & Biotechnology4.6%
Auto Components4.5%
Retailing4.4%
Insurance3.8%
IT - Software3.7%
Telecom - Services3.7%
Top 10 sectors by % to NAV. Excludes derivatives.