Nippon India Equity Savings Fund
The fund maintains a defensive hybrid posture with heavy banking concentration (25%) anchoring equity exposure, while government securities and repo instruments cushion downside. Recent shifts reveal the manager rotating out of capital-intensive plays like L&T toward higher-quality, defensive consumer and financial names, signaling caution on cyclical momentum despite maintaining near-benchmark equity allocation. The elevated cash buffer alongside new entries in retail and power suggests opportunistic positioning for selective bottoming in selective sectors rather than broad market conviction.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹18.0285 | — | — | — | — |
| Direct Growth | ₹18.0285 | — | — | — | — |
| Regular Growth | ₹16.2230 | — | — | — | — |
| Regular Growth | ₹16.2230 | -0.72% | +2.38% | +6.79% | +7.26% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| IndusInd Bank Limited | 1.07% |
| Trent Limited | 0.34% |
| Asian Paints Limited | 0.29% |
| Vedanta Aluminium Metal Limited** | 0.52% |
| Talwandi Sabo Power Limited** | 0.05% |
| Malco Energy Limited** | 0.05% |
| Vedanta Iron And Steel Limited** | 0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 8.45% |
| 2 | HDFC Bank Limited INE040A01034 | 6.72% |
| 3 | ICICI Bank Limited_26/05/2026 | 5.96%(der) |
| 4 | Bharti Airtel Limited INE397D01024 | 5.56% |
| 5 | Mahindra & Mahindra Limited INE101A01026 | 5.24% |
| 6 | Reliance Industries Limited INE002A01018 | 5.15% |
| 7 | HDFC Bank Limited_26/05/2026 | 4.56%(der) |
| 8 | Bharti Airtel Limited_26/05/2026 | 4.48%(der) |
| 9 | 7.32% Government of India IN0020230135 | 4.20% |
| 10 | Mahindra & Mahindra Limited_26/05/2026 | 4.18%(der) |
| 11 | Kotak Mahindra Bank Limited_26/05/2026 | 4.15%(der) |
| 12 | Kotak Mahindra Bank Limited INE237A01036 | 4.12% |
| 13 | Eternal Limited INE758T01015 | 3.95% |
| 14 | Triparty Repo | 3.79% |
| 15 | Eternal Limited_26/05/2026 | 3.42%(der) |
| 16 | Reliance Industries Limited_26/05/2026 | 3.01%(der) |
| 17 | Axis Bank Limited INE238A01034 | 2.85% |
| 18 | Grasim Industries Limited INE047A01021 | 2.61% |
| 19 | 7.26% Government of India IN0020220151 | 2.38% |
| 20 | Grasim Industries Limited_26/05/2026 | 2.17%(der) |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Nippon India Equity Savings Fund hold?
Nippon India Equity Savings Fund holds 76 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 31.12% of NAV.
What is the largest holding in Nippon India Equity Savings Fund?
The largest position in Nippon India Equity Savings Fund is ICICI Bank Limited, accounting for 8.45% of NAV in the Banks sector.
Is Nippon India Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.562, Nippon India Equity Savings Fund is moderately concentrated. The HHI concentration index is 31,410 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 31.12% of the portfolio.
What is the market cap allocation of Nippon India Equity Savings Fund?
Based on SEBI's AMFI classification, Nippon India Equity Savings Fund's equity portfolio is split as: Large Cap: 61.20%, Mid Cap: 4.08%, Small Cap: 0.00%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Nippon India Equity Savings Fund invest in most?
Nippon India Equity Savings Fund has the highest allocation to Banks (25.05%), SOVEREIGN (12.54%), Automobiles (7.21%). The fund is invested across 33 sectors in total.
How actively managed is Nippon India Equity Savings Fund compared to other Equity Savings funds?
Nippon India Equity Savings Fund has an Active Share of 55.89%, classifying it as "Active Stock Picker" among 23 Equity Savings peers. This indicates a moderate level of differentiation from category peers.
What changed in Nippon India Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Nippon India Equity Savings Fund added 7 new stocks (including IndusInd Bank Limited). Total holding count increased from 73 to 80 stocks.