Nippon India Flexi Cap Fund
The manager maintains a pronounced financial sector bias, with banks alone representing over a fifth of the portfolio, signaling conviction in India's banking cycle and credit growth narrative. Recent portfolio reshuffling—introducing real estate and housing finance names while trimming Vedanta—suggests a tactical pivot toward domestic consumption and property plays, though the modest cash position leaves limited dry powder for opportunistic moves. This blend of defensive financial anchors with emerging cyclical exposure indicates positioning for sustained economic expansion without abandoning quality anchors.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹16.9837 | — | — | — | — | — | — |
| Regular Growth | ₹15.8947 | +1.27% | -3.72% | -6.24% | -1.07% | +13.14% | — |
| Direct IDCW | ₹16.9837 | — | — | — | — | — | — |
| Regular IDCW | ₹15.8947 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Asian Paints Limited | 0.79% |
| Aptus Value Housing Finance India Limited | 0.63% |
| Brigade Enterprises Limited | 0.38% |
| DLF Limited | 0.35% |
| Vedanta Aluminium Metal Limited** | 1.19% |
| Talwandi Sabo Power Limited** | 0.12% |
| Malco Energy Limited** | 0.12% |
| Vedanta Iron And Steel Limited** | 0.08% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 6.30% |
| 2 | ICICI Bank Limited INE090A01021 | 5.56% |
| 3 | Reliance Industries Limited INE002A01018 | 4.05% |
| 4 | Axis Bank Limited INE238A01034 | 4.00% |
| 5 | Larsen & Toubro Limited INE018A01030 | 2.79% |
| 6 | Bajaj Finance Limited INE296A01032 | 2.58% |
| 7 | Mahindra & Mahindra Limited INE101A01026 | 2.46% |
| 8 | State Bank of India INE062A01020 | 2.19% |
| 9 | Bharti Airtel Limited INE397D01024 | 2.02% |
| 10 | NTPC Limited INE733E01010 | 1.95% |
| 11 | Jindal Steel Limited INE749A01030 | 1.78% |
| 12 | Samvardhana Motherson International Limited INE775A01035 | 1.68% |
| 13 | Mankind Pharma Limited INE634S01028 | 1.66% |
| 14 | Eternal Limited INE758T01015 | 1.58% |
| 15 | Triparty Repo | 1.57% |
| 16 | Kaynes Technology India Limited INE918Z01012 | 1.54% |
| 17 | Siemens Energy India Limited INE1NPP01017 | 1.52% |
| 18 | Hindustan Aeronautics Limited INE066F01020 | 1.49% |
| 19 | Radico Khaitan Limited INE944F01028 | 1.48% |
| 20 | Maruti Suzuki India Limited INE585B01010 | 1.48% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.