Nippon India Focused Fund
The fund maintains a heavily concentrated bet on financial services, with banks alone commanding nearly a quarter of assets, signaling conviction in lending cycle strength and deposit dynamics. The manager has rotated away from energy and diversified consumption plays toward defensive positioning via increased cash and repo holdings, while initiating positions in newer-economy names like Swiggy—suggesting a selective tilt toward higher-growth segments within an otherwise conservative framework. The focused 33-stock portfolio leaves limited room for error, making sector conviction rather than stock picking the dominant return driver.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹117.0263 | +0.77% | -4.52% | -5.74% | +0.02% | +12.91% | +12.94% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Swiggy Limited | 2.07% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 8.64% |
| 2 | Axis Bank Limited INE238A01034 | 6.94% |
| 3 | HDFC Bank Limited INE040A01034 | 5.44% |
| 4 | Infosys Limited INE009A01021 | 4.85% |
| 5 | Hindustan Aeronautics Limited INE066F01020 | 4.35% |
| 6 | Eternal Limited INE758T01015 | 4.22% |
| 7 | Varun Beverages Limited INE200M01039 | 4.01% |
| 8 | Triparty Repo | 3.83% |
| 9 | Siemens Energy India Limited INE1NPP01017 | 3.74% |
| 10 | Bajaj Finserv Limited INE918I01026 | 3.56% |
| 11 | Trent Limited INE849A01020 | 3.55% |
| 12 | SBI Cards and Payment Services Limited INE018E01016 | 3.46% |
| 13 | Reliance Industries Limited INE002A01018 | 3.35% |
| 14 | Syngene International Limited INE398R01022 | 3.22% |
| 15 | State Bank of India INE062A01020 | 3.16% |
| 16 | FSN E-Commerce Ventures Limited INE388Y01029 | 3.03% |
| 17 | NTPC Limited INE733E01010 | 2.87% |
| 18 | Samvardhana Motherson International Limited INE775A01035 | 2.81% |
| 19 | 3M India Limited INE470A01017 | 2.58% |
| 20 | Biocon Limited INE376G01013 | 2.50% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.