Nippon India Large Cap Fund
The fund remains heavily weighted toward banking majors, which collectively represent a quarter of assets, signaling conviction in financial sector resilience. Notable this month is a strategic pivot toward power and metals through fresh positions in Vedanta subsidiaries and renewable infrastructure play GE Vernova, suggesting the manager is rotating toward energy transition themes while trimming exposure to cyclical sectors like cement and aviation. The modest 3.6% cash position and concentrated top-10 holding of 43.6% reflect a confident, stock-picker approach with limited defensive flexibility.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹87.3185 | -1.92% | -1.97% | +14.59% | +16.36% |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive 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 |
|---|---|
| United Spirits Limited | 0.22% |
| Vedanta Aluminium Metal Limited** | 0.40% |
| Talwandi Sabo Power Limited** | 0.04% |
| Malco Energy Limited** | 0.04% |
| Vedanta Iron And Steel Limited** | 0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 9.24% |
| 2 | ICICI Bank Limited INE090A01021 | 7.99% |
| 3 | Reliance Industries Limited INE002A01018 | 4.30% |
| 4 | Axis Bank Limited INE238A01034 | 3.83% |
| 5 | Bajaj Finance Limited INE296A01032 | 3.63% |
| 6 | Larsen & Toubro Limited INE018A01030 | 3.42% |
| 7 | GE Vernova T&D India Limited INE200A01026 | 2.90% |
| 8 | Infosys Limited INE009A01021 | 2.77% |
| 9 | Net Current Assets | 2.75% |
| 10 | ITC Limited INE154A01025 | 2.74% |
| 11 | Hindustan Unilever Limited INE030A01027 | 2.61% |
| 12 | Avenue Supermarts Limited INE192R01011 | 2.48% |
| 13 | Maruti Suzuki India Limited INE585B01010 | 2.47% |
| 14 | State Bank of India INE062A01020 | 2.39% |
| 15 | Tata Consultancy Services Limited INE467B01029 | 2.39% |
| 16 | Mahindra & Mahindra Limited INE101A01026 | 2.39% |
| 17 | NTPC Limited INE733E01010 | 2.16% |
| 18 | Sun Pharmaceutical Industries Limited INE044A01036 | 2.13% |
| 19 | Tata Power Company Limited INE245A01021 | 1.94% |
| 20 | Kotak Mahindra Bank Limited INE237A01036 | 1.49% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Nippon India Large Cap Fund hold?
Nippon India Large Cap Fund holds 64 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 28.99% of NAV.
What is the largest holding in Nippon India Large Cap Fund?
The largest position in Nippon India Large Cap Fund is HDFC Bank Limited, accounting for 9.24% of NAV in the Banks sector.
Is Nippon India Large Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.477, Nippon India Large Cap Fund is moderately concentrated. The HHI concentration index is 31,257 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 28.99% of the portfolio.
What is the market cap allocation of Nippon India Large Cap Fund?
Based on SEBI's AMFI classification, Nippon India Large Cap Fund's equity portfolio is split as: Large Cap: 79.18%, Mid Cap: 12.64%, Small Cap: 2.61%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Nippon India Large Cap Fund invest in most?
Nippon India Large Cap Fund has the highest allocation to Banks (24.94%), Pharmaceuticals & Biotechnology (7.44%), IT - Software (6.71%). The fund is invested across 25 sectors in total.
How actively managed is Nippon India Large Cap Fund compared to other Large Cap Fund funds?
Nippon India Large Cap Fund has an Active Share of 40.24%, classifying it as "Balanced Approach" among 33 Large Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Nippon India Large Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Nippon India Large Cap Fund added 5 new stocks (including United Spirits Limited) and exited 8 stocks (including UltraTech Cement Limited). Total holding count decreased from 70 to 67 stocks.