Nippon India Vision Large & Mid Cap Fund
The fund maintains a defensive, domestically-focused stance with banking as the dominant sector at over 16 percent, reflecting conviction in financial stability and consumption recovery. Recent rebalancing signals modest profit-taking in heavyweight energy and aviation positions while adding selective exposure to industrials, insurance, and pharma—suggesting the manager is rotating toward quality and diversification rather than pursuing concentrated momentum. The minimal cash position and broad 105-holding structure indicate balanced confidence in the domestic cycle without aggressive bets.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹242.6965 | +1.46% | — | — | — | — | — |
| Regular Growth | ₹1440.9526 | +1.46% | -3.16% | -4.46% | +1.45% | +18.34% | +16.51% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Voltas Limited | 0.74% |
| Hindalco Industries Limited | 0.56% |
| Cipla Limited | 0.44% |
| SBI Life Insurance Company Limited | 0.26% |
| L&T Technology Services Limited | 0.01% |
| Vedanta Aluminium Metal Limited** | 1.00% |
| Talwandi Sabo Power Limited** | 0.10% |
| Malco Energy Limited** | 0.10% |
| Vedanta Iron And Steel Limited** | 0.06% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 4.23% |
| 2 | State Bank of India INE062A01020 | 3.33% |
| 3 | HDFC Bank Limited INE040A01034 | 3.22% |
| 4 | Axis Bank Limited INE238A01034 | 2.69% |
| 5 | Reliance Industries Limited INE002A01018 | 2.63% |
| 6 | Oil & Natural Gas Corporation Limited INE213A01029 | 2.54% |
| 7 | BSE Limited INE118H01025 | 2.29% |
| 8 | NTPC Limited INE733E01010 | 2.14% |
| 9 | Varun Beverages Limited INE200M01039 | 1.89% |
| 10 | Titan Company Limited INE280A01028 | 1.87% |
| 11 | FSN E-Commerce Ventures Limited INE388Y01029 | 1.87% |
| 12 | Astral Limited INE006I01046 | 1.84% |
| 13 | TVS Motor Company Limited INE494B01023 | 1.73% |
| 14 | Fortis Healthcare Limited INE061F01013 | 1.73% |
| 15 | Triparty Repo | 1.67% |
| 16 | Cummins India Limited INE298A01020 | 1.67% |
| 17 | Larsen & Toubro Limited INE018A01030 | 1.64% |
| 18 | Blue Star Limited INE472A01039 | 1.63% |
| 19 | Trent Limited INE849A01020 | 1.51% |
| 20 | Persistent Systems Limited INE262H01021 | 1.49% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.