Nippon India Multi Asset Allocation Fund
The fund maintains its defensive hybrid positioning with elevated commodity hedges (gold and silver now representing 11.7% of portfolio) while keeping equity exposure moderate at 60.6%. The manager significantly increased cash-like exposure through repo instruments and trimmed large-cap heavyweights like L&T, suggesting cautious sentiment despite broad diversification across 173 holdings. Recent additions in pharmaceuticals and power, coupled with exits from cyclical names, signal a tactical shift toward defensive growth and inflation-resilient sectors.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹26.5375 | — | — | — | — |
| Regular Growth | ₹24.5940 | +1.06% | +17.06% | +20.43% | +16.34% |
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 |
|---|---|
| Sun Pharmaceutical Industries Limited | 0.86% |
| Tata Consumer Products Limited | 0.42% |
| KFin Technologies Limited | 0.30% |
| Vedanta Aluminium Metal Limited** | 0.47% |
| Talwandi Sabo Power Limited** | 0.05% |
| Malco Energy Limited** | 0.05% |
| Vedanta Iron And Steel Limited** | 0.03% |
| 6.48% Government of India | 0.33% |
| 7.91% State Government Securities | 0.24% |
| 7.96% State Government Securities | 0.03% |
| 7.44% National Bank For Agriculture and Rural Development | 0.88% |
| 7.77% Bajaj Finance Limited** | 0.85% |
| 9.75% Delhi International Airport Limited** | 0.29% |
| 7.04% Small Industries Dev Bank of India** | 0.27% |
| 6.7% Aditya Birla Housing Finance Limited** | 0.20% |
| 8.18% Toyota Financial Services India Limited** | 0.17% |
| 7.4% Bharti Telecom Limited | 0.17% |
| 7.17% Mindspace Business Parks REIT | 0.17% |
| Punjab National Bank** | 0.10% |
| 91 Days Tbill | 1.34% |
| Cash Margin - CCIL | 0.01% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Nippon India ETF Gold Bees INF204KB17I5 | 8.15% |
| 2 | Triparty Repo | 5.88% |
| 3 | iShares MSCI World ETF US4642863926 | 5.23% |
| 4 | ICICI Bank Limited INE090A01021 | 3.60% |
| 5 | Nippon India Silver ETF INF204KC1402 | 3.24% |
| 6 | FUTCOM_GOLD_05/06/2026 | 2.46%(der) |
| 7 | HDFC Bank Limited INE040A01034 | 2.39% |
| 8 | Infosys Limited INE009A01021 | 1.96% |
| 9 | Reliance Industries Limited INE002A01018 | 1.81% |
| 10 | Eternal Limited INE758T01015 | 1.67% |
| 11 | State Bank of India INE062A01020 | 1.58% |
| 12 | Hindustan Aeronautics Limited INE066F01020 | 1.54% |
| 13 | Axis Bank Limited INE238A01034 | 1.45% |
| 14 | Trent Limited INE849A01020 | 1.41% |
| 15 | Varun Beverages Limited INE200M01039 | 1.36% |
| 16 | 91 Days Tbill IN002026X016 | 1.34% |
| 17 | Kotak Mahindra Bank Limited INE237A01036 | 1.30% |
| 18 | Cash Margin - Derivatives | 1.28% |
| 19 | Bajaj Auto Limited INE917I01010 | 1.27% |
| 20 | LG Electronics India Ltd INE324D01010 | 1.08% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Nippon India Multi Asset Allocation Fund hold?
Nippon India Multi Asset Allocation Fund holds 169 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 22.61% of NAV.
What is the largest holding in Nippon India Multi Asset Allocation Fund?
The largest position in Nippon India Multi Asset Allocation Fund is Nippon India ETF Gold Bees, accounting for 8.15% of NAV.
Is Nippon India Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.537, Nippon India Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 17,644 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 22.61% of the portfolio.
What is the market cap allocation of Nippon India Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Nippon India Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 38.64%, Mid Cap: 9.29%, Small Cap: 5.30%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Nippon India Multi Asset Allocation Fund invest in most?
Nippon India Multi Asset Allocation Fund has the highest allocation to Banks (10.70%), SOVEREIGN (7.04%), Retailing (5.87%). The fund is invested across 47 sectors in total.
How actively managed is Nippon India Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Nippon India Multi Asset Allocation Fund has an Active Share of 59.96%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Nippon India Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Nippon India Multi Asset Allocation Fund added 21 new stocks (including Sun Pharmaceutical Industries Limited) and exited 11 stocks (including Larsen & Toubro Limited). Total holding count increased from 163 to 173 stocks.