Nippon India Multi Asset Allocation Fund
Nippon India Mutual Fund·Multi Asset Allocation·vs Nifty 200 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹26.4003 | — | — | — | — | — | — |
| Regular Growth | ₹24.4675 | +2.31% | -0.51% | +4.58% | +17.56% | +20.35% | +16.22% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
169
Top 5 Weight
22.61%
Top 10 Weight
31.17%
Active Share
—
Large Cap
38.64%
Gini
0.537
What Changed2026-03-31 → 2026-04-30
Holdings: 163 → 173+21 added−11 removed22 weight shifts ≥ 0.1%
| 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
Banks10.7%
SOVEREIGN7.0%
Retailing5.9%
CRISIL AAA5.3%
Finance3.3%
Power2.9%
IT - Software2.8%
Automobiles2.8%
Consumer Durables2.5%
Pharmaceuticals & Biotechnology2.3%
Top 10 sectors by % to NAV. Excludes derivatives.