Nippon India Multicap Fund
The manager maintains a balanced multi-cap approach with a pronounced tilt toward financials and quality defensive sectors, particularly banks which dominate at nearly 15 percent of the portfolio. Recent moves signal renewed conviction in traditional value plays—notably adding Sun Pharma and insurance exposure while trimming speculative growth bets like Meesho—suggesting a shift toward stable earnings over momentum. The concentrated top-10 holding of 29 percent, anchored by banking heavyweights, indicates confidence in India's credit cycle while the broad 127-stock base mitigates single-name risk.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹294.0733 | +0.23% | — | — | — |
| Regular Growth | ₹294.0733 | +0.23% | +1.73% | +18.77% | +20.90% |
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 | 0.60% |
| Blue Star Limited | 0.40% |
| ICICI Prudential Life Insurance Company Limited | 0.34% |
| Balkrishna Industries Limited | 0.25% |
| Cholamandalam Investment and Finance Company Ltd | 0.23% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 6.16% |
| 2 | ICICI Bank Limited INE090A01021 | 4.10% |
| 3 | Axis Bank Limited INE238A01034 | 3.41% |
| 4 | GE Vernova T&D India Limited INE200A01026 | 2.57% |
| 5 | Infosys Limited INE009A01021 | 2.57% |
| 6 | NTPC Limited INE733E01010 | 2.26% |
| 7 | Linde India Limited INE473A01011 | 2.12% |
| 8 | Reliance Industries Limited INE002A01018 | 2.06% |
| 9 | Max Financial Services Limited INE180A01020 | 2.00% |
| 10 | Larsen & Toubro Limited INE018A01030 | 1.90% |
| 11 | ITC Limited INE154A01025 | 1.68% |
| 12 | Tata Power Company Limited INE245A01021 | 1.66% |
| 13 | Bajaj Finance Limited INE296A01032 | 1.59% |
| 14 | Samvardhana Motherson International Limited INE775A01035 | 1.51% |
| 15 | FSN E-Commerce Ventures Limited INE388Y01029 | 1.51% |
| 16 | Vesuvius India Limited INE386A01023 | 1.49% |
| 17 | Swiggy Limited INE00H001014 | 1.37% |
| 18 | Hitachi Energy India Limited INE07Y701011 | 1.24% |
| 19 | State Bank of India INE062A01020 | 1.23% |
| 20 | Voltas Limited INE226A01021 | 1.23% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Nippon India Multicap Fund hold?
Nippon India Multicap Fund holds 125 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.81% of NAV.
What is the largest holding in Nippon India Multicap Fund?
The largest position in Nippon India Multicap Fund is HDFC Bank Limited, accounting for 6.16% of NAV in the Banks sector.
Is Nippon India Multicap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.439, Nippon India Multicap Fund is well-diversified. The HHI concentration index is 16,057 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.81% of the portfolio.
What is the market cap allocation of Nippon India Multicap Fund?
Based on SEBI's AMFI classification, Nippon India Multicap Fund's equity portfolio is split as: Large Cap: 43.36%, Mid Cap: 28.50%, Small Cap: 27.64%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Nippon India Multicap Fund invest in most?
Nippon India Multicap Fund has the highest allocation to Banks (14.90%), Retailing (8.31%), Electrical Equipment (8.14%). The fund is invested across 32 sectors in total.
How actively managed is Nippon India Multicap Fund compared to other Multi Cap Fund funds?
Nippon India Multicap Fund has an Active Share of 65.04%, classifying it as "Active Stock Picker" among 30 Multi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Nippon India Multicap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Nippon India Multicap Fund added 5 new stocks (including Sun Pharmaceutical Industries Limited) and exited 4 stocks (including Finolex Cables Limited). Total holding count increased from 126 to 127 stocks.