Nippon India Active Momentum Fund
The fund remains heavily conviction-driven toward banking and financial services, commanding nearly a quarter of assets while maintaining focused exposure across 48 holdings. Recent portfolio turnover—particularly the shift away from commodities like Vedanta and into new momentum plays like Eternal and Varun Beverages—suggests the manager is rotating toward consumer discretionary strength and infrastructure-related themes. The elevated cash position and concentrated top-5 weighting indicate a deliberate, tactical stance rather than a diversified barbell approach.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹12.1274 | — | — | — | — |
| Regular Growth | ₹11.9860 | +0.56% | +5.48% | — | — |
| Regular IDCW | ₹11.9860 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Eternal Limited | 3.31% |
| Varun Beverages Limited | 2.72% |
| Tech Mahindra Limited | 2.60% |
| Vedanta Aluminium Metal Limited** | 1.33% |
| Talwandi Sabo Power Limited** | 0.13% |
| Malco Energy Limited** | 0.13% |
| Vedanta Iron And Steel Limited** | 0.08% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 6.25% |
| 2 | Triparty Repo | 4.81% |
| 3 | Axis Bank Limited INE238A01034 | 3.95% |
| 4 | State Bank of India INE062A01020 | 3.73% |
| 5 | GE Vernova T&D India Limited INE200A01026 | 3.60% |
| 6 | Eternal Limited INE758T01015 | 3.31% |
| 7 | Multi Commodity Exchange of India Limited INE745G01043 | 3.10% |
| 8 | Bharat Electronics Limited INE263A01024 | 2.85% |
| 9 | Varun Beverages Limited INE200M01039 | 2.72% |
| 10 | Sun Pharmaceutical Industries Limited INE044A01036 | 2.66% |
| 11 | Tech Mahindra Limited INE669C01036 | 2.60% |
| 12 | Mahindra & Mahindra Limited INE101A01026 | 2.58% |
| 13 | L&T Finance Limited INE498L01015 | 2.45% |
| 14 | Lupin Limited INE326A01037 | 2.45% |
| 15 | Cummins India Limited INE298A01020 | 2.43% |
| 16 | Radico Khaitan Limited INE944F01028 | 2.33% |
| 17 | FSN E-Commerce Ventures Limited INE388Y01029 | 2.30% |
| 18 | Bharti Hexacom Limited INE343G01021 | 2.27% |
| 19 | National Aluminium Company Limited INE139A01034 | 2.18% |
| 20 | Fortis Healthcare Limited INE061F01013 | 2.15% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Nippon India Active Momentum Fund hold?
Nippon India Active Momentum Fund holds 45 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.84% of NAV.
What is the largest holding in Nippon India Active Momentum Fund?
The largest position in Nippon India Active Momentum Fund is HDFC Bank Limited, accounting for 6.25% of NAV in the Banks sector.
Is Nippon India Active Momentum Fund a concentrated or diversified fund?
With a Gini coefficient of 0.251, Nippon India Active Momentum Fund is well-diversified. The HHI concentration index is 24,998 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.84% of the portfolio.
What is the market cap allocation of Nippon India Active Momentum Fund?
Based on SEBI's AMFI classification, Nippon India Active Momentum Fund's equity portfolio is split as: Large Cap: 49.12%, Mid Cap: 26.87%, Small Cap: 14.44%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Nippon India Active Momentum Fund invest in most?
Nippon India Active Momentum Fund has the highest allocation to Banks (19.05%), Beverages (6.77%), Automobiles (6.25%). The fund is invested across 24 sectors in total.
How actively managed is Nippon India Active Momentum Fund compared to other Sectoral / Thematic funds?
Nippon India Active Momentum Fund has an Active Share of 76.12%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Nippon India Active Momentum Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Nippon India Active Momentum Fund added 7 new stocks (including Eternal Limited) and exited 2 stocks (including Indian Bank). Total holding count increased from 43 to 48 stocks.