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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹11.9953 | — | — | — | — | — | — |
| Regular Growth | ₹11.8557 | +1.48% | -1.42% | -0.60% | +5.40% | — | — |
| Regular IDCW | ₹11.8557 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
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.