Funds/Sectoral / Thematic/Nippon India Consumption Fund

Nippon India Consumption Fund

Nippon India Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund remains deeply tilted toward consumption plays, with automobiles and retailing commanding over a third of the portfolio—positioning it squarely for demand recovery in discretionary spending. Heavy concentration in just ten names signals conviction in quality consumption franchises, though the recent trimming of ITC and Airtel hints the manager is pruning defensive positions to raise cash and make room for growth plays like Britannia. The modest 3 percent cash buffer and tactical rebalancing suggest confidence in the consumption thesis but caution about valuations at the margin.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹180.8323	+1.80%	—	—	—	—	—
Regular Growth	₹180.8323	+1.80%	-4.66%	-10.37%	-7.07%	+11.67%	+14.80%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

29.25%

Top 10 Weight

47.25%

Active Share

—

Large Cap

67.56%

Gini

0.374

What Changed2026-03-31 → 2026-04-30

Holdings: 45 → 45+1 added−1 removed19 weight shifts ≥ 0.1%

Stock	Sector	Weight
Britannia Industries Limited	Food Products	2.06%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Mahindra & Mahindra Limited INE101A01026	Automobiles	EQUITY	7.41%
2	Maruti Suzuki India Limited INE585B01010	Automobiles	EQUITY	6.62%
3	Eternal Limited INE758T01015	Retailing	EQUITY	5.73%
4	Bharti Airtel Limited INE397D01024	Telecom - Services	EQUITY	4.95%
5	Hindustan Unilever Limited INE030A01027	Diversified FMCG	EQUITY	4.54%
6	Bajaj Auto Limited INE917I01010	Automobiles	EQUITY	4.20%
7	Varun Beverages Limited INE200M01039	Beverages	EQUITY	3.81%
8	Trent Limited INE849A01020	Retailing	EQUITY	3.50%
9	ITC Limited INE154A01025	Diversified FMCG	EQUITY	3.27%
10	Asian Paints Limited INE021A01026	Consumer Durables	EQUITY	3.22%
11	Triparty Repo		CASH_EQUIVALENT	3.12%
12	Titan Company Limited INE280A01028	Consumer Durables	EQUITY	3.08%
13	Zydus Wellness Limited INE768C01028	Food Products	EQUITY	2.83%
14	InterGlobe Aviation Limited INE646L01027	Transport Services	EQUITY	2.58%
15	FSN E-Commerce Ventures Limited INE388Y01029	Retailing	EQUITY	2.55%
16	Godrej Consumer Products Limited INE102D01028	Personal Products	EQUITY	2.52%
17	Tata Consumer Products Limited INE192A01025	Agricultural Food & other Products	EQUITY	2.50%
18	Radico Khaitan Limited INE944F01028	Beverages	EQUITY	2.18%
19	United Breweries Limited INE686F01025	Beverages	EQUITY	2.14%
20	Avenue Supermarts Limited INE192R01011	Retailing	EQUITY	2.08%

Sector Allocation

Automobiles19.7%

Retailing16.5%

Consumer Durables13.0%

Beverages9.5%

Diversified FMCG7.8%

Food Products7.4%

Telecom - Services5.0%

Personal Products4.0%

Leisure Services3.9%

Agricultural Food & other Products3.5%

Top 10 sectors by % to NAV. Excludes derivatives.