Nippon India Japan Equity Fund
The fund maintains a concentrated Japan-focused equity strategy with nearly 84% deployed across 33 holdings, signaling conviction in selective Japanese equities. The dramatic surge in cash proxy (Triparty Repo jumping 4.7 percentage points) suggests either profit-taking or tactical positioning ahead of potential market volatility. The portfolio leans toward industrial machinery, chemicals, and electronics—capturing Japan's manufacturing and technology strength—though elevated cash levels indicate the manager is cautiously awaiting better entry points rather than fully committed to the current market.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹30.4860 | — | — | — | — | — | — |
| Direct Growth | ₹30.4860 | — | — | — | — | — | — |
| Regular Growth | ₹27.0443 | — | — | — | — | — | — |
| Regular Growth | ₹27.0443 | +8.51% | +6.78% | +19.87% | +36.78% | +19.52% | +10.73% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Triparty Repo | 12.38% |
| 2 | TDK Corp JP3538800008 | 3.82% |
| 3 | Tokio Marine Holdings Inc JP3910660004 | 3.37% |
| 4 | Keyence Corp JP3236200006 | 3.33% |
| 5 | SMC Corp JP3162600005 | 3.28% |
| 6 | Shin Etsu Chemical Co JP3371200001 | 3.20% |
| 7 | Tokyo Electron Ltd JP3571400005 | 3.19% |
| 8 | Ajinomoto Co Inc JP3119600009 | 3.18% |
| 9 | Fast Retailing Co Ltd JP3802300008 | 3.18% |
| 10 | BayCurrent Consulting Inc JP3835250006 | 3.17% |
| 11 | Recruit Holdings Co Ltd JP3970300004 | 3.10% |
| 12 | Orix Corporation JP3200450009 | 3.05% |
| 13 | Sumitomo Elec Indust JP3407400005 | 2.99% |
| 14 | Mitsubishi UFJ Financial Group Inc JP3902900004 | 2.94% |
| 15 | Hitachi Ltd JP3788600009 | 2.83% |
| 16 | Dai-ichi Life Holdings Inc JP3476480003 | 2.79% |
| 17 | OTSUKA Corp JP3188200004 | 2.77% |
| 18 | Nippon Yusen Kabushiki Kaisha JP3753000003 | 2.77% |
| 19 | NTT Corp JP3735400008 | 2.76% |
| 20 | Bridgestone Corp JP3830800003 | 2.75% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.