Nippon India Small Cap Fund
The fund maintains a diversified small-cap approach with meaningful exposure to infrastructure-adjacent sectors like electrical equipment and auto components, positioning for industrial cycle recovery. The manager's conviction appears selective rather than thematic, evidenced by targeted exits from large-cap positions like Reliance while adding consumer and financial services names through nine fresh entries. Elevated cash levels and modest top-10 concentration signal a cautious stance despite staying nearly fully invested in equities.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹171.6151 | +3.78% | — | — | — |
| Regular Growth | ₹171.6151 | +3.78% | +4.77% | +20.08% | +22.02% |
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 |
|---|---|
| United Spirits Limited | 0.52% |
| Poonawalla Fincorp Limited | 0.46% |
| Godrej Consumer Products Limited | 0.07% |
| Ellenbarrie Industrial Gases Limited | 0.02% |
| Genus Prime Infra Limited | 0.01% |
| Vedanta Aluminium Metal Limited** | 0.37% |
| Talwandi Sabo Power Limited** | 0.04% |
| Malco Energy Limited** | 0.04% |
| Vedanta Iron And Steel Limited** | 0.02% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Triparty Repo | 2.70% |
| 2 | HDFC Bank Limited INE040A01034 | 1.89% |
| 3 | Multi Commodity Exchange of India Limited INE745G01043 | 1.76% |
| 4 | Bharat Heavy Electricals Limited INE257A01026 | 1.67% |
| 5 | TD Power Systems Limited INE419M01027 | 1.54% |
| 6 | Apar Industries Limited INE372A01015 | 1.49% |
| 7 | Karur Vysya Bank Limited INE036D01028 | 1.29% |
| 8 | Zydus Wellness Limited INE768C01028 | 1.21% |
| 9 | State Bank of India INE062A01020 | 1.18% |
| 10 | NLC India Limited INE589A01014 | 1.18% |
| 11 | Kirloskar Brothers Limited INE732A01036 | 1.08% |
| 12 | Whirlpool of India Limited INE716A01013 | 1.06% |
| 13 | Axis Bank Limited INE238A01034 | 1.04% |
| 14 | Voltamp Transformers Limited INE540H01012 | 1.04% |
| 15 | Emami Limited INE548C01032 | 1.03% |
| 16 | Tube Investments of India Limited INE974X01010 | 1.01% |
| 17 | Sundram Fasteners Limited INE387A01021 | 0.96% |
| 18 | Elantas Beck India Limited INE280B01018 | 0.88% |
| 19 | Kirloskar Oil Engines Limited INE146L01010 | 0.87% |
| 20 | Sai Life Sciences Limited INE570L01029 | 0.86% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Nippon India Small Cap Fund hold?
Nippon India Small Cap Fund holds 250 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 8.35% of NAV.
What is the largest holding in Nippon India Small Cap Fund?
The largest position in Nippon India Small Cap Fund is Triparty Repo, accounting for 2.70% of NAV.
Is Nippon India Small Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.417, Nippon India Small Cap Fund is well-diversified. The HHI concentration index is 6,338 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 8.35% of the portfolio.
What is the market cap allocation of Nippon India Small Cap Fund?
Based on SEBI's AMFI classification, Nippon India Small Cap Fund's equity portfolio is split as: Large Cap: 12.32%, Mid Cap: 12.22%, Small Cap: 68.89%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Nippon India Small Cap Fund invest in most?
Nippon India Small Cap Fund has the highest allocation to Electrical Equipment (9.29%), Auto Components (7.23%), Consumer Durables (6.81%). The fund is invested across 47 sectors in total.
How actively managed is Nippon India Small Cap Fund compared to other Small Cap Fund funds?
Nippon India Small Cap Fund has an Active Share of 62.90%, classifying it as "Active Stock Picker" among 31 Small Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Nippon India Small Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Nippon India Small Cap Fund added 9 new stocks (including United Spirits Limited) and exited 6 stocks (including Reliance Industries Limited). Total holding count increased from 250 to 253 stocks.