Nippon India Small Cap Fund
Nippon India Mutual Fund·Small Cap Fund·vs Nifty Smallcap 250 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹170.5927 | +6.11% | — | — | — | — | — |
| Regular Growth | ₹170.5927 | +6.11% | +4.85% | +0.33% | +6.42% | +20.04% | +21.87% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
250
Top 5 Weight
8.35%
Top 10 Weight
14.29%
Active Share
—
Large Cap
12.32%
Gini
0.417
What Changed2026-03-31 → 2026-04-30
Holdings: 250 → 253+9 added−6 removed32 weight shifts ≥ 0.1%
| 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
Electrical Equipment9.3%
Auto Components7.2%
Consumer Durables6.8%
Industrial Products6.5%
Banks6.3%
Pharmaceuticals & Biotechnology5.2%
Capital Markets4.9%
Chemicals & Petrochemicals4.7%
Finance4.4%
Healthcare Services3.7%
Top 10 sectors by % to NAV. Excludes derivatives.