Nippon India ELSS Tax Saver Fund

Nippon India Mutual FundEquityPortfolio as of 31 July 2026

Nippon India ELSS Tax Saver Fund holds 67 instruments (98.59% equity), led by ICICI Bank Limited (7.7%), HDFC Bank Limited (6.12%) and Axis Bank Limited (3.88%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

98.59%

AMC

Nippon India Mutual Fund

Portfolio Analysis

Nippon India ELSS Tax Saver Fund's top 10 holdings account for 39.39% of its portfolio, in line with the Equity category average of 37.5%. Financial Services is its largest sector exposure at 36.63% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 1 new position and exited 1 position, with Larsen & Toubro Limited seeing the largest move (-1.26pp to 0.13%).

Top 10 Equity Holdings

ICICI Bank Limited · 7.7%HDFC Bank Limited · 6.12%Axis Bank Limited · 3.88%Samvardhana Motherson International Limited · 3.54%State Bank of India · 3.38%NTPC Limited · 3.26%Bharti Airtel Limited · 3.03%Reliance Industries Limited · 2.98%Infosys Limited · 2.88%TVS Holdings Limited · 2.62%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

1 new entry1 exit10 increased10 reduced

New Entries

Trent Limited · 0.52%

Complete Exits

Sai Life Sciences Limited · was 0.13%

Biggest Weight Increases

Stock	Weight	Change
Mahindra & Mahindra Limited	1.13% → 1.82%	▲ +0.69
Divi's Laboratories Limited	1.64% → 2%	▲ +0.36
Infosys Limited	2.55% → 2.88%	▲ +0.33
ICICI Bank Limited	7.39% → 7.7%	▲ +0.31
Indus Towers Limited	0.75% → 1%	▲ +0.25
ETERNAL LIMITED	2.22% → 2.43%	▲ +0.21
Tatva Chintan Pharma Chem Limited	0.41% → 0.62%	▲ +0.21
United Spirits Limited	1.45% → 1.63%	▲ +0.18
TVS Holdings Limited	2.44% → 2.62%	▲ +0.18
Bharti Airtel Limited	2.85% → 3.03%	▲ +0.18

Biggest Weight Reductions

Stock	Weight	Change
Larsen & Toubro Limited	1.39% → 0.13%	▼ -1.26
HDFC Bank Limited	6.54% → 6.12%	▼ -0.42
InterGlobe Aviation Limited	0.72% → 0.35%	▼ -0.37
Axis Bank Limited	4.25% → 3.88%	▼ -0.37
Havells India Limited	0.75% → 0.51%	▼ -0.24
Wheels India Limited	0.65% → 0.45%	▼ -0.2
Ksb Limited	1.71% → 1.52%	▼ -0.19
Avenue Supermarts Limited	1.68% → 1.5%	▼ -0.18
NLC India Limited	1.61% → 1.49%	▼ -0.12
Coal India Limited	2.01% → 1.89%	▼ -0.12

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

ICICI Bank Limited

7.7%

HDFC Bank Limited

6.12%

Axis Bank Limited

3.88%

Samvardhana Motherson International Limited

3.54%

State Bank of India

3.38%

Full Portfolio (67 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	7.7%
2	HDFC Bank Limited	Financial Services	6.12%
3	Axis Bank Limited	Financial Services	3.88%
4	Samvardhana Motherson International Limited	Consumer Discretionary	3.54%
5	State Bank of India	Financial Services	3.38%
6	NTPC Limited	Utilities	3.26%
7	Bharti Airtel Limited	Telecommunication	3.03%
8	Reliance Industries Limited	Energy	2.98%
9	Infosys Limited	Information Technology	2.88%
10	TVS Holdings Limited	Financial Services	2.62%
11	Power Finance Corporation Limited	Financial Services	2.59%
12	Radico Khaitan Limited	Consumer Staples	2.47%
13	ETERNAL LIMITED	Consumer Discretionary	2.43%
14	Divi's Laboratories Limited	Healthcare	2%
15	Coal India Limited	Energy	1.89%
16	Gland Pharma Limited	Healthcare	1.85%
17	Mahindra & Mahindra Limited	Consumer Discretionary	1.82%
18	Healthcare Global Enterprises Limited	Healthcare	1.67%
19	Varun Beverages Limited	Consumer Staples	1.66%
20	United Spirits Limited	Consumer Staples	1.63%
21	REC Limited	Financial Services	1.55%
22	The Indian Hotels Company Limited	Consumer Discretionary	1.53%
23	Ksb Limited	Industrials	1.52%
24	Avenue Supermarts Limited	Consumer Discretionary	1.5%
25	NLC India Limited	Utilities	1.49%
26	Cholamandalam Financial Holdings Limited	Financial Services	1.44%
27	ICICI Lombard General Insurance Company Limited	Financial Services	1.42%
28	GE Vernova T&D India Limited	Industrials	1.38%
29	Tata Power Company Limited	Utilities	1.35%
30	BSE Limited	Financial Services	1.22%
31	Max Financial Services Limited	Financial Services	1.21%
32	Triparty Repotreps	—	1.17%
33	3M India Limited	Diversified	1.13%
34	Linde India Limited	Materials	1.1%
35	Mankind Pharma Limited	Healthcare	1.06%
36	Titan Company Limited	Consumer Discretionary	1.05%
37	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	1.02%
38	SBI Life Insurance Company Limited	Financial Services	1.01%
39	Indus Towers Limited	Telecommunication	1%
40	Angel One Limited	Financial Services	0.99%
41	Jio Financial Services Limited	Financial Services	0.93%
42	Sun Pharmaceutical Industries Limited	Healthcare	0.93%
43	Adani Ports and Special Economic Zone Limited	Services	0.91%
44	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.87%
45	Cyient Limited	Information Technology	0.84%
46	Ambuja Cements Limited	Materials	0.78%
47	Info Edge (India) Limited	Consumer Discretionary	0.78%
48	United Breweries Limited	Consumer Staples	0.76%
49	Timken India Limited	Industrials	0.73%
50	Automotive Axles Limited	Consumer Discretionary	0.69%
51	Tata Consultancy Services Limited	Information Technology	0.63%
52	Tatva Chintan Pharma Chem Limited	Materials	0.62%
53	Hindustan Aeronautics Limited	Industrials	0.61%
54	LG Electronics India Limited	Consumer Discretionary	0.6%
55	Union Bank of India	Financial Services	0.57%
56	Trent Limited	Consumer Discretionary	0.52%
57	Havells India Limited	Consumer Discretionary	0.51%
58	Siemens Energy India Limited	Industrials	0.5%
59	Wheels India Limited	Consumer Discretionary	0.45%
60	Carborundum Universal Limited	Industrials	0.43%
61	Astral Limited	Industrials	0.39%
62	Blue Star Limited	Consumer Discretionary	0.38%
63	InterGlobe Aviation Limited	Services	0.35%
64	NTPC Green Energy Limited	Utilities	0.31%
65	Net Current Assetsother	—	0.23%
66	Larsen & Toubro Limited	Industrials	0.13%
67	Cash Margin - CCILother	—	0.01%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 7.7% of Nippon India ELSS Tax Saver Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 6.12% of Nippon India ELSS Tax Saver Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 3.88% of Nippon India ELSS Tax Saver Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, Samvardhana Motherson International Limited is 3.54% of Nippon India ELSS Tax Saver Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, State Bank of India is 3.38% of Nippon India ELSS Tax Saver Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Nippon India Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.