Nippon India Flexi Cap Fund

Nippon India Mutual FundEquityPortfolio as of 31 July 2026

Nippon India Flexi Cap Fund holds 92 instruments (98.06% equity), led by ICICI Bank Limited (7.28%), HDFC Bank Limited (5.85%) and Axis Bank Limited (3.72%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

98.06%

AMC

Nippon India Mutual Fund

Portfolio Analysis

Nippon India Flexi Cap Fund's top 10 holdings account for 33.85% of its portfolio, more diversified than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 30.17% of net assets, spread across 13 sectors in total. Since its 30 June 2026 disclosure, the fund added 3 new positions and exited 4 positions, with HDFC Bank Limited seeing the largest move (-0.47pp to 5.85%).

Top 10 Equity Holdings

ICICI Bank Limited · 7.28%HDFC Bank Limited · 5.85%Axis Bank Limited · 3.72%Reliance Industries Limited · 3.55%Larsen & Toubro Limited · 2.62%Mahindra & Mahindra Limited · 2.59%Bajaj Finance Limited · 2.19%Bharti Airtel Limited · 2.03%State Bank of India · 2.02%Samvardhana Motherson International Limited · 2%

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.

3 new entries4 exits10 increased10 reduced

New Entries

Torrent Pharmaceuticals Limited · 1.42%Balkrishna Industries Limited · 0.51%HDFC Asset Management Company Limited · 0.27%

Complete Exits

JB Chemicals & Pharmaceuticals Limited · was 1.27%Coal India Limited · was 0.55%Vedanta Iron and Steel Limited · was 0.11%CESC Limited · was 0.04%

Biggest Weight Increases

Stock	Weight	Change
Titan Company Limited	0.23% → 0.6%	▲ +0.37
Mahindra & Mahindra Limited	2.36% → 2.59%	▲ +0.23
Bajaj Finance Limited	1.96% → 2.19%	▲ +0.23
ETERNAL LIMITED	1.76% → 1.98%	▲ +0.22
ICICI Bank Limited	7.06% → 7.28%	▲ +0.22
Swiggy Limited	1.16% → 1.36%	▲ +0.2
Coforge Limited	1.25% → 1.45%	▲ +0.2
Kaynes Technology India Limited	0.87% → 1.05%	▲ +0.18
Tech Mahindra Limited	1% → 1.16%	▲ +0.16
Infosys Limited	1.31% → 1.46%	▲ +0.15

Biggest Weight Reductions

Stock	Weight	Change
HDFC Bank Limited	6.32% → 5.85%	▼ -0.47
Axis Bank Limited	4.12% → 3.72%	▼ -0.4
Electronics Mart India Limited	0.42% → 0.2%	▼ -0.22
Siemens Energy India Limited	1.65% → 1.43%	▼ -0.22
Varun Beverages Limited	1.3% → 1.12%	▼ -0.18
Larsen & Toubro Limited	2.79% → 2.62%	▼ -0.17
Aditya Birla Sun Life AMC Limited	1.26% → 1.09%	▼ -0.17
Kirloskar Oil Engines Limited	1.96% → 1.79%	▼ -0.17
Avenue Supermarts Limited	1.27% → 1.13%	▼ -0.14
Dr. Reddy's Laboratories Limited	0.78% → 0.65%	▼ -0.13

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

7.28%

HDFC Bank Limited

5.85%

Axis Bank Limited

3.72%

Reliance Industries Limited

3.55%

Larsen & Toubro Limited

2.62%

Full Portfolio (92 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	7.28%
2	HDFC Bank Limited	Financial Services	5.85%
3	Axis Bank Limited	Financial Services	3.72%
4	Reliance Industries Limited	Energy	3.55%
5	Larsen & Toubro Limited	Industrials	2.62%
6	Mahindra & Mahindra Limited	Consumer Discretionary	2.59%
7	Bajaj Finance Limited	Financial Services	2.19%
8	Bharti Airtel Limited	Telecommunication	2.03%
9	State Bank of India	Financial Services	2.02%
10	Samvardhana Motherson International Limited	Consumer Discretionary	2%
11	ETERNAL LIMITED	Consumer Discretionary	1.98%
12	Radico Khaitan Limited	Consumer Staples	1.79%
13	Kirloskar Oil Engines Limited	Industrials	1.79%
14	Mankind Pharma Limited	Healthcare	1.75%
15	NTPC Limited	Utilities	1.63%
16	JINDAL STEEL LIMITED	Materials	1.54%
17	InterGlobe Aviation Limited	Services	1.54%
18	Hindustan Aeronautics Limited	Industrials	1.53%
19	Maruti Suzuki India Limited	Consumer Discretionary	1.52%
20	Bharat Heavy Electricals Limited	Industrials	1.47%
21	Infosys Limited	Information Technology	1.46%
22	Coforge Limited	Information Technology	1.45%
23	Siemens Energy India Limited	Industrials	1.43%
24	Torrent Pharmaceuticals Limited	Healthcare	1.42%
25	Swiggy Limited	Consumer Discretionary	1.36%
26	Vedanta Aluminium Metal Limited	Diversified	1.35%
27	Triparty Repotreps	—	1.26%
28	Tech Mahindra Limited	Information Technology	1.16%
29	Trent Limited	Consumer Discretionary	1.15%
30	Avenue Supermarts Limited	Consumer Discretionary	1.13%
31	Varun Beverages Limited	Consumer Staples	1.12%
32	Aditya Birla Sun Life AMC Limited	Financial Services	1.09%
33	Lupin Limited	Healthcare	1.06%
34	Tata Motors Limited	Industrials	1.05%
35	Kotak Mahindra Bank Limited	Financial Services	1.05%
36	Kaynes Technology India Limited	Industrials	1.05%
37	Hindustan Petroleum Corporation Limited	Energy	1.03%
38	Bharti Hexacom Limited	Telecommunication	0.99%
39	Cholamandalam Investment and Finance Company Limited	Financial Services	0.92%
40	Godrej Consumer Products Limited	Consumer Staples	0.89%
41	Tube Investments of India Limited	Consumer Discretionary	0.85%
42	Dixon Technologies (India) Limited	Consumer Discretionary	0.85%
43	Asian Paints Limited	Consumer Discretionary	0.85%
44	Voltas Limited	Consumer Discretionary	0.8%
45	PB Fintech Limited	Financial Services	0.8%
46	Vedanta Limited	Materials	0.79%
47	Delhivery Limited	Services	0.77%
48	NTPC Green Energy Limited	Utilities	0.76%
49	Vishal Mega Mart Limited	Consumer Discretionary	0.75%
50	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.73%
51	Devyani International Limited	Consumer Discretionary	0.7%
52	Happy Forgings Limited	Industrials	0.68%
53	Dr. Reddy's Laboratories Limited	Healthcare	0.65%
54	One 97 Communications Limited	Financial Services	0.64%
55	IndusInd Bank Limited	Financial Services	0.63%
56	Kfin Technologies Limited	Financial Services	0.61%
57	Aptus Value Housing Finance India Limited	Financial Services	0.61%
58	Tata Communications Limited	Telecommunication	0.61%
59	Titan Company Limited	Consumer Discretionary	0.6%
60	Info Edge (India) Limited	Consumer Discretionary	0.6%
61	Siemens Limited	Industrials	0.58%
62	MphasiS Limited	Information Technology	0.57%
63	Cholamandalam Financial Holdings Limited	Financial Services	0.56%
64	AU Small Finance Bank Limited	Financial Services	0.55%
65	Whirlpool of India Limited	Consumer Discretionary	0.55%
66	Apollo Hospitals Enterprise Limited	Healthcare	0.55%
67	Finolex Cables Limited	Industrials	0.53%
68	Zensar Technologies Limited	Information Technology	0.52%
69	Balkrishna Industries Limited	Consumer Discretionary	0.51%
70	Brigade Enterprises Limited	Real Estate	0.51%
71	Cash Margin - Derivativesother	—	0.51%
72	LTM Limited	Information Technology	0.44%
73	Angel One Limited	Financial Services	0.43%
74	Ambuja Cements Limited	Materials	0.43%
75	SBI Life Insurance Company Limited	Financial Services	0.43%
76	Meesho Limited	Consumer Discretionary	0.41%
77	DLF Limited	Real Estate	0.37%
78	Syngene International Limited	Healthcare	0.34%
79	Medplus Health Services Limited	Consumer Discretionary	0.33%
80	Tata Capital Limited	Financial Services	0.32%
81	Somany Ceramics Limited	Consumer Discretionary	0.3%
82	HDFC Asset Management Company Limited	Financial Services	0.27%
83	PG Electroplast Limited	Consumer Discretionary	0.27%
84	BlueStone Jewellery and Lifestyle Limited	Consumer Discretionary	0.26%
85	Cyient Limited	Information Technology	0.26%
86	Honeywell Automation India Limited	Industrials	0.22%
87	Niva Bupa Health Insurance Company Limited	Financial Services	0.2%
88	Electronics Mart India Limited	Consumer Discretionary	0.2%
89	LG Electronics India Limited	Consumer Discretionary	0.18%
90	Net Current Assetsother	—	0.16%
91	Awfis Space Solutions Limited	Industrials	0.14%
92	Cash Margin - CCILother	—	0.01%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 7.28% of Nippon India Flexi Cap Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 5.85% of Nippon India Flexi Cap Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 3.72% of Nippon India Flexi Cap Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, Reliance Industries Limited is 3.55% of Nippon India Flexi Cap Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Larsen & Toubro Limited is 2.62% of Nippon India Flexi Cap 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.