NIPPON INDIA MULTI CAP FUND

Nippon India Mutual FundEquityPortfolio as of 31 July 2026

NIPPON INDIA MULTI CAP FUND holds 116 instruments (98.69% equity), led by HDFC Bank Limited (7.1%), Axis Bank Limited (4.92%) and ICICI Bank Limited (4.41%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

116

Equity Allocation

98.69%

AMC

Nippon India Mutual Fund

Portfolio Analysis

NIPPON INDIA MULTI CAP FUND's top 10 holdings account for 31.33% of its portfolio, more diversified than the Equity category average of 37.5%. Consumer Discretionary is its largest sector exposure at 28.53% of net assets, spread across 11 sectors in total. Since its 30 June 2026 disclosure, the fund added 2 new positions and exited 9 positions, with Infosys Limited seeing the largest move (+1.22pp to 3.87%).

Top 10 Equity Holdings

HDFC Bank Limited · 7.1%Axis Bank Limited · 4.92%ICICI Bank Limited · 4.41%Infosys Limited · 3.87%Bajaj Finance Limited · 1.97%NTPC Limited · 1.86%Linde India Limited · 1.85%Swiggy Limited · 1.8%Reliance Industries Limited · 1.78%Larsen & Toubro Limited · 1.77%

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.

2 new entries9 exits10 increased10 reduced

New Entries

Tata Consultancy Services Limited · 1.4%InterGlobe Aviation Limited · 0.25%

Complete Exits

Maruti Suzuki India Limited · was 1.1%Sansera Engineering Limited · was 0.49%Exide Industries Limited · was 0.48%SRF Limited · was 0.36%Cholamandalam Investment and Finance Company Limited · was 0.32%Alkem Laboratories Limited · was 0.28%Amara Raja Energy & Mobility Limited · was 0.24%Siemens Limited · was 0.18%Biocon Limited · was 0.05%

Biggest Weight Increases

Stock	Weight	Change
Infosys Limited	2.65% → 3.87%	▲ +1.22
Mahindra & Mahindra Limited	0.84% → 1.47%	▲ +0.63
Swiggy Limited	1.17% → 1.8%	▲ +0.63
HCL Technologies Limited	0.65% → 1.09%	▲ +0.44
Avenue Supermarts Limited	0.73% → 1.12%	▲ +0.39
Jubilant Foodworks Limited	1.19% → 1.53%	▲ +0.34
Balkrishna Industries Limited	0.76% → 0.98%	▲ +0.22
Vedanta Aluminium Metal Limited	0.31% → 0.51%	▲ +0.2
Divi's Laboratories Limited	0.8% → 0.97%	▲ +0.17
ICICI Prudential Life Insurance Company Limited	0.45% → 0.61%	▲ +0.16

Biggest Weight Reductions

Stock	Weight	Change
ICICI Bank Limited	4.89% → 4.41%	▼ -0.48
HDFC Bank Limited	7.57% → 7.1%	▼ -0.47
Max Financial Services Limited	1.93% → 1.66%	▼ -0.27
GE Vernova T&D India Limited	1.97% → 1.7%	▼ -0.27
Linde India Limited	2.04% → 1.85%	▼ -0.19
Tube Investments of India Limited	0.44% → 0.25%	▼ -0.19
Siemens Energy India Limited	1.2% → 1.03%	▼ -0.17
Aditya Birla Sun Life AMC Limited	1.1% → 0.94%	▼ -0.16
Vijaya Diagnostic Centre Limited	0.86% → 0.73%	▼ -0.13
Delhivery Limited	0.63% → 0.5%	▼ -0.13

Top Holdings — Weight Trend

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

7.1%

4.92%

4.41%

3.87%

Bajaj Finance Limited

1.97%

Full Portfolio (116 holdings)

#	Holding	Sector	% to NAV
1	HDFC Bank Limited	Financial Services	7.1%
2	Axis Bank Limited	Financial Services	4.92%
3	ICICI Bank Limited	Financial Services	4.41%
4	Infosys Limited	Information Technology	3.87%
5	Bajaj Finance Limited	Financial Services	1.97%
6	NTPC Limited	Utilities	1.86%
7	Linde India Limited	Materials	1.85%
8	Swiggy Limited	Consumer Discretionary	1.8%
9	Reliance Industries Limited	Energy	1.78%
10	Larsen & Toubro Limited	Industrials	1.77%
11	GE Vernova T&D India Limited	Industrials	1.7%
12	Max Financial Services Limited	Financial Services	1.66%
13	Samvardhana Motherson International Limited	Consumer Discretionary	1.58%
14	Jubilant Foodworks Limited	Consumer Discretionary	1.53%
15	Mahindra & Mahindra Limited	Consumer Discretionary	1.47%
16	ITC Limited	Consumer Staples	1.42%
17	Tata Consultancy Services Limited	Information Technology	1.4%
18	Tata Power Company Limited	Utilities	1.35%
19	State Bank of India	Financial Services	1.27%
20	Vesuvius India Limited	Industrials	1.2%
21	FSN E-Commerce Ventures Limited	Consumer Discretionary	1.2%
22	EIH Limited	Consumer Discretionary	1.19%
23	Voltas Limited	Consumer Discretionary	1.15%
24	Avenue Supermarts Limited	Consumer Discretionary	1.12%
25	Dixon Technologies (India) Limited	Consumer Discretionary	1.09%
26	HCL Technologies Limited	Information Technology	1.09%
27	The Indian Hotels Company Limited	Consumer Discretionary	1.09%
28	Lupin Limited	Healthcare	1.09%
29	SBI Cards and Payment Services Limited	Financial Services	1.04%
30	Siemens Energy India Limited	Industrials	1.03%
31	Kennametal India Limited	Industrials	0.99%
32	Balkrishna Industries Limited	Consumer Discretionary	0.98%
33	ETERNAL LIMITED	Consumer Discretionary	0.98%
34	Divi's Laboratories Limited	Healthcare	0.97%
35	Sun Pharmaceutical Industries Limited	Healthcare	0.96%
36	Aditya Birla Sun Life AMC Limited	Financial Services	0.94%
37	Page Industries Limited	Consumer Discretionary	0.93%
38	Trent Limited	Consumer Discretionary	0.91%
39	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.9%
40	Sai Life Sciences Limited	Healthcare	0.84%
41	CG Power and Industrial Solutions Limited	Industrials	0.82%
42	Emami Limited	Consumer Staples	0.82%
43	Vishal Mega Mart Limited	Consumer Discretionary	0.82%
44	Niva Bupa Health Insurance Company Limited	Financial Services	0.8%
45	Devyani International Limited	Consumer Discretionary	0.74%
46	Vijaya Diagnostic Centre Limited	Healthcare	0.73%
47	Triparty Repotreps	—	0.73%
48	Aditya Birla Lifestyle Brands Limited	Consumer Discretionary	0.72%
49	PB Fintech Limited	Financial Services	0.71%
50	PVR INOX Limited	Consumer Discretionary	0.68%
51	ITC Hotels Limited	Consumer Discretionary	0.68%
52	Berger Paints (I) Limited	Consumer Discretionary	0.66%
53	NTPC Green Energy Limited	Utilities	0.66%
54	Container Corporation of India Limited	Services	0.66%
55	United Breweries Limited	Consumer Staples	0.64%
56	Colgate Palmolive (India) Limited	Consumer Staples	0.63%
57	Abbott India Limited	Healthcare	0.63%
58	Cipla Limited	Healthcare	0.63%
59	Hitachi Energy India Limited	Industrials	0.62%
60	Kansai Nerolac Paints Limited	Consumer Discretionary	0.61%
61	ICICI Prudential Life Insurance Company Limited	Financial Services	0.61%
62	Emcure Pharmaceuticals Limited	Healthcare	0.61%
63	Gillette India Limited	Consumer Staples	0.6%
64	WESTLIFE FOODWORLD LIMITED	Consumer Discretionary	0.59%
65	Info Edge (India) Limited	Consumer Discretionary	0.59%
66	Net Current Assetsother	—	0.58%
67	ZF Commercial Vehicle Control Systems India Limited	Consumer Discretionary	0.56%
68	KEC International Limited	Industrials	0.56%
69	Schneider Electric Infrastructure Limited	Industrials	0.56%
70	Gland Pharma Limited	Healthcare	0.54%
71	Vedanta Aluminium Metal Limited	Diversified	0.51%
72	Delhivery Limited	Services	0.5%
73	JSW Dulux Limited	Consumer Discretionary	0.48%
74	ABB India Limited	Industrials	0.47%
75	Sheela Foam Limited	Consumer Discretionary	0.46%
76	Syngene International Limited	Healthcare	0.46%
77	SBI Life Insurance Company Limited	Financial Services	0.46%
78	Ajanta Pharma Limited	Healthcare	0.46%
79	JK Cement Limited	Materials	0.44%
80	Timken India Limited	Industrials	0.43%
81	CESC Limited	Utilities	0.43%
82	Triveni Turbine Limited	Industrials	0.41%
83	Vedant Fashions Limited	Consumer Discretionary	0.41%
84	Dr. Lal Path Labs Ltd.	Healthcare	0.39%
85	IPCA Laboratories Limited	Healthcare	0.39%
86	JSW Energy Limited	Utilities	0.39%
87	Mahindra Logistics Limited	Services	0.39%
88	NLC India Limited	Utilities	0.38%
89	Blue Star Limited	Consumer Discretionary	0.36%
90	3M India Limited	Diversified	0.35%
91	Medplus Health Services Limited	Consumer Discretionary	0.32%
92	Pfizer Limited	Healthcare	0.31%
93	Shoppers Stop Limited	Consumer Discretionary	0.29%
94	VRL Logistics Limited	Services	0.29%
95	UTI Asset Management Company Limited	Financial Services	0.28%
96	Kaynes Technology India Limited	Industrials	0.28%
97	Whirlpool of India Limited	Consumer Discretionary	0.27%
98	Tube Investments of India Limited	Consumer Discretionary	0.25%
99	Kajaria Ceramics Limited	Consumer Discretionary	0.25%
100	InterGlobe Aviation Limited	Services	0.25%
101	BlueStone Jewellery and Lifestyle Limited	Consumer Discretionary	0.23%
102	Sapphire Foods India Limited	Consumer Discretionary	0.23%
103	Sanofi Consumer Healthcare India Limited	Healthcare	0.23%
104	Teamlease Services Limited	Industrials	0.21%
105	Clean Science and Technology Limited	Materials	0.19%
106	TCI Express Limited	Services	0.19%
107	CARE Ratings Limited	Financial Services	0.17%
108	Kalpataru Projects International Limited	Industrials	0.17%
109	Indigo Paints Limited	Consumer Discretionary	0.17%
110	Cyient DLM Limited	Industrials	0.16%
111	Awfis Space Solutions Limited	Industrials	0.14%
112	Afcons Infrastructure Limited	Industrials	0.12%
113	Go Fashion (India) Limited	Consumer Discretionary	0.12%
114	Electronics Mart India Limited	Consumer Discretionary	0.07%
115	Aditya Birla Fashion and Retail Limited	Consumer Discretionary	0.05%
116	Cash Margin - CCILother	—	0%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 7.1% of NIPPON INDIA MULTI CAP FUND's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 4.92% of NIPPON INDIA MULTI CAP FUND's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 4.41% of NIPPON INDIA MULTI CAP FUND's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, Infosys Limited is 3.87% of NIPPON INDIA MULTI CAP FUND's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Bajaj Finance Limited is 1.97% of NIPPON INDIA MULTI 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.