Nippon India Arbitrage Fund holds 179 instruments (68.02% equity), led by Reliance Industries Limited (4.83%), HDFC Bank Limited (4.62%) and ICICI Bank Limited (4.21%), as of its 30 September 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of Nippon India Arbitrage Fund, managed by Nippon India Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 179 instruments with an equity allocation of 68.02%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
Nippon India Arbitrage Fund's top 10 holdings account for 25.76% of its portfolio, in line with the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 27.4% of net assets, spread across 12 sectors in total. Since its 31 August 2026 disclosure, the fund added 8 new positions and exited 14 positions, with ICICI Bank Limited seeing the largest move (+2.71pp to 4.21%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
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.
| Stock | Weight | Change |
|---|---|---|
| ICICI Bank Limited | 1.5% → 4.21% | ▲ +2.71 |
| Reliance Industries Limited | 4.21% → 4.83% | ▲ +0.62 |
| IndusInd Bank Limited | 0.01% → 0.6% | ▲ +0.59 |
| Bajaj Finance Limited | 1.18% → 1.71% | ▲ +0.53 |
| Cummins India Limited | 0.38% → 0.76% | ▲ +0.38 |
| Infosys Limited | 0.43% → 0.68% | ▲ +0.25 |
| Power Finance Corporation Limited | 0.08% → 0.3% | ▲ +0.22 |
| HDFC Bank Limited | 4.46% → 4.62% | ▲ +0.16 |
| Life Insurance Corporation Of India | 0.33% → 0.47% | ▲ +0.14 |
| Bandhan Bank Limited | 0.18% → 0.31% | ▲ +0.13 |
| Stock | Weight | Change |
|---|---|---|
| Kotak Mahindra Bank Limited | 1.72% → 1.09% | ▼ -0.63 |
| Axis Bank Limited | 3.03% → 2.45% | ▼ -0.58 |
| Shriram Finance Limited | 0.59% → 0.1% | ▼ -0.49 |
| One 97 Communications Limited | 0.95% → 0.49% | ▼ -0.46 |
| NTPC Limited | 0.68% → 0.22% | ▼ -0.46 |
| Ashok Leyland Limited | 0.52% → 0.18% | ▼ -0.34 |
| Tata Consultancy Services Limited | 0.41% → 0.11% | ▼ -0.3 |
| Vedanta Limited | 0.34% → 0.05% | ▼ -0.29 |
| Info Edge (India) Limited | 0.84% → 0.56% | ▼ -0.28 |
| Bharat Electronics Limited | 0.32% → 0.07% | ▼ -0.25 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Apr – Sept 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | Nippon India Money Market Fund - Direct Plan Growth Plan - Growth Optionmf | — | 15.46% |
| 2 | Nippon India Ultra Short Duration Fund- Direct Plan- Growth Optionmf | — | 8.14% |
| 3 | Reliance Industries Limited | Energy | 4.83% |
| 4 | HDFC Bank Limited | Financial Services | 4.62% |
| 5 | ICICI Bank Limited | Financial Services | 4.21% |
| 6 | Triparty Repotreps | — | 4.09% |
| 7 | Axis Bank Limited | Financial Services | 2.45% |
| 8 | State Bank of India | Financial Services | 2.02% |
| 9 | JSW Steel Limited | Materials | 1.81% |
| 10 | Bajaj Finance Limited | Financial Services | 1.71% |
| 11 | Maruti Suzuki India Limited | Consumer Discretionary | 1.42% |
| 12 | Tata Steel Limited | Materials | 1.35% |
| 13 | Vodafone Idea Limited | Telecommunication | 1.34% |
| 14 | Adani Enterprises Limited | Materials | 1.32% |
| 15 | Larsen & Toubro Limited | Industrials | 1.31% |
| 16 | Canara Bank | Financial Services | 1.17% |
| 17 | Small Industries Development Bank Of Indiabond | — | 1.14% |
| 18 | Steel Authority of India Limited | Materials | 1.11% |
| 19 | Kotak Mahindra Bank Limited | Financial Services | 1.09% |
| 20 | Adani Energy Solutions Limited | Utilities | 1.04% |
| 21 | Jio Financial Services Limited | Financial Services | 1.03% |
| 22 | AU Small Finance Bank Limited | Financial Services | 0.96% |
| 23 | Glenmark Pharmaceuticals Limited | Healthcare | 0.95% |
| 24 | Coal India Limited | Energy | 0.92% |
| 25 | Bharti Airtel Limited | Telecommunication | 0.91% |
| 26 | Manappuram Finance Limited | Financial Services | 0.86% |
| 27 | National Bank for Agriculture and Rural Developmentbond | — | 0.84% |
| 28 | Ambuja Cements Limited | Materials | 0.77% |
| 29 | Cummins India Limited | Industrials | 0.76% |
| 30 | Hindalco Industries Limited | Materials | 0.76% |
| 31 | TVS Motor Company Limited | Consumer Discretionary | 0.72% |
| 32 | Infosys Limited | Information Technology | 0.68% |
| 33 | HDFC Bank Limited 2026bond | — | 0.66% |
| 34 | IndusInd Bank Limited | Financial Services | 0.6% |
| 35 | Indus Towers Limited | Telecommunication | 0.6% |
| 36 | APL Apollo Tubes Limited | Industrials | 0.56% |
| 37 | Info Edge (India) Limited | Consumer Discretionary | 0.56% |
| 38 | NMDC Limited | Materials | 0.52% |
| 39 | Mahindra & Mahindra Limited | Consumer Discretionary | 0.51% |
| 40 | Yes Bank Limited | Financial Services | 0.5% |
| 41 | One 97 Communications Limited | Financial Services | 0.49% |
| 42 | Eicher Motors Limited | Consumer Discretionary | 0.48% |
| 43 | Punjab National Bank | Financial Services | 0.47% |
| 44 | Life Insurance Corporation Of India | Financial Services | 0.47% |
| 45 | ITC Limited | Consumer Staples | 0.46% |
| 46 | Hindustan Zinc Limited | Materials | 0.46% |
| 47 | Adani Green Energy Limited | Utilities | 0.46% |
| 48 | Marico Limited | Consumer Staples | 0.45% |
| 49 | Bank of Baroda | Financial Services | 0.45% |
| 50 | UltraTech Cement Limited | Materials | 0.45% |
| 51 | The Federal Bank Limited | Financial Services | 0.44% |
| 52 | Bharat Heavy Electricals Limited | Industrials | 0.44% |
| 53 | SMALL INDUSTRIES DEVELOPMENT BANK OF INDIAbond | — | 0.42% |
| 54 | IDFC First Bank Limited | Financial Services | 0.41% |
| 55 | Sun Pharmaceutical Industries Limited | Healthcare | 0.41% |
| 56 | Patanjali Foods Limited | Consumer Staples | 0.38% |
| 57 | The Indian Hotels Company Limited | Consumer Discretionary | 0.38% |
| 58 | Godrej Properties Limited | Real Estate | 0.38% |
| 59 | Muthoot Finance Limited | Financial Services | 0.37% |
| 60 | Hindustan Unilever Limited | Consumer Staples | 0.36% |
| 61 | Coforge Limited | Information Technology | 0.36% |
| 62 | Varun Beverages Limited | Consumer Staples | 0.33% |
| 63 | Crompton Greaves Consumer Electricals Limited | Consumer Discretionary | 0.33% |
| 64 | Asian Paints Limited | Consumer Discretionary | 0.33% |
| 65 | Biocon Limited | Healthcare | 0.33% |
| 66 | TATA CONSUMER PRODUCTS LIMITED | Consumer Staples | 0.32% |
| 67 | GE Vernova T&D India Limited | Industrials | 0.32% |
| 68 | Indian Oil Corporation Limited | Energy | 0.32% |
| 69 | Divi's Laboratories Limited | Healthcare | 0.32% |
| 70 | Bandhan Bank Limited | Financial Services | 0.31% |
| 71 | Grasim Industries Limited | Materials | 0.31% |
| 72 | Power Finance Corporation Limited | Financial Services | 0.3% |
| 73 | Supreme Industries Limited | Industrials | 0.3% |
| 74 | Cipla Limited | Healthcare | 0.29% |
| 75 | Adani Power Limited | Utilities | 0.29% |
| 76 | HDFC Bank Limitedbond | — | 0.28% |
| 77 | Axis Bank Limited 2027bond | — | 0.28% |
| 78 | SBI Life Insurance Company Limited | Financial Services | 0.27% |
| 79 | Container Corporation of India Limited | Services | 0.27% |
| 80 | Kalyan Jewellers India Limited | Consumer Discretionary | 0.26% |
| 81 | Fortis Healthcare Limited | Healthcare | 0.26% |
| 82 | HDFC Life Insurance Company Limited | Financial Services | 0.26% |
| 83 | HDFC Asset Management Company Limited | Financial Services | 0.24% |
| 84 | Bosch Limited | Consumer Discretionary | 0.23% |
| 85 | Alkem Laboratories Limited | Healthcare | 0.23% |
| 86 | NTPC Limited | Utilities | 0.22% |
| 87 | Tata Power Company Limited | Utilities | 0.22% |
| 88 | Tata Motors Passenger Vehicles Limited | Consumer Discretionary | 0.2% |
| 89 | Hero MotoCorp Limited | Consumer Discretionary | 0.2% |
| 90 | Solar Industries India Limited | Materials | 0.19% |
| 91 | LIC Housing Finance Limited | Financial Services | 0.19% |
| 92 | Ashok Leyland Limited | Industrials | 0.18% |
| 93 | Cholamandalam Investment and Finance Company Limited | Financial Services | 0.18% |
| 94 | HCL Technologies Limited | Information Technology | 0.17% |
| 95 | Small Industries Development Bank of India (MD )bond | — | 0.17% |
| 96 | Laurus Labs Limited | Healthcare | 0.16% |
| 97 | Hitachi Energy India Limited | Industrials | 0.15% |
| 98 | ICICI Prudential Life Insurance Company Limited | Financial Services | 0.15% |
| 99 | ETERNAL LIMITED | Consumer Discretionary | 0.15% |
| 100 | RBL Bank Limited | Financial Services | 0.14% |
| 101 | Voltas Limited | Consumer Discretionary | 0.14% |
| 102 | PNB Housing Finance Limited | Financial Services | 0.14% |
| 103 | Apollo Hospitals Enterprise Limited | Healthcare | 0.14% |
| 104 | Torrent Pharmaceuticals Limited | Healthcare | 0.14% |
| 105 | Delhivery Limited | Services | 0.14% |
| 106 | Bank of Baroda^bond | — | 0.14% |
| 107 | National Bank For Agriculture and Rural Developmentbond | — | 0.14% |
| 108 | National Bank For Agriculture and Rural Development 2027bond | — | 0.14% |
| 109 | Bank of India | Financial Services | 0.13% |
| 110 | Titan Company Limited | Consumer Discretionary | 0.13% |
| 111 | Bharat Petroleum Corporation Limited | Energy | 0.13% |
| 112 | Aurobindo Pharma Limited | Healthcare | 0.13% |
| 113 | Hindustan Aeronautics Limited | Industrials | 0.12% |
| 114 | Aditya Birla Capital Limited | Financial Services | 0.12% |
| 115 | JSW Energy Limited | Utilities | 0.12% |
| 116 | Bajaj Auto Limited | Consumer Discretionary | 0.11% |
| 117 | SAGILITY LIMITED | Information Technology | 0.11% |
| 118 | Tata Consultancy Services Limited | Information Technology | 0.11% |
| 119 | Bank of Barodabond | — | 0.11% |
| 120 | Shriram Finance Limited | Financial Services | 0.1% |
| 121 | Oil & Natural Gas Corporation Limited | Energy | 0.1% |
| 122 | The Phoenix Mills Limited | Real Estate | 0.1% |
| 123 | Trent Limited | Consumer Discretionary | 0.1% |
| 124 | InterGlobe Aviation Limited | Services | 0.1% |
| 125 | Union Bank of India | Financial Services | 0.09% |
| 126 | PG Electroplast Limited | Consumer Discretionary | 0.09% |
| 127 | ICICI Lombard General Insurance Company Limited | Financial Services | 0.09% |
| 128 | NBCC (India) Limited | Industrials | 0.08% |
| 129 | SBI Cards and Payment Services Limited | Financial Services | 0.08% |
| 130 | Bajaj Finserv Limited | Financial Services | 0.08% |
| 131 | Dabur India Limited | Consumer Staples | 0.08% |
| 132 | Lupin Limited | Healthcare | 0.08% |
| 133 | Swiggy Limited | Consumer Discretionary | 0.08% |
| 134 | Bharat Electronics Limited | Industrials | 0.07% |
| 135 | Samvardhana Motherson International Limited | Consumer Discretionary | 0.07% |
| 136 | Angel One Limited | Financial Services | 0.07% |
| 137 | SRF Limited | Materials | 0.07% |
| 138 | Bank of Maharashtra | Financial Services | 0.06% |
| 139 | Nestle India Limited | Consumer Staples | 0.06% |
| 140 | Colgate Palmolive (India) Limited | Consumer Staples | 0.06% |
| 141 | Adani Ports and Special Economic Zone Limited | Services | 0.06% |
| 142 | Bharat Forge Limited | Consumer Discretionary | 0.05% |
| 143 | Vedanta Limited | Materials | 0.05% |
| 144 | Inox Wind Limited | Industrials | 0.05% |
| 145 | JINDAL STEEL LIMITED | Materials | 0.05% |
| 146 | Bajaj Holdings & Investment Limited | Financial Services | 0.05% |
| 147 | GAIL (India) Limited | Utilities | 0.05% |
| 148 | Tech Mahindra Limited | Information Technology | 0.05% |
| 149 | Prestige Estates Projects Limited | Real Estate | 0.05% |
| 150 | Tube Investments of India Limited | Consumer Discretionary | 0.04% |
| 151 | Ather Energy Limited | Consumer Discretionary | 0.04% |
| 152 | Suzlon Energy Limited | Industrials | 0.04% |
| 153 | KPIT Technologies Limited | Information Technology | 0.04% |
| 154 | Radico Khaitan Limited | Consumer Staples | 0.03% |
| 155 | PB Fintech Limited | Financial Services | 0.03% |
| 156 | Hindustan Petroleum Corporation Limited | Energy | 0.03% |
| 157 | FSN E-Commerce Ventures Limited | Consumer Discretionary | 0.03% |
| 158 | Avenue Supermarts Limited | Consumer Discretionary | 0.03% |
| 159 | Page Industries Limited | Consumer Discretionary | 0.03% |
| 160 | Punjab National Bank 2027bond | — | 0.03% |
| 161 | CG Power and Industrial Solutions Limited | Industrials | 0.02% |
| 162 | Polycab India Limited | Industrials | 0.02% |
| 163 | National Aluminium Company Limited | Materials | 0.02% |
| 164 | Lodha Developers Limited | Real Estate | 0.02% |
| 165 | Cash Margin - CCILother | — | 0.02% |
| 166 | UNO Minda Limited | Consumer Discretionary | 0.01% |
| 167 | United Spirits Limited | Consumer Staples | 0.01% |
| 168 | UPL Limited | Materials | 0.01% |
| 169 | MphasiS Limited | Information Technology | 0.01% |
| 170 | Oberoi Realty Limited | Real Estate | 0.01% |
| 171 | GMR AIRPORTS LIMITED | Services | 0.01% |
| 172 | ABB India Limited | Industrials | 0% |
| 173 | Max Financial Services Limited | Financial Services | 0% |
| 174 | Britannia Industries Limited | Consumer Staples | 0% |
| 175 | Pidilite Industries Limited | Materials | 0% |
| 176 | Zydus Lifesciences Limited | Healthcare | 0% |
| 177 | Oil India Limited | Energy | 0% |
| 178 | DLF Limited | Real Estate | 0% |
| 179 | Net Current Assetsother | — | -0.08% |
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 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.