Nippon India Multi Cap Fund

Nippon India Mutual FundEquityPortfolio as of 30 September 2026

Nippon India Multi Cap Fund holds 123 instruments (99.31% equity), led by HDFC Bank Limited (7.06%), Axis Bank Limited (5.07%) and Infosys Limited (3.06%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings

123

Equity Allocation

99.31%

AMC

Nippon India Mutual Fund

Portfolio Analysis

Nippon India Multi Cap Fund's top 10 holdings account for 28.44% of its portfolio, more diversified than the Equity category average of 37%. Consumer Discretionary is its largest sector exposure at 29.31% of net assets, spread across 11 sectors in total. Since its 31 August 2026 disclosure, the fund added 3 new positions and exited 3 positions, with Avenue Supermarts Limited seeing the largest move (+0.42pp to 1.63%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Consumer Discretionary

29.31%

Financial Services

28.51%

Industrials

11.64%

Healthcare

9.59%

Information Technology

4.96%

Consumer Staples

4.54%

Utilities

4.29%

Materials

2.42%

Services

1.81%

Energy

1.34%

Diversified

0.9%

Other

0.69%

Top 10 Equity Holdings

HDFC Bank Limited · 7.06%Axis Bank Limited · 5.07%Infosys Limited · 3.06%ICICI Bank Limited · 2.97%Linde India Limited · 1.79%NTPC Limited · 1.79%Larsen & Toubro Limited · 1.74%Samvardhana Motherson International Limited · 1.7%Bajaj Finance Limited · 1.63%Swiggy Limited · 1.63%

What Changed: August 2026 → September 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 entries3 exits10 increased10 reduced

New Entries

TVS Motor Company Limited · 0.47%Power Finance Corporation Limited · 0.39%Go Digit General Insurance Limited · 0.25%

Complete Exits

InterGlobe Aviation Limited · was 0.46%JSW Energy Limited · was 0.21%Afcons Infrastructure Limited · was 0.13%

Biggest Weight Increases

Stock	Weight	Change
Avenue Supermarts Limited	1.21% → 1.63%	▲ +0.42
HDFC Bank Limited	6.64% → 7.06%	▲ +0.42
LG Electronics India Limited	0.54% → 0.92%	▲ +0.38
Multi Commodity Exchange of India Limited	0.96% → 1.27%	▲ +0.31
ITC Limited	1.27% → 1.49%	▲ +0.22
Colgate Palmolive (India) Limited	0.69% → 0.9%	▲ +0.21
ICICI Lombard General Insurance Company Limited	0.55% → 0.75%	▲ +0.2
Piramal Finance Limited	0.11% → 0.26%	▲ +0.15
Page Industries Limited	0.81% → 0.95%	▲ +0.14
AU Small Finance Bank Limited	1.16% → 1.27%	▲ +0.11

Biggest Weight Reductions

Stock	Weight	Change
Tata Consultancy Services Limited	1.41% → 0.99%	▼ -0.42
Reliance Industries Limited	1.72% → 1.34%	▼ -0.38
Infosys Limited	3.43% → 3.06%	▼ -0.37
Dixon Technologies (India) Limited	1% → 0.73%	▼ -0.27
Mahindra & Mahindra Limited	1.56% → 1.35%	▼ -0.21
Max Financial Services Limited	1.72% → 1.51%	▼ -0.21
PB Fintech Limited	0.89% → 0.69%	▼ -0.2
Hitachi Energy India Limited	0.52% → 0.35%	▼ -0.17
ICICI Bank Limited	3.12% → 2.97%	▼ -0.15
Jubilant Foodworks Limited	1.63% → 1.49%	▼ -0.14

Top Holdings — Weight Trend

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

7.06%

5.07%

3.06%

2.97%

1.79%

Full Portfolio (123 holdings)

#	Holding	Sector	% to NAV
1	HDFC Bank Limited	Financial Services	7.06%
2	Axis Bank Limited	Financial Services	5.07%
3	Infosys Limited	Information Technology	3.06%
4	ICICI Bank Limited	Financial Services	2.97%
5	Linde India Limited	Materials	1.79%
6	NTPC Limited	Utilities	1.79%
7	Larsen & Toubro Limited	Industrials	1.74%
8	Samvardhana Motherson International Limited	Consumer Discretionary	1.7%
9	Bajaj Finance Limited	Financial Services	1.63%
10	Swiggy Limited	Consumer Discretionary	1.63%
11	Avenue Supermarts Limited	Consumer Discretionary	1.63%
12	GE Vernova T&D India Limited	Industrials	1.58%
13	Max Financial Services Limited	Financial Services	1.51%
14	ITC Limited	Consumer Staples	1.49%
15	Jubilant Foodworks Limited	Consumer Discretionary	1.49%
16	Kennametal India Limited	Industrials	1.4%
17	Mahindra & Mahindra Limited	Consumer Discretionary	1.35%
18	Reliance Industries Limited	Energy	1.34%
19	AU Small Finance Bank Limited	Financial Services	1.27%
20	Multi Commodity Exchange of India Limited	Financial Services	1.27%
21	State Bank of India	Financial Services	1.23%
22	Vesuvius India Limited	Industrials	1.19%
23	FSN E-Commerce Ventures Limited	Consumer Discretionary	1.19%
24	Divi's Laboratories Limited	Healthcare	1.15%
25	Sai Life Sciences Limited	Healthcare	1.13%
26	Tata Power Company Limited	Utilities	1.08%
27	Siemens Energy India Limited	Industrials	1%
28	Tata Consultancy Services Limited	Information Technology	0.99%
29	Aditya Birla Sun Life AMC Limited	Financial Services	0.96%
30	Voltas Limited	Consumer Discretionary	0.96%
31	ETERNAL LIMITED	Consumer Discretionary	0.96%
32	Page Industries Limited	Consumer Discretionary	0.95%
33	Balkrishna Industries Limited	Consumer Discretionary	0.92%
34	LG Electronics India Limited	Consumer Discretionary	0.92%
35	HCL Technologies Limited	Information Technology	0.91%
36	EIH Limited	Consumer Discretionary	0.91%
37	Sun Pharmaceutical Industries Limited	Healthcare	0.91%
38	Colgate Palmolive (India) Limited	Consumer Staples	0.9%
39	Devyani International Limited	Consumer Discretionary	0.88%
40	Emami Limited	Consumer Staples	0.84%
41	Triparty Repotreps	—	0.84%
42	Trent Limited	Consumer Discretionary	0.82%
43	Vishal Mega Mart Limited	Consumer Discretionary	0.8%
44	The Indian Hotels Company Limited	Consumer Discretionary	0.79%
45	Vijaya Diagnostic Centre Limited	Healthcare	0.78%
46	PVR INOX Limited	Consumer Discretionary	0.75%
47	ICICI Lombard General Insurance Company Limited	Financial Services	0.75%
48	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.74%
49	Abbott India Limited	Healthcare	0.74%
50	Dixon Technologies (India) Limited	Consumer Discretionary	0.73%
51	CG Power and Industrial Solutions Limited	Industrials	0.72%
52	WESTLIFE FOODWORLD LIMITED	Consumer Discretionary	0.72%
53	Lupin Limited	Healthcare	0.72%
54	Niva Bupa Health Insurance Company Limited	Financial Services	0.71%
55	SBI Cards and Payment Services Limited	Financial Services	0.7%
56	NTPC Green Energy Limited	Utilities	0.7%
57	PB Fintech Limited	Financial Services	0.69%
58	ITC Hotels Limited	Consumer Discretionary	0.69%
59	Gillette India Limited	Consumer Staples	0.66%
60	United Breweries Limited	Consumer Staples	0.65%
61	Cipla Limited	Healthcare	0.64%
62	Gland Pharma Limited	Healthcare	0.64%
63	Berger Paints (I) Limited	Consumer Discretionary	0.6%
64	Aditya Birla Lifestyle Brands Limited	Consumer Discretionary	0.6%
65	KEC International Limited	Industrials	0.59%
66	Kansai Nerolac Paints Limited	Consumer Discretionary	0.59%
67	ZF Commercial Vehicle Control Systems India Limited	Consumer Discretionary	0.57%
68	Blue Star Limited	Consumer Discretionary	0.56%
69	Vedanta Aluminium Metal Limited	Diversified	0.56%
70	Emcure Pharmaceuticals Limited	Healthcare	0.56%
71	Info Edge (India) Limited	Consumer Discretionary	0.56%
72	ICICI Prudential Life Insurance Company Limited	Financial Services	0.54%
73	JSW Dulux Limited	Consumer Discretionary	0.52%
74	Meesho Limited	Consumer Discretionary	0.52%
75	Schneider Electric Infrastructure Limited	Industrials	0.51%
76	Ajanta Pharma Limited	Healthcare	0.5%
77	Container Corporation of India Limited	Services	0.5%
78	TVS Motor Company Limited	Consumer Discretionary	0.47%
79	ABB India Limited	Industrials	0.45%
80	Syngene International Limited	Healthcare	0.45%
81	Timken India Limited	Industrials	0.45%
82	Vedant Fashions Limited	Consumer Discretionary	0.45%
83	IPCA Laboratories Limited	Healthcare	0.44%
84	Delhivery Limited	Services	0.44%
85	SBI Life Insurance Company Limited	Financial Services	0.43%
86	JK Cement Limited	Materials	0.42%
87	Dr. Lal Path Labs Ltd.	Healthcare	0.42%
88	Power Finance Corporation Limited	Financial Services	0.39%
89	Billionbrains Garage Ventures Limited	Financial Services	0.38%
90	Sheela Foam Limited	Consumer Discretionary	0.38%
91	Triveni Turbine Limited	Industrials	0.38%
92	CESC Limited	Utilities	0.36%
93	NLC India Limited	Utilities	0.36%
94	Mahindra Logistics Limited	Services	0.36%
95	Hitachi Energy India Limited	Industrials	0.35%
96	3M India Limited	Diversified	0.34%
97	VRL Logistics Limited	Services	0.32%
98	Whirlpool of India Limited	Consumer Discretionary	0.31%
99	Shoppers Stop Limited	Consumer Discretionary	0.31%
100	Medplus Health Services Limited	Consumer Discretionary	0.31%
101	UTI Asset Management Company Limited	Financial Services	0.28%
102	Kajaria Ceramics Limited	Consumer Discretionary	0.27%
103	Kaynes Technology India Limited	Industrials	0.27%
104	Sapphire Foods India Limited	Consumer Discretionary	0.27%
105	Piramal Finance Limited	Financial Services	0.26%
106	Pfizer Limited	Healthcare	0.26%
107	Go Digit General Insurance Limited	Financial Services	0.25%
108	Cummins India Limited	Industrials	0.23%
109	Cyient DLM Limited	Industrials	0.22%
110	Kalpataru Projects International Limited	Industrials	0.22%
111	Clean Science and Technology Limited	Materials	0.21%
112	Teamlease Services Limited	Industrials	0.21%
113	Sanofi Consumer Healthcare India Limited	Healthcare	0.19%
114	TCI Express Limited	Services	0.19%
115	Indigo Paints Limited	Consumer Discretionary	0.18%
116	CARE Ratings Limited	Financial Services	0.16%
117	BlueStone Jewellery and Lifestyle Limited	Consumer Discretionary	0.15%
118	Awfis Space Solutions Limited	Industrials	0.13%
119	Go Fashion (India) Limited	Consumer Discretionary	0.12%
120	GlaxoSmithKline Pharmaceuticals Limited	Healthcare	0.06%
121	Aditya Birla Fashion and Retail Limited	Consumer Discretionary	0.04%
122	Cash Margin - CCILother	—	0.01%
123	Net Current Assetsother	—	-0.16%

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, HDFC Bank Limited is 7.06% of Nippon India Multi Cap Fund's net assets — its number 1 holding.

Yes. As of its 30 September 2026 disclosure, Axis Bank Limited is 5.07% of Nippon India Multi Cap Fund's net assets — its number 2 holding.

Yes. As of its 30 September 2026 disclosure, Infosys Limited is 3.06% of Nippon India Multi Cap Fund's net assets — its number 3 holding.

Yes. As of its 30 September 2026 disclosure, ICICI Bank Limited is 2.97% of Nippon India Multi Cap Fund's net assets — its number 4 holding.

Yes. As of its 30 September 2026 disclosure, Linde India Limited is 1.79% 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 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.