NIPPON INDIA VALUE FUND

Nippon India Mutual FundEquityPortfolio as of 31 July 2026

NIPPON INDIA VALUE FUND holds 90 instruments (97.74% equity), led by HDFC Bank Limited (7.52%), State Bank of India (4.53%) and NTPC Limited (3.6%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

97.74%

AMC

Nippon India Mutual Fund

Portfolio Analysis

NIPPON INDIA VALUE FUND's top 10 holdings account for 36% of its portfolio, in line with the Equity category average of 37.5%. Financial Services is its largest sector exposure at 35.87% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 5 new positions and exited 2 positions, with Swiggy Limited seeing the largest move (+1.37pp to 1.88%).

Top 10 Equity Holdings

HDFC Bank Limited · 7.52%State Bank of India · 4.53%NTPC Limited · 3.6%ICICI Bank Limited · 3.4%Axis Bank Limited · 3.16%IndusInd Bank Limited · 3.04%Bharti Airtel Limited · 2.86%Kotak Mahindra Bank Limited · 2.85%Reliance Industries Limited · 2.76%Bharat Heavy Electricals Limited · 2.28%

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.

5 new entries2 exits10 increased10 reduced

New Entries

Exide Industries Limited · 0.96%LASER POWER & INFRA LTD · 0.56%Star Health and Allied Insurance Company Limited · 0.26%KUSUMGAR LTD · 0.19%PI Industries Limited · 0.18%

Complete Exits

Hindustan Petroleum Corporation Limited · was 0.88%Vedanta Power Limited · was 0.07%

Biggest Weight Increases

Stock	Weight	Change
Swiggy Limited	0.51% → 1.88%	▲ +1.37
Oil & Natural Gas Corporation Limited	0.52% → 1.6%	▲ +1.08
KPIT Technologies Limited	0.56% → 0.99%	▲ +0.43
Alkem Laboratories Limited	0.66% → 0.99%	▲ +0.33
Kaynes Technology India Limited	1.02% → 1.33%	▲ +0.31
Balkrishna Industries Limited	0.78% → 1.07%	▲ +0.29
Tata Consultancy Services Limited	1.74% → 2%	▲ +0.26
LTM Limited	1.08% → 1.31%	▲ +0.23
TBO Tek Limited	0.26% → 0.44%	▲ +0.18
Infosys Limited	1.48% → 1.64%	▲ +0.16

Biggest Weight Reductions

Stock	Weight	Change
ICICI Bank Limited	4.07% → 3.4%	▼ -0.67
HDFC Bank Limited	8.15% → 7.52%	▼ -0.63
UTI Asset Management Company Limited	0.76% → 0.28%	▼ -0.48
Axis Bank Limited	3.51% → 3.16%	▼ -0.35
IndusInd Bank Limited	3.35% → 3.04%	▼ -0.31
Asian Paints Limited	1.96% → 1.71%	▼ -0.25
Tata Motors Passenger Vehicles Limited	0.77% → 0.54%	▼ -0.23
Dr. Lal Path Labs Ltd.	0.85% → 0.63%	▼ -0.22
Inox Wind Limited	0.38% → 0.2%	▼ -0.18
NTPC Limited	3.75% → 3.6%	▼ -0.15

Top Holdings — Weight Trend

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

7.52%

4.53%

3.6%

3.4%

3.16%

Full Portfolio (90 holdings)

#	Holding	Sector	% to NAV
1	HDFC Bank Limited	Financial Services	7.52%
2	State Bank of India	Financial Services	4.53%
3	NTPC Limited	Utilities	3.6%
4	ICICI Bank Limited	Financial Services	3.4%
5	Axis Bank Limited	Financial Services	3.16%
6	IndusInd Bank Limited	Financial Services	3.04%
7	Bharti Airtel Limited	Telecommunication	2.86%
8	Kotak Mahindra Bank Limited	Financial Services	2.85%
9	Reliance Industries Limited	Energy	2.76%
10	Bharat Heavy Electricals Limited	Industrials	2.28%
11	Bajaj Finance Limited	Financial Services	2.24%
12	Maruti Suzuki India Limited	Consumer Discretionary	2.21%
13	Tata Consultancy Services Limited	Information Technology	2%
14	Larsen & Toubro Limited	Industrials	1.99%
15	Swiggy Limited	Consumer Discretionary	1.88%
16	PG Electroplast Limited	Consumer Discretionary	1.79%
17	Piramal Finance Limited	Financial Services	1.77%
18	Asian Paints Limited	Consumer Discretionary	1.71%
19	ITC Limited	Consumer Staples	1.71%
20	Infosys Limited	Information Technology	1.64%
21	Oil & Natural Gas Corporation Limited	Energy	1.6%
22	Torrent Pharmaceuticals Limited	Healthcare	1.57%
23	Voltas Limited	Consumer Discretionary	1.54%
24	Coal India Limited	Energy	1.47%
25	JINDAL STEEL LIMITED	Materials	1.47%
26	Kaynes Technology India Limited	Industrials	1.33%
27	Triparty Repotreps	—	1.33%
28	LTM Limited	Information Technology	1.31%
29	NTPC Green Energy Limited	Utilities	1.23%
30	Trent Limited	Consumer Discretionary	1.14%
31	Dixon Technologies (India) Limited	Consumer Discretionary	1.11%
32	Balkrishna Industries Limited	Consumer Discretionary	1.07%
33	Fortis Healthcare Limited	Healthcare	0.99%
34	KPIT Technologies Limited	Information Technology	0.99%
35	Alkem Laboratories Limited	Healthcare	0.99%
36	Exide Industries Limited	Consumer Discretionary	0.96%
37	Max Financial Services Limited	Financial Services	0.94%
38	LIC Housing Finance Limited	Financial Services	0.85%
39	Equitas Small Finance Bank Limited	Financial Services	0.82%
40	Grasim Industries Limited	Materials	0.81%
41	Fusion Finance Limited	Financial Services	0.81%
42	Vedanta Aluminium Metal Limited	Diversified	0.8%
43	Indigo Paints Limited	Consumer Discretionary	0.79%
44	NLC India Limited	Utilities	0.77%
45	Saatvik Green Energy Limited	Industrials	0.74%
46	Acme Solar Holdings Limited	Utilities	0.71%
47	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.69%
48	Varun Beverages Limited	Consumer Staples	0.68%
49	ICICI Prudential Life Insurance Company Limited	Financial Services	0.67%
50	Dr. Lal Path Labs Ltd.	Healthcare	0.63%
51	Angel One Limited	Financial Services	0.61%
52	Intellect Design Arena Limited	Information Technology	0.6%
53	Sonata Software Limited	Information Technology	0.59%
54	Piramal Pharma Limited	Healthcare	0.59%
55	LASER POWER & INFRA LTD	Industrials	0.56%
56	Cash Margin - Derivativesother	—	0.55%
57	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.54%
58	Ador Welding Limited	Industrials	0.54%
59	L&T Finance Limited	Financial Services	0.53%
60	Carborundum Universal Limited	Industrials	0.53%
61	Tata Communications Limited	Telecommunication	0.52%
62	Cholamandalam Financial Holdings Limited	Financial Services	0.51%
63	Mahindra & Mahindra Limited	Consumer Discretionary	0.49%
64	Allied Blenders and Distillers Limited	Consumer Staples	0.48%
65	Jubilant Foodworks Limited	Consumer Discretionary	0.47%
66	Vedanta Limited	Materials	0.46%
67	AU Small Finance Bank Limited	Financial Services	0.44%
68	TBO Tek Limited	Consumer Discretionary	0.44%
69	India Shelter Finance Corporation Limited	Financial Services	0.42%
70	Awfis Space Solutions Limited	Industrials	0.37%
71	Indraprastha Gas Limited	Utilities	0.37%
72	Net Current Assetsother	—	0.37%
73	JSW Energy Limited	Utilities	0.31%
74	UTI Asset Management Company Limited	Financial Services	0.28%
75	The Phoenix Mills Limited	Real Estate	0.27%
76	Star Health and Allied Insurance Company Limited	Financial Services	0.26%
77	Stanley Lifestyles Limited	Consumer Discretionary	0.25%
78	Somany Ceramics Limited	Consumer Discretionary	0.24%
79	PB Fintech Limited	Financial Services	0.22%
80	Inox Wind Limited	Industrials	0.2%
81	Finolex Cables Limited	Industrials	0.2%
82	Electronics Mart India Limited	Consumer Discretionary	0.19%
83	KUSUMGAR LTD	Consumer Discretionary	0.19%
84	Greenpanel Industries Limited	Consumer Discretionary	0.18%
85	PI Industries Limited	Materials	0.18%
86	Triveni Turbine Limited	Industrials	0.16%
87	Teamlease Services Limited	Industrials	0.12%
88	Sai Life Sciences Limited	Healthcare	0.01%
89	Cash Margin - CCILother	—	0.01%
90	Innoventive Industries Limited	Industrials	0%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 7.52% of NIPPON INDIA VALUE FUND's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, State Bank of India is 4.53% of NIPPON INDIA VALUE FUND's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, NTPC Limited is 3.6% of NIPPON INDIA VALUE FUND's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 3.4% of NIPPON INDIA VALUE FUND's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 3.16% of NIPPON INDIA VALUE 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.