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Flexi Cap · Nippon India Mutual Fund · AMFI code 149089Nippon India Flexi Cap Fund
Disclosed for 61 months, Aug 2021 to Aug 2026.Published as: Nippon India Flexi Cap Fund (An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks)
Portfolio value
₹9,195 Cr
down ₹397 Cr vs Dec 2025
- Stocks held
- 87
- up 2 vs Dec 2025
- Top 10 weight
- 36.8%
- of the portfolio in its ten largest
- Cash & debt
- 0.5%
- cash, money market and debt
- Moves this month
- 2 in · 0 out
- added to 10, trimmed 62
Nippon India Flexi Cap Fund is an active equity fund in the Flexi Cap category from Nippon India Mutual Fund. In January 2026 it disclosed 87 stocks worth ₹9,195 Cr, down ₹397 Cr from Dec 2025. Its largest positions were HDFC Bank Limited (6.5%), ICICI Bank Limited (5.1%), Axis Bank Limited (4.4%); the ten largest together made up 36.8% of the portfolio, and Banks was the biggest sector at 20.7% of its equity. Cash and debt stood at 0.5%. Compared with Dec 2025 the fund entered 2 new stocks and exited 0.
Against 43 other Flexi Cap funds
Concentration
60%
Top-10 weight is higher than 60% of peers
Breadth
91%
Holds more stocks than 91% of peers
Cash
2%
Holds more cash than 2% of peers
Holdings in January 2026
Download CSVEvery line the fund disclosed, with the change against Dec 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.51%
- Δ weight
- down 0.34 pts
- Value
- ₹599 Cr
- Δ value
- down ₹58.7 Cr
- Status
- Trimmed
- Weight
- 5.08%
- Δ weight
- up 0.67 pts
- Value
- ₹467 Cr
- Δ value
- up ₹44.5 Cr
- Status
- Added
- Weight
- 4.37%
- Δ weight
- up 0.49 pts
- Value
- ₹402 Cr
- Δ value
- up ₹29.6 Cr
- Status
- Added
- Weight
- 3.90%
- Δ weight
- up 0.22 pts
- Value
- ₹359 Cr
- Δ value
- up ₹5.6 Cr
- Status
- Added
- Weight
- 3.72%
- Δ weight
- down 0.29 pts
- Value
- ₹342 Cr
- Δ value
- down ₹42.9 Cr
- Status
- Trimmed
- Weight
- 2.81%
- Δ weight
- up 0.42 pts
- Value
- ₹258 Cr
- Δ value
- up ₹29.3 Cr
- Status
- Added
- Weight
- 2.76%
- Δ weight
- down 0.50 pts
- Value
- ₹254 Cr
- Δ value
- down ₹58.7 Cr
- Status
- Trimmed
- Weight
- 2.61%
- Δ weight
- down 0.09 pts
- Value
- ₹240 Cr
- Δ value
- down ₹19.4 Cr
- Status
- Trimmed
- Weight
- 2.59%
- Δ weight
- down 0.04 pts
- Value
- ₹239 Cr
- Δ value
- down ₹14.6 Cr
- Status
- Trimmed
- Weight
- 2.43%
- Δ weight
- down 0.23 pts
- Value
- ₹224 Cr
- Δ value
- down ₹32.1 Cr
- Status
- Trimmed
- Weight
- 2.13%
- Δ weight
- down 0.05 pts
- Value
- ₹196 Cr
- Δ value
- down ₹13.6 Cr
- Status
- Trimmed
- Weight
- 1.89%
- Δ weight
- up 0.33 pts
- Value
- ₹173 Cr
- Δ value
- up ₹24.1 Cr
- Status
- Added
- Weight
- 1.76%
- Δ weight
- up 0.20 pts
- Value
- ₹162 Cr
- Δ value
- up ₹12 Cr
- Status
- Added
- Weight
- 1.62%
- Δ weight
- up 0.04 pts
- Value
- ₹149 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 1.59%
- Δ weight
- up 0.01 pts
- Value
- ₹146 Cr
- Δ value
- down ₹5 Cr
- Status
- Trimmed
- Weight
- 1.58%
- Δ weight
- down 0.03 pts
- Value
- ₹145 Cr
- Δ value
- down ₹9.1 Cr
- Status
- Trimmed
- Weight
- 1.57%
- Δ weight
- up 0.01 pts
- Value
- ₹144 Cr
- Δ value
- down ₹5.7 Cr
- Status
- Trimmed
- Weight
- 1.46%
- Δ weight
- up 0.13 pts
- Value
- ₹134 Cr
- Δ value
- up ₹6.7 Cr
- Status
- Added
- Weight
- 1.44%
- Δ weight
- up 0.01 pts
- Value
- ₹133 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 1.43%
- Δ weight
- up 0.08 pts
- Value
- ₹131 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 1.36%
- Δ weight
- up 0.26 pts
- Value
- ₹125 Cr
- Δ value
- up ₹19.2 Cr
- Status
- Added
- Weight
- 1.36%
- Δ weight
- up 0.04 pts
- Value
- ₹125 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 1.34%
- Δ weight
- up 0.02 pts
- Value
- ₹123 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 1.30%
- Δ weight
- up 0.16 pts
- Value
- ₹119 Cr
- Δ value
- up ₹10.4 Cr
- Status
- Added
- Weight
- 1.29%
- Δ weight
- down 0.07 pts
- Value
- ₹119 Cr
- Δ value
- down ₹12 Cr
- Status
- Trimmed
- Weight
- 1.28%
- Δ weight
- down 0.25 pts
- Value
- ₹117 Cr
- Δ value
- down ₹29.4 Cr
- Status
- Trimmed
- Weight
- 1.23%
- Δ weight
- down 0.17 pts
- Value
- ₹113 Cr
- Δ value
- down ₹21.4 Cr
- Status
- Trimmed
- Weight
- 1.19%
- Δ weight
- down 0.14 pts
- Value
- ₹109 Cr
- Δ value
- down ₹18.5 Cr
- Status
- Trimmed
- Weight
- 1.17%
- Δ weight
- down 0.44 pts
- Value
- ₹108 Cr
- Δ value
- down ₹46.5 Cr
- Status
- Trimmed
- Weight
- 1.17%
- Δ weight
- up 0.15 pts
- Value
- ₹107 Cr
- Δ value
- up ₹10.1 Cr
- Status
- Added
- Weight
- 1.16%
- Δ weight
- up 0.15 pts
- Value
- ₹107 Cr
- Δ value
- up ₹9.7 Cr
- Status
- Added
- Weight
- 1.16%
- Δ weight
- down 0.04 pts
- Value
- ₹107 Cr
- Δ value
- down ₹8.4 Cr
- Status
- Trimmed
- Weight
- 1.14%
- Δ weight
- down 0.06 pts
- Value
- ₹105 Cr
- Δ value
- down ₹9.9 Cr
- Status
- Trimmed
- Weight
- 1.12%
- Δ weight
- up 0.02 pts
- Value
- ₹103 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 1.07%
- Δ weight
- up 0.07 pts
- Value
- ₹98.8 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 1.07%
- Δ weight
- up 0.03 pts
- Value
- ₹98.2 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.02 pts
- Value
- ₹93 Cr
- Δ value
- down ₹5.5 Cr
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.13 pts
- Value
- ₹92.8 Cr
- Δ value
- down ₹16.6 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.06 pts
- Value
- ₹91.5 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 0.95%
- Δ weight
- down 0.02 pts
- Value
- ₹87 Cr
- Δ value
- down ₹5.2 Cr
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- down 0.04 pts
- Value
- ₹85.2 Cr
- Δ value
- down ₹7.1 Cr
- Status
- Trimmed
- Weight
- 0.84%
- Δ weight
- up 0.03 pts
- Value
- ₹77.2 Cr
- Δ value
- down ₹43 L
- Status
- Trimmed
- Weight
- 0.81%
- Δ weight
- up 0.09 pts
- Value
- ₹74.9 Cr
- Δ value
- up ₹5.8 Cr
- Status
- Added
- Weight
- 0.81%
- Δ weight
- up 0.08 pts
- Value
- ₹74.3 Cr
- Δ value
- up ₹4.7 Cr
- Status
- Added
- Weight
- 0.79%
- Δ weight
- down 0.07 pts
- Value
- ₹72.6 Cr
- Δ value
- down ₹9.5 Cr
- Status
- Trimmed
- Weight
- 0.78%
- Δ weight
- down 0.07 pts
- Value
- ₹71.6 Cr
- Δ value
- down ₹10.3 Cr
- Status
- Trimmed
- Weight
- 0.75%
- Δ weight
- down 0.17 pts
- Value
- ₹69.3 Cr
- Δ value
- down ₹19 Cr
- Status
- Trimmed
- Weight
- 0.73%
- Δ weight
- down <0.01 pts
- Value
- ₹67 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 0.71%
- Δ weight
- up 0.05 pts
- Value
- ₹65.4 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 0.71%
- Δ weight
- up 0.02 pts
- Value
- ₹65 Cr
- Δ value
- down ₹76 L
- Status
- Trimmed
- Weight
- 0.70%
- Δ weight
- down 0.03 pts
- Value
- ₹64.4 Cr
- Δ value
- down ₹5.3 Cr
- Status
- Trimmed
- Weight
- 0.65%
- Δ weight
- down 0.06 pts
- Value
- ₹60.2 Cr
- Δ value
- down ₹8.4 Cr
- Status
- Trimmed
- Weight
- 0.65%
- Δ weight
- down 0.26 pts
- Value
- ₹59.3 Cr
- Δ value
- down ₹27.7 Cr
- Status
- Trimmed
- Weight
- 0.64%
- Δ weight
- down 0.18 pts
- Value
- ₹58.9 Cr
- Δ value
- down ₹19.7 Cr
- Status
- Trimmed
- Weight
- 0.63%
- Δ weight
- up 0.01 pts
- Value
- ₹58.1 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.59%
- Δ weight
- up 0.02 pts
- Value
- ₹54 Cr
- Δ value
- down ₹67 L
- Status
- Trimmed
- Weight
- 0.58%
- Δ weight
- up 0.58 pts
- Value
- ₹53.8 Cr
- Δ value
- up ₹53.8 Cr
- Status
- New
- Weight
- 0.58%
- Δ weight
- down 0.03 pts
- Value
- ₹53.7 Cr
- Δ value
- down ₹5.2 Cr
- Status
- Trimmed
- Weight
- 0.58%
- Δ weight
- down 0.05 pts
- Value
- ₹52.9 Cr
- Δ value
- down ₹7.5 Cr
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- down 0.06 pts
- Value
- ₹51.9 Cr
- Δ value
- down ₹8.1 Cr
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- down 0.06 pts
- Value
- ₹51.9 Cr
- Δ value
- down ₹8.2 Cr
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- up <0.01 pts
- Value
- ₹51.4 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 0.53%
- Δ weight
- down 0.03 pts
- Value
- ₹49.1 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 0.53%
- Δ weight
- down <0.01 pts
- Value
- ₹48.4 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 0.52%
- Δ weight
- up 0.16 pts
- Value
- ₹47.6 Cr
- Δ value
- up ₹13 Cr
- Status
- Added
- Weight
- 0.51%
- Δ weight
- up 0.10 pts
- Value
- ₹46.7 Cr
- Δ value
- up ₹7.5 Cr
- Status
- Added
- Weight
- 0.50%
- Δ weight
- up 0.03 pts
- Value
- ₹46.1 Cr
- Δ value
- up ₹56 L
- Status
- Added
- Weight
- 0.46%
- Δ weight
- down 0.02 pts
- Value
- ₹42.3 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 0.46%
- Δ weight
- up 0.05 pts
- Value
- ₹42.2 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 0.45%
- Δ weight
- up 0.01 pts
- Value
- ₹41.6 Cr
- Δ value
- down ₹49 L
- Status
- Trimmed
- Weight
- 0.43%
- Δ weight
- down 0.14 pts
- Value
- ₹40 Cr
- Δ value
- down ₹15 Cr
- Status
- Trimmed
- Weight
- 0.39%
- Δ weight
- up 0.01 pts
- Value
- ₹36 Cr
- Δ value
- down ₹38 L
- Status
- Trimmed
- Weight
- 0.39%
- Δ weight
- up 0.17 pts
- Value
- ₹35.4 Cr
- Δ value
- up ₹14.9 Cr
- Status
- Added
- Weight
- 0.35%
- Δ weight
- down <0.01 pts
- Value
- ₹32.3 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 0.33%
- Δ weight
- down 0.20 pts
- Value
- ₹30.3 Cr
- Δ value
- down ₹20.3 Cr
- Status
- Trimmed
- Weight
- 0.33%
- Δ weight
- down 0.07 pts
- Value
- ₹29.9 Cr
- Δ value
- down ₹7.9 Cr
- Status
- Trimmed
- Weight
- 0.32%
- Δ weight
- down 0.03 pts
- Value
- ₹29.8 Cr
- Δ value
- down ₹3.9 Cr
- Status
- Trimmed
- Weight
- 0.26%
- Δ weight
- up 0.02 pts
- Value
- ₹24.1 Cr
- Δ value
- up ₹49 L
- Status
- Added
- Weight
- 0.25%
- Δ weight
- down <0.01 pts
- Value
- ₹23.2 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 0.20%
- Δ weight
- down 0.04 pts
- Value
- ₹18.4 Cr
- Δ value
- down ₹5 Cr
- Status
- Trimmed
- Weight
- 0.19%
- Δ weight
- up <0.01 pts
- Value
- ₹17.6 Cr
- Δ value
- down ₹71 L
- Status
- Trimmed
- Weight
- 0.18%
- Δ weight
- down 0.01 pts
- Value
- ₹16.5 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.13%
- Δ weight
- up 0.13 pts
- Value
- ₹12.3 Cr
- Δ value
- up ₹12.3 Cr
- Status
- New
- Weight
- 0.13%
- Δ weight
- down 0.01 pts
- Value
- ₹11.6 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 0.12%
- Δ weight
- down 0.11 pts
- Value
- ₹10.8 Cr
- Δ value
- down ₹10.6 Cr
- Status
- Trimmed
- Weight
- 0.11%
- Δ weight
- down <0.01 pts
- Value
- ₹9.9 Cr
- Δ value
- down ₹51 L
- Status
- Trimmed
- Weight
- 0.07%
- Δ weight
- up 0.01 pts
- Value
- ₹6.5 Cr
- Δ value
- up ₹69 L
- Status
- Added
- Weight
- 0.06%
- Δ weight
- down 0.50 pts
- Value
- ₹5.3 Cr
- Δ value
- down ₹48.1 Cr
- Status
- Trimmed
What changed, Dec 2025 to Jan 2026
New New positions (2)
- IndusInd Bank Limited0.6% · ₹53.8 Cr
- Niva Bupa Health Insurance Company Limited0.1% · ₹12.3 Cr
Exited Exited (0)
None.
Added Biggest additions
- ICICI Bank Limitedup ₹44.5 Cr (+0.67% pts)
- Axis Bank Limitedup ₹29.6 Cr (+0.49% pts)
- Vedanta Limitedup ₹29.3 Cr (+0.42% pts)
- State Bank of India
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Dec 2025, the weight rose most in Banks (+1.8 pts) and IT - Software (+0.5 pts), and fell most in Construction (−0.5 pts) and Cement & Cement Products (−0.4 pts).
- Banks18.9% → 20.7%+1.8 pts
- IT - Software8.1% → 8.6%+0.5 pts
- Diversified Metals2.4% → 2.8%+0.4 pts
- Ferrous Metals1.1% → 1.4%+0.3 pts
- Insurance1.6% → 1.8%+0.2 pts
- IT - Services0.2% → 0.4%+0.2 pts
- Construction3.6% → 3.1%−0.5 pts
- Cement & Cement Products1.6% → 1.2%−0.4 pts
- Petroleum Products5.4% → 4.9%−0.4 pts
- Capital Markets2.3% → 1.9%−0.4 pts
- Leisure Services1.7% → 1.4%−0.3 pts
- Automobiles5.4% → 5.1%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jan 2023 | Jan 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|---|
| Banks | 22.8% | 17.3% | 17.6% | 17.2% | 18.9% | 20.7% |
| IT - Software | 11.3% | 8.3% | 7.7% | 8.0% | 8.1% | 8.6% |
| Retailing | 2.4% | 6.0% | 6.9% | 7.5% | 7.3% | 7.0% |
| Finance | 9.2% | 6.7% | 6.3% | 5.9% | 5.3% | 5.3% |
| Automobiles | 5.3% | 5.4% | 5.1% | 5.5% | 5.4% | 5.1% |
| Petroleum Products | 4.8% | 3.7% | 4.6% | 5.1% | 5.4% | 4.9% |
| Pharmaceuticals & Biotechnology | 4.0% | 4.8% | 4.1% | 3.9% | 4.3% | 4.4% |
| Telecom - Services | 0.4% | 2.7% | 3.0% | 3.8% | 3.7% | 3.5% |
| Consumer Durables | 2.5% | 2.4% | 2.8% | 3.8% | 3.4% | 3.2% |
| Construction | 4.3% | 3.9% | 3.8% | 3.9% | 3.6% | 3.1% |
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Jan 2026
0.5%
▲ 0.2 pts vs Dec 2025
- Cash alone
- 0.6%
- cash and net receivables
- A year earlier
- 3.8%
- Jan 2025 · now ▼ 3.3 pts
- Last 12 months
- 0.4% – 5.4%
- lowest to highest · record 14.4% in Aug 2021
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.