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Focused · Nippon India Mutual Fund · AMFI code 104637Nippon India Focused Fund
Disclosed for 64 months, May 2021 to Aug 2026.Published as: Nippon India Focused Fund (An Open Ended Multi Cap Equity Scheme Investing In Maximum 30 Stocks)
Portfolio value
₹8,790 Cr
down ₹97 Cr vs Nov 2025
- Stocks held
- 30
- unchanged
Nippon India Focused Fund is an active equity fund in the Focused category from Nippon India Mutual Fund. In December 2025 it disclosed 30 stocks worth ₹8,790 Cr, down ₹97 Cr from Nov 2025. Its largest positions were ICICI Bank Limited (9.1%), Axis Bank Limited (7.0%), Reliance Industries Limited (5.8%); the ten largest together made up 51.2% of the portfolio, and Banks was the biggest sector at 24.9% of its equity. Cash and debt stood at 2.9%. Compared with Nov 2025 the fund entered 1 new stock and exited 1.
Against 23 other Focused funds
Concentration
61%
Top-10 weight is higher than 61% of peers
Breadth
78%
Holds more stocks than 78% of peers
Cash
26%
Holds more cash than 26% of peers
What these mean: concentration · cash
Holdings in December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 9.10% | up 0.87 pts | ₹800 Cr | up ₹68.7 Cr | Added |
| Axis Bank Limited | 7.03% | up 0.02 pts | ₹618 Cr | down ₹5 Cr | Trimmed |
| Reliance Industries Limited | 5.82% | up 0.07 pts | ₹512 Cr | up ₹95 L | Held |
| HDFC Bank Limited | 5.28% | down 0.03 pts | ₹464 Cr | down ₹7.7 Cr | Trimmed |
| Infosys Limited | 4.82% | down 0.19 pts | ₹424 Cr | down ₹21.6 Cr | Trimmed |
| NTPC Limited | 4.55% | up 0.62 pts | ₹400 Cr | up ₹50.8 Cr | Added |
| SBI Cards and Payment Services Limited | 4.02% | down 0.04 pts | ₹353 Cr | down ₹7.6 Cr | Trimmed |
| Eternal Limited | 3.66% | up 0.77 pts | ₹322 Cr | up ₹64.5 Cr | Added |
| Bajaj Finserv Limited | 3.56% | down 0.05 pts | ₹313 Cr | down ₹8.3 Cr | Trimmed |
| Varun Beverages Limited | 3.35% | up 0.09 pts | ₹295 Cr | up ₹5 Cr | Added |
| Grasim Industries Limited | 3.21% | up 0.14 pts | ₹282 Cr | up ₹8.9 Cr | Added |
| Trent Limited | 3.14% | up 0.06 pts | ₹276 Cr | up ₹1.8 Cr | Added |
| Tata Motors Ltd | 3.01% | up 0.25 pts | ₹265 Cr | up ₹19.3 Cr | Added |
| Syngene International Limited | 2.97% | up 0.04 pts | ₹261 Cr | up ₹1.1 Cr | Held |
| Cash, TREPS & receivables | 2.87% | down 1.78 pts | ₹252 Cr | down ₹161 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 2.84% | up 0.01 pts | ₹249 Cr | down ₹2 Cr | Trimmed |
| Bharat Heavy Electricals Limited | 2.83% | down <0.01 pts | ₹249 Cr | down ₹2.9 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 2.80% | up 0.06 pts | ₹246 Cr | up ₹2.4 Cr | Added |
| State Bank of India | 2.75% | up 0.04 pts | ₹242 Cr | up ₹79 L | Held |
| Biocon Limited | 2.60% | down 0.25 pts | ₹229 Cr | down ₹24.6 Cr | Trimmed |
| 3M India Limited | 2.58% | up 0.05 pts | ₹227 Cr | up ₹1.8 Cr | Added |
| Siemens Energy India Limited | 2.45% | up 2.45 pts | ₹216 Cr | up ₹216 Cr | New |
| Samvardhana Motherson International Limited | 2.19% | up 0.09 pts | ₹193 Cr | up ₹5.8 Cr | Added |
| Thomas Cook (India) Limited | 2.07% | up 0.03 pts | ₹182 Cr | up ₹59 L | Held |
| MedPlus Health Services Limited | 1.93% | up 0.02 pts | ₹169 Cr | down ₹31 L | Held |
| Sapphire Foods India Limited | 1.87% | up 0.08 pts | ₹164 Cr | up ₹5.3 Cr | Added |
| Angel One Limited | 1.77% | down 0.25 pts | ₹156 Cr | down ₹23.9 Cr | Trimmed |
| Honeywell Automation India Limited | 1.59% | down 0.14 pts | ₹140 Cr | down ₹13.8 Cr | Trimmed |
| Restaurant Brands Asia Limited | 1.14% | up 0.03 pts | ₹101 Cr | up ₹1.3 Cr | Added |
| Varroc Engineering Limited | 1.11% | down 0.31 pts | ₹97.4 Cr | down ₹28.7 Cr | Trimmed |
| PVR Limited | 1.07% | down 0.04 pts | ₹93.6 Cr | down ₹4.9 Cr | Trimmed |
What changed, Nov 2025 to Dec 2025
New New positions (1)
- Siemens Energy India Limited2.5% · ₹216 Cr
Exited Exited (1)
- InterGlobe Aviation Limitedwas 2.7% · ₹240 Cr
Added Biggest additions
- ICICI Bank Limitedup ₹68.7 Cr (+0.87% pts)
- Eternal Limitedup ₹64.5 Cr (+0.77% pts)
- NTPC Limitedup ₹50.8 Cr (+0.62% pts)
- Tata Motors Ltd ₹19.3 Cr (+0.25% pts)
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 Nov 2025, the weight rose most in Electrical Equipment (+2.5 pts) and Retailing (+0.7 pts), and fell most in Transport Services (−2.8 pts) and Pharmaceuticals & Biotechnology (−0.3 pts).
- Electrical Equipment3.0% → 5.4%+2.5 pts
- Retailing11.2% → 11.9%+0.7 pts
- Power4.1% → 4.7%+0.6 pts
- Banks24.4% → 24.9%+0.5 pts
- Agricultural, Commercial & Construction Vehicles2.9% → 3.1%+0.2 pts
- Transport Services2.8% → 0.0%exited−2.8 pts
- Pharmaceuticals & Biotechnology5.9% → 5.6%−0.3 pts
- Capital Markets2.1% → 1.8%−0.3 pts
- Auto Components3.7% → 3.4%−0.3 pts
- IT - Software5.3% → 5.0%−0.3 pts
- Finance8.1% → 7.8%−0.2 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 | Dec 2022 | Dec 2024 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Banks | 22.4% | 23.7% | 22.1% | 25.1% | 24.4% | 24.9% |
| Retailing | 2.5% | 5.5% | 8.6% | 8.7% | 11.2% | 11.9% |
| Finance | 11.5% | 10.1% | 7.6% | 7.9% | 8.1% | 7.8% |
| Petroleum Products | 4.4% | 5.1% | 6.3% | 5.9% | 6.0% | 6.0% |
| Pharmaceuticals & Biotechnology | — | 3.4% | 6.2% | 6.0% | 5.9% | 5.6% |
| Electrical Equipment | 1.9% | 2.7% | 3.5% | 3.5% | 3.0% | 5.4% |
| Leisure Services | 6.3% | 7.0% | 6.6% | 6.3% | 5.2% | 5.2% |
| IT - Software | 7.7% | 5.7% | 4.4% | 5.1% | 5.3% | 5.0% |
| Power | — | — | 3.5% | 4.1% | 4.1% | 4.7% |
| Beverages | — | — | — | 3.2% | 3.4% | 3.4% |
Allocation in Dec 2025change vs Nov 2025
- Banks (4)24.9%▲ 0.5 pts
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. More on reading cash.
Cash & debt, Dec 2025
2.9%
▼ 1.8 pts vs Nov 2025
- Cash alone
- 2.9%
- cash and net receivables
- A year earlier
- 7.5%
- Dec 2024 · now ▼ 4.7 pts
- Last 12 months
- 2.9% – 7.7%
- lowest to highest · record 10.5% in Nov 2022
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.