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Multi Cap · Nippon India Mutual Fund · AMFI code 101161Nippon India Multi Cap Fund
Disclosed for 84 months, Sep 2019 to Aug 2026.Published as: NIPPON INDIA MULTI CAP FUND (Multi Cap Fund - An Open Ended Equity Scheme Investing Across Large Cap, Mid Cap, Small Cap Stocks)
Portfolio value
₹48,809 Cr
down ₹1,544 Cr vs Dec 2025
- Stocks held
- 128
- down 4 vs Dec 2025
- Top 10 weight
- 30.3%
- of the portfolio in its ten largest
- Cash & debt
- 0.6%
- cash, money market and debt
- Moves this month
- 0 in · 4 out
- added to 10, trimmed 86
Nippon India Multi Cap Fund is an active equity fund in the Multi Cap category from Nippon India Mutual Fund. In January 2026 it disclosed 128 stocks worth ₹48,809 Cr, down ₹1,544 Cr from Dec 2025. Its largest positions were HDFC Bank Limited (6.0%), ICICI Bank Limited (4.0%), Axis Bank Limited (4.0%); the ten largest together made up 30.3% of the portfolio, and Banks was the biggest sector at 16.1% of its equity. Cash and debt stood at 0.6%. Compared with Dec 2025 the fund entered 0 new stocks and exited 4.
Against 32 other Multi Cap funds
Concentration
72%
Top-10 weight is higher than 72% of peers
Breadth
94%
Holds more stocks than 94% of peers
Cash
3%
Holds more cash than 3% 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
- 6.01%
- Δ weight
- up 0.58 pts
- Value
- ₹2,934 Cr
- Δ value
- up ₹201 Cr
- Status
- Added
- Weight
- 4.00%
- Δ weight
- up 1.06 pts
- Value
- ₹1,950 Cr
- Δ value
- up ₹472 Cr
- Status
- Added
- Weight
- 3.97%
- Δ weight
- up 0.41 pts
- Value
- ₹1,938 Cr
- Δ value
- up ₹143 Cr
- Status
- Added
- Weight
- 3.01%
- Δ weight
- up 0.14 pts
- Value
- ₹1,467 Cr
- Δ value
- up ₹22.9 Cr
- Status
- Added
- Weight
- 2.71%
- Δ weight
- down 0.02 pts
- Value
- ₹1,323 Cr
- Δ value
- down ₹53.9 Cr
- Status
- Trimmed
- Weight
- 2.31%
- Δ weight
- down 0.21 pts
- Value
- ₹1,126 Cr
- Δ value
- down ₹141 Cr
- Status
- Trimmed
- Weight
- 2.30%
- Δ weight
- down 0.09 pts
- Value
- ₹1,122 Cr
- Δ value
- down ₹81.1 Cr
- Status
- Trimmed
- Weight
- 2.17%
- Δ weight
- up 0.22 pts
- Value
- ₹1,060 Cr
- Δ value
- up ₹78.7 Cr
- Status
- Added
- Weight
- 1.99%
- Δ weight
- up 0.23 pts
- Value
- ₹969 Cr
- Δ value
- up ₹85.5 Cr
- Status
- Added
- Weight
- 1.88%
- Δ weight
- up 0.07 pts
- Value
- ₹916 Cr
- Δ value
- up ₹7.9 Cr
- Status
- Added
- Weight
- 1.85%
- Δ weight
- up 0.01 pts
- Value
- ₹902 Cr
- Δ value
- down ₹25 Cr
- Status
- Trimmed
- Weight
- 1.85%
- Δ weight
- down 0.16 pts
- Value
- ₹902 Cr
- Δ value
- down ₹111 Cr
- Status
- Trimmed
- Weight
- 1.60%
- Δ weight
- down 0.05 pts
- Value
- ₹779 Cr
- Δ value
- down ₹47.7 Cr
- Status
- Trimmed
- Vesuvius India LimitedVesuvius India Ltd · history in this fund
- Weight
- 1.53%
- Δ weight
- up 0.09 pts
- Value
- ₹748 Cr
- Δ value
- up ₹22.3 Cr
- Status
- Added
- Weight
- 1.51%
- Δ weight
- down 0.05 pts
- Value
- ₹738 Cr
- Δ value
- down ₹46 Cr
- Status
- Trimmed
- Weight
- 1.48%
- Δ weight
- down 0.01 pts
- Value
- ₹720 Cr
- Δ value
- down ₹26.2 Cr
- Status
- Trimmed
- Weight
- 1.46%
- Δ weight
- down 0.04 pts
- Value
- ₹713 Cr
- Δ value
- down ₹43.2 Cr
- Status
- Trimmed
- Weight
- 1.37%
- Δ weight
- down 0.11 pts
- Value
- ₹669 Cr
- Δ value
- down ₹78 Cr
- Status
- Trimmed
- Weight
- 1.27%
- Δ weight
- down 0.14 pts
- Value
- ₹622 Cr
- Δ value
- down ₹89.3 Cr
- Status
- Trimmed
- Weight
- 1.24%
- Δ weight
- down 0.08 pts
- Value
- ₹607 Cr
- Δ value
- down ₹58.2 Cr
- Status
- Trimmed
- Weight
- 1.23%
- Δ weight
- down 0.22 pts
- Value
- ₹602 Cr
- Δ value
- down ₹129 Cr
- Status
- Trimmed
- Weight
- 1.22%
- Δ weight
- down 0.06 pts
- Value
- ₹595 Cr
- Δ value
- down ₹48.1 Cr
- Status
- Trimmed
- Weight
- 1.15%
- Δ weight
- up 0.08 pts
- Value
- ₹560 Cr
- Δ value
- up ₹23.9 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.06 pts
- Value
- ₹543 Cr
- Δ value
- up ₹10.9 Cr
- Status
- Added
- Weight
- 1.05%
- Δ weight
- down 0.11 pts
- Value
- ₹512 Cr
- Δ value
- down ₹73.5 Cr
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- up 0.25 pts
- Value
- ₹481 Cr
- Δ value
- up ₹110 Cr
- Status
- Added
- Weight
- 0.94%
- Δ weight
- down 0.28 pts
- Value
- ₹460 Cr
- Δ value
- down ₹154 Cr
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.04 pts
- Value
- ₹442 Cr
- Δ value
- down ₹36.6 Cr
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- up 0.02 pts
- Value
- ₹440 Cr
- Δ value
- down ₹4.5 Cr
- Status
- Trimmed
- Weight
- 0.84%
- Δ weight
- down 0.06 pts
- Value
- ₹412 Cr
- Δ value
- down ₹43.7 Cr
- Status
- Trimmed
- Weight
- 0.84%
- Δ weight
- down 0.02 pts
- Value
- ₹411 Cr
- Δ value
- down ₹24.8 Cr
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- up 0.05 pts
- Value
- ₹407 Cr
- Δ value
- up ₹11.9 Cr
- Status
- Added
- Weight
- 0.83%
- Δ weight
- down 0.02 pts
- Value
- ₹404 Cr
- Δ value
- down ₹22.8 Cr
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- down 0.09 pts
- Value
- ₹399 Cr
- Δ value
- down ₹55.5 Cr
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- down 0.01 pts
- Value
- ₹390 Cr
- Δ value
- down ₹19.3 Cr
- Status
- Trimmed
- Weight
- 0.79%
- Δ weight
- up 0.01 pts
- Value
- ₹385 Cr
- Δ value
- down ₹6.3 Cr
- Status
- Trimmed
- Weight
- 0.78%
- Δ weight
- down 0.03 pts
- Value
- ₹382 Cr
- Δ value
- down ₹27.4 Cr
- Status
- Trimmed
- Weight
- 0.78%
- Δ weight
- down 0.03 pts
- Value
- ₹379 Cr
- Δ value
- down ₹28.4 Cr
- Status
- Trimmed
- Weight
- 0.73%
- Δ weight
- down 0.01 pts
- Value
- ₹358 Cr
- Δ value
- down ₹18.7 Cr
- Status
- Trimmed
- Weight
- 0.73%
- Δ weight
- up 0.04 pts
- Value
- ₹358 Cr
- Δ value
- up ₹6.5 Cr
- Status
- Added
- Weight
- 0.73%
- Δ weight
- up 0.05 pts
- Value
- ₹357 Cr
- Δ value
- up ₹12.4 Cr
- Status
- Added
- Weight
- 0.72%
- Δ weight
- down 0.01 pts
- Value
- ₹352 Cr
- Δ value
- down ₹15.9 Cr
- Status
- Trimmed
- Weight
- 0.72%
- Δ weight
- up 0.05 pts
- Value
- ₹351 Cr
- Δ value
- up ₹15.9 Cr
- Status
- Added
- Weight
- 0.71%
- Δ weight
- up 0.25 pts
- Value
- ₹349 Cr
- Δ value
- up ₹116 Cr
- Status
- Added
- Weight
- 0.69%
- Δ weight
- down 0.04 pts
- Value
- ₹339 Cr
- Δ value
- down ₹32.9 Cr
- Status
- Trimmed
- Weight
- 0.68%
- Δ weight
- down 0.14 pts
- Value
- ₹334 Cr
- Δ value
- down ₹79.8 Cr
- Status
- Trimmed
- Weight
- 0.67%
- Δ weight
- up <0.01 pts
- Value
- ₹329 Cr
- Δ value
- down ₹8.5 Cr
- Status
- Trimmed
- Weight
- 0.66%
- Δ weight
- up 0.03 pts
- Value
- ₹324 Cr
- Δ value
- up ₹2.4 Cr
- Status
- Added
- Weight
- 0.66%
- Δ weight
- down 0.01 pts
- Value
- ₹322 Cr
- Δ value
- down ₹13.3 Cr
- Status
- Trimmed
- Weight
- 0.66%
- Δ weight
- down 0.12 pts
- Value
- ₹322 Cr
- Δ value
- down ₹69.2 Cr
- Status
- Trimmed
- Weight
- 0.64%
- Δ weight
- down 0.07 pts
- Value
- ₹314 Cr
- Δ value
- down ₹44.5 Cr
- Status
- Trimmed
- Weight
- 0.64%
- Δ weight
- up 0.09 pts
- Value
- ₹313 Cr
- Δ value
- up ₹36.2 Cr
- Status
- Added
- Weight
- 0.64%
- Δ weight
- up 0.09 pts
- Value
- ₹310 Cr
- Δ value
- up ₹33.2 Cr
- Status
- Added
- Weight
- 0.62%
- Δ weight
- up 0.01 pts
- Value
- ₹303 Cr
- Δ value
- down ₹4.4 Cr
- Status
- Trimmed
- Weight
- 0.62%
- Δ weight
- down 0.08 pts
- Value
- ₹301 Cr
- Δ value
- down ₹47.8 Cr
- Status
- Trimmed
- Weight
- 0.61%
- Δ weight
- up 0.05 pts
- Value
- ₹299 Cr
- Δ value
- up ₹15.2 Cr
- Status
- Added
- Weight
- 0.59%
- Δ weight
- up 0.12 pts
- Value
- ₹287 Cr
- Δ value
- up ₹50.5 Cr
- Status
- Added
- Weight
- 0.58%
- Δ weight
- up 0.08 pts
- Value
- ₹283 Cr
- Δ value
- up ₹33.4 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 0.57%
- Δ weight
- down 0.47 pts
- Value
- ₹277 Cr
- Δ value
- down ₹243 Cr
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- down 0.04 pts
- Value
- ₹273 Cr
- Δ value
- down ₹28.5 Cr
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- up 0.05 pts
- Value
- ₹271 Cr
- Δ value
- up ₹18.3 Cr
- Status
- Added
- Weight
- 0.55%
- Δ weight
- down 0.03 pts
- Value
- ₹271 Cr
- Δ value
- down ₹23.8 Cr
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- up 0.01 pts
- Value
- ₹269 Cr
- Δ value
- down ₹5.4 Cr
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- down <0.01 pts
- Value
- ₹265 Cr
- Δ value
- down ₹10.4 Cr
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- up 0.05 pts
- Value
- ₹261 Cr
- Δ value
- up ₹19.1 Cr
- Status
- Added
- Weight
- 0.53%
- Δ weight
- up 0.07 pts
- Value
- ₹260 Cr
- Δ value
- up ₹26.8 Cr
- Status
- Added
- Weight
- 0.52%
- Δ weight
- down 0.05 pts
- Value
- ₹255 Cr
- Δ value
- down ₹34.4 Cr
- Status
- Trimmed
- Weight
- 0.51%
- Δ weight
- down 0.05 pts
- Value
- ₹248 Cr
- Δ value
- down ₹32.3 Cr
- Status
- Trimmed
- Weight
- 0.51%
- Δ weight
- up 0.01 pts
- Value
- ₹247 Cr
- Δ value
- down ₹34 L
- Status
- Held
- Weight
- 0.50%
- Δ weight
- up <0.01 pts
- Value
- ₹242 Cr
- Δ value
- down ₹5.5 Cr
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- down 0.03 pts
- Value
- ₹241 Cr
- Δ value
- down ₹22.2 Cr
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- up 0.03 pts
- Value
- ₹238 Cr
- Δ value
- up ₹7.2 Cr
- Status
- Added
- Weight
- 0.46%
- Δ weight
- up <0.01 pts
- Value
- ₹225 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 0.46%
- Δ weight
- up 0.02 pts
- Value
- ₹225 Cr
- Δ value
- up ₹1 Cr
- Status
- Held
- Weight
- 0.45%
- Δ weight
- down 0.02 pts
- Value
- ₹221 Cr
- Δ value
- down ₹16.3 Cr
- Status
- Trimmed
- Weight
- 0.44%
- Δ weight
- down 0.04 pts
- Value
- ₹217 Cr
- Δ value
- down ₹27.3 Cr
- Status
- Trimmed
- Weight
- 0.44%
- Δ weight
- up 0.07 pts
- Value
- ₹215 Cr
- Δ value
- up ₹27.1 Cr
- Status
- Added
- Weight
- 0.43%
- Δ weight
- up 0.01 pts
- Value
- ₹209 Cr
- Δ value
- down ₹3.8 Cr
- Status
- Trimmed
- Weight
- 0.41%
- Δ weight
- up 0.01 pts
- Value
- ₹202 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 0.41%
- Δ weight
- down 0.11 pts
- Value
- ₹200 Cr
- Δ value
- down ₹63.9 Cr
- Status
- Trimmed
- Weight
- 0.41%
- Δ weight
- up 0.03 pts
- Value
- ₹200 Cr
- Δ value
- up ₹6.6 Cr
- Status
- Added
- Weight
- 0.41%
- Δ weight
- down 0.10 pts
- Value
- ₹200 Cr
- Δ value
- down ₹54.3 Cr
- Status
- Trimmed
- Weight
- 0.41%
- Δ weight
- down <0.01 pts
- Value
- ₹199 Cr
- Δ value
- down ₹8.7 Cr
- Status
- Trimmed
- Weight
- 0.40%
- Δ weight
- up 0.06 pts
- Value
- ₹195 Cr
- Δ value
- up ₹23.8 Cr
- Status
- Added
- Weight
- 0.40%
- Δ weight
- up <0.01 pts
- Value
- ₹193 Cr
- Δ value
- down ₹4.1 Cr
- Status
- Trimmed
- Weight
- 0.39%
- Δ weight
- up 0.03 pts
- Value
- ₹192 Cr
- Δ value
- up ₹10.8 Cr
- Status
- Added
- Weight
- 0.39%
- Δ weight
- down 0.03 pts
- Value
- ₹192 Cr
- Δ value
- down ₹20.5 Cr
- Status
- Trimmed
- Weight
- 0.38%
- Δ weight
- up 0.09 pts
- Value
- ₹183 Cr
- Δ value
- up ₹39.3 Cr
- Status
- Added
- Weight
- 0.37%
- Δ weight
- up 0.02 pts
- Value
- ₹183 Cr
- Δ value
- up ₹6.3 Cr
- Status
- Added
- Weight
- 0.37%
- Δ weight
- down 0.03 pts
- Value
- ₹182 Cr
- Δ value
- down ₹18.8 Cr
- Status
- Trimmed
- Weight
- 0.37%
- Δ weight
- up 0.01 pts
- Value
- ₹180 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 0.37%
- Δ weight
- down 0.03 pts
- Value
- ₹179 Cr
- Δ value
- down ₹20.7 Cr
- Status
- Trimmed
- Weight
- 0.36%
- Δ weight
- down 0.01 pts
- Value
- ₹177 Cr
- Δ value
- down ₹8.2 Cr
- Status
- Trimmed
- Weight
- 0.34%
- Δ weight
- up 0.02 pts
- Value
- ₹168 Cr
- Δ value
- up ₹4.5 Cr
- Status
- Added
- Weight
- 0.34%
- Δ weight
- up 0.01 pts
- Value
- ₹167 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 0.34%
- Δ weight
- down 0.04 pts
- Value
- ₹165 Cr
- Δ value
- down ₹26.6 Cr
- Status
- Trimmed
- Weight
- 0.34%
- Δ weight
- down 0.02 pts
- Value
- ₹164 Cr
- Δ value
- down ₹17.3 Cr
- Status
- Trimmed
- Weight
- 0.33%
- Δ weight
- down <0.01 pts
- Value
- ₹162 Cr
- Δ value
- down ₹5.6 Cr
- Status
- Trimmed
- Weight
- 0.33%
- Δ weight
- down 0.01 pts
- Value
- ₹161 Cr
- Δ value
- down ₹8.2 Cr
- Status
- Trimmed
- Weight
- 0.32%
- Δ weight
- down 0.03 pts
- Value
- ₹155 Cr
- Δ value
- down ₹19.3 Cr
- Status
- Trimmed
- Weight
- 0.31%
- Δ weight
- down 0.01 pts
- Value
- ₹151 Cr
- Δ value
- down ₹7.6 Cr
- Status
- Trimmed
- Weight
- 0.30%
- Δ weight
- up 0.02 pts
- Value
- ₹148 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 0.30%
- Δ weight
- up 0.01 pts
- Value
- ₹147 Cr
- Δ value
- up ₹95 L
- Status
- Added
- Weight
- 0.30%
- Δ weight
- up 0.01 pts
- Value
- ₹146 Cr
- Δ value
- up ₹23 L
- Status
- Held
- Weight
- 0.30%
- Δ weight
- down 0.04 pts
- Value
- ₹146 Cr
- Δ value
- down ₹22.8 Cr
- Status
- Trimmed
- Weight
- 0.29%
- Δ weight
- up 0.02 pts
- Value
- ₹143 Cr
- Δ value
- up ₹4.8 Cr
- Status
- Added
- Weight
- 0.29%
- Δ weight
- down 0.03 pts
- Value
- ₹142 Cr
- Δ value
- down ₹22 Cr
- Status
- Trimmed
- Weight
- 0.29%
- Δ weight
- up 0.01 pts
- Value
- ₹142 Cr
- Δ value
- up ₹11 L
- Status
- Held
- Weight
- 0.29%
- Δ weight
- up 0.18 pts
- Value
- ₹140 Cr
- Δ value
- up ₹87.1 Cr
- Status
- Added
- Weight
- 0.27%
- Δ weight
- down 0.01 pts
- Value
- ₹130 Cr
- Δ value
- down ₹9.6 Cr
- Status
- Trimmed
- Weight
- 0.26%
- Δ weight
- down 0.01 pts
- Value
- ₹128 Cr
- Δ value
- down ₹10.7 Cr
- Status
- Trimmed
- Weight
- 0.25%
- Δ weight
- down 0.08 pts
- Value
- ₹122 Cr
- Δ value
- down ₹45.7 Cr
- Status
- Trimmed
- Weight
- 0.25%
- Δ weight
- up <0.01 pts
- Value
- ₹121 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 0.23%
- Δ weight
- down 0.07 pts
- Value
- ₹111 Cr
- Δ value
- down ₹39.6 Cr
- Status
- Trimmed
- Weight
- 0.21%
- Δ weight
- down 0.05 pts
- Value
- ₹102 Cr
- Δ value
- down ₹27.3 Cr
- Status
- Trimmed
- Weight
- 0.20%
- Δ weight
- down 0.03 pts
- Value
- ₹96.5 Cr
- Δ value
- down ₹19.2 Cr
- Status
- Trimmed
- Weight
- 0.19%
- Δ weight
- down 0.01 pts
- Value
- ₹91.3 Cr
- Δ value
- down ₹8.7 Cr
- Status
- Trimmed
- Weight
- 0.18%
- Δ weight
- down 0.03 pts
- Value
- ₹87.7 Cr
- Δ value
- down ₹16.8 Cr
- Status
- Trimmed
- Weight
- 0.18%
- Δ weight
- up <0.01 pts
- Value
- ₹86.3 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 0.17%
- Δ weight
- down 0.02 pts
- Value
- ₹81.8 Cr
- Δ value
- down ₹13.6 Cr
- Status
- Trimmed
- Weight
- 0.15%
- Δ weight
- down <0.01 pts
- Value
- ₹72.9 Cr
- Δ value
- down ₹4.6 Cr
- Status
- Trimmed
- Weight
- 0.15%
- Δ weight
- down <0.01 pts
- Value
- ₹72.8 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 0.13%
- Δ weight
- down <0.01 pts
- Value
- ₹64.7 Cr
- Δ value
- down ₹4.2 Cr
- Status
- Trimmed
- Weight
- 0.13%
- Δ weight
- up <0.01 pts
- Value
- ₹61.2 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.11%
- Δ weight
- down 0.02 pts
- Value
- ₹55.2 Cr
- Δ value
- down ₹12.1 Cr
- Status
- Trimmed
- Weight
- 0.11%
- Δ weight
- down <0.01 pts
- Value
- ₹53.5 Cr
- Δ value
- down ₹3.2 Cr
- Status
- Trimmed
- Weight
- 0.10%
- Δ weight
- down 0.01 pts
- Value
- ₹49.4 Cr
- Δ value
- down ₹5.4 Cr
- Status
- Trimmed
- Weight
- 0.10%
- Δ weight
- down 0.03 pts
- Value
- ₹47.9 Cr
- Δ value
- down ₹18.4 Cr
- Status
- Trimmed
- Weight
- 0.06%
- Δ weight
- down 0.01 pts
- Value
- ₹29.6 Cr
- Δ value
- down ₹4.6 Cr
- Status
- Trimmed
What changed, Dec 2025 to Jan 2026
New New positions (0)
None.
Exited Exited (4)
- UltraTech Cement Limitedwas 0.4% · ₹218 Cr
- One 97 Communications Limitedwas 0.3% · ₹155 Cr
- AU Small Finance Bank Limitedwas 0.2% · ₹99.5 Cr
- LG Electronics India Ltdwas <0.1% · ₹18.3 Cr
Added Biggest additions
- ICICI Bank Limitedup ₹472 Cr (+1.06% pts)
- HDFC Bank Limitedup ₹201 Cr (+0.58% 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 Dec 2025, the weight rose most in Banks (+2.0 pts) and Electrical Equipment (+0.6 pts), and fell most in Consumer Durables (−0.6 pts) and Retailing (−0.5 pts).
- Banks14.0% → 16.1%+2.0 pts
- Electrical Equipment6.4% → 7.0%+0.6 pts
- Transport Services2.3% → 2.6%+0.3 pts
- IT - Software4.0% → 4.2%+0.2 pts
- Personal Products1.9% → 2.1%+0.2 pts
- Power5.0% → 5.1%+0.1 pts
- Consumer Durables5.7% → 5.1%−0.6 pts
- Retailing8.4% → 8.0%−0.5 pts
- Cement & Cement Products0.9% → 0.5%−0.4 pts
- Leisure Services6.0% → 5.6%−0.3 pts
- Financial Technology (fintech)0.7% → 0.4%−0.3 pts
- Construction3.3% → 3.1%−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 | 16.8% | 17.0% | 15.5% | 14.8% | 14.0% | 16.1% |
| Retailing | 5.3% | 5.4% | 6.8% | 8.0% | 8.4% | 8.0% |
| Pharmaceuticals & Biotechnology | 6.1% | 5.4% | 6.4% | 7.4% | 7.6% | 7.7% |
| Electrical Equipment | 3.9% | 6.7% | 8.3% | 6.5% | 6.4% | 7.0% |
| Leisure Services | 7.9% | 7.0% | 5.7% | 5.2% | 6.0% | 5.6% |
| Power | 0.9% | 5.8% | 5.3% | 5.3% | 5.0% | 5.1% |
| Consumer Durables | 2.4% | 3.8% | 4.6% | 5.4% | 5.7% | 5.1% |
| Auto Components | 3.5% | 4.5% | 3.6% | 4.0% | 4.3% | 4.2% |
| IT - Software | 7.4% | 4.2% | 2.5% | 3.7% | 4.0% | 4.2% |
| Insurance | 1.9% | 3.9% | 4.1% | 3.8% | 4.0% | 4.0% |
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
0.6%
▼ 0.5 pts vs Dec 2025
- Cash alone
- 0.6%
- cash and net receivables
- A year earlier
- 2.6%
- Jan 2025 · now ▼ 2.0 pts
- Last 12 months
- 0.6% – 3.1%
- lowest to highest · record 3.1% in Apr 2025
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.