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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
₹50,820 Cr
up ₹2,011 Cr vs Jan 2026
Nippon India Multi Cap Fund is an active equity fund in the Multi Cap category from Nippon India Mutual Fund. In February 2026 it disclosed 125 stocks worth ₹50,820 Cr, up ₹2,011 Cr from Jan 2026. Its largest positions were HDFC Bank Limited (5.7%), ICICI Bank Limited (4.4%), Axis Bank Limited (3.9%); the ten largest together made up 30.4% of the portfolio, and Banks was the biggest sector at 15.9% of its equity. Cash and debt stood at 0.6%. Compared with Jan 2026 the fund entered 1 new stock and exited 4.
Against 32 other Multi Cap funds
Concentration
75%
Top-10 weight is higher than 75% of peers
Breadth
94%
Holds more stocks than 94% of peers
Cash
3%
Holds more cash than 3% of peers
Holdings in February 2026
Download CSVEvery line the fund disclosed, with the change against Jan 2026. Click a column to sort; click a company to see every fund that owns it.
| HDFC Bank Limited | 5.69% | down 0.32 pts | ₹2,891 Cr | down ₹42.2 Cr | Trimmed |
| ICICI Bank Limited | 4.37% | up 0.37 pts | ₹2,219 Cr | up ₹269 Cr | Added |
| Axis Bank Limited | 3.85% | down 0.12 pts | ₹1,957 Cr | up ₹19.1 Cr | Added |
| GE Vernova T&D India Limited | 3.04% | up 0.33 pts | ₹1,545 Cr | up ₹222 Cr | Added |
| Infosys Limited | 2.54% | down 0.46 pts | ₹1,292 Cr | down ₹175 Cr | Trimmed |
| Max Financial Services Limited | 2.48% | up 0.18 pts | ₹1,261 Cr | up ₹139 Cr | Added |
| NTPC Limited | 2.24% | up 0.07 pts | ₹1,137 Cr | up ₹77.1 Cr | Added |
| Reliance Industries Limited | 2.21% | down 0.09 pts | ₹1,125 Cr | down ₹1.2 Cr | Held |
| Linde India Limited | 2.02% | up 0.14 pts | ₹1,026 Cr | up ₹110 Cr | Added |
| Larsen & Toubro Limited | 1.93% | up 0.08 pts | ₹982 Cr | up ₹79.4 Cr | Added |
| State Bank of India | 1.89% | down 0.09 pts | ₹961 Cr | down ₹8.1 Cr | Trimmed |
| ITC Limited | 1.73% | down 0.12 pts | ₹879 Cr | down ₹24 Cr | Trimmed |
| Samvardhana Motherson International Limited | 1.72% | up 0.20 pts | ₹872 Cr | up ₹134 Cr | Added |
| Bajaj Finance Limited | 1.64% | up 0.05 pts | ₹835 Cr | up ₹55.4 Cr | Added |
| FSN E-Commerce Ventures Limited | 1.57% | up 0.11 pts | ₹797 Cr | up ₹84 Cr | Added |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.48% | down 0.05 pts | ₹755 Cr | up ₹6.9 Cr | Added |
| Tata Power Company Limited | 1.46% | down 0.01 pts | ₹742 Cr | up ₹22.1 Cr | Added |
| Swiggy Limited | 1.32% | up 0.09 pts | ₹673 Cr | up ₹71.5 Cr | Added |
| EIH Limited | 1.31% | down 0.06 pts | ₹667 Cr | down ₹2.1 Cr | Held |
| SBI Cards and Payment Services Limited | 1.26% | down 0.02 pts | ₹639 Cr | up ₹17.2 Cr | Added |
| The Indian Hotels Company Limited | 1.18% | down 0.06 pts | ₹600 Cr | down ₹6.4 Cr | Trimmed |
| Mahindra & Mahindra Limited | 1.16% | down 0.06 pts | ₹589 Cr | down ₹6 Cr | Trimmed |
| Lupin Limited | 1.14% | up 0.03 pts | ₹580 Cr | up ₹37.6 Cr | Added |
| Hitachi Energy India Limited | 1.08% | up 0.25 pts | ₹551 Cr | up ₹144 Cr | Added |
| Voltas Limited | 1.07% | up 0.12 pts | ₹541 Cr | up ₹80.9 Cr | Added |
| Siemens Energy India Limited | 1.05% | up 0.07 pts | ₹534 Cr | up ₹53.2 Cr | Added |
| Maruti Suzuki India Limited | 1.02% | down 0.02 pts | ₹521 Cr | up ₹9 Cr | Added |
| Aditya Birla Sun Life AMC Limited | 0.95% | up 0.11 pts | ₹483 Cr | up ₹72.6 Cr | Added |
| Dixon Technologies (India) Limited | 0.93% | up 0.40 pts | ₹474 Cr | up ₹213 Cr | Added |
| Kennametal India Limited | 0.93% | up 0.15 pts | ₹473 Cr | up ₹90.9 Cr | Added |
| Crompton Greaves Consumer Electricals Limited | 0.92% | up 0.10 pts | ₹465 Cr | up ₹65.6 Cr | Added |
| Jubilant Foodworks Limited | 0.91% | up <0.01 pts | ₹460 Cr | up ₹20.2 Cr | Added |
| HCL Technologies Limited | 0.90% | down 0.24 pts | ₹458 Cr | down ₹101 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 0.86% | up 0.22 pts | ₹436 Cr | up ₹126 Cr | Added |
| Divi's Laboratories Limited | 0.84% | up 0.01 pts | ₹428 Cr | up ₹23.9 Cr | Added |
| Vijaya Diagnostic Centre Limited | 0.82% | up 0.02 pts | ₹417 Cr | up ₹27.2 Cr | Added |
| Tata Steel Limited | 0.82% | up 0.04 pts | ₹416 Cr | up ₹37.6 Cr | Added |
| Vishal Mega Mart Limited | 0.81% | down 0.09 pts | ₹413 Cr | down ₹28.7 Cr | Trimmed |
| Colgate Palmolive (India) Limited | 0.75% | up 0.02 pts | ₹382 Cr | up ₹23.7 Cr | Added |
| ABB India Limited | 0.75% | up 0.03 pts | ₹380 Cr | up ₹30.9 Cr | Added |
| Emami Limited | 0.74% | up 0.01 pts | ₹375 Cr | up ₹17.7 Cr | Added |
| Devyani International Limited | 0.72% | up 0.04 pts | ₹366 Cr | up ₹32.4 Cr | Added |
| NTPC Green Energy Limited | 0.72% | up 0.02 pts | ₹365 Cr | up ₹25.8 Cr | Added |
| PB Fintech Limited | 0.72% | up 0.34 pts | ₹364 Cr | up ₹182 Cr | Added |
| KEC International Limited | 0.71% | down 0.13 pts | ₹362 Cr | down ₹50.6 Cr | Trimmed |
| Delhivery Limited | 0.71% | down 0.01 pts | ₹360 Cr | up ₹8.7 Cr | Added |
| Page Industries Limited | 0.69% | down 0.05 pts | ₹348 Cr | down ₹9.6 Cr | Trimmed |
| Container Corporation of India Limited | 0.68% | down 0.04 pts | ₹347 Cr | down ₹4.6 Cr | Trimmed |
| Sai Life Sciences Limited | 0.68% | up 0.13 pts | ₹346 Cr | up ₹75.4 Cr | Added |
| PVR Limited | 0.66% | up <0.01 pts | ₹338 Cr | up ₹15.7 Cr | Added |
What changed, Jan 2026 to Feb 2026
New New positions (1)
- Tube Investments of India Limited0.6% · ₹317 Cr
Exited Exited (4)
- Bharat Forge Limitedwas 0.6% · ₹269 Cr
- Tata Motors Ltdwas 0.4% · ₹200 Cr
- JB Chemicals & Pharmaceuticals Limitedwas 0.3% · ₹168 Cr
- Sona BLW Precision Forgings Limitedwas 0.3% · ₹148 Cr
Added Biggest additions
- ICICI Bank Limitedup ₹269 Cr (+0.37% 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 Jan 2026, the weight rose most in Electrical Equipment (+1.1 pts) and Consumer Durables (+0.8 pts), and fell most in IT - Software (−0.7 pts) and Industrial Products (−0.5 pts).
- Electrical Equipment7.0% → 8.1%+1.1 pts
- Consumer Durables5.1% → 5.9%+0.8 pts
- Auto Components4.2% → 4.8%+0.6 pts
- Financial Technology (fintech)0.4% → 0.7%+0.3 pts
- Industrial Capital Goods0.8% → 0.9%+0.1 pts
- Healthcare Services1.5% → 1.6%+0.1 pts
- IT - Software4.2% → 3.5%−0.7 pts
- Industrial Products2.7% → 2.2%−0.5 pts
- Agricultural, Commercial & Construction Vehicles0.5% → <0.1%−0.5 pts
- Retailing8.0% → 7.5%−0.4 pts
- Pharmaceuticals & Biotechnology7.7% → 7.5%−0.3 pts
- Banks16.1% → 15.9%−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 | Feb 2023 | Feb 2025 | Aug 2025 | Nov 2025 | Jan 2026 | Feb 2026 |
|---|---|---|---|---|---|---|
| Banks | 16.4% | 18.2% | 15.1% | 13.7% | 16.1% | 15.9% |
| Electrical Equipment | 4.1% | 5.9% | 7.2% | 6.6% | 7.0% | 8.1% |
| Retailing | 5.2% | 5.6% | 7.2% | 8.1% | 8.0% | 7.5% |
| Pharmaceuticals & Biotechnology | 6.2% | 4.8% | 7.1% | 7.3% | 7.7% | 7.5% |
| Consumer Durables | 3.0% | 4.0% | 4.8% | 5.4% | 5.1% | 5.9% |
| Leisure Services | 7.8% | 6.9% | 5.8% | 5.2% | 5.6% | 5.5% |
| Power | 0.8% | 6.0% | 5.1% | 5.0% | 5.1% | 5.2% |
| Auto Components | 3.5% | 4.8% | 3.7% | 4.3% | 4.2% | 4.8% |
| Insurance | 1.2% | 3.9% | 4.2% | 4.1% | 4.0% | 3.9% |
| IT - Software | 7.3% | 3.8% | 3.7% | 4.0% | 4.2% | 3.5% |
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, Feb 2026
0.6%
unchanged vs Jan 2026
- Cash alone
- 0.6%
- cash and net receivables
- A year earlier
- 2.4%
- Feb 2025 · now ▼ 1.8 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.