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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
₹46,321 Cr
₹4,499 Cr vs Feb 2026
Nippon India Multi Cap Fund is an active equity fund in the Multi Cap category from Nippon India Mutual Fund. In March 2026 it disclosed 122 stocks worth ₹46,321 Cr, down ₹4,499 Cr from Feb 2026. Its largest positions were HDFC Bank Limited (5.5%), ICICI Bank Limited (4.5%), Axis Bank Limited (3.5%); the ten largest together made up 29.9% of the portfolio, and Banks was the biggest sector at 15.1% of its equity. Cash and debt stood at 1.1%. Compared with Feb 2026 the fund entered 1 new stock and exited 4.
Against 32 other Multi Cap funds
Concentration
63%
Top-10 weight is higher than 63% of peers
Breadth
94%
Holds more stocks than 94% of peers
Cash
9%
Holds more cash than 9% of peers
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 2026. Click a column to sort; click a company to see every fund that owns it.
| HDFC Bank Limited | 5.46% | down 0.23 pts | ₹2,529 Cr | down ₹362 Cr | Trimmed |
| ICICI Bank Limited | 4.45% | up 0.08 pts | ₹2,061 Cr | down ₹158 Cr | Trimmed |
| Axis Bank Limited | 3.55% | down 0.31 pts | ₹1,642 Cr | down ₹315 Cr | Trimmed |
| Infosys Limited | 2.82% | up 0.28 pts | ₹1,306 Cr | up ₹13.3 Cr | Added |
| GE Vernova T&D India Limited | 2.77% | down 0.27 pts | ₹1,284 Cr | down ₹261 Cr | Trimmed |
| NTPC Limited | 2.38% | up 0.14 pts | ₹1,103 Cr | down ₹33.5 Cr | Trimmed |
| Linde India Limited | 2.25% | up 0.23 pts | ₹1,043 Cr | up ₹17.4 Cr | Added |
| Reliance Industries Limited | 2.20% | down 0.02 pts | ₹1,017 Cr | down ₹108 Cr | Trimmed |
| Max Financial Services Limited | 2.14% | down 0.34 pts | ₹992 Cr | down ₹269 Cr | Trimmed |
| Larsen & Toubro Limited | 1.89% | down 0.04 pts | ₹874 Cr | down ₹108 Cr | Trimmed |
| ITC Limited | 1.74% | up 0.01 pts | ₹806 Cr | down ₹72.6 Cr | Trimmed |
| Tata Power Company Limited | 1.61% | up 0.15 pts | ₹745 Cr | up ₹2.4 Cr | Held |
| FSN E-Commerce Ventures Limited | 1.52% | down 0.05 pts | ₹705 Cr | down ₹91.5 Cr | Trimmed |
| Reliance Liquid Fund - Treasury Plan- Direct Plan - Growth Plan Fund units | 1.51% | up 1.51 pts | ₹701 Cr | up ₹701 Cr | New |
| Samvardhana Motherson International Limited | 1.48% | down 0.23 pts | ₹687 Cr | down ₹185 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.42% | down 0.07 pts | ₹657 Cr | down ₹97.4 Cr | Trimmed |
| Swiggy Limited | 1.34% | up 0.01 pts | ₹619 Cr | down ₹54 Cr | Trimmed |
| State Bank of India | 1.29% | down 0.61 pts | ₹596 Cr | down ₹366 Cr | Trimmed |
| Bajaj Finance Limited | 1.28% | down 0.37 pts | ₹592 Cr | down ₹243 Cr | Trimmed |
| Lupin Limited | 1.26% | up 0.12 pts | ₹583 Cr | up ₹3 Cr | Added |
| EIH Limited | 1.20% | down 0.12 pts | ₹554 Cr | down ₹114 Cr | Trimmed |
| Mahindra & Mahindra Limited | 1.17% | up 0.01 pts | ₹542 Cr | down ₹46.8 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 1.13% | down 0.13 pts | ₹524 Cr | down ₹115 Cr | Trimmed |
| Maruti Suzuki India Limited | 1.13% | up 0.11 pts | ₹524 Cr | up ₹2.9 Cr | Added |
| The Indian Hotels Company Limited | 1.11% | down 0.07 pts | ₹514 Cr | down ₹86.5 Cr | Trimmed |
| Cash, TREPS & receivables | 1.11% | up 0.51 pts | ₹514 Cr | up ₹210 Cr | Added |
| Voltas Limited | 1.10% | up 0.03 pts | ₹508 Cr | down ₹33.3 Cr | Trimmed |
| Hitachi Energy India Limited | 1.08% | down 0.01 pts | ₹499 Cr | down ₹52.3 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.03% | up 0.07 pts | ₹475 Cr | down ₹8.3 Cr | Trimmed |
| Siemens Energy India Limited | 1.01% | down 0.04 pts | ₹467 Cr | down ₹66.6 Cr | Trimmed |
| HCL Technologies Limited | 0.96% | up 0.05 pts | ₹443 Cr | down ₹15.7 Cr | Trimmed |
| Dixon Technologies (India) Limited | 0.94% | up 0.01 pts | ₹436 Cr | down ₹38.5 Cr | Trimmed |
| Kennametal India Limited | 0.89% | down 0.04 pts | ₹413 Cr | down ₹60.3 Cr | Trimmed |
| Crompton Greaves Consumer Electricals Limited | 0.87% | down 0.04 pts | ₹403 Cr | down ₹61.8 Cr | Trimmed |
| Divi's Laboratories Limited | 0.86% | up 0.02 pts | ₹397 Cr | down ₹30.8 Cr | Trimmed |
| Vishal Mega Mart Limited | 0.86% | up 0.04 pts | ₹396 Cr | down ₹16.8 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 0.85% | down 0.01 pts | ₹394 Cr | down ₹42.2 Cr | Trimmed |
| Jubilant Foodworks Limited | 0.83% | down 0.08 pts | ₹384 Cr | down ₹76 Cr | Trimmed |
| Tata Steel Limited | 0.81% | down 0.01 pts | ₹376 Cr | down ₹40.1 Cr | Trimmed |
| NTPC Green Energy Limited | 0.81% | up 0.09 pts | ₹373 Cr | up ₹8.8 Cr | Added |
| ABB India Limited | 0.80% | up 0.05 pts | ₹371 Cr | down ₹8.2 Cr | Trimmed |
| Emami Limited | 0.78% | up 0.05 pts | ₹362 Cr | down ₹12.3 Cr | Trimmed |
| Vijaya Diagnostic Centre Limited | 0.78% | down 0.04 pts | ₹359 Cr | down ₹57.5 Cr | Trimmed |
| PB Fintech Limited | 0.76% | up 0.04 pts | ₹351 Cr | down ₹13.2 Cr | Trimmed |
| Delhivery Limited | 0.75% | up 0.04 pts | ₹346 Cr | down ₹13.9 Cr | Trimmed |
| Page Industries Limited | 0.74% | up 0.06 pts | ₹345 Cr | down ₹3.6 Cr | Trimmed |
| Emcure Pharmaceuticals Limited | 0.74% | up 0.12 pts | ₹342 Cr | up ₹30 Cr | Added |
| Sai Life Sciences Limited | 0.73% | up 0.05 pts | ₹337 Cr | down ₹9.1 Cr | Trimmed |
| United Breweries Limited | 0.71% | up 0.13 pts | ₹330 Cr | up ₹31.6 Cr | Added |
| Devyani International Limited | 0.70% | down 0.02 pts | ₹326 Cr | down ₹40.6 Cr | Trimmed |
What changed, Feb 2026 to Mar 2026
New New positions (1)
- Meesho Ltd0.1% · ₹29 Cr
Exited Exited (4)
- HDFC Life Insurance Company Limitedwas 0.5% · ₹250 Cr
- Hyundai Motor India Ltdwas 0.3% · ₹161 Cr
- InterGlobe Aviation Limitedwas 0.3% · ₹147 Cr
- V.S.T Tillers Tractors Limitedwas <0.1% · ₹11.2 Cr
Added Biggest additions
- PhysicsWallah Limitedup ₹83.5 Cr (+0.18% 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 Feb 2026, the weight rose most in Pharmaceuticals & Biotechnology (+0.6 pts) and Power (+0.6 pts), and fell most in Banks (−0.8 pts) and Insurance (−0.7 pts).
- Pharmaceuticals & Biotechnology7.5% → 8.0%+0.6 pts
- Power5.2% → 5.7%+0.6 pts
- Retailing7.5% → 8.0%+0.5 pts
- IT - Software3.5% → 3.9%+0.4 pts
- Chemicals & Petrochemicals2.6% → 2.9%+0.3 pts
- Other Consumer Services<0.1% → 0.2%+0.2 pts
- Banks15.9% → 15.1%−0.8 pts
- Insurance3.9% → 3.2%−0.7 pts
- Finance3.2% → 2.8%−0.4 pts
- Transport Services2.6% → 2.2%−0.3 pts
- Leisure Services5.5% → 5.2%−0.3 pts
- Auto Components4.8% → 4.5%−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 | Mar 2023 | Mar 2025 | Sep 2025 | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|---|---|---|
| Banks | 16.6% | 17.8% | 14.3% | 14.0% | 15.9% | 15.1% |
| Pharmaceuticals & Biotechnology | 6.2% | 4.5% | 7.3% | 7.6% | 7.5% | 8.0% |
| Retailing | 5.2% | 5.3% | 7.4% | 8.4% | 7.5% | 8.0% |
| Electrical Equipment | 4.1% | 6.4% | 6.8% | 6.4% | 8.1% | 8.0% |
| Consumer Durables | 3.1% | 4.1% | 5.3% | 5.7% | 5.9% | 5.9% |
| Power | 0.6% | 6.3% | 5.4% | 5.0% | 5.2% | 5.7% |
| Leisure Services | 8.1% | 6.8% | 5.3% | 6.0% | 5.5% | 5.2% |
| Auto Components | 3.0% | 4.7% | 4.1% | 4.3% | 4.8% | 4.5% |
| IT - Software | 7.0% | 3.1% | 3.7% | 4.0% | 3.5% | 3.9% |
| Insurance | 1.4% | 4.1% | 3.9% | 4.0% | 3.9% | 3.2% |
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, Mar 2026
1.1%
▲ 0.5 pts vs Feb 2026
- Cash alone
- 1.1%
- cash and net receivables
- A year earlier
- 2.2%
- Mar 2025 · now ▼ 1.1 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.