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Small Cap · Nippon India Mutual Fund · AMFI code 113177Nippon India Small Cap Fund
Disclosed for 84 months, Sep 2019 to Aug 2026.Published as: NIPPON INDIA SMALL CAP FUND (An Open-Ended Equity Scheme Predominantly Investing In Small Cap Stocks)
Portfolio value
₹68,572 Cr
down ₹397 Cr vs Oct 2025
Nippon India Small Cap Fund is an active equity fund in the Small Cap category from Nippon India Mutual Fund. In November 2025 it disclosed 235 stocks worth ₹68,572 Cr, down ₹397 Cr from Oct 2025. Its largest positions were Multi Commodity Exchange of India Limited (2.7%), HDFC Bank Limited (2.0%), State Bank of India (1.5%); the ten largest together made up 14.5% of the portfolio, and Consumer Durables was the biggest sector at 8.0% of its equity. Cash and debt stood at 4.2%. Compared with Oct 2025 the fund entered 3 new stocks and exited 5.
Against 34 other Small Cap funds
Concentration
0%
Top-10 weight is higher than 0% of peers
Breadth
97%
Holds more stocks than 97% of peers
Cash
38%
Holds more cash than 38% of peers
What these mean: concentration · cash
Holdings in November 2025
Download CSVEvery line the fund disclosed, with the change against Oct 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 4.15% | up 0.01 pts | ₹2,847 Cr | down ₹12.4 Cr | Held |
| Multi Commodity Exchange of India Limited | 2.72% | up 0.24 pts | ₹1,865 Cr | up ₹154 Cr | Added |
| HDFC Bank Limited | 1.95% | up 0.05 pts | ₹1,340 Cr | up ₹27 Cr | Added |
| State Bank of India | 1.48% | up 0.07 pts | ₹1,013 Cr | up ₹43.5 Cr | Added |
| Karur Vysya Bank Limited | 1.38% | up 0.03 pts | ₹946 Cr | up ₹18.4 Cr | Added |
| Bharat Heavy Electricals Limited | 1.25% | up 0.15 pts | ₹858 Cr | up ₹101 Cr | Added |
| Apar Industries Limited | 1.20% | up 0.07 pts | ₹824 Cr | up ₹43.9 Cr | Added |
| TD Power Systems Limited | 1.16% | up 0.01 pts | ₹799 Cr | up ₹2.1 Cr | Held |
| eClerx Services Limited | 1.14% | down 0.04 pts | ₹779 Cr | down ₹30.3 Cr | Trimmed |
| Reliance Industries Limited | 1.13% | up 0.06 pts | ₹778 Cr | up ₹40.3 Cr | Added |
| Axis Bank Limited | 1.12% | up 0.05 pts | ₹765 Cr | up ₹28 Cr | Added |
| Kirloskar Brothers Limited | 1.10% | down 0.11 pts | ₹756 Cr | down ₹82.4 Cr | Trimmed |
| Zydus Wellness Limited | 1.06% | down 0.11 pts | ₹725 Cr | down ₹77.8 Cr | Trimmed |
| ITC Limited | 1.05% | down 0.04 pts | ₹719 Cr | down ₹28.6 Cr | Trimmed |
| Radico Khaitan Limited | 1.04% | up 0.03 pts | ₹715 Cr | up ₹17.1 Cr | Added |
| Tube Investments of India Limited | 1.01% | down 0.08 pts | ₹696 Cr | down ₹59.6 Cr | Trimmed |
| Emami Limited | 1.00% | up 0.04 pts | ₹683 Cr | up ₹27 Cr | Added |
| Asian Paints Limited | 0.97% | up 0.13 pts | ₹662 Cr | up ₹83.7 Cr | Added |
| NLC India Limited | 0.96% | down 0.07 pts | ₹656 Cr | down ₹51.6 Cr | Trimmed |
| Aster DM Healthcare Limited | 0.92% | down 0.01 pts | ₹634 Cr | down ₹12 Cr | Trimmed |
| Elantas Beck India Limited | 0.92% | up 0.02 pts | ₹633 Cr | up ₹7.4 Cr | Added |
| Paradeep Phosphates Limited | 0.88% | down 0.04 pts | ₹604 Cr | down ₹29.7 Cr | Trimmed |
| Pfizer Limited | 0.88% | down 0.04 pts | ₹600 Cr | down ₹28.2 Cr | Trimmed |
| AstraZeneca Pharma India Limited | 0.87% | down 0.05 pts | ₹594 Cr | down ₹34.9 Cr | Trimmed |
| Adani Wilmar Limited | 0.85% | down 0.05 pts | ₹582 Cr | down ₹35.6 Cr | Trimmed |
| TBO Tek Limited | 0.83% | up 0.09 pts | ₹566 Cr | up ₹58 Cr | Added |
| Whirlpool of India Limited | 0.80% | down 0.22 pts | ₹550 Cr | down ₹156 Cr | Trimmed |
| Voltamp Transformers Limited | 0.76% | up 0.07 pts | ₹524 Cr | up ₹48.6 Cr | Added |
| Hindustan Unilever Limited | 0.76% | up <0.01 pts | ₹523 Cr | up ₹23 L | Held |
| Asahi India Glass Limited | 0.76% | up 0.08 pts | ₹521 Cr | up ₹49.9 Cr | Added |
| Dixon Technologies (India) Limited | 0.75% | down 0.04 pts | ₹511 Cr | down ₹31.3 Cr | Trimmed |
| Sai Life Sciences Limited | 0.74% | down 0.02 pts | ₹511 Cr | down ₹19.5 Cr | Trimmed |
| Gokaldas Exports Limited | 0.73% | up 0.07 pts | ₹500 Cr | up ₹48.1 Cr | Added |
| Balrampur Chini Mills Limited | 0.73% | down 0.01 pts | ₹498 Cr | down ₹12.6 Cr | Trimmed |
| The Ramco Cements Limited | 0.71% | down <0.01 pts | ₹490 Cr | down ₹3.3 Cr | Trimmed |
| NIIT LEARNING SYSTEMS LTD | 0.71% | up 0.13 pts | ₹486 Cr | up ₹89.4 Cr | Added |
| HDFC Life Insurance Company Limited | 0.69% | up 0.08 pts | ₹472 Cr | up ₹51.5 Cr | Added |
| Sundram Fasteners Limited | 0.69% | down 0.01 pts | ₹470 Cr | down ₹7.4 Cr | Trimmed |
| Orkla India Limited | 0.67% | up 0.58 pts | ₹460 Cr | up ₹399 Cr | Added |
| Crompton Greaves Consumer Electricals Limited | 0.65% | down 0.02 pts | ₹446 Cr | down ₹15 Cr | Trimmed |
| Kirloskar Pneumatic Company Limited | 0.65% | down 0.02 pts | ₹446 Cr | down ₹13 Cr | Trimmed |
| Kalpataru Projects International Limited | 0.63% | down 0.03 pts | ₹435 Cr | down ₹20.5 Cr | Trimmed |
| Mas Financial Services Limited | 0.63% | up 0.01 pts | ₹430 Cr | up ₹4.7 Cr | Added |
| Affle (India) Limited | 0.63% | down 0.10 pts | ₹430 Cr | down ₹69.8 Cr | Trimmed |
| Tata Consumer Products Limited | 0.63% | up 0.01 pts | ₹429 Cr | up ₹2.7 Cr | Added |
| Ajanta Pharma Limited | 0.63% | up 0.03 pts | ₹429 Cr | up ₹16 Cr | Added |
| PhysicsWallah Limited | 0.61% | up 0.61 pts | ₹419 Cr | up ₹419 Cr | New |
| Kirloskar Oil Engines Limited | 0.61% | up 0.07 pts | ₹418 Cr | up ₹46.4 Cr | Added |
| KFin Technologies Limited | 0.61% | down 0.02 pts | ₹416 Cr | down ₹16.5 Cr | Trimmed |
| Sundaram Finance Holdings Limited | 0.60% | down 0.18 pts | ₹413 Cr | down ₹124 Cr | Trimmed |
What changed, Oct 2025 to Nov 2025
New New positions (3)
- PhysicsWallah Limited0.6% · ₹419 Cr
- Tata Motors Ltd0.6% · ₹382 Cr
- Fujiyama Power Systems Limited0.2% · ₹105 Cr
Exited Exited (5)
- HCL Technologies Limitedwas 0.2% · ₹154 Cr
- Honeywell Automation India Limitedwas 0.1% · ₹96.9 Cr
- WONDERLA HOLIDAYS LTDwas <0.1% · ₹30.2 Cr
- JK Tyre & Industries Limitedwas <0.1% · ₹25.9 Cr
- Sheela Foam Limitedwas <0.1% · ₹24 Cr
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 Oct 2025, the weight rose most in Other Consumer Services (+0.8 pts) and Agricultural, Commercial & Construction Vehicles (+0.5 pts), and fell most in Retailing (−0.5 pts) and Consumer Durables (−0.3 pts).
- Other Consumer Services0.6% → 1.4%+0.8 pts
- Agricultural, Commercial & Construction Vehicles0.5% → 1.0%+0.5 pts
- Food Products1.7% → 2.2%+0.5 pts
- Banks7.2% → 7.5%+0.3 pts
- Auto Components6.2% → 6.5%+0.3 pts
- Electrical Equipment6.2% → 6.4%+0.2 pts
- Retailing2.0% → 1.5%−0.5 pts
- Consumer Durables8.3% → 8.0%−0.3 pts
- Industrial Manufacturing1.5% → 1.2%−0.3 pts
- Finance4.6% → 4.3%−0.3 pts
- Pharmaceuticals & Biotechnology5.4% → 5.2%−0.2 pts
- Power2.5% → 2.3%−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 | Nov 2022 | Nov 2024 | May 2025 | Aug 2025 | Oct 2025 | Nov 2025 |
|---|---|---|---|---|---|---|
| Consumer Durables | 4.9% | 7.3% | 7.8% | 8.7% | 8.3% | 8.0% |
| Banks | 8.4% | 6.1% | 6.8% | 6.6% | 7.2% | 7.5% |
| Auto Components | 6.8% | 5.5% | 5.9% | 6.1% | 6.2% | 6.5% |
| Electrical Equipment | 3.0% | 7.1% | 6.5% | 5.6% | 6.2% | 6.4% |
| Industrial Products | 8.3% | 8.7% | 6.9% | 6.4% | 6.0% | 5.9% |
| Pharmaceuticals & Biotechnology | 3.7% | 4.9% | 5.3% | 5.6% | 5.4% | 5.2% |
| Capital Markets | 2.3% | 4.6% | 4.3% | 4.3% | 4.8% | 5.0% |
| Finance | 4.6% | 3.3% | 3.5% | 4.5% | 4.6% | 4.3% |
| Healthcare Services | 0.6% | 2.5% | 3.1% | 3.5% | 3.9% | 3.9% |
| Chemicals & Petrochemicals | 6.5% | 3.3% | 3.6% | 3.9% | 3.5% | 3.3% |
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, Nov 2025
4.2%
unchanged vs Oct 2025
- Cash alone
- 4.2%
- cash and net receivables
- A year earlier
- 4.9%
- Nov 2024 · now ▼ 0.8 pts
- Last 12 months
- 2.5% – 6.0%
- lowest to highest · record 6.0% in Feb 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.