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Reliance Value Fund
Disclosed for 84 months, Sep 2012 to Aug 2019. This scheme is no longer reporting.Published as: RELIANCE VALUE FUND (An Open Ended Equity Scheme Following A Value Investment Strategy)
Portfolio value
₹2,863 Cr
down ₹76.7 Cr vs Aug 2016
- Stocks held
- 52
- down 1 vs Aug 2016
- Top 10 weight
- 38.4%
- of the portfolio in its ten largest
- Cash & debt
- 1.2%
- cash, money market and debt
- Moves this month
- 1 in · 2 out
- added to 8, trimmed 34
Reliance Value Fund is an active equity fund in the Value / Contra category from Nippon India Mutual Fund. In September 2016 it disclosed 52 stocks worth ₹2,863 Cr, down ₹76.7 Cr from Aug 2016. Its largest positions were Honeywell Automation India Limited (5.7%), Bombay Burmah Trading Corporation Limited (4.5%), HDFC Bank Limited (4.4%); the ten largest together made up 38.4% of the portfolio, and Banks was the biggest sector at 14.8% of its equity. Cash and debt stood at 1.2%. Compared with Aug 2016 the fund entered 1 new stock and exited 2.
Against 27 other Value / Contra funds
Concentration
52%
Top-10 weight is higher than 52% of peers
Breadth
30%
Holds more stocks than 30% of peers
Cash
15%
Holds more cash than 15% of peers
Holdings in September 2016
Download CSVEvery line the fund disclosed, with the change against Aug 2016. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 5.66%
- Δ weight
- down 0.16 pts
- Value
- ₹162 Cr
- Δ value
- down ₹9 Cr
- Status
- Trimmed
- Weight
- 4.49%
- Δ weight
- up 0.73 pts
- Value
- ₹128 Cr
- Δ value
- up ₹18 Cr
- Status
- Added
- Weight
- 4.45%
- Δ weight
- up 0.05 pts
- Value
- ₹127 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 3.90%
- Δ weight
- down 0.21 pts
- Value
- ₹112 Cr
- Δ value
- down ₹9.3 Cr
- Status
- Trimmed
- Weight
- 3.52%
- Δ weight
- down 0.08 pts
- Value
- ₹101 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 3.36%
- Δ weight
- down 0.06 pts
- Value
- ₹96.3 Cr
- Δ value
- down ₹4.4 Cr
- Status
- Trimmed
- Weight
- 3.35%
- Δ weight
- down 0.36 pts
- Value
- ₹96 Cr
- Δ value
- down ₹13 Cr
- Status
- Trimmed
- Weight
- 3.33%
- Δ weight
- up 0.06 pts
- Value
- ₹95.4 Cr
- Δ value
- down ₹83 L
- Status
- Trimmed
- Weight
- 3.26%
- Δ weight
- down 0.04 pts
- Value
- ₹93.2 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 3.09%
- Δ weight
- up 0.24 pts
- Value
- ₹88.6 Cr
- Δ value
- up ₹4.7 Cr
- Status
- Added
- Weight
- 3.05%
- Δ weight
- up 0.12 pts
- Value
- ₹87.4 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 2.96%
- Δ weight
- down 0.08 pts
- Value
- ₹84.8 Cr
- Δ value
- down ₹4.5 Cr
- Status
- Trimmed
- Weight
- 2.89%
- Δ weight
- up 0.08 pts
- Value
- ₹82.9 Cr
- Δ value
- up ₹2 L
- Status
- Held
- Weight
- 2.84%
- Δ weight
- up 0.06 pts
- Value
- ₹81.2 Cr
- Δ value
- down ₹42 L
- Status
- Trimmed
- Weight
- 2.70%
- Δ weight
- up <0.01 pts
- Value
- ₹77.2 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 2.68%
- Δ weight
- up 1.39 pts
- Value
- ₹76.6 Cr
- Δ value
- up ₹38.8 Cr
- Status
- Added
- Weight
- 2.63%
- Δ weight
- up 0.06 pts
- Value
- ₹75.4 Cr
- Δ value
- down ₹38 L
- Status
- Held
- Weight
- 2.44%
- Δ weight
- down 0.12 pts
- Value
- ₹69.8 Cr
- Δ value
- down ₹5.4 Cr
- Status
- Trimmed
- Weight
- 2.33%
- Δ weight
- down 0.04 pts
- Value
- ₹66.7 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 2.01%
- Δ weight
- down 0.03 pts
- Value
- ₹57.6 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Weight
- 1.92%
- Δ weight
- down 0.16 pts
- Value
- ₹55.1 Cr
- Δ value
- down ₹6.3 Cr
- Status
- Trimmed
- Weight
- 1.84%
- Δ weight
- down 0.34 pts
- Value
- ₹52.6 Cr
- Δ value
- down ₹11.4 Cr
- Status
- Trimmed
- Weight
- 1.82%
- Δ weight
- up 0.06 pts
- Value
- ₹52.2 Cr
- Δ value
- up ₹23 L
- Status
- Held
- Weight
- 1.67%
- Δ weight
- up 0.02 pts
- Value
- ₹47.7 Cr
- Δ value
- down ₹68 L
- Status
- Trimmed
- Weight
- 1.63%
- Δ weight
- down 0.05 pts
- Value
- ₹46.6 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 1.62%
- Δ weight
- up 0.18 pts
- Value
- ₹46.3 Cr
- Δ value
- up ₹4.2 Cr
- Status
- Added
- Weight
- 1.59%
- Δ weight
- up 0.05 pts
- Value
- ₹45.7 Cr
- Δ value
- up ₹12 L
- Status
- Held
- Weight
- 1.52%
- Δ weight
- down 0.17 pts
- Value
- ₹43.4 Cr
- Δ value
- down ₹6.2 Cr
- Status
- Trimmed
- Weight
- 1.45%
- Δ weight
- up 0.03 pts
- Value
- ₹41.4 Cr
- Δ value
- down ₹8 L
- Status
- Held
- Weight
- 1.35%
- Δ weight
- up 0.04 pts
- Value
- ₹38.6 Cr
- Δ value
- up ₹5 L
- Status
- Held
- Weight
- 1.30%
- Δ weight
- up 0.01 pts
- Value
- ₹37.2 Cr
- Δ value
- down ₹77 L
- Status
- Trimmed
- Weight
- 1.29%
- Δ weight
- down 0.02 pts
- Value
- ₹37.1 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 1.27%
- Δ weight
- up 0.10 pts
- Value
- ₹36.5 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 1.26%
- Δ weight
- up 0.01 pts
- Value
- ₹36.2 Cr
- Δ value
- down ₹60 L
- Status
- Trimmed
- Weight
- 1.26%
- Δ weight
- up 0.09 pts
- Value
- ₹36 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.16%
- Δ weight
- up 0.22 pts
- Value
- ₹33.2 Cr
- Δ value
- up ₹5.5 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- down 0.11 pts
- Value
- ₹31.8 Cr
- Δ value
- down ₹4.1 Cr
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.05 pts
- Value
- ₹29 Cr
- Δ value
- down ₹2.4 Cr
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- up 0.01 pts
- Value
- ₹28.3 Cr
- Δ value
- down ₹57 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- down 0.05 pts
- Value
- ₹28.3 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down 0.08 pts
- Value
- ₹27.8 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 0.84%
- Δ weight
- down 0.16 pts
- Value
- ₹24.1 Cr
- Δ value
- down ₹5.3 Cr
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- down 0.04 pts
- Value
- ₹23.4 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- up 0.01 pts
- Value
- ₹22.8 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Weight
- 0.79%
- Δ weight
- down 0.06 pts
- Value
- ₹22.5 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- COX AND KINGS LTD.Cox & Kings Ltd · history in this fund
- Weight
- 0.77%
- Δ weight
- up 0.13 pts
- Value
- ₹22.1 Cr
- Δ value
- up ₹3.4 Cr
- Status
- Added
- Weight
- 0.59%
- Δ weight
- down 0.36 pts
- Value
- ₹16.8 Cr
- Δ value
- down ₹11.1 Cr
- Status
- Trimmed
- Weight
- 0.53%
- Δ weight
- up 0.01 pts
- Value
- ₹15.1 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 0.48%
- Δ weight
- up 0.01 pts
- Value
- ₹13.8 Cr
- Δ value
- up ₹4 L
- Status
- Held
- Weight
- 0.32%
- Δ weight
- up 0.32 pts
- Value
- ₹9.2 Cr
- Δ value
- up ₹9.2 Cr
- Status
- New
- Weight
- 0.06%
- Δ weight
- down 0.33 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹9.8 Cr
- Status
- Trimmed
- UPL Limited (Preference shares)Other
- Weight
- 0.06%
- Δ weight
- up <0.01 pts
- Value
- ₹1.6 Cr
- Δ value
- —
- Status
- Held
- Weight
- 0.00%
- Δ weight
- —
- Value
- ₹0 L
- Δ value
- —
- Status
- Held
- Weight
- 0.00%
- Δ weight
- —
- Value
- ₹0 L
- Δ value
- —
- Status
- Held
What changed, Aug 2016 to Sep 2016
New New positions (1)
- InterGlobe Aviation Limited0.3% · ₹9.2 Cr
Exited Exited (2)
- Thermax Limitedwas 0.6% · ₹16.7 Cr
- Inox Wind Limitedwas 0.3% · ₹10 Cr
Added Biggest additions
- TATA MOTORS LTD.up ₹38.8 Cr (+1.39% pts)
- Bombay Burmah Trading Corporation Limitedup ₹18 Cr (+0.73% pts)
- Cholamandalam Financial Holdings Limited ₹4.7 Cr (+0.24% 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 Aug 2016, the weight rose most in Auto (+1.4 pts) and Food Products (+0.7 pts), and fell most in Electrical Equipment (−1.0 pts) and IT - Software (−0.5 pts).
- Auto1.3% → 2.7%+1.4 pts
- Food Products3.8% → 4.5%+0.7 pts
- Banks14.4% → 14.8%+0.4 pts
- Transport Services0.0% → 0.3%new+0.3 pts
- Transportation0.6% → 0.8%+0.1 pts
- Finance5.5% → 5.6%+0.1 pts
- Electrical Equipment3.9% → 2.9%−1.0 pts
- IT - Software9.3% → 8.9%−0.5 pts
- Leisure Services4.9% → 4.4%−0.4 pts
- Agricultural, Commercial & Construction Vehicles2.2% → 1.9%−0.3 pts
- Fertilisers0.9% → 0.6%−0.3 pts
- Construction5.2% → 5.0%−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 | Sep 2013 | Sep 2015 | Mar 2016 | Jun 2016 | Aug 2016 | Sep 2016 |
|---|---|---|---|---|---|---|
| Banks | 10.6% | 14.3% | 12.2% | 11.8% | 14.4% | 14.8% |
| IT - Software | 14.9% | 10.1% | 12.5% | 10.6% | 9.3% | 8.9% |
| Pharmaceuticals & Biotechnology | 13.0% | 9.6% | 6.8% | 6.1% | 6.4% | 6.4% |
| Industrial Manufacturing | 2.1% | 6.2% | 6.1% | 6.2% | 5.9% | 5.7% |
| Finance | 5.2% | 2.0% | 3.9% | 4.9% | 5.5% | 5.6% |
| Cement & Cement Products | — | 4.0% | 5.3% | 5.5% | 5.5% | 5.4% |
| Construction | 3.2% | 5.0% | 5.2% | 5.8% | 5.2% | 5.0% |
| Food Products | 0.9% | 3.8% | 3.1% | 3.3% | 3.8% | 4.5% |
| Leisure Services | — | 1.4% | 4.2% | 4.7% | 4.9% | 4.4% |
| Services | 2.7% | 3.3% | 2.3% | 3.2% | 3.3% | 3.4% |
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, Sep 2016
1.2%
▲ 0.2 pts vs Aug 2016
- Cash alone
- 1.1%
- cash and net receivables
- A year earlier
- 1.2%
- Sep 2015
- Last 12 months
- 0.9% – 4.7%
- lowest to highest · record 4.7% in Mar 2016
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.