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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
₹3,140 Cr
down ₹154 Cr vs Feb 2018
- Stocks held
- 56
- up 5 vs Feb 2018
- Top 10 weight
- 40.1%
- of the portfolio in its ten largest
- Cash & debt
- 3.3%
- cash, money market and debt
- Moves this month
- 7 in · 2 out
- added to 10, trimmed 33
Reliance Value Fund is an active equity fund in the Value / Contra category from Nippon India Mutual Fund. In March 2018 it disclosed 56 stocks worth ₹3,140 Cr, down ₹154 Cr from Feb 2018. Its largest positions were Honeywell Automation India Limited (8.2%), HDFC Bank Limited (5.8%), Larsen & Toubro Limited (4.4%); the ten largest together made up 40.1% of the portfolio, and Banks was the biggest sector at 17.5% of its equity. Cash and debt stood at 3.3%. Compared with Feb 2018 the fund entered 7 new stocks and exited 2.
Against 27 other Value / Contra funds
Concentration
56%
Top-10 weight is higher than 56% of peers
Breadth
33%
Holds more stocks than 33% of peers
Cash
37%
Holds more cash than 37% of peers
Holdings in March 2018
Download CSVEvery line the fund disclosed, with the change against Feb 2018. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.20%
- Δ weight
- up 0.06 pts
- Value
- ₹257 Cr
- Δ value
- down ₹10.6 Cr
- Status
- Trimmed
- Weight
- 5.83%
- Δ weight
- up 0.28 pts
- Value
- ₹183 Cr
- Δ value
- up ₹18 L
- Status
- Held
- Weight
- 4.38%
- Δ weight
- up 0.18 pts
- Value
- ₹138 Cr
- Δ value
- down ₹76 L
- Status
- Trimmed
- Weight
- 3.56%
- Δ weight
- up 0.27 pts
- Value
- ₹112 Cr
- Δ value
- up ₹3.3 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 3.32%
- Δ weight
- down 3.27 pts
- Value
- ₹104 Cr
- Δ value
- down ₹113 Cr
- Status
- Trimmed
- Weight
- 3.18%
- Δ weight
- down 0.07 pts
- Value
- ₹100 Cr
- Δ value
- down ₹7.2 Cr
- Status
- Trimmed
- Weight
- 3.10%
- Δ weight
- up 0.05 pts
- Value
- ₹97.5 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 2.98%
- Δ weight
- up 0.31 pts
- Value
- ₹93.7 Cr
- Δ value
- up ₹5.5 Cr
- Status
- Added
- Weight
- 2.98%
- Δ weight
- up 0.43 pts
- Value
- ₹93.6 Cr
- Δ value
- up ₹9.5 Cr
- Status
- Added
- Weight
- 2.94%
- Δ weight
- up 0.35 pts
- Value
- ₹92.2 Cr
- Δ value
- up ₹7.1 Cr
- Status
- Added
- Weight
- 2.91%
- Δ weight
- down 0.02 pts
- Value
- ₹91.5 Cr
- Δ value
- down ₹5.2 Cr
- Status
- Trimmed
- Weight
- 2.87%
- Δ weight
- up 0.18 pts
- Value
- ₹90 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 2.84%
- Δ weight
- down 0.07 pts
- Value
- ₹89 Cr
- Δ value
- down ₹6.7 Cr
- Status
- Trimmed
- Weight
- 2.75%
- Δ weight
- down 0.55 pts
- Value
- ₹86.5 Cr
- Δ value
- down ₹22.3 Cr
- Status
- Trimmed
- Weight
- 2.68%
- Δ weight
- up 0.22 pts
- Value
- ₹84.2 Cr
- Δ value
- up ₹3.2 Cr
- Status
- Added
- Weight
- 2.40%
- Δ weight
- down 0.12 pts
- Value
- ₹75.5 Cr
- Δ value
- down ₹7.6 Cr
- Status
- Trimmed
- Weight
- 2.28%
- Δ weight
- down 2.82 pts
- Value
- ₹71.7 Cr
- Δ value
- down ₹96.5 Cr
- Status
- Trimmed
- Weight
- 2.23%
- Δ weight
- down 0.03 pts
- Value
- ₹70 Cr
- Δ value
- down ₹4.3 Cr
- Status
- Trimmed
- Weight
- 2.23%
- Δ weight
- up 0.03 pts
- Value
- ₹69.9 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 2.15%
- Δ weight
- down 0.09 pts
- Value
- ₹67.6 Cr
- Δ value
- down ₹6.2 Cr
- Status
- Trimmed
- Weight
- 1.97%
- Δ weight
- down 0.09 pts
- Value
- ₹61.8 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 1.97%
- Δ weight
- up 0.10 pts
- Value
- ₹61.8 Cr
- Δ value
- up ₹13 L
- Status
- Held
- Weight
- 1.77%
- Δ weight
- down 0.02 pts
- Value
- ₹55.7 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 1.75%
- Δ weight
- down 0.04 pts
- Value
- ₹54.9 Cr
- Δ value
- down ₹4.2 Cr
- Status
- Trimmed
- Weight
- 1.71%
- Δ weight
- down 0.26 pts
- Value
- ₹53.7 Cr
- Δ value
- down ₹11.2 Cr
- Status
- Trimmed
- Weight
- 1.70%
- Δ weight
- up 0.27 pts
- Value
- ₹53.4 Cr
- Δ value
- up ₹6.1 Cr
- Status
- Added
- Weight
- 1.62%
- Δ weight
- down 0.19 pts
- Value
- ₹50.7 Cr
- Δ value
- down ₹8.8 Cr
- Status
- Trimmed
- Weight
- 1.59%
- Δ weight
- down 0.07 pts
- Value
- ₹49.9 Cr
- Δ value
- down ₹4.6 Cr
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- down 0.03 pts
- Value
- ₹46.2 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- up 0.92 pts
- Value
- ₹46.2 Cr
- Δ value
- up ₹27.9 Cr
- Status
- Added
- Weight
- 1.45%
- Δ weight
- up 1.22 pts
- Value
- ₹45.5 Cr
- Δ value
- up ₹38 Cr
- Status
- Added
- Weight
- 1.42%
- Δ weight
- up 1.08 pts
- Value
- ₹44.6 Cr
- Δ value
- up ₹33.2 Cr
- Status
- Added
- Weight
- 1.39%
- Δ weight
- down 0.12 pts
- Value
- ₹43.7 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 1.07%
- Δ weight
- up 0.77 pts
- Value
- ₹33.7 Cr
- Δ value
- up ₹23.6 Cr
- Status
- Added
- Weight
- 1.06%
- Δ weight
- down 0.13 pts
- Value
- ₹33.4 Cr
- Δ value
- down ₹5.8 Cr
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- down 0.13 pts
- Value
- ₹33 Cr
- Δ value
- down ₹6 Cr
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- down 0.04 pts
- Value
- ₹32.2 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.02 pts
- Value
- ₹31.6 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.04 pts
- Value
- ₹31.5 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- up 0.89 pts
- Value
- ₹28.1 Cr
- Δ value
- up ₹28.1 Cr
- Status
- New
- Weight
- 0.74%
- Δ weight
- up 0.74 pts
- Value
- ₹23.3 Cr
- Δ value
- up ₹23.3 Cr
- Status
- New
- Weight
- 0.66%
- Δ weight
- down 0.08 pts
- Value
- ₹20.7 Cr
- Δ value
- down ₹3.8 Cr
- Status
- Trimmed
- Weight
- 0.64%
- Δ weight
- down 0.05 pts
- Value
- ₹20.2 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 0.61%
- Δ weight
- up 0.07 pts
- Value
- ₹19.2 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 0.53%
- Δ weight
- down 0.05 pts
- Value
- ₹16.7 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 0.42%
- Δ weight
- up 0.42 pts
- Value
- ₹13.1 Cr
- Δ value
- up ₹13.1 Cr
- Status
- New
- Weight
- 0.36%
- Δ weight
- up 0.36 pts
- Value
- ₹11.2 Cr
- Δ value
- up ₹11.2 Cr
- Status
- New
- Weight
- 0.34%
- Δ weight
- down 0.02 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 0.29%
- Δ weight
- down 0.04 pts
- Value
- ₹9.1 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 0.28%
- Δ weight
- up 0.28 pts
- Value
- ₹8.9 Cr
- Δ value
- up ₹8.9 Cr
- Status
- New
- Weight
- 0.24%
- Δ weight
- up 0.24 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹7.5 Cr
- Status
- New
- Weight
- 0.23%
- Δ weight
- down 0.03 pts
- Value
- ₹7.4 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 0.19%
- Δ weight
- down 0.05 pts
- Value
- ₹5.8 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 0.13%
- Δ weight
- down 0.01 pts
- Value
- ₹4.2 Cr
- Δ value
- down ₹49 L
- Status
- Trimmed
- Weight
- 0.13%
- Δ weight
- up 0.13 pts
- Value
- ₹4 Cr
- Δ value
- up ₹4 Cr
- Status
- New
- 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, Feb 2018 to Mar 2018
New New positions (7)
- ITC Limited0.9% · ₹28.1 Cr
- Vedanta Limited0.7% · ₹23.3 Cr
- Aditya Birla Capital Limited0.4% · ₹13.1 Cr
- Bharti Airtel Limited0.4% · ₹11.2 Cr
- ACC Limited0.3% · ₹8.9 Cr
- Tata Steel Limited - Partly Paid Shares0.2% · ₹7.5 Cr
- Reliance Industries Limited0.1% · ₹4 Cr
Exited Exited (2)
- Canara Bankwas 0.8% · ₹25 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 Feb 2018, the weight rose most in Finance (+1.6 pts) and Automobiles (+1.0 pts), and fell most in Food Products (−3.1 pts) and Realty (−0.7 pts).
- Finance8.8% → 10.4%+1.6 pts
- Automobiles2.9% → 4.0%+1.0 pts
- Ferrous Metals0.3% → 1.4%+1.0 pts
- Diversified FMCG0.0% → 0.9%new+0.9 pts
- Diversified Metals0.0% → 0.8%new+0.8 pts
- Cement & Cement Products2.9% → 3.3%+0.4 pts
- Food Products5.5% → 2.4%−3.1 pts
- Realty3.5% → 2.8%−0.7 pts
- Healthcare Services2.7% → 2.3%−0.4 pts
- Industrial Capital Goods3.4% → 3.1%−0.3 pts
- Electrical Equipment3.9% → 3.5%−0.3 pts
- Auto Components3.7% → 3.4%−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 | Mar 2015 | Mar 2017 | Sep 2017 | Dec 2017 | Feb 2018 | Mar 2018 |
|---|---|---|---|---|---|---|
| Banks | 16.9% | 16.6% | 17.3% | 17.2% | 17.1% | 17.5% |
| Finance | 2.1% | 5.8% | 6.9% | 7.3% | 8.8% | 10.4% |
| Industrial Manufacturing | 5.7% | 6.0% | 8.3% | 9.0% | 8.7% | 8.5% |
| IT - Software | 8.5% | 8.5% | 7.0% | 6.7% | 7.8% | 7.7% |
| Construction | 5.2% | 5.5% | 6.4% | 6.5% | 7.6% | 7.5% |
| Pharmaceuticals & Biotechnology | 8.6% | 4.6% | 4.5% | 4.8% | 5.1% | 5.1% |
| Leisure Services | 1.3% | 4.0% | 4.5% | 4.6% | 4.3% | 4.1% |
| Automobiles | 5.7% | 2.9% | 2.9% | 2.7% | 2.9% | 4.0% |
| Electrical Equipment | 6.0% | 3.9% | 3.8% | 3.7% | 3.9% | 3.5% |
| Auto Components | 2.0% | 1.9% | 3.1% | 3.7% | 3.7% | 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, Mar 2018
3.3%
▼ 3.3 pts vs Feb 2018
- Cash alone
- 3.3%
- cash and net receivables
- A year earlier
- 2.3%
- Mar 2017 · now ▲ 1.0 pts
- Last 12 months
- 0.2% – 6.6%
- lowest to highest · record 6.8% in Dec 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.