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Reliance Focused Equity Fund
Disclosed for 82 months, Sep 2012 to Aug 2019. This scheme is no longer reporting.Published as: RELIANCE FOCUSED EQUITY FUND (An Open Ended Multi Cap Equity Scheme Investing In Maximum 30 Stocks)
Portfolio value
₹4,165 Cr
down ₹88.2 Cr vs Dec 2018
Reliance Focused Equity Fund is an active equity fund in the Multi Cap category from Nippon India Mutual Fund. In January 2019 it disclosed 29 stocks worth ₹4,165 Cr, down ₹88.2 Cr from Dec 2018. Its largest positions were State Bank of India (9.7%), HDFC Bank Limited (7.0%), ITC Limited (7.0%); the ten largest together made up 53.0% of the portfolio, and Banks was the biggest sector at 30.1% of its equity. Cash and debt stood at 7.5%. Compared with Dec 2018 the fund entered 1 new stock and exited 0.
Against 33 other Multi Cap funds
Concentration
97%
Top-10 weight is higher than 97% of peers
Breadth
3%
Holds more stocks than 3% of peers
Cash
88%
Holds more cash than 88% of peers
What these mean: concentration · cash
Holdings in January 2019
Download CSVEvery line the fund disclosed, with the change against Dec 2018. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| State Bank of India | 9.67% | up 0.13 pts | ₹403 Cr | down ₹3.1 Cr | Trimmed |
| HDFC Bank Limited | 7.02% | up 0.01 pts | ₹292 Cr | down ₹5.9 Cr | Trimmed |
| ITC Limited | 6.96% | up 0.07 pts | ₹290 Cr | down ₹3.1 Cr | Trimmed |
| ICICI Bank Limited | 6.19% | up 0.20 pts | ₹258 Cr | up ₹3 Cr | Added |
| Cash, TREPS & receivables | 5.31% | up 2.47 pts | ₹221 Cr | up ₹100 Cr | Added |
| GAIL (India) Limited | 4.76% | up 0.49 pts | ₹198 Cr | up ₹16.7 Cr | Added |
| Infosys Limited | 4.51% | up 0.63 pts | ₹188 Cr | up ₹22.7 Cr | Added |
| Samvardhana Motherson International Limited | 3.88% | down 0.04 pts | ₹162 Cr | down ₹5.2 Cr | Trimmed |
| Indian Oil Corporation Limited | 3.41% | up 0.07 pts | ₹142 Cr | down ₹21 L | Held |
| Tata Motors Limited | 3.28% | up 0.22 pts | ₹137 Cr | up ₹6.4 Cr | Added |
| Larsen & Toubro Limited | 3.28% | down 0.23 pts | ₹137 Cr | down ₹12.8 Cr | Trimmed |
| The Federal Bank Limited | 3.18% | down 0.20 pts | ₹132 Cr | down ₹11.3 Cr | Trimmed |
| Varun Beverages Limited | 2.97% | up 0.19 pts | ₹124 Cr | up ₹5.5 Cr | Added |
| Bharti Airtel Limited | 2.82% | up <0.01 pts | ₹117 Cr | down ₹2.3 Cr | Trimmed |
| SBI Life Insurance Company Limited | 2.70% | down 0.05 pts | ₹113 Cr | down ₹4.6 Cr | Trimmed |
| GE Power India Limited | 2.52% | down 0.15 pts | ₹105 Cr | down ₹8.6 Cr | Trimmed |
| Honeywell Automation India Limited | 2.49% | down 0.02 pts | ₹104 Cr | down ₹2.9 Cr | Trimmed |
| Voltas Limited | 2.21% | up 1.40 pts | ₹92.2 Cr | up ₹57.6 Cr | Added |
| Muthoot Finance Limited | 2.19% | down 0.47 pts | ₹91.2 Cr | down ₹21.9 Cr | Trimmed |
| Dixon Technologies (India) Limited | 2.11% | up 0.23 pts | ₹88.1 Cr | up ₹8 Cr | Added |
| Info Edge (India) Limited | 2.06% | down 0.15 pts | ₹85.7 Cr | down ₹8 Cr | Trimmed |
| ICICI Securities Limited | 2.02% | down 0.47 pts | ₹84.1 Cr | down ₹21.8 Cr | Trimmed |
| NCC Limited | 1.98% | down 0.17 pts | ₹82.5 Cr | down ₹8.9 Cr | Trimmed |
| Thomas Cook (India) Limited | 1.79% | down 0.05 pts | ₹74.4 Cr | down ₹3.9 Cr | Trimmed |
| The India Cements Limited | 1.78% | down 0.21 pts | ₹74.2 Cr | down ₹10.4 Cr | Trimmed |
| Axis Bank Limited | 1.74% | up 1.74 pts | ₹72.3 Cr | up ₹72.3 Cr | New |
| Max Financial Services Limited | 1.72% | down 0.17 pts | ₹71.7 Cr | down ₹8.6 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.71% | down 0.03 pts | ₹71.2 Cr | down ₹2.8 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 1.49% | down 0.11 pts | ₹62.2 Cr | down ₹6.2 Cr | Trimmed |
| Housing Development Finance Corporation Limited Money market | 1.12% | up 1.12 pts | ₹46.8 Cr | up ₹46.8 Cr | New |
| IDFC First Bank Limited Money market | 1.11% | up 1.11 pts | ₹46.4 Cr | up ₹46.4 Cr | New |
| Chennai Super Kings Cricket Ltd | 0.00% | — | ₹0 L | — | Held |
What changed, Dec 2018 to Jan 2019
New New positions (1)
- Axis Bank Limited1.7% · ₹72.3 Cr
Exited Exited (0)
None.
Added Biggest additions
- Voltas Limitedup ₹57.6 Cr (+1.40% pts)
- Infosys Limitedup ₹22.7 Cr (+0.63% pts)
- GAIL (India) Limitedup ₹16.7 Cr (+0.49% pts)
- Dixon Technologies (India) Limitedup ₹8 Cr (+0.23% pts)
- Tata Motors Limited
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 Dec 2018, the weight rose most in Consumer Durables (+1.7 pts) and Banks (+1.1 pts), and fell most in Finance (−0.8 pts) and Construction (−0.6 pts).
- Consumer Durables3.0% → 4.7%+1.7 pts
- Banks28.9% → 30.1%+1.1 pts
- IT - Software4.3% → 4.9%+0.5 pts
- Gas4.8% → 5.2%+0.4 pts
- Automobiles3.4% → 3.6%+0.1 pts
- Beverages3.1% → 3.2%+0.1 pts
- Finance4.8% → 4.0%−0.8 pts
- Construction6.3% → 5.7%−0.6 pts
- Capital Markets2.8% → 2.2%−0.6 pts
- Insurance5.2% → 4.8%−0.4 pts
- Cement & Cement Products2.2% → 1.9%−0.3 pts
- Industrial Capital Goods3.0% → 2.7%−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 | Jan 2016 | Jan 2018 | Jul 2018 | Oct 2018 | Dec 2018 | Jan 2019 |
|---|---|---|---|---|---|---|
| Banks | 7.2% | 11.5% | 30.9% | 30.6% | 28.9% | 30.1% |
| Diversified FMCG | — | 0.3% | 7.1% | 7.7% | 7.7% | 7.5% |
| Construction | 1.8% | 4.1% | 5.1% | 5.5% | 6.3% | 5.7% |
| Gas | — | — | 4.6% | 3.7% | 4.8% | 5.2% |
| IT - Software | 3.1% | 1.7% | 4.1% | 4.7% | 4.3% | 4.9% |
| Insurance | — | 2.2% | 5.4% | 4.9% | 5.2% | 4.8% |
| Consumer Durables | 0.1% | 1.8% | — | 2.2% | 3.0% | 4.7% |
| Auto Components | 0.8% | 2.6% | 1.5% | 4.3% | 4.4% | 4.2% |
| Finance | 12.6% | 9.3% | 7.5% | 7.4% | 4.8% | 4.0% |
| Leisure Services | 3.5% | 3.9% | 1.6% | 3.7% | 4.0% | 3.8% |
Allocation in Jan 2019
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, Jan 2019
7.5%
▼ 2.8 pts vs Dec 2018
- Cash alone
- 5.3%
- cash and net receivables
- A year earlier
- 2.9%
- Jan 2018 · now ▲ 4.7 pts
- Last 12 months
- 6.0% – 11.6%
- lowest to highest · record 13.6% in Jul 2014
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.