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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
₹2,902 Cr
down ₹80.2 Cr vs Jul 2019
- Stocks held
- 68
- down 1 vs Jul 2019
- Top 10 weight
- 40.3%
- of the portfolio in its ten largest
- Cash & debt
- 5.0%
- cash, money market and debt
- Moves this month
- 2 in · 3 out
- added to 10, trimmed 38
Reliance Value Fund is an active equity fund in the Value / Contra category from Nippon India Mutual Fund. In August 2019 it disclosed 68 stocks worth ₹2,902 Cr, down ₹80.2 Cr from Jul 2019. Its largest positions were HDFC Bank Limited (8.1%), ICICI Bank Limited (5.1%), Larsen & Toubro Limited (4.3%); the ten largest together made up 40.3% of the portfolio, and Banks was the biggest sector at 23.3% of its equity. Cash and debt stood at 5.0%. Compared with Jul 2019 the fund entered 2 new stocks and exited 3.
Against 27 other Value / Contra funds
Concentration
59%
Top-10 weight is higher than 59% of peers
Breadth
59%
Holds more stocks than 59% of peers
Cash
59%
Holds more cash than 59% of peers
What these mean: concentration · cash
Holdings in August 2019
Download CSVEvery line the fund disclosed, with the change against Jul 2019. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 8.08% | up 0.13 pts | ₹234 Cr | down ₹2.5 Cr | Trimmed |
| ICICI Bank Limited | 5.09% | down 0.04 pts | ₹148 Cr | down ₹5.4 Cr | Trimmed |
| Cash, TREPS & receivables | 4.98% | up 3.82 pts | ₹144 Cr | up ₹110 Cr | Added |
| Larsen & Toubro Limited | 4.28% | down 0.07 pts | ₹124 Cr | down ₹5.5 Cr | Trimmed |
| State Bank of India | 4.15% | down 0.75 pts | ₹121 Cr | down ₹25.7 Cr | Trimmed |
| Infosys Limited | 4.03% | up 0.21 pts | ₹117 Cr | up ₹3.1 Cr | Added |
| The Phoenix Mills Limited | 3.13% | up 0.31 pts | ₹90.9 Cr | up ₹6.9 Cr | Added |
| ITC Limited | 3.06% | down 0.22 pts | ₹89 Cr | down ₹8.9 Cr | Trimmed |
| Axis Bank Limited | 3.06% | up 0.04 pts | ₹88.8 Cr | down ₹1.4 Cr | Trimmed |
| Reliance Industries Limited | 2.88% | up 0.26 pts | ₹83.5 Cr | up ₹5.5 Cr | Added |
| GE Power India Limited | 2.58% | up 0.07 pts | ₹74.9 Cr | down ₹11 L | Held |
| Divi's Laboratories Limited | 2.52% | up 0.06 pts | ₹73.1 Cr | down ₹38 L | Trimmed |
| Torrent Pharmaceuticals Limited | 2.35% | down 0.42 pts | ₹68.3 Cr | down ₹14.3 Cr | Trimmed |
| Honeywell Automation India Limited | 2.13% | up 0.20 pts | ₹61.7 Cr | up ₹4.2 Cr | Added |
| The Indian Hotels Company Limited | 2.06% | down 0.01 pts | ₹59.8 Cr | down ₹1.9 Cr | Trimmed |
| Muthoot Finance Limited | 2.02% | up 0.05 pts | ₹58.6 Cr | down ₹6 L | Held |
| Cholamandalam Financial Holdings Limited | 1.89% | down 0.05 pts | ₹54.8 Cr | down ₹2.9 Cr | Trimmed |
| EIH Limited | 1.83% | down <0.01 pts | ₹53.1 Cr | down ₹1.6 Cr | Trimmed |
| Siemens Limited | 1.78% | up 0.13 pts | ₹51.7 Cr | up ₹2.5 Cr | Added |
| Bajaj Finance Limited | 1.75% | up 0.09 pts | ₹50.9 Cr | up ₹1.2 Cr | Added |
| Intellect Design Arena Limited | 1.58% | down 0.04 pts | ₹45.9 Cr | down ₹2.6 Cr | Trimmed |
| Bharat Electronics Limited | 1.51% | up 0.04 pts | ₹43.8 Cr | up ₹9 L | Held |
| Hindustan Petroleum Corporation Limited | 1.49% | up 0.01 pts | ₹43.1 Cr | down ₹98 L | Trimmed |
| The Federal Bank Limited | 1.43% | down 0.12 pts | ₹41.5 Cr | down ₹4.8 Cr | Trimmed |
| KEC International Limited | 1.41% | down 0.59 pts | ₹41 Cr | down ₹18.7 Cr | Trimmed |
| INOX Leisure Limited | 1.30% | down 0.02 pts | ₹37.6 Cr | down ₹1.7 Cr | Trimmed |
| Indian Oil Corporation Limited | 1.29% | down 0.14 pts | ₹37.3 Cr | down ₹5.1 Cr | Trimmed |
| Hero MotoCorp Limited | 1.12% | up 0.12 pts | ₹32.4 Cr | up ₹2.7 Cr | Added |
| Titan Company Limited | 1.11% | up 0.08 pts | ₹32.2 Cr | up ₹1.4 Cr | Added |
| Max Financial Services Limited | 1.10% | up 0.04 pts | ₹31.9 Cr | up ₹31 L | Added |
| Maruti Suzuki India Limited | 1.08% | up 0.14 pts | ₹31.5 Cr | up ₹3.4 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.08% | up 0.08 pts | ₹31.3 Cr | up ₹1.6 Cr | Added |
| MRF Limited | 1.04% | up 0.12 pts | ₹30.2 Cr | up ₹2.6 Cr | Added |
| RITES Limited | 1.04% | down 0.07 pts | ₹30.1 Cr | down ₹2.8 Cr | Trimmed |
| Bharti Airtel Limited | 1.03% | up 0.05 pts | ₹29.8 Cr | up ₹79 L | Added |
| Tata Consultancy Services Limited | 1.02% | up 1.02 pts | ₹29.6 Cr | up ₹29.6 Cr | New |
| ACC Limited | 0.95% | up <0.01 pts | ₹27.7 Cr | down ₹74 L | Trimmed |
| Cipla Limited | 0.93% | down 0.07 pts | ₹26.9 Cr | down ₹2.8 Cr | Trimmed |
| Vedanta Limited | 0.92% | down 0.07 pts | ₹26.8 Cr | down ₹2.9 Cr | Trimmed |
| Syngene International Limited | 0.90% | up 0.05 pts | ₹26 Cr | up ₹65 L | Added |
| Samvardhana Motherson International Limited | 0.87% | down 0.05 pts | ₹25.2 Cr | down ₹2.3 Cr | Trimmed |
| Ador Welding Limited | 0.86% | down 0.01 pts | ₹25.1 Cr | down ₹86 L | Trimmed |
| Bajaj Auto Limited | 0.85% | up 0.10 pts | ₹24.5 Cr | up ₹2.4 Cr | Added |
| NTPC Limited | 0.78% | up 0.04 pts | ₹22.6 Cr | up ₹47 L | Added |
| NCL Industries Ltd. | 0.76% | up 0.02 pts | ₹22.1 Cr | up ₹5 L | Held |
| Tata Steel Limited | 0.70% | down 0.15 pts | ₹20.3 Cr | down ₹5.1 Cr | Trimmed |
| Cummins India Limited | 0.69% | down 0.50 pts | ₹20.1 Cr | down ₹15.3 Cr | Trimmed |
| Voltas Limited | 0.66% | up 0.08 pts | ₹19.2 Cr | up ₹1.7 Cr | Added |
| Tata Motors Limited | 0.65% | down 0.09 pts | ₹19 Cr | down ₹3.1 Cr | Trimmed |
| Bharat Forge Limited | 0.60% | down 0.04 pts | ₹17.3 Cr | down ₹1.7 Cr | Trimmed |
What changed, Jul 2019 to Aug 2019
New New positions (2)
- Tata Consultancy Services Limited1.0% · ₹29.6 Cr
- Mahanagar Gas Limited0.2% · ₹6.3 Cr
Exited Exited (3)
- IndusInd Bank Limitedwas 2.0% · ₹58.7 Cr
- Greenply Industries Limitedwas 0.3% · ₹8.1 Cr
- Bajaj Consumer Care Limitedwas 0.3% · ₹8 Cr
Added Biggest additions
- The Phoenix Mills Limitedup ₹6.9 Cr (+0.31% pts)
- Reliance Industries Limitedup ₹5.5 Cr (+0.26% pts)
- Honeywell Automation India Limitedup ₹4.2 Cr (+0.20% pts)
- Maruti Suzuki India Limitedup ₹3.4 Cr (+0.14% pts)
- Infosys Limitedup ₹3.1 Cr (+0.21% pts)
- Hero MotoCorp Limitedup ₹2.7 Cr (+0.12% pts)
- MRF Limitedup ₹2.6 Cr (+0.12% pts)
- Siemens Limitedup ₹2.5 Cr (+0.13% pts)
- Bajaj Auto Limitedup ₹2.4 Cr (+0.10% pts)
- Voltas Limitedup ₹1.7 Cr (+0.08% pts)
Trimmed Biggest reductions
- State Bank of Indiadown ₹25.7 Cr (−0.75% pts)
- KEC International Limiteddown ₹18.7 Cr (−0.59% pts)
- Cummins India Limiteddown ₹15.3 Cr (−0.50% pts)
- Torrent Pharmaceuticals Limiteddown ₹14.3 Cr (−0.42% pts)
- PVR Limiteddown ₹14.1 Cr (−0.47% pts)
- ITC Limiteddown ₹8.9 Cr (−0.22% pts)
- Larsen & Toubro Limiteddown ₹5.5 Cr (−0.07% pts)
- ICICI Bank Limiteddown ₹5.4 Cr (−0.04% pts)
- Tata Steel Limiteddown ₹5.1 Cr (−0.15% pts)
- Indian Oil Corporation Limiteddown ₹5.1 Cr (−0.14% 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 Jul 2019, the weight rose most in IT - Software (+1.4 pts) and Realty (+0.4 pts), and fell most in Banks (−2.1 pts) and Construction (−0.5 pts).
- IT - Software5.6% → 7.0%+1.4 pts
- Realty2.9% → 3.3%+0.4 pts
- Automobiles3.6% → 4.0%+0.4 pts
- Petroleum Products5.6% → 6.0%+0.3 pts
- Finance5.7% → 6.0%+0.3 pts
- Industrial Manufacturing2.0% → 2.2%+0.3 pts
- Banks25.4% → 23.3%−2.1 pts
- Construction7.6% → 7.1%−0.5 pts
- Industrial Products2.8% → 2.3%−0.5 pts
- Entertainment0.5% → 0.1%−0.5 pts
- Consumer Non Durables0.3% → 0.0%exited−0.3 pts
- Auto Components1.5% → 1.4%−0.1 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 | Aug 2016 | Aug 2018 | Feb 2019 | May 2019 | Jul 2019 | Aug 2019 |
|---|---|---|---|---|---|---|
| Banks | 14.4% | 21.6% | 20.5% | 22.9% | 25.4% | 23.3% |
| Pharmaceuticals & Biotechnology | 6.4% | 5.2% | 7.3% | 6.6% | 7.4% | 7.3% |
| Construction | 5.2% | 6.5% | 6.9% | 7.6% | 7.6% | 7.1% |
| IT - Software | 9.3% | 9.4% | 6.0% | 5.9% | 5.6% | 7.0% |
| Finance | 5.5% | 10.1% | 9.1% | 8.2% | 5.7% | 6.0% |
| Petroleum Products | 3.0% | 1.9% | 5.3% | 6.1% | 5.6% | 6.0% |
| Leisure Services | 4.9% | 4.2% | 4.2% | 4.1% | 4.0% | 4.1% |
| Automobiles | 3.1% | 4.4% | 4.2% | 4.0% | 3.6% | 4.0% |
| Realty | 2.7% | 2.6% | 2.9% | 2.7% | 2.9% | 3.3% |
| Diversified FMCG | — | 2.3% | 2.9% | 2.7% | 3.4% | 3.2% |
Allocation in Aug 2019change vs Jul 2019
- Banks (6)23.3%▼ 2.1 pts
- Pharmaceuticals & Biotechnology (4)7.3%▼ 0.1 pts
- Construction (3)7.1%▼ 0.5 pts
- IT - Software (3)7.0%▲ 1.4 pts
- Finance (3)6.0%▲ 0.3 pts
- Petroleum Products (3)6.0%▲ 0.3 pts
- Leisure Services (2)4.1%▲ 0.1 pts
- Automobiles (5)4.0%▲ 0.4 pts
- Realty (1)3.3%▲ 0.4 pts
- Diversified FMCG (1)3.2%▼ 0.1 pts
- Industrial Capital Goods (1)2.7%▲ 0.2 pts
- Power (4)2.4%▲ 0.1 pts
- Industrial Products (3)2.3%▼ 0.5 pts
- Industrial Manufacturing (1)2.2%▲ 0.3 pts
- Consumer Durables (4)2.1%▼ 0.1 pts
- Electrical Equipment (1)1.9%▲ 0.2 pts
- Aerospace & Defense (1)1.6%▲ 0.1 pts
- Cement & Cement Products (2)1.5%
- Media & Entertainment (1)1.4%
- Auto Components (2)1.4%▼ 0.1 pts
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, Aug 2019
5.0%
▲ 3.0 pts vs Jul 2019
- Cash alone
- 5.0%
- cash and net receivables
- A year earlier
- 3.7%
- Aug 2018 · now ▲ 1.3 pts
- Last 12 months
- 2.0% – 5.0%
- 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.
The last 24 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Aug 2019 | ₹2,902 Cr | 68 | 2 | 3 | 5.0% | 5.0% | — |
| Jul 2019 | ₹2,982 Cr | 69 | 5 | 1 | 1.1% | 2.0% | — |
| Jun 2019 | ₹3,213 Cr | 65 | 0 | 1 | 4.3% | 4.4% | — |
| May 2019 | ₹3,286 Cr | 66 | 2 | 5 | 3.9% | 3.9% | — |
| Apr 2019 | ₹3,212 Cr | 69 | 1 | 3 | 1.9% | 3.5% | — |
| Mar 2019 | ₹3,255 Cr | 71 | 5 | 1 | 1.9% | 2.6% | — |
| Feb 2019 | ₹3,008 Cr | 67 | 0 | 1 | 1.6% | 3.3% | — |
| Jan 2019 | ₹3,038 Cr | 68 | 2 | 1 | 2.5% | 2.4% | — |
| Dec 2018 | ₹3,167 Cr | 67 | 1 | 1 | 3.3% | 4.1% | — |
| Nov 2018 | ₹3,124 Cr | 67 | 4 | 2 | 3.1% | 3.1% | — |
| Oct 2018 | ₹3,000 Cr | 65 | 2 | 2 | 4.3% | 4.3% | — |
| Sep 2018 | ₹3,014 Cr | 65 | 2 | 2 | 2.7% | 2.7% | — |
| Aug 2018 | ₹3,373 Cr | 65 | 1 | 3 | 3.6% | 3.7% | — |
| Jul 2018 | ₹3,282 Cr | 67 | 5 | 0 | 1.7% | 3.2% | — |
| Jun 2018 | ₹3,154 Cr | 62 | 2 | 0 | 4.3% | 4.3% | — |
| May 2018 | ₹3,268 Cr | 60 | 4 | 1 | 1.4% | 1.4% | — |
| Apr 2018 | ₹3,375 Cr | 57 | 2 | 1 | 0.4% | 1.3% | — |
| Mar 2018 | ₹3,140 Cr | 56 | 7 | 2 | 3.3% | 3.3% | — |
| Feb 2018 | ₹3,295 Cr | 51 | 4 | 7 | 6.6% | 6.6% | — |
| Jan 2018 | ₹3,475 Cr | 54 | 1 | 1 | 0.2% | 0.2% | — |
| Dec 2017 | ₹3,520 Cr | 54 | 2 | 0 | 0.4% | 3.1% | — |
| Nov 2017 | ₹3,373 Cr | 52 | 3 | 0 | 1.2% | 4.1% | — |
| Oct 2017 | ₹3,364 Cr | 49 | 1 | 2 | 0.3% | 5.4% | — |
| Sep 2017 | ₹3,155 Cr | 50 | 0 | 1 | 3.7% | 5.5% | — |
For any of the 60 earlier months, choose it in “Portfolio as of” at the top of the page.