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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
₹3,295 Cr
down ₹180 Cr vs Jan 2018
Reliance Value Fund is an active equity fund in the Value / Contra category from Nippon India Mutual Fund. In February 2018 it disclosed 51 stocks worth ₹3,295 Cr, down ₹180 Cr from Jan 2018. Its largest positions were Honeywell Automation India Limited (8.1%), HDFC Bank Limited (5.5%), Bombay Burmah Trading Corporation Limited (5.1%); the ten largest together made up 41.7% of the portfolio, and Banks was the biggest sector at 17.1% of its equity. Cash and debt stood at 6.6%. Compared with Jan 2018 the fund entered 4 new stocks and exited 7.
Against 27 other Value / Contra funds
Concentration
70%
Top-10 weight is higher than 70% of peers
Breadth
30%
Holds more stocks than 30% of peers
Cash
78%
Holds more cash than 78% of peers
What these mean: concentration · cash
Holdings in February 2018
Download CSVEvery line the fund disclosed, with the change against Jan 2018. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Honeywell Automation India Limited | 8.14% | up 0.58 pts | ₹268 Cr | up ₹5.4 Cr | Added |
| Cash, TREPS & receivables | 6.58% | up 6.38 pts | ₹217 Cr | up ₹210 Cr | Added |
| HDFC Bank Limited | 5.55% | down 0.05 pts | ₹183 Cr | down ₹11.8 Cr | Trimmed |
| Bombay Burmah Trading Corporation Limited | 5.10% | up 0.30 pts | ₹168 Cr | up ₹1.3 Cr | Added |
| Larsen & Toubro Limited | 4.20% | down 0.08 pts | ₹138 Cr | down ₹10.3 Cr | Trimmed |
| The Phoenix Mills Limited | 3.30% | down 0.46 pts | ₹109 Cr | down ₹22 Cr | Trimmed |
| HCL Technologies Limited | 3.29% | up 0.02 pts | ₹108 Cr | down ₹5.3 Cr | Trimmed |
| State Bank of India | 3.25% | down 0.35 pts | ₹107 Cr | down ₹18.1 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 3.05% | up 0.08 pts | ₹101 Cr | down ₹2.8 Cr | Trimmed |
| Yes Bank Limited | 2.93% | down 0.13 pts | ₹96.7 Cr | down ₹9.6 Cr | Trimmed |
| KEC International Limited | 2.91% | up 0.57 pts | ₹95.7 Cr | up ₹14.7 Cr | Added |
| Grasim Industries Limited | 2.68% | up 0.12 pts | ₹88.4 Cr | down ₹56 L | Trimmed |
| Divi's Laboratories Limited | 2.68% | up 0.11 pts | ₹88.2 Cr | down ₹1.2 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 2.58% | up 0.09 pts | ₹85.1 Cr | down ₹1.4 Cr | Trimmed |
| GE Power India Limited | 2.55% | down 0.15 pts | ₹84 Cr | down ₹9.9 Cr | Trimmed |
| Bajaj Auto Limited | 2.52% | down 0.12 pts | ₹83.1 Cr | down ₹8.7 Cr | Trimmed |
| Muthoot Finance Limited | 2.46% | down 0.01 pts | ₹81 Cr | down ₹4.8 Cr | Trimmed |
| Samvardhana Motherson International Limited | 2.25% | down 0.12 pts | ₹74.3 Cr | down ₹8.1 Cr | Trimmed |
| EIH Limited | 2.24% | down 0.10 pts | ₹73.9 Cr | down ₹7.4 Cr | Trimmed |
| Infosys Limited | 2.20% | down 0.18 pts | ₹72.5 Cr | down ₹10.1 Cr | Trimmed |
| Torrent Pharmaceuticals Limited | 2.05% | up 0.12 pts | ₹67.7 Cr | up ₹31 L | Held |
| Syngene International Limited | 1.97% | up 0.07 pts | ₹64.9 Cr | down ₹1 Cr | Trimmed |
| UPL Limited | 1.87% | up 0.04 pts | ₹61.6 Cr | down ₹2 Cr | Trimmed |
| Intellect Design Arena Limited | 1.81% | up 0.24 pts | ₹59.5 Cr | up ₹4.9 Cr | Added |
| The Indian Hotels Company Limited | 1.79% | up 0.08 pts | ₹59 Cr | down ₹45 L | Trimmed |
| CG Power and Industrial Solutions Limited | 1.79% | down 0.06 pts | ₹59 Cr | down ₹5.2 Cr | Trimmed |
| Max Financial Services Limited | 1.65% | down 0.04 pts | ₹54.5 Cr | down ₹4.3 Cr | Trimmed |
| Linde India Limited | 1.51% | down 0.03 pts | ₹49.9 Cr | down ₹3.9 Cr | Trimmed |
| Indian Oil Corporation Limited | 1.51% | down 0.07 pts | ₹49.6 Cr | down ₹5 Cr | Trimmed |
| Bharat Financial Inclusion Limited | 1.44% | up 1.44 pts | ₹47.3 Cr | up ₹47.3 Cr | New |
| Tube Investments of India Limited | 1.19% | up 0.04 pts | ₹39.2 Cr | down ₹89 L | Trimmed |
| Zuari Global Limited | 1.18% | up 0.06 pts | ₹39 Cr | down ₹17 L | Held |
| Siemens Limited | 1.06% | down 0.06 pts | ₹35 Cr | down ₹4 Cr | Trimmed |
| Reliance Infrastructure Limited | 1.02% | down 0.03 pts | ₹33.7 Cr | down ₹3 Cr | Trimmed |
| Cummins India Limited | 0.97% | down 0.07 pts | ₹31.8 Cr | down ₹4.3 Cr | Trimmed |
| Canara Bank | 0.76% | down 0.86 pts | ₹25 Cr | down ₹31.3 Cr | Trimmed |
| ABB India Limited | 0.74% | down 0.02 pts | ₹24.5 Cr | down ₹1.9 Cr | Trimmed |
| TATA MOTORS LTD. | 0.69% | down 0.02 pts | ₹22.8 Cr | down ₹1.9 Cr | Trimmed |
| Texmaco Rail & Engineering Limited | 0.63% | down 0.02 pts | ₹20.9 Cr | down ₹1.9 Cr | Trimmed |
| Max India Limited | 0.58% | down 0.07 pts | ₹19.2 Cr | down ₹3.6 Cr | Trimmed |
| Bajaj Finance Limited | 0.55% | up 0.55 pts | ₹18.2 Cr | up ₹18.2 Cr | New |
| IndusInd Bank Limited | 0.55% | up 0.01 pts | ₹18 Cr | down ₹77 L | Trimmed |
| UFO Moviez India Limited | 0.36% | down 0.02 pts | ₹11.8 Cr | down ₹1.3 Cr | Trimmed |
| The Federal Bank Limited | 0.34% | down 1.10 pts | ₹11.4 Cr | down ₹38.9 Cr | Trimmed |
| Reliance Home Finance Limited | 0.32% | down 0.03 pts | ₹10.7 Cr | down ₹1.5 Cr | Trimmed |
| Tata Steel Limited | 0.30% | up 0.30 pts | ₹10 Cr | up ₹10 Cr | New |
| BF Investment Limited | 0.26% | up 0.03 pts | ₹8.6 Cr | up ₹54 L | Added |
| Reliance Communications Ltd | 0.23% | up <0.01 pts | ₹7.6 Cr | down ₹30 L | Trimmed |
| Maruti Suzuki India Limited | 0.23% | up 0.23 pts | ₹7.5 Cr | up ₹7.5 Cr | New |
| Reliance Capital Ltd | 0.14% | up <0.01 pts | ₹4.7 Cr | down ₹19 L | Trimmed |
What changed, Jan 2018 to Feb 2018
New New positions (4)
- Bharat Financial Inclusion Limited1.4% · ₹47.3 Cr
- Bajaj Finance Limited0.6% · ₹18.2 Cr
- Tata Steel Limited0.3% · ₹10 Cr
- Maruti Suzuki India Limited0.2% · ₹7.5 Cr
Exited Exited (7)
- The India Cements Limitedwas 2.0% · ₹70.6 Cr
- Jubilant Foodworks Limitedwas 1.5% · ₹51.1 Cr
- Dish TV India Limitedwas 1.4% · ₹48.9 Cr
- Oriental Bank of Commercewas 1.0% · ₹34.7 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 Jan 2018, the weight rose most in Finance (+2.2 pts) and Industrial Manufacturing (+1.1 pts), and fell most in Banks (−3.2 pts) and Cement & Cement Products (−1.7 pts).
- Finance6.6% → 8.8%+2.2 pts
- Industrial Manufacturing7.6% → 8.7%+1.1 pts
- Construction6.6% → 7.6%+1.0 pts
- Food Products4.8% → 5.5%+0.7 pts
- IT - Software7.2% → 7.8%+0.6 pts
- Pharmaceuticals & Biotechnology4.5% → 5.1%+0.5 pts
- Banks20.3% → 17.1%−3.2 pts
- Cement & Cement Products4.6% → 2.9%−1.7 pts
- Media & Entertainment1.8% → 0.4%−1.4 pts
- Leisure Services5.5% → 4.3%−1.2 pts
- Realty3.8% → 3.5%−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 | Feb 2015 | Feb 2017 | Aug 2017 | Nov 2017 | Jan 2018 | Feb 2018 |
|---|---|---|---|---|---|---|
| Banks | 18.0% | 14.7% | 17.7% | 17.3% | 20.3% | 17.1% |
| Finance | 2.0% | 6.1% | 7.7% | 6.8% | 6.6% | 8.8% |
| Industrial Manufacturing | 5.5% | 6.5% | 7.0% | 8.3% | 7.6% | 8.7% |
| IT - Software | 9.4% | 9.0% | 7.0% | 6.8% | 7.2% | 7.8% |
| Construction | 5.4% | 5.2% | 6.5% | 6.2% | 6.6% | 7.6% |
| Food Products | 3.0% | 5.4% | 6.6% | 7.7% | 4.8% | 5.5% |
| Pharmaceuticals & Biotechnology | 7.6% | 4.9% | 4.0% | 4.7% | 4.5% | 5.1% |
| Leisure Services | 1.2% | 3.9% | 4.5% | 5.0% | 5.5% | 4.3% |
| Electrical Equipment | 5.9% | 3.9% | 3.9% | 3.7% | 3.7% | 3.9% |
| Auto Components | 1.6% | 1.9% | 2.9% | 3.7% | 3.5% | 3.7% |
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, Feb 2018
6.6%
▲ 6.4 pts vs Jan 2018
- Cash alone
- 6.6%
- cash and net receivables
- A year earlier
- 6.3%
- Feb 2017 · now ▲ 0.3 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.