LoadingMutual fund
Nippon India Mutual Fund · Equity
Reduced
Exited
HDFC Bank Ltd.
was 9.1% of the portfolio
−₹4,944 cr
No holdings were increased between July 2026 and August 2026.
Fund Quality
Strengths: Beat the category median in most rolling years; Long-term returns ahead of most category peers; Less concentrated than most category peers; Fell less than most peers in market declines.
Change since 30 Jun 2026: Downside protection −5.1, Consistency −2.6, Performance −1.5 points.
Provisional: some supporting dimensions have no usable data yet, so this rating rests mainly on returns, consistency and downside protection.
Reducing Financial Services exposure.
Sector allocation, Feb 2026 → Aug 2026
Allocation change, Feb 2026 → Aug 2026, the same range as Capital Rotation.
Stocks this fund has persistently increased or reduced across its recent disclosures.
See where this fund has shifted portfolio exposure and which holdings drove those changes.
Disclosed holdings for August 2026. Change columns use share quantities, with earlier quantities adjusted when a corporate action has a usable ratio.
Upgrade the plan to view this stock.Vedanta Aluminium Metal LimitedVAML | Metals & Mining | −₹15.1 cr0.0% shares | 7.91M | 0.6% | +₹344 cr | Unchanged |
Upgrade the plan to view this stock.SBI Funds Management LimitedSBIFUNDS | Financial Services | −₹1.1 cr0.0% shares | 940.76K | 0.1% | +₹54.3 cr | Unchanged |
| Capital Goods | −₹531 cr−100.0% shares | 0 | — | ₹0 | Exited | |
| Consumer Services | −₹1,162 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Axis Bank Ltd.AXISBANK | Financial Services | −₹2,584 cr−100.0% shares | 0 | — | ₹0 | Exited |
Bajaj Auto Ltd.BAJAJ-AUTO | Automobile and Auto Components | −₹404 cr−100.0% shares | 0 | — | ₹0 | Exited |
Bajaj Finance Ltd.BAJFINANCE | Financial Services | −₹1,887 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Chalet Hotels Ltd.CHALET | Consumer Services | −₹478 cr−100.0% shares | 0 | — | ₹0 | Exited |
Cipla Ltd.CIPLA | Healthcare | −₹602 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Fast Moving Consumer Goods | −₹317 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Upgrade the plan to view this stock.Devyani International Ltd.DEVYANI | Consumer Services | −₹178 cr−100.0% shares | 0 | — | ₹0 | Exited |
Divi's Laboratories Ltd.DIVISLAB | Healthcare | −₹694 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Dixon Technologies (India) Ltd.DIXON | Consumer Durables | −₹582 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Dr. Reddy's Laboratories Ltd.DRREDDY | Healthcare | −₹459 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.EIH Ltd.EIHOTEL | Consumer Services | −₹351 cr−100.0% shares | 0 | — | ₹0 | Exited |
Eternal Ltd.ETERNAL | Consumer Services | −₹909 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Capital Goods | −₹973 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Upgrade the plan to view this stock.Gillette India Ltd.GILLETTE | Fast Moving Consumer Goods | −₹265 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Godrej Consumer Products Ltd.GODREJCP | Fast Moving Consumer Goods | −₹412 cr−100.0% shares | 0 | — | ₹0 | Exited |
HCL Technologies Ltd.HCLTECH | Information Technology | −₹524 cr−100.0% shares | 0 | — | ₹0 | Exited |
HDFC Bank Ltd.HDFCBANK | Financial Services | −₹4,944 cr−100.0% shares | 0 | — | ₹0 | Exited |
HDFC Life Insurance Company Ltd.HDFCLIFE | Financial Services | −₹713 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Capital Goods | −₹321 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Hindustan Unilever Ltd.HINDUNILVR | Fast Moving Consumer Goods | −₹1,448 cr−100.0% shares | 0 | — | ₹0 | Exited |
ICICI Bank Ltd.ICICIBANK | Financial Services | −₹3,876 cr−100.0% shares | 0 | — | ₹0 | Exited |
Indian Hotels Co. Ltd.INDHOTEL | Consumer Services | −₹551 cr−100.0% shares | 0 | — | ₹0 | Exited |
Infosys Ltd.INFY | Information Technology | −₹1,961 cr−100.0% shares | 0 | — | ₹0 | Exited |
ITC Ltd.ITC | Fast Moving Consumer Goods | −₹1,265 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Jubilant Foodworks Ltd.JUBLFOOD | Consumer Services | −₹364 cr−100.0% shares | 0 | — | ₹0 | Exited |
Kotak Mahindra Bank Ltd.KOTAKBANK | Financial Services | −₹1,066 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Construction | −₹1,949 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Upgrade the plan to view this stock.Linde India Ltd.LINDEINDIA | Chemicals | −₹146 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Lupin Ltd.LUPIN | Healthcare | −₹526 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Automobile and Auto Components | −₹1,639 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Upgrade the plan to view this stock.Mankind Pharma Ltd.MANKIND | Healthcare | −₹431 cr−100.0% shares | 0 | — | ₹0 | Exited |
Maruti Suzuki India Ltd.MARUTI | Automobile and Auto Components | −₹929 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Max Financial Services Ltd.MFSL | Financial Services | −₹143 cr−100.0% shares | 0 | — | ₹0 | Exited |
NTPC Green Energy Ltd.NTPCGREEN | Power | −₹342 cr−100.0% shares | 0 | — | ₹0 | Exited |
NTPC Ltd.NTPC | Power | −₹1,042 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.PB Fintech Ltd.POLICYBZR | Financial Services | −₹473 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.PVR INOX Ltd.PVRINOX | Media Entertainment & Publication | −₹115 cr−100.0% shares | 0 | — | ₹0 | Exited |
Reliance Industries Ltd.RELIANCE | Oil Gas & Consumable Fuels | −₹2,281 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Automobile and Auto Components | −₹958 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Upgrade the plan to view this stock.SBI Cards and Payment Services Ltd.SBICARD | Financial Services | −₹306 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Financial Services | −₹633 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Shree Cement Ltd.SHREECEM | Construction Materials | −₹472 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Capital Goods | −₹338 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Siemens Ltd.SIEMENS | Capital Goods | −₹370 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Financial Services | −₹1,293 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Sun Pharmaceutical Industries Ltd.SUNPHARMA | Healthcare | −₹1,302 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Swiggy Ltd.SWIGGY | Consumer Services | −₹648 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Information Technology | −₹1,892 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Upgrade the plan to view this stock.Tata Consumer Products Ltd.TATACONSUM | Fast Moving Consumer Goods | −₹491 cr−100.0% shares | 0 | — | ₹0 | Exited |
Tata Power Co. Ltd.TATAPOWER | Power | −₹768 cr−100.0% shares | 0 | — | ₹0 | Exited |
Tata Steel Ltd.TATASTEEL | Metals & Mining | −₹389 cr−100.0% shares | 0 | — | ₹0 | Exited |
Tech Mahindra Ltd.TECHM | Information Technology | −₹478 cr−100.0% shares | 0 | — | ₹0 | Exited |
Trent Ltd.TRENT | Consumer Services | −₹734 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.United Breweries Ltd.UBL | Fast Moving Consumer Goods | −₹275 cr−100.0% shares | 0 | — | ₹0 | Exited |
United Spirits Ltd.UNITDSPR | Fast Moving Consumer Goods | −₹266 cr−100.0% shares | 0 | — | ₹0 | Exited |
| Fast Moving Consumer Goods | −₹263 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Upgrade the plan to view this stock.Vishal Mega Mart Ltd.VMM | Consumer Services | −₹375 cr−100.0% shares | 0 | — | ₹0 | Exited |
See where this fund has shifted portfolio exposure and which holdings drove those changes.
Over the last 6 months, Financial Services saw the fund's largest allocation reduction (−34.8 pp).
Sectors with the largest changes in portfolio allocation over the selected period.
Capital Goods −6.7 pp · Healthcare −5.6 pp · Oil Gas & Consumable Fuels −5.3 pp · Power −4.8 pp · Construction −4.2 pp · Construction Materials −2.5 pp · Metals & Mining −1.6 pp · Services −1.1 pp · Consumer Durables −0.8 pp · Realty −0.3 pp · Chemicals −0.3 pp · Media Entertainment & Publication −0.2 pp
See which holdings gained or lost exposure within the selected sector.
Within Financial Services, SBI Funds Management Limited (new position) saw the largest disclosed position increase, while ICICI Bank Ltd. (exit) and HDFC Bank Ltd. (exit) were the largest position reductions.
Ribbon width is the notional size of each disclosed share change: shares added or removed, valued at the Aug 2026 reference price. Ribbons join each holding to the sector, not to other holdings; disclosures do not show which sale funded which purchase. 6 smaller reductions not drawn.
Allocation change is the percentage-point change in each sector's share of the disclosed portfolio, and can move with prices as well as trades. Position changes compare corporate-action adjusted share quantities at the two disclosures; a change under 0.5% of the existing holding counts as unchanged. Holdings without a sector classification are grouped as Unclassified.
Stocks this fund has persistently increased or reduced across its recent disclosures.
6 holdings show persistent accumulation5 show persistent reduction56 are mixed or stableAug 2025 – Aug 2026 · 8 comparable transitions
Upgrade the plan to view this stock.Gillette India Ltd.GILLETTE
Fast Moving Consumer GoodsIncreased in 3 of 5 comparable transitions
Entered Jun 2026Exited Aug 2026
HDFC Bank Ltd.HDFCBANK
Financial ServicesIncreased in 3 of 5 comparable transitions
Entered Jun 2026Exited Aug 2026
Upgrade the plan to view this stock.Swiggy Ltd.SWIGGY
Consumer ServicesIncreased in 3 of 5 comparable transitions
Entered Jun 2026Exited Aug 2026
Infosys Ltd.INFY
Information TechnologyIncreased in 3 of 5 comparable transitions
Entered Jun 2026Exited Aug 2026
Tech Mahindra Ltd.TECHM
Information TechnologyIncreased in 3 of 5 comparable transitions
Entered Jun 2026Exited Aug 2026
Upgrade the plan to view this stock.Max Financial Services Ltd.MFSL
Financial ServicesReduced in 4 of 5 comparable transitions
Entered Jun 2026Exited Aug 2026
Bajaj Finance Ltd.BAJFINANCE
Financial ServicesReduced in 3 of 5 comparable transitions
Entered Jun 2026Exited Aug 2026
Siemens Energy India Ltd.ENRIN
Capital GoodsReduced in 3 of 5 comparable transitions
Entered Jun 2026Exited Aug 2026
Upgrade the plan to view this stock.Honeywell Automation India Ltd.HONAUT
Capital GoodsReduced in 2 of 4 comparable transitions
Vedanta Ltd.VEDL
Metals & MiningReduced in 2 of 4 comparable transitions
Conviction signal based on persistent disclosed position changes. Bars show each stock's disclosed share quantity scaled to its own first holding in the range (not portfolio weight), adjusted for splits and bonuses. A move under 0.5% of the existing holding counts as stable. No disclosure for Nov 2025, Mar 2026; transitions into and out of those months are not compared.