Mutual fund · Multi Cap· NAV-verified
Nippon India Multi Cap Fund
₹53,767 cr across 119 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: −3% over 1 year against the median Multi Cap fund's +5%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| Nippon India Multi Cap Fund | −4% | −3% | +11% | +15% |
| Median Multi Cap fund | −1% | +5% | +12% | +11% |
+38%Q3 FY24+50%Q4 FY24+50%Q1 FY25+46%Q2 FY25+26%Q3 FY25+10%Q4 FY25+6%Q1 FY26−3%Q2 FY26+4%Q3 FY26−1%Q4 FY260%Q1 FY27−3%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| GE Vernova T&D India Limited | +1.4 pp | −0.1 pp |
| Samvardhana Motherson International Limited | +0.9 pp | −0.1 pp |
| Hitachi Energy India Limited | +0.6 pp | −0.0 pp |
| Axis Bank Limited | +0.6 pp | −0.3 pp |
| FSN E-Commerce Ventures Limited | +0.5 pp | −0.1 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| HDFC Bank Limited | −1.7 pp | −0.0 pp |
| Infosys Limited | −1.0 pp | −0.4 pp |
| ITC Limited | −0.7 pp | +0.0 pp |
| Swiggy Limited | −0.7 pp | −0.2 pp |
| KEC International Limited | −0.5 pp | −0.1 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| HDFC Bank | Financial Services | 7.06% | ₹3,795 cr | 169 mo | -12% |
| Axis Bank | Financial Services | 5.07% | ₹2,727 cr | 141 mo | +14% |
| Infosys | Information Technology | 3.06% | ₹1,644 cr | 169 mo | -26% |
| ICICI Bank | Financial Services | 2.97% | ₹1,598 cr | 169 mo | +16% |
| Linde India | Chemicals | 1.79% | ₹964 cr | 161 mo | +1562% |
| NTPC Limited | Power | 1.79% | ₹961 cr | 40 mo | +23% |
| Larsen & Toubro Limited | Construction | 1.74% | ₹938 cr | 169 mo | +52% |
| Samvardhana Motherson International Limited | Automobile and Auto Components | 1.70% | ₹916 cr | 50 mo | +95% |
| Avenue Supermarts Limited | Consumer Services | 1.63% | ₹875 cr | 12 mo | -4% |
| Bajaj Finance Limited | Financial Services | 1.63% | ₹876 cr | 53 mo | +27% |
| Swiggy Limited | Consumer Services | 1.63% | ₹878 cr | 18 mo | -24% |
| Max Financial Services Limited | Financial Services | 1.51% | ₹810 cr | 169 mo | +60% |
| ITC Limited | Fast Moving Consumer Goods | 1.49% | ₹802 cr | 17 mo | -32% |
| Jubilant Foodworks Limited | Consumer Services | 1.49% | ₹800 cr | 31 mo | -4% |
| Kennametal India Limited | Capital Goods | 1.40% | ₹751 cr | 163 mo | +430% |
How this fund actually behaves
Computed from every filed monthly portfolio (169 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 18 mo (7–38) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (80 exits) | 73% · payoff 3.4× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Averages down |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 51× · 51% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices | 143.9× P/E · 8.1× P/B · 4% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 119 positions | 37 in · 43 out |
| Concentration | Top 10 holdings' share; effective number of positions | 28% · ~56 effective |