mutual funds nippon india multi asset allocation fund directgrowth

holdings

Nippon India Multi Asset Allocation Fund Direct-Growth

Hybrid: Multi Asset Allocation - Growth (Open ended)

Nippon India Multi Asset Allocation Fund Direct-GrowthNAV: 27.20 as on 06 Sep, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer: Very HighCategory: Hybrid: Multi Asset AllocationCheck Portfolio Overlap →

NAV: ₹27.2+0.07%

07 Sept 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for Nippon India Multi Asset Allocation Fund Direct-Growth.

Asset Allocation

As on 31 Jul 2026

Equity

61.51%

Debt

20.05%

Commodities

13.72%

Others

2.98%

Real estate

1.75%

Market Cap Distribution

Large Cap (70.3%)

Mid Cap (18.6%)

Small Cap (11.1%)

Historical Asset Allocation

Asset	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026
Equity	61.51%	61.17%	59.84%	60.36%	61.66%	63.53%
Debt	20.05%	19.63%	22.04%	20.97%	22.00%	16.19%
Others (incl. cash)	2.98%	5.39%	3.17%	3.93%	3.16%	5.24%
Commodities	13.72%	12.54%	14.95%	14.74%	13.18%	15.04%
Real Estate	1.75%	1.27%	0.00%	0.00%	0.00%	0.00%

Portfolio Snapshot

No. of Securities

169

P/E Ratio

24.57

P/B Ratio

3.39

Top Holding %

8.15%

Top 5 Holdings %

22.60%

Top 10 Holdings %

33.42%

Modified Duration

2.40 yrs

Avg. Maturity

3.04 yrs

Yield to Maturity

7.18%

AUM

₹16,926 Cr

Expense Ratio

0.35%

Since Inception

18.16%

Max Drawdown

-0.11%

Sharpe Ratio

1.41

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
ICICI Bank Ltd.	Financial	46,94,329	673.82	3.98%	-0.05%↓
HDFC Bank Ltd.	Financial	55,63,057	416.2	2.46%	-0.32%↓
State Bank of India	Financial	31,82,318	326.95	1.93%	0.08%↑
Axis Bank Ltd.	Financial	25,79,112	317.1	1.87%	0.46%↑
Mahindra & Mahindra Ltd.	Automobile	8,78,500	298.56	1.76%	0.76%↑
Eternal Ltd.	Services	92,79,553	280.66	1.66%	0.01%↑
Infosys Ltd.	Technology	24,44,081	276.21	1.63%	0.10%↑
Reliance Industries Ltd.	Energy	20,63,054	269.81	1.59%	-0.07%↓
Info Edge (India) Ltd.	Services	20,98,795	257.36	1.52%	0.24%↑
Trent Ltd.	Services	8,53,399	256.52	1.52%	-0.03%↓
Hindustan Aeronautics Ltd.	Capital Goods	5,22,287	242.68	1.43%	0.00%↑
Hindustan Unilever Ltd.	Consumer Staples	10,76,252	226.15	1.34%	0.31%↑
Kotak Mahindra Bank Ltd.	Financial	50,00,000	195.15	1.15%	-0.07%↓
Varun Beverages Ltd.	Consumer Staples	44,02,755	194.73	1.15%	-0.09%↓
NTPC Ltd.	Energy	55,91,755	194.17	1.15%	-0.10%↓
Bajaj Auto Ltd.	Automobile	1,60,433	184.83	1.09%	-0.05%↓
Swiggy Ltd.	Services	58,20,984	165.82	0.98%	0.11%↑
Oil And Natural Gas Corporation Ltd.	Energy	65,00,000	157.64	0.93%	-0.02%↓
Titan Company Ltd.	Consumer Discretionary	3,17,479	154.78	0.91%	0.04%↑
LG Electronics India Ltd.	Consumer Discretionary	10,01,110	149.22	0.88%	-0.09%↓

1 / 5

Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026
Financial	16.07%	15.67%	15.30%	14.87%	14.92%	16.95%
Services	9.35%	9.32%	8.59%	8.07%	7.86%	6.80%
Energy	5.91%	6.73%	7.04%	7.26%	8.62%	8.29%
Automobile	5.15%	4.53%	4.74%	4.68%	4.49%	4.75%
Consumer Staples	4.32%	3.88%	3.28%	3.52%	2.94%	2.93%
Capital Goods	4.08%	4.18%	3.66%	4.29%	4.18%	4.46%
Technology	2.58%	2.37%	2.74%	2.85%	3.27%	3.29%
Healthcare	2.39%	2.44%	2.59%	2.92%	2.17%	2.25%
Consumer Discretionary	2.28%	2.19%	1.95%	1.82%	2.03%	2.19%
Metals & Mining	1.26%	1.32%	1.47%	1.50%	1.54%	1.66%
Materials	0.96%	1.02%	0.79%	0.78%	0.80%	0.89%
Communication	0.73%	0.73%	0.74%	0.80%	0.85%	0.88%
Insurance	0.60%	0.64%	0.49%	0.51%	0.57%	0.66%
Construction	0.46%	0.48%	0.47%	0.48%	1.10%	1.33%
Chemicals	0.19%	0.21%	0.21%	0.21%	0.44%	0.47%
Textiles	0.15%	0.17%	0.17%	0.17%	0.17%	0.19%

Debt Holdings — Credit Quality Profile

Allocation of debt instruments by credit rating (AAA, AA, A, and below investment grade) as a percentage of net assets, compared against the category average. Higher AAA allocation indicates lower credit risk.

Rating	Fund	Category
AAA	7.73%	6.41%
SOV	6.39%	7.23%
AA+	3.14%	1.62%
AA	1.63%	0.80%
Cash & Call Money	1.56%	6.40%
Cash	1.23%	1.67%
A1+	0.86%	1.57%
AA-	0.29%	0.23%
Others	0.00%	0.06%
A	-	0.00%
A+	-	0.10%
Term Deposits	-	0.16%

Equity Insights

A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.

Style Analysis

Value score

51.0 / 100

Weighted average Value score is 51.0. This indicates that portfolio is relatively reasonably valued using composite of value measures.

Price Momentum score

55.8 / 100

Weighted average Price Momentum score is 55.8. This indicates that portfolio has average momentum using composite of momentum measures.

Quality score

68.6 / 100

Weighted average Quality score is 68.6. This indicates that portfolio has average quality using composite of quality measures.

QVM score

64.7 / 100

Weighted average QVM score is 64.7. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.

Red Flags

Earnings manipulation risk (Beneish M-score)

Following stocks have high risk of potential earnings manipulation (Beneish M-score > -1.78):

Name	Value
Hindustan Unilever Ltd.	-1.56
Trent Ltd.	-1.78
Vedanta Ltd.	-0.12
Bajaj Auto Ltd.	-0.72
Varun Beverages Ltd.	-1.69
Tube Investments of India Ltd.	-1.47
Arvind Fashions Ltd.	-1.68
Swiggy Ltd.	-1.35

Declining revenues

Following companies have seen their sales decline for 2 consecutive quarters (measured on yoy basis): DLF Ltd., ITC Ltd., Thomas Cook (India) Ltd., United Spirits Ltd., Vedanta Ltd.

High leverage

Following companies have debt to equity of greater than 2:

Name	Value
Grasim Industries Ltd.	2.2
Jubilant FoodWorks Ltd.	2.14
Interglobe Aviation Ltd.	11.15
Devyani International Ltd.	2.49

Debt Insights

A detailed look at the debt holdings of this scheme — Is the scheme yielding enough? Includes credit quality, instrument breakdown and SEBI risk classification.

SEBI PRC matrix

Credit risk

	Interest risk
	Low	Moderate	High
Low
Moderate
High

Instruments

Full name	Description	Coupon rate	Maturity	Rating raw	Weight
Reserve Bank of India	Treasury Bills	0.00%	364-D 23/10/2026	SOV	1.17%
Muthoot Finance Ltd.	Debenture	0.00%	26/07/2029	CRISIL AA+	0.95%
Tata Capital Ltd.	Non Convertible Debenture	8.15%	11/06/2029	CRISIL AAA	0.74%
Reserve Bank of India	Treasury Bills	0.00%	91-D 17/09/2026	SOV	0.73%
Rajasthan State	State Development Loan	6.84%	11/03/2030	SOV	0.73%
Vedanta Ltd.	Debenture	8.95%	16/03/2029	CRISIL AA+	0.63%
Andhra Pradesh State	State Development Loan	7.67%	25/05/2031	SOV	0.60%
Bajaj Finance Ltd.	Non Convertible Debenture	7.79%	04/07/2036	CRISIL AAA	0.59%
Muthoot Finance Ltd.	Non Convertible Debenture	0.00%	04/09/2029	CRISIL AA+	0.59%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	04/12/2026	CARE A1+	0.58%
GOI	GOI Securities	7.17%	17/04/2030	SOV	0.58%
Brookfield India Real Estate Trust REIT	Debenture	0.00%	20/12/2030	CRISIL AAA	0.58%
Tamilnadu State	State Development Loan	7.50%	06/05/2032	SOV	0.45%
Small Industries Devp. Bank of India Ltd.	Non Convertible Debenture	7.29%	09/11/2029	CRISIL AAA	0.44%
Cholamandalam Investment and Finance Company Ltd.	Debenture	0.00%	27/02/2029	ICRA AA+	0.44%
Rajasthan State	State Development Loan	7.87%	20/05/2041	SOV	0.39%
Adani Power Ltd.	Debenture	8.20%	25/01/2029	CRISIL AA	0.35%
REC Ltd.	Debenture	8.80%	14/05/2029	CRISIL AAA	0.34%
National Bank For Agriculture & Rural Development	Bonds	7.48%	15/09/2028	CRISIL AAA	0.33%
Small Industries Devp. Bank of India Ltd.	Bonds	7.61%	10/08/2029	CRISIL AAA	0.30%
Small Industries Devp. Bank of India Ltd.	Debenture	7.83%	24/11/2028	CRISIL AAA	0.30%
Tata Capital Housing Finance Ltd.	Non Convertible Debenture	7.79%	18/06/2030	CRISIL AAA	0.30%
Tata Capital Ltd.	Non Convertible Debenture	7.88%	07/07/2031	CRISIL AAA	0.30%
Tata Capital Ltd.	Non Convertible Debenture	0.00%	21/02/2029	CRISIL AAA	0.30%
JSW Kalinga Steel Ltd.	Debenture	0.00%	0	CRISIL AA	0.30%
National Bank For Agriculture & Rural Development	Debenture	7.68%	30/04/2029	CRISIL AAA	0.30%
Gujarat State	State Development Loan	7.80%	01/06/2032	SOV	0.30%
Bharti Telecom Ltd.	Debenture	8.65%	05/11/2027	CRISIL AAA	0.30%
Nuvoco Vistas Corporation Ltd.	Debenture	7.70%	18/09/2028	CRISIL AA	0.29%
L&T Finance Ltd.	Bonds	7.79%	27/06/2031	CRISIL AAA	0.29%
Veritas Finance Ltd.	Non Convertible Debenture	9.05%	29/06/2029	CARE AA-	0.29%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	14/01/2027	CRISIL A1+	0.29%
Power Finance Corporation Ltd.	Debenture	7.27%	15/10/2031	CRISIL AAA	0.29%
Madhya Pradesh State	State Development Loan	7.72%	01/02/2038	SOV	0.27%
Adani Power Ltd.	Debenture	0.00%	27/01/2028	CRISIL AA	0.26%
Delhi International Airport Ltd.	Non Convertible Debenture	0.00%	22/08/2030	ICRA AA	0.26%
Jio Credit Ltd.	Non Convertible Debenture	8.15%	16/06/2031	CRISIL AAA	0.24%
Uttar Pradesh State	State Development Loan	7.08%	17/02/2031	SOV	0.24%
Liquid Gold Series 7	Securitised Debt	0.00%	0	CRISIL AAA(SO)	0.21%
Torrent Pharmaceuticals Ltd.	Non Convertible Debenture	7.80%	17/01/2031	ICRA AA+	0.21%
Kotak Mahindra Investments Ltd.	Non Convertible Debenture	7.61%	21/02/2029	CRISIL AAA	0.21%
L&T Metro Rail (Hyderabad) Ltd.	Non Convertible Debenture	7.55%	28/04/2035	CRISIL AAA(CE)	0.20%
JTPM Metal Traders Ltd.	Debenture	0.00%	30/04/2030	CRISIL AA	0.16%
Mahindra & Mahindra Financial Services Ltd.	Debenture	0.00%	18/05/2029	CRISIL AAA	0.15%
ICICI Bank Ltd.	Debenture	7.40%	28/11/2040	ICRA AAA	0.15%
Bharti Telecom Ltd.	Debenture	7.40%	01/02/2029	CRISIL AAA	0.15%
Small Industries Devp. Bank of India Ltd.	Bonds	0.00%	04/06/2029	CRISIL AAA	0.15%
Rajasthan State	State Development Loan	7.15%	17/03/2031	SOV	0.15%
Torrent Power Ltd.	Non Convertible Debenture	8.10%	24/06/2029	CRISIL AA+	0.15%
Housing & Urban Development Corporation Ltd.	Debenture	8.41%	15/03/2029	ICRA AAA	0.15%
ICICI Home Finance Company Ltd.	Bonds	7.94%	19/09/2029	ICRA AAA	0.15%
GOI	GOI Securities	7.24%	18/08/2055	SOV	0.14%
Karnataka State	State Development Loan	7.10%	05/01/2032	SOV	0.12%
Godrej Housing Finance Ltd.	Non Convertible Debenture	8.40%	05/01/2028	CRISIL AA+	0.12%
HDB Financial Services Ltd.	Non Convertible Debenture	7.96%	05/01/2028	CRISIL AAA	0.09%
Andhra Pradesh State	State Development Loan	7.77%	29/11/2035	SOV	0.09%
National Highways Infra Trust	Debenture	0.00%	30/01/2034	CARE AAA	0.06%
Maharashtra State	State Development Loan	7.91%	08/04/2039	SOV	0.06%
Tamilnadu State	State Development Loan	7.17%	27/02/2033	SOV	0.06%
Mankind Pharma Ltd.	Bonds/Debentures	7.97%	16/11/2027	CRISIL AA+	0.06%
Rajasthan State	State Development Loan	6.85%	03/02/2031	SOV	0.06%
Bihar State	State Development Loan	6.75%	07/07/2027	SOV	0.06%
Maharashtra State	State Development Loan	6.78%	25/05/2031	SOV	0.06%
Maharashtra State	State Development Loan	7.70%	15/11/2034	SOV	0.06%
National Highways Infra Trust	Debenture	0.00%	30/01/2035	CARE AAA	0.05%
National Bank For Agriculture & Rural Development	Debenture	6.85%	21/03/2031	ICRA AAA	0.04%
Karnataka State	State Development Loan	7.73%	03/01/2035	SOV	0.03%
National Bank For Agriculture & Rural Development	Debenture	7.62%	31/01/2028	CRISIL AAA	0.03%
Madhya Pradesh State	State Development Loan	0.00%	22/02/2038	SOV	0.03%
Liquid Gold Series 7	Securitised Debt	0.00%	0	CRISIL AAA(SO)	0.02%
Torrent Pharmaceuticals Ltd.	Non Convertible Debenture	7.60%	19/01/2029	ICRA AA+	0.01%
Others	Margin Money	0.00%	0	-	0.00%

Frequently Asked Questions

What are the top holdings of Nippon India Multi Asset Allocation Fund Direct-Growth?

The top holdings of Nippon India Multi Asset Allocation Fund Direct-Growth as of 31 Jul 2026 are Nippon India ETF Gold BeES (8.15%), iShares MSCI World ETF (4.72%), ICICI Bank Ltd. (3.98%), Others (2.91%), Nippon India Silver ETF - Growth (2.84%). These top 5 stocks together account for 22.60% of the total portfolio. You can view the complete holdings breakdown above.

How many stocks does Nippon India Multi Asset Allocation Fund Direct-Growth hold in its portfolio?

Nippon India Multi Asset Allocation Fund Direct-Growth holds 169 stocks in its portfolio as of 31 Jul 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.

What is the sector allocation of Nippon India Multi Asset Allocation Fund Direct-Growth?

As of 31 Jul 2026, Nippon India Multi Asset Allocation Fund Direct-Growth's top sector allocations are Financial (16.07%), Services (9.35%), Energy (5.91%). You can find detailed sector allocation above.

What is the equity and debt allocation of Nippon India Multi Asset Allocation Fund Direct-Growth?

As of 31 Jul 2026, Nippon India Multi Asset Allocation Fund Direct-Growth has 61.51% allocated to equity, and 20.05% to debt. You can also check the historical trends above.

What is the market cap allocation of Nippon India Multi Asset Allocation Fund Direct-Growth?

As of 31 Jul 2026, Nippon India Multi Asset Allocation Fund Direct-Growth's market cap allocation is 70.33% in large caps, 18.57% in mid caps, and 11.10% in small caps.

What is the PE ratio of Nippon India Multi Asset Allocation Fund Direct-Growth's portfolio?

The portfolio PE ratio of Nippon India Multi Asset Allocation Fund Direct-Growth is 24.57 as of 31 Jul 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.

What is the credit quality of Nippon India Multi Asset Allocation Fund Direct-Growth?

As of 31 Jul 2026, Nippon India Multi Asset Allocation Fund Direct-Growth's debt portfolio has 7.73% in AAA-rated instruments, 1.63% in AA-rated, and 6.39% in sovereign securities. Higher allocation to AAA and sovereign instruments indicates lower credit risk in the non-equity portion of the portfolio.

When is the latest portfolio disclosure for Nippon India Multi Asset Allocation Fund Direct-Growth?

The latest portfolio disclosure for Nippon India Multi Asset Allocation Fund Direct-Growth is as of 31 Jul 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.

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Asset

31 Jul 2026

30 Jun 2026

31 May 2026

30 Apr 2026

31 Mar 2026

28 Feb 2026

Equity

61.51%

61.17%

59.84%

60.36%

61.66%

63.53%

Debt

20.05%

19.63%

22.04%

20.97%

22.00%

16.19%

Others (incl. cash)

2.98%

5.39%

3.17%

3.93%

3.16%

5.24%

Commodities

13.72%

12.54%

14.95%

14.74%

13.18%

15.04%

Real Estate

1.75%

1.27%

0.00%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

ICICI Bank Ltd.

Financial

46,94,329

673.82

3.98%

-0.05%↓

HDFC Bank Ltd.

Financial

55,63,057

416.2

2.46%

-0.32%↓

State Bank of India

Financial

31,82,318

326.95

1.93%

0.08%↑

Axis Bank Ltd.

Financial

25,79,112

317.1

1.87%

0.46%↑

Mahindra & Mahindra Ltd.

Automobile

8,78,500

298.56

1.76%

0.76%↑

Eternal Ltd.

Services

92,79,553

280.66

1.66%

0.01%↑

Infosys Ltd.

Technology

24,44,081

276.21

1.63%

0.10%↑

Reliance Industries Ltd.

Energy

20,63,054

269.81

1.59%

-0.07%↓

Info Edge (India) Ltd.

Services

20,98,795

257.36

1.52%

0.24%↑

Trent Ltd.

Services

8,53,399

256.52

1.52%

-0.03%↓

Hindustan Aeronautics Ltd.

Capital Goods

5,22,287

242.68

1.43%

0.00%↑

Hindustan Unilever Ltd.

Consumer Staples

10,76,252

226.15

1.34%

0.31%↑

Kotak Mahindra Bank Ltd.

Financial

50,00,000

195.15

1.15%

-0.07%↓

Varun Beverages Ltd.

Consumer Staples

44,02,755

194.73

1.15%

-0.09%↓

NTPC Ltd.

Energy

55,91,755

194.17

1.15%

-0.10%↓

Bajaj Auto Ltd.

Automobile

1,60,433

184.83

1.09%

-0.05%↓

Swiggy Ltd.

Services

58,20,984

165.82

0.98%

0.11%↑

Oil And Natural Gas Corporation Ltd.

Energy

65,00,000

157.64

0.93%

-0.02%↓

Titan Company Ltd.

Consumer Discretionary

3,17,479

154.78

0.91%

0.04%↑

LG Electronics India Ltd.

Consumer Discretionary

10,01,110

149.22

0.88%

-0.09%↓

Sector

31 Jul 2026

30 Jun 2026

31 May 2026

30 Apr 2026

31 Mar 2026

28 Feb 2026

Financial

16.07%

15.67%

15.30%

14.87%

14.92%

16.95%

Services

9.35%

9.32%

8.59%

8.07%

7.86%

6.80%

Energy

5.91%

6.73%

7.04%

7.26%

8.62%

8.29%

Automobile

5.15%

4.53%

4.74%

4.68%

4.49%

4.75%

Consumer Staples

4.32%

3.88%

3.28%

3.52%

2.94%

2.93%

Capital Goods

4.08%

4.18%

3.66%

4.29%

4.18%

4.46%

Technology

2.58%

2.37%

2.74%

2.85%

3.27%

3.29%

Healthcare

2.39%

2.44%

2.59%

2.92%

2.17%

2.25%

Consumer Discretionary

2.28%

2.19%

1.95%

1.82%

2.03%

2.19%

Metals & Mining

1.26%

1.32%

1.47%

1.50%

1.54%

1.66%

Materials

0.96%

1.02%

0.79%

0.78%

0.80%

0.89%

Communication

0.73%

0.74%

0.80%

0.85%

0.88%

Insurance

0.60%

0.64%

0.49%

0.51%

0.57%

0.66%

Construction

0.46%

0.48%

0.47%

0.48%

1.10%

1.33%

Chemicals

0.19%

0.21%

0.44%

0.47%

Textiles

0.15%

0.17%

0.19%

Rating

Fund