Nippon India Power & Infra Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Portfolio Turnover Ratio : 39.00%. Category average turnover ratio is 167.64%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 99.35% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.35%

No of Stocks : 68 (Category Avg - 44.43) | Large Cap Investments : 41.58%| Mid Cap Investments : 21.31% | Small Cap Investments : 18.1% | Other : 18.36%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	68	43.31
Top 5 Stock Weight	33.29%	32.32%
Top 10 Stock Weight	46.54%	49.31%
Top 3 Sector Weight	32.32%	43.27%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	120212.49	72871.69
Holdings in large cap stocks	41.58%	37.3%
Holdings in mid cap stocks	21.31%	14.28%
Holdings in small cap stocks	18.1%	12.55%

Category - Sectoral/Thematic

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Reliance Industries Ltd.	Refineries & marketing	6936.2	9.50%	1.06%	9.5% (Nov 2025)	5.79% (Dec 2024)	44.25 L	1.50 L
National Thermal Power Corporation Ltd.	Power generation	5549.7	7.60%	-0.01%	8.04% (Mar 2025)	6.26% (Dec 2024)	1.70 Cr	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4413.4	6.04%	0.31%	6.9% (Apr 2025)	5.54% (Dec 2024)	21.00 L	0.00
Larsen & Toubro Ltd.	Civil construction	4331.4	5.93%	-0.04%	8.21% (Dec 2024)	5.67% (Sep 2025)	10.64 L	-0.50 L
Tata Power Co. Ltd.	Integrated power utilities	3082.1	4.22%	-0.03%	4.26% (Jul 2025)	2.61% (Dec 2024)	79.01 L	0.00
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	2327	3.19%	-0.09%	3.28% (Oct 2025)	2.09% (Dec 2024)	80.01 L	-0.13 Cr
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	2032.2	2.78%	-0.17%	3.5% (Aug 2025)	1.86% (Dec 2024)	30.20 L	0.00
- Ultratech Cement Ltd.	Cement & cement products	1972	2.70%	0.00%	4.14% (Dec 2024)	2.64% (May 2025)	1.70 L	0.00
Bharat Forge Ltd.	Castings & forgings	1691.4	2.32%	0.24%	2.32% (Nov 2025)	1.82% (Aug 2025)	11.80 L	0.00
Kaynes Technology India Private Ltd.	Industrial products	1647.6	2.26%	0.03%	4.9% (Dec 2024)	2.23% (Oct 2025)	3.00 L	50.00 k

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

Help me understand this table

Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Reliance Industries Ltd.	Refineries & marketing	9.5	6936.2	9.50%	1.06%	9.5% (Nov 2025)	5.79% (Dec 2024)	44.25 L	1.50 L	Large Cap	41.58
National Thermal Power Corporation Ltd.	Power generation	12.59	5549.7	7.60%	-0.01%	8.04% (Mar 2025)	6.26% (Dec 2024)	1.70 Cr	0.00	Large Cap	41.58
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	6.04	4413.4	6.04%	0.31%	6.9% (Apr 2025)	5.54% (Dec 2024)	21.00 L	0.00	Large Cap	41.58
Larsen & Toubro Ltd.	Civil construction	6.89	4331.4	5.93%	-0.04%	8.21% (Dec 2024)	5.67% (Sep 2025)	10.64 L	-0.50 L	Large Cap	41.58
Tata Power Co. Ltd.	Integrated power utilities	6.49	3082.1	4.22%	-0.03%	4.26% (Jul 2025)	2.61% (Dec 2024)	79.01 L	0.00	Mid Cap	21.31
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	10.23	2327	3.19%	-0.09%	3.28% (Oct 2025)	2.09% (Dec 2024)	80.01 L	-0.13 Cr	Mid Cap	21.31
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	10.23	2032.2	2.78%	-0.17%	3.5% (Aug 2025)	1.86% (Dec 2024)	30.20 L	0.00	Small Cap	18.1
- Ultratech Cement Ltd.	Cement & cement products	6	1972	2.70%	0.00%	4.14% (Dec 2024)	2.64% (May 2025)	1.70 L	0.00	Large Cap	41.58
Bharat Forge Ltd.	Castings & forgings	2.32	1691.4	2.32%	0.24%	2.32% (Nov 2025)	1.82% (Aug 2025)	11.80 L	0.00	Mid Cap	21.31
Kaynes Technology India Private Ltd.	Industrial products	4.21	1647.6	2.26%	0.03%	4.9% (Dec 2024)	2.23% (Oct 2025)	3.00 L	50.00 k	Other	18.36
NTPC Green Energy Ltd.	Power generation	12.59	1628.1	2.23%	-0.12%	2.35% (Oct 2025)	1% (Jan 2025)	1.71 Cr	0.00	Other	18.36
Apollo Hospitals Enterprises Ltd.	Hospital	2.11	1540.5	2.11%	-0.03%	2.45% (Dec 2024)	1.95% (May 2025)	2.10 L	0.00	Mid Cap	21.31
Carborundum Universal Ltd.	Abrasives & bearings	2	1458	2.00%	-0.15%	3.09% (Dec 2024)	2% (Nov 2025)	17.02 L	-0.98 L	Small Cap	18.1
NLC India Ltd.	Power generation	12.59	1418.3	1.94%	-0.09%	2.27% (Sep 2025)	1.74% (Dec 2024)	58.32 L	0.00	Small Cap	18.1
Cesc Ltd.	Integrated power utilities	6.49	1363.8	1.87%	-0.04%	2% (Dec 2024)	1.63% (Jan 2025)	80.00 L	0.00	Other	18.36
- Hindustan Aeronautics Ltd.	Aerospace & defense	4.37	1317.3	1.80%	0.00%	2.2% (Mar 2025)	1.68% (Dec 2024)	2.90 L	0.00	Other	18.36
Grasim Industries Limited	Cement & cement products	6	1314.9	1.80%	-0.12%	1.95% (Apr 2025)	1.64% (Dec 2024)	4.80 L	-0.20 L	Large Cap	41.58
Voltas Limited	Household appliances	2.77	1217.8	1.67%	0.06%	1.67% (Nov 2025)	0% (Dec 2024)	8.85 L	11.00 k	Mid Cap	21.31
Cummins India Ltd.	Compressors, pumps & diesel engines	2.51	1209.4	1.66%	0.10%	2.17% (Jul 2025)	1.56% (Oct 2025)	2.70 L	0.00	Mid Cap	21.31
Motherson Sumi Systems Ltd.	Auto components & equipments	3.42	1151.9	1.58%	0.30%	1.58% (Nov 2025)	0% (Dec 2024)	99.04 L	7.50 L	Large Cap	41.58
Power Finance Corporation Ltd.	Financial institution	1.56	1142.5	1.56%	-0.13%	1.91% (Mar 2025)	1.56% (Nov 2025)	31.50 L	0.00	Mid Cap	21.31
Brigade Enterprises Ltd.	Residential, commercial projects	2.32	1074.1	1.47%	-0.18%	2.67% (Dec 2024)	1.47% (Nov 2025)	12.00 L	0.00	Small Cap	18.1
InterGlobe Aviation Ltd.	Airline	1.33	971.8	1.33%	0.13%	1.33% (Nov 2025)	0.29% (Dec 2024)	1.65 L	4.64 k	Large Cap	41.58
Cyient DLM Ltd.	Industrial products	4.21	951.5	1.30%	-0.03%	2.8% (Dec 2024)	1.3% (Nov 2025)	22.17 L	0.00	Other	18.36
Triveni Turbine Ltd.	Heavy electrical equipment	10.23	850.6	1.17%	0.22%	1.17% (Nov 2025)	0% (Dec 2024)	15.84 L	2.44 L	Small Cap	18.1
Siemens Ltd.	Heavy electrical equipment	10.23	782	1.07%	0.09%	3.07% (Dec 2024)	0.98% (Oct 2025)	2.37 L	0.00	Large Cap	41.58
MTAR Technologies Ltd.	Aerospace & defense	4.37	744.2	1.02%	-0.50%	1.52% (Oct 2025)	1.02% (Nov 2025)	2.94 L	-1.56 L	Other	18.36
GAIL (India) Ltd.	Gas transmission/marketing	1	730.2	1.00%	-0.20%	1.2% (Oct 2025)	0% (Dec 2024)	41.47 L	-8.00 L	Large Cap	41.58
Astral Ltd.	Plastic products - industrial	0.99	720.4	0.99%	0.03%	2.33% (Dec 2024)	0.93% (Sep 2025)	5.00 L	0.00	Mid Cap	21.31
KEI Industries Ltd.	Cables - electricals	0.97	704.8	0.97%	0.06%	0.97% (Nov 2025)	0.34% (Jan 2025)	1.70 L	0.00	Small Cap	18.1
GE T&D India Ltd.	Heavy electrical equipment	10.23	656.9	0.90%	-0.02%	1.3% (May 2025)	0.9% (Nov 2025)	2.28 L	0.00	Small Cap	18.1
Apar Industries Ltd.	Other electrical equipment	2.2	636.1	0.87%	0.32%	0.87% (Nov 2025)	0% (Dec 2024)	69.45 k	22.00 k	Small Cap	18.1
Phoenix Mills Ltd.	Residential, commercial projects	2.32	622.9	0.85%	0.05%	1.29% (Feb 2025)	0.72% (Jul 2025)	3.59 L	0.00	Small Cap	18.1
Tube Investments Of India Ltd.	Auto components & equipments	3.42	621.8	0.85%	-0.05%	0.94% (Sep 2025)	0% (Dec 2024)	2.23 L	0.00	Small Cap	18.1
JSW Cement Ltd.	Cement & cement products	6	621.7	0.85%	-0.13%	1.02% (Sep 2025)	0% (Dec 2024)	54.19 L	0.00	Other	18.36
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	2.51	619.7	0.85%	-0.01%	0.86% (Oct 2025)	0% (Dec 2024)	5.51 L	-1.00 L	Small Cap	18.1
Indraprastha Gas Ltd.	Lpg/cng/png/lng supplier	0.84	615.1	0.84%	-0.15%	1.11% (Feb 2025)	0.84% (Nov 2025)	30.85 L	-4.15 L	Mid Cap	21.31
Siemens Energy India Ltd.	Power generation	12.59	600.3	0.82%	0.02%	1.54% (Jul 2025)	0% (Dec 2024)	1.90 L	0.00	Other	18.36
Container Corporation Of India Ltd.	Logistics solution provider	0.81	594.3	0.81%	-0.03%	2.79% (Jan 2025)	0.81% (Nov 2025)	11.63 L	0.00	Large Cap	41.58
Bajel Projects Ltd.	Power - transmission	0.78	572.4	0.78%	-0.03%	0.87% (Sep 2025)	0.36% (Mar 2025)	32.20 L	30.00 k	Other	18.36
Amber Enterprises India Ltd.	Household appliances	2.77	537.7	0.74%	0.07%	0.74% (Nov 2025)	0% (Dec 2024)	74.88 k	12.00 k	Small Cap	18.1
WABCO India Ltd.	Auto components & equipments	3.42	493.8	0.68%	0.06%	0.73% (Aug 2025)	0% (Dec 2024)	37.40 k	0.00	Mid Cap	21.31
Afcons Infrastructure Ltd.	Civil construction	6.89	484.5	0.66%	0.01%	0.68% (Sep 2025)	0.39% (May 2025)	11.99 L	1.00 L	Other	18.36
Saatvik Green Energy Ltd.	Other electrical equipment	2.2	477.1	0.65%	-0.16%	0.81% (Oct 2025)	0% (Dec 2024)	11.61 L	0.00	Other	18.36
Shree Cement Ltd.	Cement & cement products	6	475.2	0.65%	-0.03%	0.8% (Mar 2025)	0.62% (Dec 2024)	18.00 k	0.00	Large Cap	41.58
Praj Industries Ltd.	Industrial products	4.21	474.3	0.65%	-0.02%	1.65% (Dec 2024)	0.65% (Nov 2025)	15.00 L	0.00	Small Cap	18.1
PTC India Ltd.	Power trading	0.65	472.2	0.65%	-0.02%	0.78% (Jul 2025)	0% (Dec 2024)	29.92 L	0.00	Small Cap	18.1
JSW Infrastructure Ltd.	Engineering, designing, construction	0.63	459.6	0.63%	-0.02%	1.22% (Mar 2025)	0.63% (Nov 2025)	17.00 L	0.00	Other	18.36
Bharat Electronics Ltd.	Aerospace & defense	4.37	452.9	0.62%	-0.29%	1.57% (Dec 2024)	0.62% (Nov 2025)	11.00 L	-5.00 L	Mid Cap	21.31
TML Commercial Vehicles Ltd.	Commercial vehicles	0.61	445.5	0.61%	0.23%	0.61% (Nov 2025)	0% (Dec 2024)	12.66 L	1.65 L	Other	18.36
ABB India Ltd.	Heavy electrical equipment	10.23	443.4	0.61%	0.02%	1.07% (Dec 2024)	0.59% (Oct 2025)	85.69 k	0.00	Large Cap	41.58
Bharat Dynamics Ltd.	Aerospace & defense	4.37	423	0.58%	0.01%	1.89% (Apr 2025)	0.56% (Aug 2025)	2.79 L	0.00	Other	18.36
Can Fin Homes Ltd.	Housing finance company	0.55	398.7	0.55%	0.03%	0.55% (Nov 2025)	0% (Dec 2024)	4.51 L	0.00	Small Cap	18.1
Tata Motors Passenger Vehicles Ltd.	Passenger cars & utility vehicles	0.54	392.6	0.54%	-0.06%	1.07% (May 2025)	0% (Dec 2024)	11.00 L	0.00	Large Cap	41.58
Acme Solar Holdings Ltd.	Holding company	0.53	384.1	0.53%	-0.09%	0.66% (Aug 2025)	0.28% (Dec 2024)	16.69 L	0.00	Other	18.36
KEC International Ltd.	Heavy electrical equipment	10.23	372.6	0.51%	0.01%	0.68% (Dec 2024)	0.46% (Apr 2025)	5.43 L	80.00 k	Small Cap	18.1
# Fujiyama Power Systems Ltd.	Other electrical equipment	2.2	337.5	0.46%	0.46%	0.46% (Nov 2025)	0% (Dec 2024)	16.12 L	16.12 L	Other	18.36
Coal India Ltd.	Coal	0.42	306.8	0.42%	-0.93%	1.46% (Mar 2025)	0.42% (Nov 2025)	8.16 L	-0.18 Cr	Large Cap	41.58
Indian Hotels Company Limited	Hotels & resorts	0.41	299.1	0.41%	0.31%	0.41% (Nov 2025)	0% (Dec 2024)	4.02 L	3.02 L	Mid Cap	21.31
Torrent Power Ltd.	Integrated power utilities	6.49	291.5	0.40%	0.01%	0.49% (Apr 2025)	0.37% (Sep 2025)	2.22 L	0.00	Mid Cap	21.31
Crompton Greaves Consumer Electricals Ltd.	Household appliances	2.77	265.4	0.36%	-0.02%	0.48% (May 2025)	0% (Dec 2024)	10.00 L	0.00	Mid Cap	21.31
Mishra Dhatu Nigam Ltd.	Aerospace & defense	4.37	254.7	0.35%	-0.05%	0.44% (Jun 2025)	0.31% (Feb 2025)	7.75 L	0.00	Small Cap	18.1
Ellenbarrie Industrial Gases Ltd.	Industrial gases	0.33	244.5	0.33%	-0.05%	0.38% (Oct 2025)	0% (Dec 2024)	6.22 L	0.00	Other	18.36
# Schaeffler India Ltd.	Auto components & equipments	3.42	222.9	0.31%	0.31%	0.31% (Nov 2025)	0% (Dec 2024)	57.16 k	57.16 k	Other	18.36
ISGEC Heavy Engineering Ltd.	Civil construction	6.89	216.9	0.30%	0.05%	0.3% (Nov 2025)	0% (Dec 2024)	2.63 L	50.08 k	Other	18.36
Steel Authority Of India Ltd.	Iron & steel products	0.28	202.4	0.28%	0.01%	0.28% (Nov 2025)	0% (Dec 2024)	15.00 L	0.00	Mid Cap	21.31
Vikram Solar Ltd.	Other electrical equipment	2.2	157.6	0.22%	-0.04%	0.28% (Aug 2025)	0% (Dec 2024)	6.03 L	0.00	Other	18.36
# Shriram Finance Ltd.	Non banking financial company (nbfc)	0.15	110.7	0.15%	0.15%	0.15% (Nov 2025)	0% (Dec 2024)	1.30 L	1.30 L	Other	18.36
Associated Cement Companies Ltd.	Cement & cement products	6	192.7	0.00%	-0.26%	-	-	-	-	Mid Cap	21.31
DLF Ltd.	Residential, commercial projects	2.32	302.5	0.00%	-0.40%	-	-	-	-	Large Cap	41.58

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Schaeffler India Ltd.	Auto components & equipments	222.9	0.31%	0.31%	0.31% (Nov 2025)	0% (Dec 2024)	57.16 k	57158
# Shriram Finance Ltd.	Non banking financial company (nbfc)	110.7	0.15%	0.15%	0.15% (Nov 2025)	0% (Dec 2024)	1.30 L	130000
# Fujiyama Power Systems Ltd.	Other electrical equipment	337.5	0.46%	0.46%	0.46% (Nov 2025)	0% (Dec 2024)	16.12 L	1612110

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Associated Cement Companies Ltd.	Cement & cement products	192.7	0.00%	-0.26%	1.04% (Feb 2025)	0% (Dec 2024)	0.00	-102407
DLF Ltd.	Residential, commercial projects	302.5	0.00%	-0.40%	0.44% (Jun 2025)	0% (Dec 2024)	0.00	-400000

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
Reliance Industries Ltd.	9.50%	8.44%	7.96%	8.09%	8.06%	8.27%	8.05%	8.20%	7.63%	7.84%	6.78%	5.79%	6.07%
National Thermal Power Corporation Ltd.	7.60%	7.61%	7.90%	7.62%	7.57%	7.34%	7.16%	7.82%	8.04%	7.83%	7.13%	6.26%	6.26%
Larsen & Toubro Ltd.	5.93%	5.97%	5.67%	5.89%	5.99%	6.33%	6.66%	6.39%	7.51%	7.71%	7.60%	8.21%	9.86%
Bharti Airtel Ltd.	6.04%	5.73%	5.90%	6.71%	6.62%	6.86%	6.51%	6.90%	6.58%	6.67%	6.04%	5.54%	5.60%
Tata Power Co. Ltd.	4.22%	4.25%	4.19%	4.12%	4.26%	4.20%	4.18%	4.21%	3.91%	3.86%	3.37%	2.61%	2.58%
Ultratech Cement Ltd.	2.70%	2.70%	2.84%	3.08%	2.91%	2.78%	2.64%	3.31%	4.03%	3.97%	3.94%	4.14%	4.00%
Kaynes Technology India Private Ltd.	2.26%	2.23%	2.41%	2.87%	2.81%	2.69%	2.71%	3.03%	2.94%	2.87%	2.90%	4.90%	3.90%
Bharat Heavy Electricals Ltd.	3.19%	3.28%	3.03%	2.58%	2.82%	3.05%	3.05%	2.75%	2.53%	2.25%	2.29%	2.09%	1.99%
CG Power and Industrial Solutions Ltd.	2.78%	2.95%	3.41%	3.50%	3.24%	2.78%	2.88%	2.73%	2.45%	2.46%	2.31%	1.86%	0.99%
Carborundum Universal Ltd.	2.00%	2.15%	2.27%	2.29%	2.27%	2.28%	2.41%	2.62%	2.67%	2.44%	3.05%	3.09%	3.48%
Apollo Hospitals Enterprises Ltd.	2.11%	2.14%	2.12%	2.23%	2.13%	2.00%	1.95%	2.09%	2.03%	2.08%	2.04%	2.45%	2.26%
Brigade Enterprises Ltd.	1.47%	1.65%	1.53%	1.61%	1.71%	1.82%	1.84%	1.83%	2.25%	2.44%	2.64%	2.67%	2.63%
Cyient DLM Ltd.	1.30%	1.33%	1.61%	1.77%	1.83%	1.87%	1.96%	1.91%	2.07%	2.04%	2.16%	2.80%	2.88%
Bosch Ltd.	-	-	-	-	-	-	-	-	-	-	1.18%	1.93%	2.66%
Cummins India Ltd.	1.66%	1.56%	1.58%	2.13%	2.17%	2.01%	1.98%	1.85%	2.01%	2.00%	1.87%	1.98%	2.07%