Fund manager · Nippon

Dhrumil Shah

Fund Manager- Equity at Nippon. Runs 5 schemes worth ₹19,815 Cr.

Fund house
NipponThey run their schemes at Nippon.
AUM they run
₹19,815 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.
Schemes
5 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.
Experience
20 years20

What Dhrumil Shah's schemes hold^{(Aug 2021 – Sept 2026)}

What Dhrumil Shah's schemes hold in Sept 2026. Tick up to 2 to plot them.
Plot	181 companies ·	₹ Cr
	HDFC Bank	1,221
	ICICI Bank	1,005
	Axis Bank	710
	Reliance Industries	587
	State Bank of India	568
	NTPC	465
	Larsen and Toubro	428
	Kotak Mahindra Bank Limited	427
	Bharti Airtel Limited	411
	Bharat Heavy Electricals	358
	Bajaj Finance Limited	357
	MARUTI SUZUKI INDA LIMITED	312
	Kaynes Technology India Limited	306
	Jindal Steel and Power Limited	296
	Infosys	284
	Swiggy Limited	266
	Mahindra and Mahindra Limited	266
	Torrent Pharmaceuticals Limited	263
	IndusInd Bank	232
	Motherson Sumi Systems	226
	Eternal Limited	210
	Vedanta Aluminium Metal Limited	201
	NTPC Green Energy Limited	193
	Trent	188
	Dewan Housing Finance Corporation Ltd	186
	Kirloskar Oil Engines Limited	183
	ITC	175
	Radico Khaitan Limited	175
	Mankind Pharma Limited	172
	Dixon Technologies India Limited	171
	Coal India	171
	Varun Beverages Limited	167
	Tata Consultancy Services	163
	Hindustan Aeronautics Limited	149
	Siemens Energy India Limited	147
	Coforge Limited	147
	AU Small Finance Bank Limited	145
	Interglobe Aviation Limited	144
	Larsen Toubro Infotech Limited	142
	Jubilant Foodworks Limited	135
	Voltas	129
	Asian Paints	128
	Balkrishna Industries Limited	127
	Sesa Goa	126
	PG Electroplast Limited	126
	One 97 Communications Limited	122
	Devyani international limited	115
	Tech Mahindra	107
	Crompton Greaves Cons Electrical Ltd	107
	Avenue Supermarts Limited	106

HDFC Bank
ICICI Bank

Market value of each ticked company across the schemes Dhrumil Shah runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	HDFC Bank	ICICI Bank
Sept 2025	₹1,364 Cr	₹813 Cr
Oct 2025	₹1,416 Cr	₹702 Cr
Nov 2025	₹1,495 Cr	₹766 Cr
Dec 2025	₹1,471 Cr	₹741 Cr
Jan 2026	₹1,278 Cr	₹787 Cr
Feb 2026	₹1,292 Cr	₹896 Cr
Mar 2026	₹1,089 Cr	₹847 Cr
Apr 2026	₹1,321 Cr	₹869 Cr
May 2026	₹1,274 Cr	₹968 Cr
Jun 2026	₹1,405 Cr	₹1,129 Cr
Jul 2026	₹1,319 Cr	₹1,096 Cr
Aug 2026	₹1,221 Cr	₹1,108 Cr
Sept 2026	₹1,221 Cr	₹1,005 Cr

Fig. 1.Market value of each ticked company across the schemes Dhrumil Shah runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of AUM
Large Cap	67	57.31

Mid Cap	47	18.92

Small Cap	57	16.27

REIT / InvIT	2	0.096

Unlisted	6	0.54

Other equity	2	0.11

Cash & others		6.76

Sectors

Companies

Fig. 2.What the schemes this manager runs hold, all together, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

What Dhrumil Shah bought and sold^{(Oct 2025 – Sept 2026)}

What Dhrumil Shah bought and sold. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.