4 Largecap Nippon India Mutual Fund Stocks to Watch for Future Multibagger Potential: NTPC, Trent, BHEL and Union Bank
- October 29, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
NTPC Rs 303.75. Trent Rs 2,913.90. BHEL Rs 405.30. Union Bank Rs 182.98. Market caps from Rs 1.32 lakh crore to Rs 3.06 lakh crore. Data as of 28 Oct 2026.
Quick Answer
NTPC, Trent, BHEL and Union Bank are the 4 picks in this Nippon India mutual fund stocks watchlist, with market caps between Rs 1.32 lakh crore and Rs 3.06 lakh crore. NTPC stands out for the largest market cap at Rs 3,05,632 crore, while Trent offers the highest return on equity at 24.62%. PE ratios run from 6.39 to 90.95, so compare each one with its industry PE before investing. All figures are as of 28 October 2026.
Nippon India mutual fund stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. NTPC, Trent, BHEL and Union Bank meet that test, with market caps from Rs 1.32 lakh crore to Rs 3.06 lakh crore and NTPC offering the largest market cap at Rs 3,05,632 crore. Each of these companies has Nippon India Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with Nippon India Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening Nippon India mutual fund stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Nippon India Mutual Fund Stocks and Why Do They Attract Multibagger Interest?
Nippon India mutual fund stocks are shares of large companies in which Nippon India Mutual Fund or one of its schemes is named among the top domestic institutional holders in the latest shareholding pattern. The four here cover power generation, fashion and lifestyle retail, heavy electricals and public sector banking.
When a respected fund house like Nippon India Mutual Fund holds a large stake, it shows that its research teams have studied the business closely and backed it with investors money. For Nippon India mutual fund stocks, both FY26 and the latest quarter showed growth. With Nippon India mutual fund stocks, comparing valuation, growth and balance sheet strength together works better than relying on one number. Every company in the table below passed a rising-profit check, and the figures for Nippon India mutual fund stocks are complete. Read each company’s latest results and exchange filings before acting on Nippon India mutual fund stocks.
Nippon India Mutual Fund Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 28 October 2026. Union Bank has the lowest PE of the group at 6.39, while Trent posts the highest return on equity at 24.62%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| NTPC | 303.75 | 3,05,632 | 10.79 | 21.61 | 13.31% | 1.51 | 298.00 to 414.40 |
| Trent | 2,913.90 | 1,65,038 | 90.95 | 64.73 | 24.62% | 23.63 | 2,183.67 to 3,399.70 |
| Bharat Heavy Electricals | 405.30 | 1,53,794 | 53.40 | 45.89 | 10.76% | 5.75 | 229.54 to 464.00 |
| Union Bank of India | 182.98 | 1,31,926 | 6.39 | 12.02 | 15.57% | 0.99 | 135.80 to 205.49 |
NTPC: Five-Year Gain of 110.40%
NTPC is India’s largest power generation company and is growing its renewable energy portfolio. It reported FY26 revenue of Rs 1,89,798.56 crore and net profit of Rs 30,009.98 crore, up 48.19%. Net profit has compounded at 18.01% a year since FY22, while revenue has grown 8.89% a year. Operating margin was 32.45% in FY26.
In the June 2026 quarter, revenue rose 6.94% to Rs 51,141.51 crore and net profit grew 12.90% to Rs 6,896.44 crore. The share price has gained 110.40% over five years. Domestic institutions raised their holding from 28.92% in June 2025 to 29.44% in June 2026. The stock trades at a PE of 10.79 against an industry PE of 21.61, below the sector average, with a return on equity of 13.31%. The dividend yield is 2.86%.
Trent: Return on Equity of 24.62%
Trent runs the Westside, Zudio and Star retail chains selling fashion, apparel and grocery products. It reported FY26 revenue of Rs 20,189.05 crore, up 16.34% year on year, and net profit of Rs 1,721.33 crore, up 12.18%. Revenue has compounded at 44.17% a year since FY22. Operating margin was 17.91% in FY26. The debt-to-equity ratio is 0.37.
The stock trades at a PE of 90.95 against an industry PE of 64.73, with a return on equity of 24.62%. In the June 2026 quarter, revenue rose 17.47% to Rs 5,784.54 crore and net profit grew 21.98% to Rs 518.07 crore. The share price has gained 283.92% over five years. Domestic institutions raised their holding from 19.98% in September 2025 to 23.33% in September 2026.
BHEL: 37.73% Profit CAGR Since FY22
Bharat Heavy Electricals is a government-owned maker of power generation, transmission, industrial and transportation equipment. It reported FY26 revenue of Rs 34,589.83 crore, up 20.08% year on year, and net profit of Rs 1,600.26 crore, up 199.73%. Net profit has compounded at 37.73% a year since FY22, while revenue has grown 12.54% a year. Operating margin was 10.18% in FY26. The debt-to-equity ratio is 0.23.
In the September 2026 quarter, revenue rose 24.28% to Rs 9,553.01 crore and net profit grew 118.98% to Rs 820.94 crore. The share price has gained 488.34% over five years and 86.13% over the past year. Domestic institutions raised their holding from 18.62% in September 2025 to 21.88% in September 2026. The stock trades at a PE of 53.40 against an industry PE of 45.89.
Union Bank: 37.80% Profit CAGR Since FY22
Union Bank of India is a large government-owned bank that serves retail, MSME and corporate customers across India. It reported FY26 total income of Rs 1,28,399.52 crore, up 0.19% year on year, and net profit of Rs 18,780.63 crore, up 4.80%. Net profit has compounded at 37.80% a year since FY22, while total income has grown 11.95% a year.
The stock trades at a PE of 6.39 against an industry PE of 12.02, below the sector average, with a return on equity of 15.57%. The dividend yield is 2.90%. In the June 2026 quarter, total income rose 2.17% to Rs 32,660.24 crore and net profit grew 29.77% to Rs 5,368.17 crore. The share price has gained 249.43% over five years and 23.10% over the past year. Foreign investors raised their holding from 7.70% in June 2025 to 8.63% in June 2026.
Nippon India Mutual Fund Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these Nippon India mutual fund stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | 4-Year Revenue CAGR | Latest Quarter Revenue Growth | Net Profit Growth (YoY) |
|---|---|---|---|---|---|
| NTPC | 1,89,798.56 | 30,009.98 | 8.89% | 6.94% | 48.19% |
| Trent | 20,189.05 | 1,721.33 | 44.17% | 17.47% | 12.18% |
| BHEL | 34,589.83 | 1,600.26 | 12.54% | 24.28% | 199.73% |
| Union Bank | 1,28,399.52 | 18,780.63 | 11.95% | 2.17% | 4.80% |
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Institutional Holding in NTPC, Trent, BHEL and Union Bank
Institutional holding shows who is backing these Nippon India mutual fund stocks alongside the promoter. The table uses the latest reported quarter for each. NTPC has the deepest institutional backing, with FII and DII together holding 45.74% as of June 2026. Domestic institutions increased their holding over the past year in NTPC (from 28.92% to 29.44%), Trent (from 19.98% to 23.33%) and BHEL (from 18.62% to 21.88%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| NTPC | 51.10% | 16.30% | 29.44% | 3.15% | June 2026 |
| Trent | 37.01% | 15.28% | 23.33% | 24.39% | September 2026 |
| BHEL | 58.17% | 9.94% | 21.88% | 10.02% | September 2026 |
| Union Bank | 74.76% | 8.63% | 11.98% | 4.63% | June 2026 |
Risks to Weigh in Nippon India Mutual Fund Stocks
Being careful with Nippon India mutual fund stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Trent trades at a PE of 90.95 against an industry PE of 64.73, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Nippon India Mutual Fund Stocks
Picking from Nippon India mutual fund stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (12.02 to 64.73) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among Nippon India mutual fund stocks, NTPC stands out for the largest market cap at Rs 3,05,632 crore, Trent for the highest return on equity at 24.62%, BHEL for the biggest five-year price gain at 488.34% and Union Bank for the fastest profit growth, 37.80% a year since FY22. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing Nippon India mutual fund stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Nippon India Mutual Fund Stocks to Watch
Which are the best Nippon India mutual fund stocks to watch for multibagger potential?
Ans. NTPC, Trent, BHEL and Union Bank are the 4 names this list highlights, with market caps of Rs 3,05,632 crore, Rs 1,65,038 crore, Rs 1,53,794 crore and Rs 1,31,926 crore respectively. NTPC is notable for the largest market cap at Rs 3,05,632 crore. Trent stands out for the highest return on equity at 24.62%. BHEL offers the biggest five-year price gain at 488.34%. Union Bank brings the fastest profit growth, 37.80% a year since FY22. These are watchlist names for Nippon India mutual fund stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Trent a good stock for long-term investors?
Ans. Trent has a return on equity of 24.62%, a PE of 90.95 against an industry PE of 64.73 and a market cap of Rs 1,65,038 crore. FY26 revenue rose 16.34%, and June 2026 quarter net profit grew 21.98%. Long-term returns in Nippon India mutual fund stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Union Bank become a multibagger from here?
Ans. Union Bank has already gained 249.43% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in Nippon India mutual fund stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 37.80% a year since FY22, and FY26 revenue rose 0.19%. At a PE of 6.39 against an industry PE of 12.02, valuation should be checked against that growth before investing.
What is the market cap of NTPC, Trent, BHEL and Union Bank?
Ans. As of 28 October 2026, NTPC has a market cap of Rs 3,05,632 crore, Trent has a market cap of Rs 1,65,038 crore, BHEL has a market cap of Rs 1,53,794 crore and Union Bank has a market cap of Rs 1,31,926 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on Nippon India mutual fund stocks.
What are the risks of investing in Nippon India mutual fund stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Trent trades at a PE of 90.95 against an industry PE of 64.73, so earnings growth needs to hold up.
Why is Trent trading at a PE of 90.95?
Ans. Trent’s PE of 90.95 compares with an industry PE of 64.73. The market is paying a premium for a return on equity of 24.62%, latest-quarter profit growth of 21.98% and FY26 revenue growth of 16.34%, which also means the stock is more sensitive if growth slows. Investors in Nippon India mutual fund stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in NTPC, Trent, BHEL and Union Bank?
Ans. As of the latest reported quarter, FII and DII together hold 45.74% of NTPC (16.30% and 29.44%), 38.61% of Trent (15.28% and 23.33%), 31.82% of BHEL (9.94% and 21.88%) and 20.61% of Union Bank (8.63% and 11.98%). Rising institutional holding is a useful signal in Nippon India mutual fund stocks, though it should be read with earnings trends rather than on its own.
