NPS Trust

Trust

1%+ in 85 companies · ₹4.3L Cr at today’s prices · latest filings Sep 2026

Also filed as: NPS Trust- A/C SBI Pension Fund Scheme - State Govt, NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I, NPS Trust A/C UTI Pension Fund Limited-Scheme State Govt…

As of Sep 2026, NPS Trust is a holder of 1% or more in 85 listed companies, with stakes worth about ₹4.3 lakh crore at current prices. In the latest quarter it added 4 new 1%+ stakes and fell below 1% in 3 companies; it also raised its stake in 51 companies and cut it in 22. Its largest holdings by value are ICICI Bank at 3.53%, HDFC Bank at 3.25% and Reliance Industries at 1.62%.

As of Sep 2026 filingsStakes come from shareholding filings; values use current market prices.How we calculate this

Holdings

Company	Industry	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
ICICI Bank via NPS Trust - A/C LIC Pension Fund Scheme - NPS Tier	Financial Services	–	–	2.76	3.00	3.52	3.10	3.38	3.53	plus 0.15 pp	39,827
HDFC Bank via NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I	Financial Services	–	–	1.93	2.10	2.54	2.77	3.02	3.25	plus 0.23 pp	39,535
Reliance Industries	Oil Gas & Consumable Fuels	–	–	–	1.10	1.29	1.42	1.55	1.62	plus 0.07 pp	28,938
Bharti Airtel via NPS Trust A/C - SBI Pf NPS Jeevan Swarna Retiremen	Telecommunication	–	–	1.24	1.40	1.58	1.77	1.85	1.93	plus 0.08 pp	25,387
State Bank of India via NPS Trust Schemes	Financial Services	–	–	1.63	1.72	1.90	1.99	2.22	2.28	plus 0.06 pp	21,435
Larsen & Toubro via NPS Trust-A/C Tata Pension Fund Management Private	Construction	–	–	2.22	2.46	3.05	3.29	3.45	3.57	plus 0.12 pp	20,226
Axis Bank via NPS TRUST - Through its various Schemes	Financial Services	–	–	2.47	2.54	2.68	2.88	3.29	3.56	plus 0.27 pp	14,667
Bajaj Finance	Financial Services	–	–	–	1.07	1.37	1.59	1.62	1.60	minus 0.02 pp	10,832
Mahindra & Mahindra via NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I With Sub Accounts	Automobile and Auto Components	–	–	1.91	2.02	2.35	2.45	2.48	2.55	plus 0.07 pp	10,065
NTPC via NPS Trust-A/C Tata Pension Fund Management Private Limited Scheme E - Tier II	Power	–	–	2.13	2.14	2.17	2.43	2.87	3.01	plus 0.14 pp	9,441
Sun Pharmaceutical Industries via NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I	Healthcare	–	–	1.37	1.44	1.58	1.77	1.88	1.96	plus 0.08 pp	8,747
Maruti Suzuki India via NPS Trust A/C UTI Pension Fund Limited-Scheme Cent	Automobile and Auto Components	–	–	–	1.08	1.39	1.74	1.90	1.99	plus 0.09 pp	7,977
Titan Company via NPS Trust A/C - LIC Pension Fund Limited - NPS Lite Scheme - Govt. Pattern	Consumer Durables	–	–	–	–	1.31	1.48	1.73	1.79	plus 0.06 pp	7,941
Bharat Electronics via NPS Trust - A/C LIC NPS Sanchay Scheme (Various Schemes)	Capital Goods	–	–	1.64	1.79	2.06	2.11	2.29	2.52	plus 0.23 pp	7,295
Eternal via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Consumer Services	–	–	1.15	1.41	1.59	1.84	1.87	1.88	plus 0.01 pp	6,290
ITC via NPS Trust (various Pension Funds)	Fast Moving Consumer Goods	–	–	1.57	1.58	1.62	1.73	1.75	1.75	0.00 pp	6,210
Hindalco Industries via NPS Trust - A/C LIC Pension Fund Scheme - NPS Tier-II Composite Scheme	Metals & Mining	1.94	<1%	1.80	1.73	2.05	2.32	2.52	2.80	plus 0.28 pp	5,957
Indian Hotels Co. via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Consumer Services	–	1.61	2.34	3.20	4.14	4.54	4.74	4.65	minus 0.09 pp	5,878
Tata Steel via NPS Trust- A/C LIC Pension Fund Scheme - State Govt	Metals & Mining	–	–	1.13	1.36	1.76	1.77	1.89	2.09	plus 0.20 pp	4,857
HCL Technologies	Information Technology	–	–	–	–	1.12	1.19	1.24	1.24	0.00 pp	4,833
CG Power and Industrial Solutions via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Capital Goods	–	–	2.23	2.87	3.45	3.53	3.51	3.65	plus 0.14 pp	4,445
InterGlobe Aviation via NPS Trust A/C UTI Pension Fund Limited-Scheme Central Govt	Services	–	–	1.27	1.85	2.14	1.77	2.05	2.00	minus 0.05 pp	4,235
Torrent Pharmaceuticals	Healthcare	–	–	1.89	2.09	2.44	2.49	2.50	2.32	minus 0.18 pp	4,192
Shriram Finance via NPS TRUST (Under different Sub accounts)	Financial Services	–	–	1.81	1.91	2.18	2.29	1.89	1.80	minus 0.09 pp	4,071
Cholamandalam Investment and Finance Company via NPS Trust - A/C SBI Pension Fund Scheme - NPS Tier	Financial Services	–	–	1.31	1.31	2.56	2.71	2.77	2.65	minus 0.12 pp	4,057
SBI Life Insurance Company via NPS Trust Schemes	Financial Services	–	–	1.13	1.37	1.63	1.88	2.00	2.18	plus 0.18 pp	3,902
Tech Mahindra via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Information Technology	–	–	1.17	1.33	1.47	1.83	1.97	2.15	plus 0.18 pp	3,859
Power Grid Corporation of India via NPS Trust A/C - HDFC Pf NPS Surakshit Income Fund	Power	–	–	1.44	1.40	1.25	1.43	1.54	1.57	plus 0.03 pp	3,795
Eicher Motors via NPS Trust- A/C LIC Pension Fund Scheme - State Govt	Automobile and Auto Components	–	–	–	–	1.13	1.24	1.57	1.73	plus 0.16 pp	3,642
TVS Motor Company	Automobile and Auto Components	–	–	1.09	1.29	1.47	1.59	1.66	1.69	plus 0.03 pp	3,607
Avenue Supermarts via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Consumer Services	–	–	1.03	1.25	1.47	1.46	1.45	1.53	plus 0.08 pp	3,418
Dr. Reddy's Laboratories via NPS Trust-A/C SBI Pension Fund Scheme Tax Saver-Tier 2	Healthcare	–	–	2.25	2.49	2.44	2.77	3.15	2.93	minus 0.22 pp	3,354
HDFC Asset Management Company via NPS Trust A/C	Financial Services	–	–	–	–	2.59	2.88	3.01	2.90	minus 0.11 pp	3,297
Grasim Industries via NPS Trust A/c UTI Pension Fund Limited-Scheme Stat	Construction Materials	–	–	–	–	1.10	1.34	1.44	1.47	plus 0.03 pp	3,218
Bharat Forge via NPS Trust A/C - LIC Pfl NPS Smart Balance Tier I	Automobile and Auto Components	–	–	1.45	1.60	2.32	2.95	3.48	3.76	plus 0.28 pp	3,197
Cummins India via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Capital Goods	–	–	2.27	2.26	2.47	2.62	2.53	2.76	plus 0.23 pp	3,098
Max Healthcare Institute via NPS Trust A/C through various schemes	Healthcare	–	–	1.04	1.95	2.80	3.43	3.45	3.39	minus 0.06 pp	3,082
Bharat Petroleum Corporation via NPS Trust- A/C SBI Pension Fund Pvt Ltd Apy Fund S	Oil Gas & Consumable Fuels	–	–	–	–	1.87	2.01	2.14	2.21	plus 0.07 pp	3,067
Godrej Consumer Products via NPS Trust through various schemes	Fast Moving Consumer Goods	–	–	2.04	2.54	2.60	2.97	3.46	3.46	0.00 pp	3,014
Aurobindo Pharma via NPS Trust A/C - SBI Pension Fund - Ups - Cg Schem	Healthcare	–	–	2.10	2.11	2.23	2.34	2.74	2.80	plus 0.06 pp	2,900
Tata Consumer Products via NPS Trust A/C UTI Pension Fund Limited-Scheme State Govt	Fast Moving Consumer Goods	–	–	1.07	1.25	1.73	2.35	2.41	2.59	plus 0.18 pp	2,785
Mankind Pharma via NPS Trust- A/C LIC Pension Fund Scheme - State Gov	Healthcare	–	–	1.59	2.08	2.61	2.77	2.77	2.65	minus 0.12 pp	2,780
Trent via NPS Trust A/C - UTI Pf Dynamic Asset Allocator NPS Scheme Tier II	Consumer Services	–	–	–	1.38	1.54	1.55	1.69	1.67	minus 0.02 pp	2,742
Hero MotoCorp via NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I	Automobile and Auto Components	–	–	2.40	2.65	2.48	2.33	2.15	2.48	plus 0.33 pp	2,737
Bharat Heavy Electricals	Capital Goods	–	–	1.62	1.62	1.78	1.55	1.62	1.86	plus 0.24 pp	2,712
Bank of Baroda via NPS Trust A/C LIC Pension Fund Scheme	Financial Services	–	–	–	1.12	1.68	1.91	2.32	2.07	minus 0.25 pp	2,679
Lenskart Solutions via NPS Trust- A/C Kotak Pension Fund Scheme E - Tier I	Consumer Services	–	–	–	–	–	–	1.36	2.04	plus 0.68 pp	2,561
Lupin via NPS Trust- A/C ICICI Pension Fund Scheme E - Tier I	Healthcare	–	–	1.48	1.47	1.94	2.22	2.75	2.63	minus 0.12 pp	2,391
UNO Minda via NPS Trust- A/C SBI Pension Fund Scheme - Central Govt	Automobile and Auto Components	–	–	–	–	1.27	2.24	3.07	3.12	plus 0.05 pp	2,389
Voltas via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Consumer Durables	–	–	–	4.91	4.90	5.49	5.79	6.09	plus 0.30 pp	2,215
Siemens via NPS Trust- A/C LIC Pension Fund Scheme	Capital Goods	–	–	–	1.26	1.61	1.58	1.66	1.66	0.00 pp	2,105
Samvardhana Motherson International via NPS Trust- A/C LIC Pension Fund Scheme E - Tier I	Automobile and Auto Components	–	–	–	–	–	–	1.13	1.23	plus 0.10 pp	2,073
Cipla via NPS Trust -A/C LIC Pension Fund Limited Apy Fund S	Healthcare	–	–	1.41	1.35	1.51	1.69	1.71	1.79	plus 0.08 pp	2,040
Dixon Technologies (India) via NPS Trust A/C UTI Pension Fund Limited-Scheme Cent	Consumer Durables	–	–	–	–	1.83	2.34	2.24	2.53	plus 0.29 pp	1,954
ICICI Lombard General Insurance Company	Financial Services	–	–	1.14	1.56	1.98	2.33	2.46	2.34	minus 0.12 pp	1,928
PB Fintech via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Financial Services	–	–	2.95	3.53	3.95	4.17	4.17	4.28	plus 0.11 pp	1,913
Tata Motors via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Capital Goods	–	–	–	–	–	–	–	1.21	New	1,896
Varun Beverages via NPS Trust A/C - SBI Pf NPS Jeevan Swarna Retirement	Fast Moving Consumer Goods	–	–	1.02	<1%	1.04	1.13	1.16	1.27	plus 0.11 pp	1,882
Ambuja Cements via NPS Trust A/C - SBI Pf NPS Jeevan Swarna Retirement Yojana-Life's Golden Plan Tier I	Construction Materials	–	–	1.65	1.82	2.00	2.01	1.86	1.86	0.00 pp	1,805
Tata Power Co. via NPS Trust- A/C LIC Pension Fund Scheme - State Govt	Power	–	–	–	–	–	–	1.45	1.56	plus 0.11 pp	1,757
LTM via NPS Trust A/C UTI Pension Fund Limited-Scheme State Govt	Information Technology	–	–	–	–	–	1.08	1.19	1.30	plus 0.11 pp	1,672
HDFC Life Insurance Company	Financial Services	–	–	–	–	–	–	1.18	1.29	plus 0.11 pp	1,584
Jindal Steel via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Metals & Mining	–	–	–	1.12	1.27	1.38	1.39	1.32	minus 0.07 pp	1,565
Ashok Leyland via NPS TRUST (Under different sub accounts)	Capital Goods	–	–	–	–	–	–	1.18	1.44	plus 0.26 pp	1,456
Page Industries via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Textiles	–	–	2.50	3.54	3.79	3.79	3.54	3.59	plus 0.05 pp	1,439
Torrent Power via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Power	–	–	–	–	1.31	1.65	1.57	2.04	plus 0.47 pp	1,307
Federal Bank via NPS Trust - A/C LIC NPS Sanchay Scheme	Financial Services	–	–	–	1.05	<1%	<1%	1.28	1.42	plus 0.14 pp	1,193
Persistent Systems via NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I	Information Technology	–	–	–	–	–	1.00	1.25	1.17	minus 0.08 pp	1,168
Britannia Industries via NPS Trust-A/C Aditya Birla Sun Life Pension Fund M	Fast Moving Consumer Goods	–	–	–	–	–	–	–	1.01	New	1,164
SRF via NPS Trust A/C - LIC Pension Fund - Ups Pool Cg Sc	Chemicals	–	–	–	–	1.21	1.43	1.42	1.58	plus 0.16 pp	1,152
Info Edge (India) via NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I	Consumer Services	–	–	–	1.12	1.30	1.47	1.47	1.47	0.00 pp	1,135
REC via NPS Trust-A/C LIC Pension Fund Scheme - State Govt	Financial Services	–	–	1.39	1.47	1.59	1.59	1.55	1.36	minus 0.19 pp	1,062
Oil India via NPS Trust A/C UTI Pension Fund Limited-Scheme Atal	Oil Gas & Consumable Fuels	–	–	1.10	1.45	1.51	1.21	1.16	1.42	plus 0.26 pp	1,025
Supreme Industries via NPS Trust- A/C SBI Pension Fund Scheme E - Tier I	Capital Goods	–	–	2.14	2.47	2.91	2.86	2.47	2.36	minus 0.11 pp	947
Alkem Laboratories via NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I	Healthcare	–	–	1.14	1.04	1.18	1.33	1.46	<1%	plus 0.13 pp	925
Prestige Estates Projects via NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier II	Realty	–	–	1.62	1.69	1.71	1.39	1.20	1.15	minus 0.05 pp	807
Dabur India via NPS Trust- A/C LIC Pension Fund Scheme E - Tier I	Fast Moving Consumer Goods	–	–	1.27	1.20	1.25	1.27	1.26	1.18	minus 0.08 pp	796
Container Corporation of India via NPS Trust-A/C LIC Pension Fund Scheme Tax Saver-Tier 2	Services	–	–	3.58	3.50	3.13	3.08	2.60	2.22	minus 0.38 pp	744
Coromandel International via NPS Trust Ac UTI Pension Fund Limited Scheme	Chemicals	–	–	–	–	–	1.12	1.33	1.38	plus 0.05 pp	741
APL Apollo Tubes via NPS Trust A/C - Tata Pension Fund - NPS Vatsalya Scheme	Capital Goods	–	–	–	–	1.02	<1%	1.10	1.02	minus 0.08 pp	619
Bharat Dynamics via NPS Trust- A/C SBI Pension Fund Scheme - State Govt	Capital Goods	–	–	–	1.41	1.64	1.65	1.51	1.51	0.00 pp	587
MRF via NPS Trust A/C - SBI Pension Found Through Its Various Accounts	Automobile and Auto Components	–	–	–	–	–	–	–	1.10	New	585
Vishal Mega Mart via NPS Trust- A/C SBI Pension Fund Scheme E - Tier I	Consumer Services	–	–	–	–	–	–	1.05	1.26	plus 0.21 pp	555
Tube Investments of India via NPS Trust A/C - HDFC Pf NPS Surakshit Income Fund	Automobile and Auto Components	–	–	–	–	–	1.02	<1%	1.02	0.00 pp	428
PI Industries via NPS Trust A/C UTI Pension Fund Limited-Scheme Cent	Chemicals	–	–	–	–	–	–	–	1.14	New	300

Public holdings are disclosed only at 1% or more, so a stake that falls below 1% shows as exited. Fund houses show the total of their schemes that hold 1% or more.