Holdings in SIP (Systematic Investment Plan) refers to the securities (equities, debt instruments, or both) in which the fund manager of your mutual fund scheme (where you are investing through SIP mode instead of lumpsum investment) is investing. The holdings can include all kinds of assets such as stocks, money market instruments, bonds, options, futures, ETFs, and many more. Holdings in an SIP mutual fund is most commonly shown as a percentage of NAV (Net Assets Value) or value of Indian rupee.