HDFC Multi-Asset Allocation Fund

HDFC Mutual FundHybridPortfolio as of 31 August 2026

HDFC Multi-Asset Allocation Fund holds 122 instruments (68.67% equity), led by Reliance Industries Limited (5.01%), ICICI Bank Limited (5%) and HDFC Bank Limited (4.11%), as of its 31 August 2026 SEBI-mandated monthly disclosure.

Holdings
122
Equity Allocation
68.67%
AMC
HDFC Mutual Fund
Category
Hybrid

This page shows the complete disclosed portfolio of HDFC Multi-Asset Allocation Fund, managed by HDFC Mutual Fund, based on its monthly portfolio disclosure dated 31 August 2026. The fund holds 122 instruments with an equity allocation of 68.67%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

HDFC Multi-Asset Allocation Fund's top 10 holdings account for 29.17% of its portfolio, in line with the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 21.51% of net assets, spread across 12 sectors in total. Since its 31 July 2026 disclosure, the fund added 0 new positions and exited 1 position, with Bharti Airtel Limited seeing the largest move (-0.29pp to 3%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Other
31.33%
Financial Services
21.51%
Consumer Discretionary
10.71%
Healthcare
7.26%
Energy
6.24%
Information Technology
4.45%
Telecommunication
3.64%
Utilities
3.25%
Services
2.65%
Industrials
2.38%
Consumer Staples
2.31%
Materials
2.3%
Real Estate
1.97%

Top 10 Equity Holdings

What Changed: July 2026 → August 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

1 exit4 increased7 reduced

Biggest Weight Increases

StockWeightChange
Divi's Laboratories Limited1.35% → 1.57%▲ +0.22
Kotak Mahindra Bank Limited2.35% → 2.5%▲ +0.15
JINDAL STEEL LIMITED0.28% → 0.4%▲ +0.12
Axis Bank Limited2.47% → 2.59%▲ +0.12

Biggest Weight Reductions

StockWeightChange
Bharti Airtel Limited3.29% → 3%▼ -0.29
HDFC Bank Limited4.38% → 4.11%▼ -0.27
ETERNAL LIMITED1.27% → 1.09%▼ -0.18
Reliance Industries Limited5.18% → 5.01%▼ -0.17
Godrej Consumer Products Limited0.81% → 0.67%▼ -0.14
NTPC Limited1.95% → 1.82%▼ -0.13
Maruti Suzuki India Limited1.88% → 1.77%▼ -0.11

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Mar – Aug 2026).

Mar: 5.72%, Apr: 5.75%, May: 5.31%, Jun: 5.21%, Jul: 5.18%, Aug: 5.01%
5.01%
Mar: 4.29%, Apr: 4.37%, May: 4.42%, Jun: 4.85%, Jul: 4.98%, Aug: 5%
5%
Mar: 4.27%, Apr: 4.39%, May: 4.24%, Jun: 4.75%, Jul: 4.38%, Aug: 4.11%
4.11%
Mar: 2.35%, Apr: 2.35%, May: 3.1%, Jun: 3.14%, Jul: 3.29%, Aug: 3%
3%
Mar: 2.09%, Apr: 2.37%, May: 2.4%, Jun: 2.75%, Jul: 2.47%, Aug: 2.59%
2.59%

Full Portfolio (122 holdings)

#HoldingSector% to NAV
1HDFC Gold ETF - Growth Optionmf—11.77%
2Reliance Industries LimitedEnergy5.01%
3ICICI Bank LimitedFinancial Services5%
4HDFC Bank LimitedFinancial Services4.11%
5TREPS - Tri-party Repotreps—3.99%
6Bharti Airtel LimitedTelecommunication3%
7Axis Bank LimitedFinancial Services2.59%
8Kotak Mahindra Bank LimitedFinancial Services2.5%
9HDFC Silver ETF - Growth Optionmf—1.85%
10NTPC LimitedUtilities1.82%
11Sun Pharmaceutical Industries LimitedHealthcare1.8%
12Maruti Suzuki India LimitedConsumer Discretionary1.77%
13Divi's Laboratories LimitedHealthcare1.57%
14Net Current Assetsother—1.55%
15Infosys LimitedInformation Technology1.41%
16Tata Consultancy Services LimitedInformation Technology1.39%
17State Bank of IndiaFinancial Services1.32%
18InterGlobe Aviation LimitedServices1.3%
198.05% Muthoot Finance Limited 2027bond—1.24%
20Bajaj Finserv LimitedFinancial Services1.22%
21Larsen & Toubro LimitedIndustrials1.21%
22Mahindra & Mahindra LimitedConsumer Discretionary1.21%
237.18% Government of India (MD )bond—1.17%
24Hyundai Motor India LimitedConsumer Discretionary1.1%
25ETERNAL LIMITEDConsumer Discretionary1.09%
26Power Grid Corporation of India LimitedUtilities0.99%
27Dr. Lal Path Labs Ltd.Healthcare0.9%
28Hero MotoCorp LimitedConsumer Discretionary0.9%
29HCL Technologies LimitedInformation Technology0.87%
30SBI Life Insurance Company LimitedFinancial Services0.87%
31Havells India LimitedConsumer Discretionary0.83%
32Mahindra & Mahindra Financial Services Ltd (3M Tbill + 210bps)tbill—0.83%
338.42% Muthoot Finance Limited 2029 (FRN)bond—0.82%
34ICICI Lombard General Insurance Company LimitedFinancial Services0.78%
35Cipla LimitedHealthcare0.77%
36HDFC Life Insurance Company LimitedFinancial Services0.72%
37City Union Bank LimitedFinancial Services0.71%
38Bajaj Auto LimitedConsumer Discretionary0.7%
39Eicher Motors LimitedConsumer Discretionary0.7%
40Apollo Hospitals Enterprise LimitedHealthcare0.69%
41Oil & Natural Gas Corporation LimitedEnergy0.69%
42Godrej Consumer Products LimitedConsumer Staples0.67%
43Jubilant Foodworks LimitedConsumer Discretionary0.66%
44EMBASSY OFFICE PARKS REITReal Estate0.65%
45Indus Towers LimitedTelecommunication0.64%
46ITC LimitedConsumer Staples0.64%
47Lupin LimitedHealthcare0.63%
487.10% Central Government Securitiesbond—0.59%
49United Spirits LimitedConsumer Staples0.57%
50BROOKFIELD INDIA REAL ESTATEReal Estate0.57%
51State Bank of India (Tier 2 - Basel III)^bond—0.57%
52Tata Motors LimitedIndustrials0.55%
53Tata Steel LimitedMaterials0.55%
54Bharat Petroleum Corporation LimitedEnergy0.54%
55Tech Mahindra LimitedInformation Technology0.54%
56TCPL Packaging LimitedIndustrials0.49%
57Bajaj Finance LimitedFinancial Services0.45%
58CREDITACCESS GRAMEEN LIMITEDFinancial Services0.45%
59Balkrishna Industries LimitedConsumer Discretionary0.42%
60Hindustan Unilever LimitedConsumer Staples0.42%
61SMFG India Credit Company Ltd^bond—0.42%
62Ambuja Cements LimitedMaterials0.41%
63Aptus Value Housing Finance India LimitedFinancial Services0.41%
649.33% 360 One Prime Limited 2028 (FRN)bond—0.41%
65LIC Housing Finance Ltd.^bond—0.41%
667.87% LIC Housing Finance Limitedbond—0.41%
677.57% LIC Hsg Fin NCD Tr 447 Op I (MD )bond—0.41%
68Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited)^bond—0.41%
69JINDAL STEEL LIMITEDMaterials0.4%
70Paradeep Phosphates LimitedMaterials0.4%
71Punjab National Bank^bond—0.4%
72Union Bank of India (MD )bond—0.4%
73Delhivery LimitedServices0.38%
74Gland Pharma LimitedHealthcare0.38%
75IPCA Laboratories LimitedHealthcare0.37%
76NEXUS SELECT TRUSTReal Estate0.36%
77Hindalco Industries LimitedMaterials0.34%
78Blue Dart Express LimitedServices0.33%
79Cholamandalam Investment & Finance Co. Ltd.^bond—0.33%
80Suprajit Engineering LimitedConsumer Discretionary0.29%
81Titan Company LimitedConsumer Discretionary0.29%
82Whirlpool of India LimitedConsumer Discretionary0.29%
83Orient Electric LimitedConsumer Discretionary0.27%
84POWERGRID INFRASTRUCTURE INVUtilities0.27%
857.10% Central Government Securitiesbond—0.25%
867.17% Government Securities - 17/04/20230bond—0.25%
877.23% Central Government Securitiesbond—0.25%
887.38% Central Government Securitiesbond—0.25%
898.95% Bharti Telecom Ltd. (MD )bond—0.25%
907.83% Small Industries Development Bank of India (MD )bond—0.25%
91Sonata Software LimitedInformation Technology0.24%
92Star Health and Allied Insurance Company LimitedFinancial Services0.24%
93Prestige Estates Projects LimitedReal Estate0.23%
94Gateway Distriparks LimitedServices0.22%
95Bayer Cropscience LimitedMaterials0.2%
96Transport Corporation of India LimitedServices0.2%
97CIE Automotive India LimitedConsumer Discretionary0.19%
98The Great Eastern Shipping Company LimitedServices0.19%
99Indraprastha Gas LimitedUtilities0.17%
1006.94% Central Government Securitiesbond—0.17%
1017.06% Government of India (MD )bond—0.17%
102HDFC Bank Ltd.£^bond—0.17%
1037.64% National Bank for Agriculture and Rural Development (MD )bond—0.17%
104NCD SMALL INDUSTRIES DEVELOPMENT BANK OF INDIAbond—0.16%
105CUBE HIGHWAYS TRUSTReal Estate0.16%
106BANK OF BARODA CD REDbond—0.16%
107Biocon LimitedHealthcare0.15%
108UTI Asset Management Company LimitedFinancial Services0.14%
109G R Infraprojects LimitedIndustrials0.13%
1107.70% National Bank for Agriculture and Rural Development (MD )bond—0.12%
111Pipeline Infrastructure Pvt. Ltd.^bond—0.1%
1126.54% Government of India (MD )bond—0.08%
1137.34% Central Government Securitiesbond—0.08%
114Bank of Baroda (Tier 2 - Basel III)^bond—0.08%
115National Bank for Agri & Rural Dev.^bond—0.08%
116Power Finance Corporation Ltd.^bond—0.08%
1177.44% Power Finance Corporation Ltd. (MD )bond—0.08%
1187.35% REC Ltd. (MD )bond—0.08%
1197.80% National Bank for Agriculture and Rural Development (MD )bond—0.04%
1207.18% Government Securitiesbond—0.03%
121RAAJMARG INFRA INVESTMENT TRServices0.03%
122Kwality Wall's (India) LimitedConsumer Staples0.01%

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Frequently Asked Questions

Yes. As of its 31 August 2026 disclosure, Reliance Industries Limited is 5.01% of HDFC Multi-Asset Allocation Fund's net assets — its number 1 holding.
Yes. As of its 31 August 2026 disclosure, ICICI Bank Limited is 5% of HDFC Multi-Asset Allocation Fund's net assets — its number 2 holding.
Yes. As of its 31 August 2026 disclosure, HDFC Bank Limited is 4.11% of HDFC Multi-Asset Allocation Fund's net assets — its number 3 holding.
Yes. As of its 31 August 2026 disclosure, Bharti Airtel Limited is 3% of HDFC Multi-Asset Allocation Fund's net assets — its number 4 holding.
Yes. As of its 31 August 2026 disclosure, Axis Bank Limited is 2.59% of HDFC Multi-Asset Allocation Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: HDFC Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 August 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.