HDFC Multi Cap Fund

HDFC Mutual FundEquityPortfolio as of 31 July 2026

HDFC Multi Cap Fund holds 124 instruments (99.39% equity), led by ICICI Bank Limited (3.77%), HDFC Bank Limited (3.63%) and Reliance Industries Limited (2.51%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

124

Equity Allocation

99.39%

AMC

HDFC Mutual Fund

Portfolio Analysis

HDFC Multi Cap Fund's top 10 holdings account for 23.52% of its portfolio, more diversified than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 27.6% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 6 new positions and exited 6 positions, with HDFC Bank Limited seeing the largest move (-0.32pp to 3.63%).

Top 10 Equity Holdings

ICICI Bank Limited · 3.77%HDFC Bank Limited · 3.63%Reliance Industries Limited · 2.51%Axis Bank Limited · 2.32%Bharti Airtel Limited · 2.2%Britannia Industries Limited · 2.18%ETERNAL LIMITED · 1.91%NTPC Limited · 1.75%State Bank of India · 1.65%Larsen & Toubro Limited · 1.6%

What Changed: June 2026 → July 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.

6 new entries6 exits10 increased10 reduced

New Entries

360 ONE WAM LIMITED · 0.58%HDFC Life Insurance Company Limited · 0.53%JUPITER LIFE LINE HOSPITALS · 0.48%TVS Motor Company Limited · 0.25%INDO-MIM LTD · 0.13%SBI FUNDS MANAGEMENT LTD · 0.06%

Complete Exits

SRF Limited · was 0.61%SBI Life Insurance Company Limited · was 0.52%Data Patterns (India) Limited · was 0.29%Jupiter Life Line Hospitals Limited · was 0.14%Kaynes Technology India Limited · was 0.12%Nilkamal Limited · was 0.01%

Biggest Weight Increases

Stock	Weight	Change
ETERNAL LIMITED	1.7% → 1.91%	▲ +0.21
HCL Technologies Limited	0.91% → 1.12%	▲ +0.21
Balkrishna Industries Limited	0.98% → 1.18%	▲ +0.2
Hindustan Aeronautics Limited	0.33% → 0.52%	▲ +0.19
Sona BLW Precision Forgings Limited	0.98% → 1.12%	▲ +0.14
Honeywell Automation India Limited	0.13% → 0.27%	▲ +0.14
MphasiS Limited	0.76% → 0.89%	▲ +0.13
Brigade Enterprises Limited	0.43% → 0.56%	▲ +0.13
Divi's Laboratories Limited	0.61% → 0.74%	▲ +0.13
Persistent Systems Limited	0.54% → 0.67%	▲ +0.13

Biggest Weight Reductions

Stock	Weight	Change
HDFC Bank Limited	3.95% → 3.63%	▼ -0.32
Apar Industries Limited	0.79% → 0.49%	▼ -0.3
Axis Bank Limited	2.59% → 2.32%	▼ -0.27
Oil India Limited	0.72% → 0.51%	▼ -0.21
Bajaj Consumer Care Limited	0.89% → 0.7%	▼ -0.19
Tata Communications Limited	1.32% → 1.15%	▼ -0.17
Wheels India Limited	0.75% → 0.58%	▼ -0.17
Bandhan Bank Limited	0.83% → 0.7%	▼ -0.13
Larsen & Toubro Limited	1.72% → 1.6%	▼ -0.12
Timken India Limited	1.07% → 0.95%	▼ -0.12

Top Holdings — Weight Trend

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

ICICI Bank Limited

3.77%

HDFC Bank Limited

3.63%

Reliance Industries Limited

2.51%

Axis Bank Limited

2.32%

Bharti Airtel Limited

2.2%

Full Portfolio (124 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	3.77%
2	HDFC Bank Limited	Financial Services	3.63%
3	Reliance Industries Limited	Energy	2.51%
4	Axis Bank Limited	Financial Services	2.32%
5	Bharti Airtel Limited	Telecommunication	2.2%
6	Britannia Industries Limited	Consumer Staples	2.18%
7	ETERNAL LIMITED	Consumer Discretionary	1.91%
8	NTPC Limited	Utilities	1.75%
9	State Bank of India	Financial Services	1.65%
10	Larsen & Toubro Limited	Industrials	1.6%
11	Mahindra & Mahindra Limited	Consumer Discretionary	1.37%
12	Shriram Finance Limited	Financial Services	1.31%
13	Kotak Mahindra Bank Limited	Financial Services	1.28%
14	Maruti Suzuki India Limited	Consumer Discretionary	1.27%
15	Alkem Laboratories Limited	Healthcare	1.26%
16	ICICI Lombard General Insurance Company Limited	Financial Services	1.24%
17	PNB Housing Finance Limited	Financial Services	1.23%
18	Balkrishna Industries Limited	Consumer Discretionary	1.18%
19	Tata Communications Limited	Telecommunication	1.15%
20	PB Fintech Limited	Financial Services	1.13%
21	Five-Star Business Finance Limited	Financial Services	1.12%
22	HCL Technologies Limited	Information Technology	1.12%
23	Power Finance Corporation Limited	Financial Services	1.12%
24	Sona BLW Precision Forgings Limited	Consumer Discretionary	1.12%
25	Infosys Limited	Information Technology	1.1%
26	Max Healthcare Institute Limited	Healthcare	1.07%
27	Trent Limited	Consumer Discretionary	1.07%
28	Tata Steel Limited	Materials	1.06%
29	InterGlobe Aviation Limited	Services	1.04%
30	Tata Capital Limited	Financial Services	1.03%
31	Coforge Limited	Information Technology	1%
32	AU Small Finance Bank Limited	Financial Services	0.99%
33	TREPS - Tri-party Repotreps	—	0.99%
34	Prestige Estates Projects Limited	Real Estate	0.98%
35	Timken India Limited	Industrials	0.95%
36	Aster DM Healthcare Limited	Healthcare	0.93%
37	UltraTech Cement Limited	Materials	0.93%
38	ABB India Limited	Industrials	0.92%
39	Endurance Technologies Limited	Consumer Discretionary	0.91%
40	Jubilant Foodworks Limited	Consumer Discretionary	0.91%
41	Lupin Limited	Healthcare	0.91%
42	Hindustan Petroleum Corporation Limited	Energy	0.9%
43	MphasiS Limited	Information Technology	0.89%
44	Mahanagar Gas Limited	Utilities	0.88%
45	Hindustan Unilever Limited	Consumer Staples	0.87%
46	Aadhar Housing Finance Limited	Financial Services	0.84%
47	Havells India Limited	Consumer Discretionary	0.82%
48	Bharat Electronics Limited	Industrials	0.81%
49	Tube Investments of India Limited	Consumer Discretionary	0.81%
50	JSW Dulux Limited	Consumer Discretionary	0.79%
51	Global Health Limited	Healthcare	0.77%
52	Le Travenues Technology Limited	Consumer Discretionary	0.77%
53	Chalet Hotels Limited	Consumer Discretionary	0.76%
54	Divi's Laboratories Limited	Healthcare	0.74%
55	Prudent Corporate Advisory Services Limited	Financial Services	0.74%
56	Max Financial Services Limited	Financial Services	0.73%
57	Supreme Industries Limited	Industrials	0.73%
58	Delhivery Limited	Services	0.72%
59	The Indian Hotels Company Limited	Consumer Discretionary	0.71%
60	Bajaj Consumer Care Limited	Consumer Staples	0.7%
61	Bandhan Bank Limited	Financial Services	0.7%
62	Dixon Technologies (India) Limited	Consumer Discretionary	0.69%
63	Eicher Motors Limited	Consumer Discretionary	0.69%
64	Persistent Systems Limited	Information Technology	0.67%
65	Tata Motors Limited	Industrials	0.67%
66	DOMS Industries Limited	Consumer Staples	0.64%
67	Gabriel India Limited	Consumer Discretionary	0.64%
68	Cholamandalam Financial Holdings Limited	Financial Services	0.63%
69	Devyani International Limited	Consumer Discretionary	0.63%
70	Gland Pharma Limited	Healthcare	0.63%
71	Page Industries Limited	Consumer Discretionary	0.63%
72	Blue Star Limited	Consumer Discretionary	0.62%
73	Praj Industries Limited	Industrials	0.61%
74	Ajanta Pharma Limited	Healthcare	0.59%
75	360 ONE WAM LIMITED	Financial Services	0.58%
76	Escorts Kubota Limited	Consumer Staples	0.58%
77	Wheels India Limited	Consumer Discretionary	0.58%
78	Bharat Forge Limited	Consumer Discretionary	0.56%
79	Brigade Enterprises Limited	Real Estate	0.56%
80	Apollo Tyres Limited	Consumer Discretionary	0.55%
81	Acme Solar Holdings Limited	Utilities	0.54%
82	HDFC Life Insurance Company Limited	Financial Services	0.53%
83	Hindustan Aeronautics Limited	Industrials	0.52%
84	Vesuvius India Limited	Industrials	0.52%
85	Canara HSBC Life Insurance Company Limited	Financial Services	0.51%
86	EIH Limited	Consumer Discretionary	0.51%
87	IPCA Laboratories Limited	Healthcare	0.51%
88	Oil India Limited	Energy	0.51%
89	Apar Industries Limited	Industrials	0.49%
90	JUPITER LIFE LINE HOSPITALS	Healthcare	0.48%
91	Godrej Consumer Products Limited	Consumer Staples	0.47%
92	EMBASSY OFFICE PARKS REIT	Real Estate	0.47%
93	Archean Chemical Industries Limited	Materials	0.46%
94	JK Tyre & Industries Limited	Consumer Discretionary	0.46%
95	Metro Brands Limited	Consumer Discretionary	0.46%
96	Centum Electronics Limited	Industrials	0.45%
97	Eris Lifesciences Limited	Healthcare	0.45%
98	Glenmark Pharmaceuticals Limited	Healthcare	0.45%
99	Whirlpool of India Limited	Consumer Discretionary	0.45%
100	L&T Technology Services Limited	Information Technology	0.44%
101	Sai Life Sciences Limited	Healthcare	0.44%
102	Birla Corporation Limited	Materials	0.42%
103	Vishal Mega Mart Limited	Consumer Discretionary	0.41%
104	Jubilant Ingrevia Limited	Materials	0.39%
105	Multi Commodity Exchange of India Limited	Financial Services	0.39%
106	Zensar Technologies Limited	Information Technology	0.37%
107	JSW Infrastructure Limited	Services	0.35%
108	Carborundum Universal Limited	Industrials	0.33%
109	LTM Limited	Information Technology	0.32%
110	Kalpataru Projects International Limited	Industrials	0.31%
111	Honeywell Automation India Limited	Industrials	0.27%
112	BEML Limited	Industrials	0.26%
113	Gulf Oil Lubricants India Limited	Energy	0.25%
114	TVS Motor Company Limited	Consumer Discretionary	0.25%
115	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.22%
116	Sonata Software Limited	Information Technology	0.2%
117	Cera Sanitaryware Limited	Consumer Discretionary	0.19%
118	Greenply Industries Limited	Consumer Discretionary	0.17%
119	Symphony Limited	Consumer Discretionary	0.15%
120	INDO-MIM LTD	Industrials	0.13%
121	Sagar Cements Limited	Materials	0.11%
122	Medi Assist Healthcare Services Limited	Financial Services	0.07%
123	SBI FUNDS MANAGEMENT LTD	Financial Services	0.06%
124	Net Current Assetsother	—	-0.38%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 3.77% of HDFC Multi Cap Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 3.63% of HDFC Multi Cap Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Reliance Industries Limited is 2.51% of HDFC Multi Cap Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 2.32% of HDFC Multi Cap Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Bharti Airtel Limited is 2.2% of HDFC Multi Cap 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 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.