HDFC Multi Cap Fund

HDFC Mutual FundEquityPortfolio as of 31 August 2026

HDFC Multi Cap Fund holds 127 instruments (98.75% equity), led by ICICI Bank Limited (3.8%), HDFC Bank Limited (3.43%) and Axis Bank Limited (2.45%), as of its 31 August 2026 SEBI-mandated monthly disclosure.

Holdings

127

Equity Allocation

98.75%

AMC

HDFC Mutual Fund

Portfolio Analysis

HDFC Multi Cap Fund's top 10 holdings account for 23.34% of its portfolio, more diversified than the Equity category average of 37%. Financial Services is its largest sector exposure at 28.5% of net assets, spread across 12 sectors in total. Since its 31 July 2026 disclosure, the fund added 3 new positions and exited 2 positions, with Larsen & Toubro Limited seeing the largest move (-0.67pp to 0.93%).

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.

Financial Services

28.5%

Consumer Discretionary

22.54%

Industrials

9.39%

Healthcare

9.37%

Information Technology

Consumer Staples

4.95%

Energy

4.09%

Materials

3.21%

Telecommunication

3.15%

Utilities

3.08%

Services

2.38%

Real Estate

2.09%

Other

1.25%

Top 10 Equity Holdings

ICICI Bank Limited · 3.8%HDFC Bank Limited · 3.43%Axis Bank Limited · 2.45%Reliance Industries Limited · 2.44%Britannia Industries Limited · 2.11%ETERNAL LIMITED · 2.07%Bharti Airtel Limited · 2.02%State Bank of India · 1.85%NTPC Limited · 1.65%Kotak Mahindra Bank Limited · 1.52%

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.

3 new entries2 exits10 increased10 reduced

New Entries

Rubicon Research Limited · 0.39%SHIPROCKET LTD · 0.27%Lenskart Solutions Limited · 0.16%

Complete Exits

Page Industries Limited · was 0.63%Crompton Greaves Consumer Electricals Limited · was 0.22%

Biggest Weight Increases

Stock	Weight	Change
PB Fintech Limited	1.13% → 1.43%	▲ +0.3
SBI FUNDS MANAGEMENT LTD	0.06% → 0.32%	▲ +0.26
Kotak Mahindra Bank Limited	1.28% → 1.52%	▲ +0.24
State Bank of India	1.65% → 1.85%	▲ +0.2
ETERNAL LIMITED	1.91% → 2.07%	▲ +0.16
Coforge Limited	1% → 1.15%	▲ +0.15
Honeywell Automation India Limited	0.27% → 0.4%	▲ +0.13
JUPITER LIFE LINE HOSPITALS	0.48% → 0.61%	▲ +0.13
Axis Bank Limited	2.32% → 2.45%	▲ +0.13
Devyani International Limited	0.63% → 0.76%	▲ +0.13

Biggest Weight Reductions

Stock	Weight	Change
Larsen & Toubro Limited	1.6% → 0.93%	▼ -0.67
Glenmark Pharmaceuticals Limited	0.45% → 0.04%	▼ -0.41
Bajaj Consumer Care Limited	0.7% → 0.44%	▼ -0.26
Power Finance Corporation Limited	1.12% → 0.89%	▼ -0.23
Infosys Limited	1.1% → 0.88%	▼ -0.22
HDFC Bank Limited	3.63% → 3.43%	▼ -0.2
Bharti Airtel Limited	2.2% → 2.02%	▼ -0.18
Trent Limited	1.07% → 0.93%	▼ -0.14
Dixon Technologies (India) Limited	0.69% → 0.56%	▼ -0.13
EIH Limited	0.51% → 0.4%	▼ -0.11

Top Holdings — Weight Trend

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

ICICI Bank Limited

3.8%

HDFC Bank Limited

3.43%

Axis Bank Limited

2.45%

Reliance Industries Limited

2.44%

Britannia Industries Limited

2.11%

Full Portfolio (127 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	3.8%
2	HDFC Bank Limited	Financial Services	3.43%
3	Axis Bank Limited	Financial Services	2.45%
4	Reliance Industries Limited	Energy	2.44%
5	Britannia Industries Limited	Consumer Staples	2.11%
6	ETERNAL LIMITED	Consumer Discretionary	2.07%
7	Bharti Airtel Limited	Telecommunication	2.02%
8	State Bank of India	Financial Services	1.85%
9	NTPC Limited	Utilities	1.65%
10	Kotak Mahindra Bank Limited	Financial Services	1.52%
11	PB Fintech Limited	Financial Services	1.43%
12	PNB Housing Finance Limited	Financial Services	1.34%
13	Mahindra & Mahindra Limited	Consumer Discretionary	1.32%
14	Maruti Suzuki India Limited	Consumer Discretionary	1.2%
15	Shriram Finance Limited	Financial Services	1.2%
16	ICICI Lombard General Insurance Company Limited	Financial Services	1.19%
17	Sona BLW Precision Forgings Limited	Consumer Discretionary	1.17%
18	Alkem Laboratories Limited	Healthcare	1.16%
19	Coforge Limited	Information Technology	1.15%
20	Tata Communications Limited	Telecommunication	1.13%
21	Balkrishna Industries Limited	Consumer Discretionary	1.09%
22	Five-Star Business Finance Limited	Financial Services	1.09%
23	HCL Technologies Limited	Information Technology	1.09%
24	InterGlobe Aviation Limited	Services	1.05%
25	AU Small Finance Bank Limited	Financial Services	1.03%
26	Jubilant Foodworks Limited	Consumer Discretionary	1.03%
27	Tata Capital Limited	Financial Services	1.03%
28	Tata Steel Limited	Materials	1.03%
29	Max Healthcare Institute Limited	Healthcare	1.01%
30	Prestige Estates Projects Limited	Real Estate	0.99%
31	ABB India Limited	Industrials	0.96%
32	Endurance Technologies Limited	Consumer Discretionary	0.95%
33	Timken India Limited	Industrials	0.95%
34	Larsen & Toubro Limited	Industrials	0.93%
35	Trent Limited	Consumer Discretionary	0.93%
36	MphasiS Limited	Information Technology	0.92%
37	Power Finance Corporation Limited	Financial Services	0.89%
38	UltraTech Cement Limited	Materials	0.89%
39	Infosys Limited	Information Technology	0.88%
40	JSW Dulux Limited	Consumer Discretionary	0.88%
41	Aster DM Healthcare Limited	Healthcare	0.86%
42	Bharat Electronics Limited	Industrials	0.86%
43	Divi's Laboratories Limited	Healthcare	0.86%
44	Chalet Hotels Limited	Consumer Discretionary	0.85%
45	Hindustan Petroleum Corporation Limited	Energy	0.84%
46	Mahanagar Gas Limited	Utilities	0.84%
47	Lupin Limited	Healthcare	0.82%
48	Prudent Corporate Advisory Services Limited	Financial Services	0.82%
49	Tube Investments of India Limited	Consumer Discretionary	0.82%
50	Global Health Limited	Healthcare	0.81%
51	Havells India Limited	Consumer Discretionary	0.81%
52	Hindustan Unilever Limited	Consumer Staples	0.81%
53	TREPS - Tri-party Repotreps	—	0.8%
54	Aadhar Housing Finance Limited	Financial Services	0.79%
55	Devyani International Limited	Consumer Discretionary	0.76%
56	Max Financial Services Limited	Financial Services	0.76%
57	Le Travenues Technology Limited	Consumer Discretionary	0.75%
58	Supreme Industries Limited	Industrials	0.75%
59	Gland Pharma Limited	Healthcare	0.72%
60	Tata Motors Limited	Industrials	0.72%
61	The Indian Hotels Company Limited	Consumer Discretionary	0.71%
62	Eicher Motors Limited	Consumer Discretionary	0.69%
63	Delhivery Limited	Services	0.68%
64	Persistent Systems Limited	Information Technology	0.68%
65	Cholamandalam Financial Holdings Limited	Financial Services	0.67%
66	Praj Industries Limited	Industrials	0.67%
67	Blue Star Limited	Consumer Discretionary	0.66%
68	Bandhan Bank Limited	Financial Services	0.65%
69	Gabriel India Limited	Consumer Discretionary	0.64%
70	Brigade Enterprises Limited	Real Estate	0.63%
71	DOMS Industries Limited	Consumer Staples	0.63%
72	Ajanta Pharma Limited	Healthcare	0.61%
73	JUPITER LIFE LINE HOSPITALS	Healthcare	0.61%
74	360 ONE WAM LIMITED	Financial Services	0.6%
75	Apar Industries Limited	Industrials	0.6%
76	Acme Solar Holdings Limited	Utilities	0.59%
77	HDFC Life Insurance Company Limited	Financial Services	0.58%
78	IPCA Laboratories Limited	Healthcare	0.57%
79	Apollo Tyres Limited	Consumer Discretionary	0.56%
80	Dixon Technologies (India) Limited	Consumer Discretionary	0.56%
81	Escorts Kubota Limited	Consumer Staples	0.56%
82	Wheels India Limited	Consumer Discretionary	0.55%
83	Bharat Forge Limited	Consumer Discretionary	0.54%
84	Canara HSBC Life Insurance Company Limited	Financial Services	0.54%
85	Oil India Limited	Energy	0.54%
86	Hindustan Aeronautics Limited	Industrials	0.53%
87	Multi Commodity Exchange of India Limited	Financial Services	0.49%
88	Sai Life Sciences Limited	Healthcare	0.48%
89	Vesuvius India Limited	Industrials	0.47%
90	EMBASSY OFFICE PARKS REIT	Real Estate	0.47%
91	Whirlpool of India Limited	Consumer Discretionary	0.46%
92	Bajaj Consumer Care Limited	Consumer Staples	0.44%
93	Centum Electronics Limited	Industrials	0.44%
94	L&T Technology Services Limited	Information Technology	0.44%
95	Eris Lifesciences Limited	Healthcare	0.43%
96	JK Tyre & Industries Limited	Consumer Discretionary	0.43%
97	Vishal Mega Mart Limited	Consumer Discretionary	0.43%
98	Archean Chemical Industries Limited	Materials	0.42%
99	Birla Corporation Limited	Materials	0.41%
100	Metro Brands Limited	Consumer Discretionary	0.41%
101	EIH Limited	Consumer Discretionary	0.4%
102	Godrej Consumer Products Limited	Consumer Staples	0.4%
103	Honeywell Automation India Limited	Industrials	0.4%
104	Rubicon Research Limited	Healthcare	0.39%
105	JSW Infrastructure Limited	Services	0.38%
106	Jubilant Ingrevia Limited	Materials	0.36%
107	Carborundum Universal Limited	Industrials	0.34%
108	Kalpataru Projects International Limited	Industrials	0.34%
109	LTM Limited	Information Technology	0.33%
110	Zensar Technologies Limited	Information Technology	0.33%
111	SBI FUNDS MANAGEMENT LTD	Financial Services	0.32%
112	BEML Limited	Industrials	0.29%
113	Gulf Oil Lubricants India Limited	Energy	0.27%
114	SHIPROCKET LTD	Services	0.27%
115	TVS Motor Company Limited	Consumer Discretionary	0.25%
116	6.94% Central Government Securitiesbond	—	0.24%
117	Net Current Assetsother	—	0.21%
118	Cera Sanitaryware Limited	Consumer Discretionary	0.18%
119	Sonata Software Limited	Information Technology	0.18%
120	Greenply Industries Limited	Consumer Discretionary	0.17%
121	Lenskart Solutions Limited	Consumer Discretionary	0.16%
122	INDO-MIM LTD	Industrials	0.14%
123	Symphony Limited	Consumer Discretionary	0.11%
124	Sagar Cements Limited	Materials	0.1%
125	Glenmark Pharmaceuticals Limited	Healthcare	0.04%
126	Medi Assist Healthcare Services Limited	Financial Services	0.03%
127	Trent Ltdother	—	0%

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Frequently Asked Questions

Yes. As of its 31 August 2026 disclosure, ICICI Bank Limited is 3.8% of HDFC Multi Cap Fund's net assets — its number 1 holding.

Yes. As of its 31 August 2026 disclosure, HDFC Bank Limited is 3.43% of HDFC Multi Cap Fund's net assets — its number 2 holding.

Yes. As of its 31 August 2026 disclosure, Axis Bank Limited is 2.45% of HDFC Multi Cap Fund's net assets — its number 3 holding.

Yes. As of its 31 August 2026 disclosure, Reliance Industries Limited is 2.44% of HDFC Multi Cap Fund's net assets — its number 4 holding.

Yes. As of its 31 August 2026 disclosure, Britannia Industries Limited is 2.11% 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 August 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.