HSBC Multi Cap Fund

HSBC Mutual FundEquityPortfolio as of 30 June 2026

HSBC Multi Cap Fund holds 100 instruments (98.38% equity), led by HDFC Bank Limited (3.46%), The Federal Bank Limited (2.61%) and ICICI Bank Limited (2.39%), as of its 30 June 2026 SEBI-mandated monthly disclosure.

Holdings

100

Equity Allocation

98.38%

AMC

HSBC Mutual Fund

Portfolio Analysis

HSBC Multi Cap Fund's top 10 holdings account for 22.53% of its portfolio, more diversified than the Equity category average of 37.5%. Industrials is its largest sector exposure at 26.81% of net assets, spread across 12 sectors in total. Since its 31 May 2026 disclosure, the fund added 5 new positions and exited 6 positions, with Hindalco Industries Limited seeing the largest move (-1.1pp to 0.67%).

Top 10 Equity Holdings

HDFC Bank Limited · 3.46%The Federal Bank Limited · 2.61%ICICI Bank Limited · 2.39%Reliance Industries Limited · 2.2%State Bank of India · 2.08%Apar Industries Limited · 2.03%GE Vernova T&D India Limited · 2.01%TD Power Systems Limited · 1.93%Thangamayil Jewellery Limited · 1.92%Navin Fluorine International Limited · 1.9%

What Changed: May 2026 → June 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.

5 new entries6 exits10 increased10 reduced

New Entries

Paras Defence and Space Technologies Limited · 1.31%Happy Forgings Limited · 1.28%Tata Motors Limited · 0.99%Bharat Forge Limited · 0.76%Trent Limited · 0.55%

Complete Exits

Tata Steel Limited · was 1.01%Oil India Limited · was 0.74%Kaynes Technology India Limited · was 0.38%Swiggy Limited · was 0.24%VRL Logistics Limited · was 0.17%Hindustan Foods Limited · was 0.12%

Biggest Weight Increases

Stock	Weight	Change
Thangamayil Jewellery Limited	1.33% → 1.92%	▲ +0.59
ICICI Bank Limited	1.83% → 2.39%	▲ +0.56
JSW Steel Limited	0.51% → 0.9%	▲ +0.39
HDFC Bank Limited	3.16% → 3.46%	▲ +0.3
Senores Pharmaceuticals Limited	0.49% → 0.78%	▲ +0.29
Thermax Limited	0.52% → 0.81%	▲ +0.29
Apar Industries Limited	1.79% → 2.03%	▲ +0.24
The Federal Bank Limited	2.41% → 2.61%	▲ +0.2
Larsen & Toubro Limited	1.61% → 1.8%	▲ +0.19
Siemens Energy India Limited	0.82% → 0.99%	▲ +0.17

Biggest Weight Reductions

Stock	Weight	Change
Hindalco Industries Limited	1.77% → 0.67%	▼ -1.1
BSE Limited	2.23% → 1.51%	▼ -0.72
Reliance Industries Limited	2.87% → 2.2%	▼ -0.67
Hindustan Unilever Limited	1.12% → 0.48%	▼ -0.64
TD Power Systems Limited	2.54% → 1.93%	▼ -0.61
Mtar Technologies Limited	1.94% → 1.53%	▼ -0.41
GE Vernova T&D India Limited	2.29% → 2.01%	▼ -0.28
Britannia Industries Limited	0.58% → 0.31%	▼ -0.27
Marico Limited	0.63% → 0.36%	▼ -0.27
eClerx Services Limited	1.01% → 0.75%	▼ -0.26

Top Holdings — Weight Trend

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

HDFC Bank Limited

3.46%

The Federal Bank Limited

2.61%

ICICI Bank Limited

2.39%

Reliance Industries Limited

2.2%

State Bank of India

2.08%

Full Portfolio (100 holdings)

#	Holding	Sector	% to NAV
1	HDFC Bank Limited	Financial Services	3.46%
2	The Federal Bank Limited	Financial Services	2.61%
3	ICICI Bank Limited	Financial Services	2.39%
4	Reliance Industries Limited	Energy	2.2%
5	State Bank of India	Financial Services	2.08%
6	Apar Industries Limited	Industrials	2.03%
7	GE Vernova T&D India Limited	Industrials	2.01%
8	TD Power Systems Limited	Industrials	1.93%
9	Thangamayil Jewellery Limited	Consumer Discretionary	1.92%
10	Navin Fluorine International Limited	Materials	1.9%
11	TREPStreps	—	1.89%
12	Sai Life Sciences Limited	Healthcare	1.85%
13	Larsen & Toubro Limited	Industrials	1.8%
14	Radico Khaitan Limited	Consumer Staples	1.79%
15	Lupin Limited	Healthcare	1.68%
16	Mtar Technologies Limited	Industrials	1.53%
17	BSE Limited	Financial Services	1.51%
18	Nippon Life India Asset Management Limited	Financial Services	1.47%
19	Cummins India Limited	Industrials	1.46%
20	Max Healthcare Institute Limited	Healthcare	1.45%
21	Finolex Cables Limited	Industrials	1.37%
22	Paras Defence and Space Technologies Limited	Industrials	1.31%
23	Multi Commodity Exchange of India Limited	Financial Services	1.29%
24	Happy Forgings Limited	Industrials	1.28%
25	Kotak Mahindra Bank Limited	Financial Services	1.28%
26	Shriram Finance Limited	Financial Services	1.28%
27	IPCA Laboratories Limited	Healthcare	1.28%
28	Karur Vysya Bank Limited	Financial Services	1.26%
29	Varun Beverages Limited	Consumer Staples	1.22%
30	CCL Products (India) Limited	Consumer Staples	1.22%
31	Neuland Laboratories Limited	Healthcare	1.16%
32	Divi's Laboratories Limited	Healthcare	1.13%
33	K.P.R. Mill Limited	Consumer Discretionary	1.13%
34	UltraTech Cement Limited	Materials	1.12%
35	Oberoi Realty Limited	Real Estate	1.07%
36	Bharti Airtel Limited	Telecommunication	1.07%
37	Hindustan Aeronautics Limited	Industrials	1.05%
38	ETERNAL LIMITED	Consumer Discretionary	1.04%
39	Tech Mahindra Limited	Information Technology	1.04%
40	Engineers India Limited	Industrials	0.99%
41	Tata Motors Limited	Industrials	0.99%
42	Siemens Energy India Limited	Industrials	0.99%
43	Bharat Heavy Electricals Limited	Industrials	0.97%
44	Torrent Pharmaceuticals Limited	Healthcare	0.96%
45	Eicher Motors Limited	Consumer Discretionary	0.94%
46	City Union Bank Limited	Financial Services	0.91%
47	Jubilant Foodworks Limited	Consumer Discretionary	0.91%
48	JSW Steel Limited	Materials	0.9%
49	FSN E-Commerce Ventures Limited	Consumer Discretionary	0.89%
50	Hero MotoCorp Limited	Consumer Discretionary	0.89%
51	RBL Bank Limited	Financial Services	0.82%
52	Kirloskar Oil Engines Limited	Industrials	0.82%
53	Aster DM Healthcare Limited	Healthcare	0.82%
54	Billionbrains Garage Ventures Limited	Financial Services	0.81%
55	Thermax Limited	Industrials	0.81%
56	Titan Company Limited	Consumer Discretionary	0.79%
57	NTPC Limited	Utilities	0.78%
58	Senores Pharmaceuticals Limited	Healthcare	0.78%
59	Bharat Forge Limited	Consumer Discretionary	0.76%
60	Maruti Suzuki India Limited	Consumer Discretionary	0.76%
61	Housing & Urban Development Corporation Limited	Financial Services	0.76%
62	Craftsman Automation Limited	Consumer Discretionary	0.75%
63	eClerx Services Limited	Industrials	0.75%
64	Cholamandalam Investment and Finance Company Limited	Financial Services	0.75%
65	Vijaya Diagnostic Centre Limited	Healthcare	0.74%
66	Delhivery Limited	Services	0.74%
67	Ratnamani Metals & Tubes Limited	Industrials	0.73%
68	Power Mech Projects Limited	Industrials	0.72%
69	Hindalco Industries Limited	Materials	0.67%
70	Piramal Finance Limited	Financial Services	0.65%
71	Siemens Limited	Industrials	0.64%
72	Lemon Tree Hotels Limited	Consumer Discretionary	0.62%
73	Time Technoplast Limited	Industrials	0.61%
74	Motilal Oswal Financial Services Limited	Financial Services	0.61%
75	Birla Corporation Limited	Materials	0.6%
76	HDFC Asset Management Company Limited	Financial Services	0.59%
77	KEI Industries Limited	Industrials	0.59%
78	Mahindra & Mahindra Limited	Consumer Discretionary	0.58%
79	Tata Power Company Limited	Utilities	0.56%
80	TVS Motor Company Limited	Consumer Discretionary	0.56%
81	Trent Limited	Consumer Discretionary	0.55%
82	Sumitomo Chemical India Limited	Materials	0.54%
83	Bikaji Foods International Limited	Consumer Staples	0.48%
84	JINDAL STEEL LIMITED	Materials	0.48%
85	Nesco Limited	Industrials	0.48%
86	Hindustan Unilever Limited	Consumer Staples	0.48%
87	Angel One Limited	Financial Services	0.45%
88	Bharat Bijlee Limited	Industrials	0.45%
89	Infosys Limited	Information Technology	0.43%
90	Indian Bank	Financial Services	0.36%
91	Marico Limited	Consumer Staples	0.36%
92	Epigral Limited	Materials	0.32%
93	Britannia Industries Limited	Consumer Staples	0.31%
94	PTC Industries Limited	Industrials	0.29%
95	Persistent Systems Limited	Information Technology	0.28%
96	Godfrey Phillips India Limited	Consumer Staples	0.26%
97	Lenskart Solutions Limited	Consumer Discretionary	0.25%
98	HCL Technologies Limited	Information Technology	0.22%
99	Jyoti CNC Automation Limited	Industrials	0.21%
100	Net Current Assets (including cash & bank balances)other	—	-0.27%

Frequently Asked Questions

Yes. As of its 30 June 2026 disclosure, HDFC Bank Limited is 3.46% of HSBC Multi Cap Fund's net assets — its number 1 holding.

Yes. As of its 30 June 2026 disclosure, The Federal Bank Limited is 2.61% of HSBC Multi Cap Fund's net assets — its number 2 holding.

Yes. As of its 30 June 2026 disclosure, ICICI Bank Limited is 2.39% of HSBC Multi Cap Fund's net assets — its number 3 holding.

Yes. As of its 30 June 2026 disclosure, Reliance Industries Limited is 2.2% of HSBC Multi Cap Fund's net assets — its number 4 holding.

Yes. As of its 30 June 2026 disclosure, State Bank of India is 2.08% of HSBC 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: HSBC Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 June 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.