HSBC Value Fund

HSBC Mutual FundEquityPortfolio as of 30 June 2026

HSBC Value Fund holds 83 instruments (98.31% equity), led by HDFC Bank Limited (4.85%), ICICI Bank Limited (4.11%) and The Federal Bank Limited (3.23%), as of its 30 June 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

98.31%

AMC

HSBC Mutual Fund

Portfolio Analysis

HSBC Value Fund's top 10 holdings account for 31.7% of its portfolio, more diversified than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 36.64% of net assets, spread across 11 sectors in total. Since its 31 May 2026 disclosure, the fund added 1 new position and exited 2 positions, with ICICI Bank Limited seeing the largest move (+1.42pp to 4.11%).

Top 10 Equity Holdings

HDFC Bank Limited · 4.85%ICICI Bank Limited · 4.11%The Federal Bank Limited · 3.23%State Bank of India · 3.18%Karur Vysya Bank Limited · 3.15%NTPC Limited · 3.1%Reliance Industries Limited · 2.93%PNB Housing Finance Limited · 2.49%Finolex Cables Limited · 2.37%Larsen & Toubro Limited · 2.29%

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.

1 new entry2 exits10 increased10 reduced

New Entries

Indo Count Industries Limited · 0.56%

Complete Exits

Tata Steel Limited · was 0.52%Zensar Technologies Limited · was 0.5%

Biggest Weight Increases

Stock	Weight	Change
ICICI Bank Limited	2.69% → 4.11%	▲ +1.42
HDFC Bank Limited	3.68% → 4.85%	▲ +1.17
Maruti Suzuki India Limited	0.82% → 1.61%	▲ +0.79
K.P.R. Mill Limited	0.78% → 1.36%	▲ +0.58
Larsen & Toubro Limited	1.81% → 2.29%	▲ +0.48
Thangamayil Jewellery Limited	0.93% → 1.39%	▲ +0.46
Trent Limited	1.05% → 1.49%	▲ +0.44
Page Industries Limited	0.62% → 0.97%	▲ +0.35
The Federal Bank Limited	2.89% → 3.23%	▲ +0.34
United Spirits Limited	0.46% → 0.73%	▲ +0.27

Biggest Weight Reductions

Stock	Weight	Change
Hindalco Industries Limited	2.09% → 0.74%	▼ -1.35
National Aluminium Company Limited	1.78% → 0.43%	▼ -1.35
Infosys Limited	1.56% → 0.84%	▼ -0.72
Oil India Limited	0.96% → 0.47%	▼ -0.49
Multi Commodity Exchange of India Limited	1.88% → 1.52%	▼ -0.36
NTPC Limited	3.43% → 3.1%	▼ -0.33
JINDAL STEEL LIMITED	1.71% → 1.47%	▼ -0.24
GE Vernova T&D India Limited	2.1% → 1.9%	▼ -0.2
Tech Mahindra Limited	1.91% → 1.78%	▼ -0.13
Wipro Limited	0.66% → 0.54%	▼ -0.12

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

4.85%

ICICI Bank Limited

4.11%

The Federal Bank Limited

3.23%

State Bank of India

3.18%

Karur Vysya Bank Limited

3.15%

Full Portfolio (83 holdings)

#	Holding	Sector	% to NAV
1	HDFC Bank Limited	Financial Services	4.85%
2	ICICI Bank Limited	Financial Services	4.11%
3	The Federal Bank Limited	Financial Services	3.23%
4	State Bank of India	Financial Services	3.18%
5	Karur Vysya Bank Limited	Financial Services	3.15%
6	NTPC Limited	Utilities	3.1%
7	Reliance Industries Limited	Energy	2.93%
8	PNB Housing Finance Limited	Financial Services	2.49%
9	Finolex Cables Limited	Industrials	2.37%
10	Larsen & Toubro Limited	Industrials	2.29%
11	Shriram Finance Limited	Financial Services	2.19%
12	Angel One Limited	Financial Services	2.19%
13	TREPStreps	—	2.04%
14	GE Vernova T&D India Limited	Industrials	1.9%
15	Indian Bank	Financial Services	1.88%
16	Tech Mahindra Limited	Information Technology	1.78%
17	Hero MotoCorp Limited	Consumer Discretionary	1.62%
18	Maruti Suzuki India Limited	Consumer Discretionary	1.61%
19	Multi Commodity Exchange of India Limited	Financial Services	1.52%
20	Trent Limited	Consumer Discretionary	1.49%
21	JINDAL STEEL LIMITED	Materials	1.47%
22	The Ramco Cements Limited	Materials	1.46%
23	Jindal Saw Limited	Industrials	1.4%
24	Thangamayil Jewellery Limited	Consumer Discretionary	1.39%
25	K.P.R. Mill Limited	Consumer Discretionary	1.36%
26	Power Mech Projects Limited	Industrials	1.31%
27	Bharti Airtel Limited	Telecommunication	1.3%
28	Balrampur Chini Mills Limited	Consumer Staples	1.29%
29	Axis Bank Limited	Financial Services	1.28%
30	Power Finance Corporation Limited	Financial Services	1.23%
31	Varun Beverages Limited	Consumer Staples	1.23%
32	Pearl Global Industries Limited	Consumer Discretionary	1.17%
33	Hindustan Unilever Limited	Consumer Staples	1.16%
34	Welspun Living Limited	Consumer Discretionary	1.16%
35	Vardhman Textiles Limited	Consumer Discretionary	1.16%
36	Jindal Stainless Limited	Materials	1.15%
37	Punjab National Bank	Financial Services	1.14%
38	Hindustan Petroleum Corporation Limited	Energy	1.11%
39	CCL Products (India) Limited	Consumer Staples	1.1%
40	Can Fin Homes Limited	Financial Services	1.09%
41	Sun Pharmaceutical Industries Limited	Healthcare	1.07%
42	Coromandel International Limited	Materials	1.05%
43	Sobha Limited	Real Estate	0.99%
44	Page Industries Limited	Consumer Discretionary	0.97%
45	Ratnamani Metals & Tubes Limited	Industrials	0.9%
46	Godfrey Phillips India Limited	Consumer Staples	0.89%
47	Canara Bank	Financial Services	0.89%
48	Oberoi Realty Limited	Real Estate	0.88%
49	Paradeep Phosphates Limited	Materials	0.88%
50	Mahindra & Mahindra Limited	Consumer Discretionary	0.87%
51	Infosys Limited	Information Technology	0.84%
52	Siemens Limited	Industrials	0.82%
53	Kotak Mahindra Bank Limited	Financial Services	0.75%
54	Hindalco Industries Limited	Materials	0.74%
55	United Spirits Limited	Consumer Staples	0.73%
56	Housing & Urban Development Corporation Limited	Financial Services	0.72%
57	Birla Corporation Limited	Materials	0.71%
58	Time Technoplast Limited	Industrials	0.63%
59	KEC International Limited	Industrials	0.6%
60	Aditya Birla Real Estate Limited	Real Estate	0.6%
61	Globus Spirits Limited	Consumer Staples	0.6%
62	PNC Infratech Limited	Industrials	0.57%
63	Indo Count Industries Limited	Consumer Discretionary	0.56%
64	Wipro Limited	Information Technology	0.54%
65	Jubilant Foodworks Limited	Consumer Discretionary	0.53%
66	Oil India Limited	Energy	0.47%
67	Nippon Life India Asset Management Limited	Financial Services	0.47%
68	National Aluminium Company Limited	Materials	0.43%
69	Eris Lifesciences Limited	Healthcare	0.43%
70	Senores Pharmaceuticals Limited	Healthcare	0.42%
71	HCL Technologies Limited	Information Technology	0.42%
72	Sapphire Foods India Limited	Consumer Discretionary	0.41%
73	Brigade Enterprises Limited	Real Estate	0.41%
74	JK Paper Limited	Materials	0.4%
75	Bayer Cropscience Limited	Materials	0.38%
76	Epigral Limited	Materials	0.36%
77	Bharat Bijlee Limited	Industrials	0.33%
78	VIP Industries Limited	Consumer Discretionary	0.32%
79	KNR Constructions Limited	Industrials	0.29%
80	HDB Financial Services Limited	Financial Services	0.28%
81	JK Lakshmi Cement Limited	Materials	0.19%
82	Somany Ceramics Limited	Consumer Discretionary	0.13%
83	Net Current Assets (including cash & bank balances)other	—	-0.35%

Frequently Asked Questions

Yes. As of its 30 June 2026 disclosure, HDFC Bank Limited is 4.85% of HSBC Value Fund's net assets — its number 1 holding.

Yes. As of its 30 June 2026 disclosure, ICICI Bank Limited is 4.11% of HSBC Value Fund's net assets — its number 2 holding.

Yes. As of its 30 June 2026 disclosure, The Federal Bank Limited is 3.23% of HSBC Value Fund's net assets — its number 3 holding.

Yes. As of its 30 June 2026 disclosure, State Bank of India is 3.18% of HSBC Value Fund's net assets — its number 4 holding.

Yes. As of its 30 June 2026 disclosure, Karur Vysya Bank Limited is 3.15% of HSBC Value 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.