Mutual Funds Holding HDFC Life Insurance Company Limited

Financial Services186 fundsISIN INE795G01014

As of 30 September 2026, 186 Indian mutual funds hold HDFC Life Insurance Company Limited (Financial Services), led by SBI Banking And Financial Services Fund at 4.66% of its net assets, per the AMCs' SEBI-mandated monthly disclosures.

As of 30 September 2026, 186 Indian mutual fund schemes disclose a holding in HDFC Life Insurance Company Limited (Financial Services). The table below lists every fund holding this stock along with its weight as a percentage of the fund's net assets (% to NAV), sorted from the highest conviction position downward.

Holding Analysis

Across the 186 funds holding HDFC Life Insurance Company Limited, the average position size is 0.96% of net assets. The highest-conviction holder is SBI Banking And Financial Services Fund (Thematic), at 4.66%. Hybrid funds account for 101 of the 186 holders, with the rest spread across 2 other categories. Over the last month, 15 funds initiated a new position and 6 funds exited, with the largest weight change at quant Arbitrage Fund (-3.79pp to 0.01%).

Fund Activity Last Month

How funds changed their HDFC Life Insurance Company Limited position between their two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

15 started a position6 exited15 increased8 reduced

New Positions

Nippon India Focused Fund at 2.97%
ITI Banking and Financial Services Fund at 2.06%
ITI Balanced Advantage Fund at 2.03%
ITI Business Cycle Fund at 2.01%
Union Business Cycle Fund at 1.44%
Union Flexi Cap Fund at 1.24%
ITI Value Fund at 1.02%
Mahindra Manulife Value Fund at 0.9%
Union Value Fund at 0.79%
Sundaram Value Fund at 0.75%
Union Aggressive Hybrid Fund at 0.72%
Union Balanced Advantage Fund at 0.59%
Union Multi Asset Allocation Fund at 0.59%
HDFC Banking & Financial Services Fund at 0.58%
Nippon India Aggressive Hybrid Fund at 0.52%

Complete Exits

Bandhan Multi-Factor Fund was 2.46%
Franklin India Focused Equity Fund was 1.09%
The Wealth Company Balanced Advt Fund was 1%
TATA INDIA PHARMA & HEALTHCARE FUND was 0.5%
Franklin India Flexi Cap Fund was 0%
Parag Parikh Arbitrage Fund was 0%

Weight Increased

Fund	Weight	Change
Mahindra Manulife Large Cap Fund	0.94% → 2.26%	▲ +1.32
NIPPON INDIA BANKING & FINANCIAL SERVICES FUND	1.12% → 2.15%	▲ +1.03
SBI Banking And Financial Services Fund	4.12% → 4.66%	▲ +0.54
Bandhan ELSS - Tax Saver Fund	2.03% → 2.45%	▲ +0.42
Bandhan Value Fund	2.06% → 2.47%	▲ +0.41
Mirae Asset Multicap Fund	0.46% → 0.85%	▲ +0.39
Bandhan Multi Cap Fund	1.24% → 1.6%	▲ +0.36
Bandhan Flexi Cap Fund	1.7% → 2.05%	▲ +0.35
Sundaram Services Fund	0.84% → 1.1%	▲ +0.26
DSP Dynamic Asset Allocation Fund	1.13% → 1.36%	▲ +0.23
DSP India T.I.G.E.R. Fund	1.9% → 2.12%	▲ +0.22
HDFC Value Fund	0.83% → 0.99%	▲ +0.16
TATA FOCUSED FUND	2.66% → 2.82%	▲ +0.16
UTI Value Fund	1.02% → 1.16%	▲ +0.14
Union Arbitrage Fund	0.38% → 0.52%	▲ +0.14

Weight Reduced

Fund	Weight	Change
quant Arbitrage Fund	3.8% → 0.01%	▼ -3.79
The Wealth Company Arbitrage Fund	1.86% → 0.75%	▼ -1.11
Old Bridge Arbitrage Fund	1.89% → 0.99%	▼ -0.9
UTI - Banking and Financial Services Fund	1.46% → 0.74%	▼ -0.72
ICICI Prudential Equity Minimum Variance Fund	3.03% → 2.55%	▼ -0.48
TATA MULTI ASSET ALLOCATION FUND	0.44% → 0.01%	▼ -0.43
Unifi Dynamic Asset Allocation Fund	0.85% → 0.7%	▼ -0.15
UTI Balanced Advantage Fund	0.48% → 0.37%	▼ -0.11

Funds Holding HDFC Life Insurance Company Limited

#	Fund	AMC	Category	% to NAV
1	SBI Banking And Financial Services Fund	SBI Mutual Fund	Thematic	4.66%
2	Quantum ELSS Tax Saver Fund	Quantum Mutual Fund	Thematic	3.29%
3	Quantum Value Fund	Quantum Mutual Fund	Equity	3.29%
4	Nippon India Focused Fund	Nippon India Mutual Fund	Equity	2.97%
5	ICICI Prudential Business Cycle Fund	ICICI Prudential Mutual Fund	Thematic	2.95%
6	SBI Large Cap Fund	SBI Mutual Fund	Equity	2.89%
7	TATA FOCUSED FUND	Tata Mutual Fund	Equity	2.82%
8	Quantum ESG Best In Class Strategy Fund	Quantum Mutual Fund	Thematic	2.76%
9	LIC MF ARBITRAGE FUND	LIC Mutual Fund	Hybrid	2.75%
10	DSP Large Cap Fund	DSP Mutual Fund	Equity	2.74%
11	ICICI Prudential Banking & Financial Services Fund	ICICI Prudential Mutual Fund	Thematic	2.63%
12	ICICI Prudential Equity Minimum Variance Fund	ICICI Prudential Mutual Fund	Equity	2.55%
13	Bandhan Value Fund	Bandhan Mutual Fund	Equity	2.47%
14	ICICI Prudential India Opportunities Fund	ICICI Prudential Mutual Fund	Equity	2.47%
15	Bandhan ELSS - Tax Saver Fund	Bandhan Mutual Fund	Equity	2.45%
16	Mahindra Manulife Large Cap Fund	Mahindra Manulife Mutual Fund	Equity	2.26%
17	NIPPON INDIA BANKING & FINANCIAL SERVICES FUND	Nippon India Mutual Fund	Thematic	2.15%
18	DSP India T.I.G.E.R. Fund	DSP Mutual Fund	Thematic	2.12%
19	ITI Banking and Financial Services Fund	ITI Mutual Fund	Thematic	2.06%
20	Bandhan Flexi Cap Fund	Bandhan Mutual Fund	Equity	2.05%
21	ITI Balanced Advantage Fund	ITI Mutual Fund	Hybrid	2.03%
22	ITI Business Cycle Fund	ITI Mutual Fund	Thematic	2.01%
23	DSP Value Fund	DSP Mutual Fund	Equity	1.99%
24	ICICI Prudential Value Fund	ICICI Prudential Mutual Fund	Equity	1.98%
25	ITI Multi Asset Allocation Fund	ITI Mutual Fund	Hybrid	1.91%
26	Aditya Birla Sun Life Value Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.88%
27	Franklin India Arbitrage Fund	Franklin Templeton Mutual Fund	Hybrid	1.82%
28	SBI ELSS Tax Saver Fund	SBI Mutual Fund	Equity	1.77%
29	Samco Arbitrage Fund	Samco Mutual Fund	Hybrid	1.77%
30	ICICI Prudential Equity Savings Fund	ICICI Prudential Mutual Fund	Hybrid	1.76%
31	SBI Large and Midcap Fund	SBI Mutual Fund	Equity	1.76%
32	ICICI Prudential Rural Opportunities Fund	ICICI Prudential Mutual Fund	Thematic	1.74%
33	Quantum Flexi Cap Fund	Quantum Mutual Fund	Equity	1.73%
34	HSBC Arbitrage Fund	HSBC Mutual Fund	Hybrid	1.66%
35	TATA FLEXI CAP FUND	Tata Mutual Fund	Equity	1.62%
36	DSP Business Cycle Fund	DSP Mutual Fund	Thematic	1.61%
37	Bandhan Multi Cap Fund	Bandhan Mutual Fund	Equity	1.6%
38	ICICI Prudential Balanced Hybrid Fund	ICICI Prudential Mutual Fund	Hybrid	1.56%
39	LIC MF CONSUMPTION FUND	LIC Mutual Fund	Thematic	1.52%
40	ITI Arbitrage Fund	ITI Mutual Fund	Hybrid	1.51%
41	Franklin India Equity Savings Fund	Franklin Templeton Mutual Fund	Hybrid	1.48%
42	Union Business Cycle Fund	Union Mutual Fund	Thematic	1.44%
43	DSP Aggressive Hybrid Fund	DSP Mutual Fund	Hybrid	1.43%
44	SBI Equity Savings Fund	SBI Mutual Fund	Hybrid	1.39%
45	TATA BUSINESS CYCLE FUND	Tata Mutual Fund	Thematic	1.38%
46	DSP Equity Savings Fund	DSP Mutual Fund	Hybrid	1.37%
47	DSP Dynamic Asset Allocation Fund	DSP Mutual Fund	Hybrid	1.36%
48	Aditya Birla Sun Life Special Opportunities Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.34%
49	UTI - Large Cap Fund	UTI Mutual Fund	Equity	1.34%
50	ICICI Prudential Focused Fund	ICICI Prudential Mutual Fund	Equity	1.32%
51	NIPPON INDIA LARGE CAP FUND	Nippon India Mutual Fund	Equity	1.32%
52	Bandhan Financial Services Fund	Bandhan Mutual Fund	Thematic	1.31%
53	ICICI Prudential Quality Fund	ICICI Prudential Mutual Fund	Equity	1.3%
54	Union Flexi Cap Fund	Union Mutual Fund	Equity	1.24%
55	UTI - Master Equity Plan Unit Scheme	UTI Mutual Fund	Equity	1.23%
56	Baroda BNP Paribas Value Fund	Baroda BNP Paribas Mutual Fund	Equity	1.22%
57	Mirae Asset Large Cap Fund	Mirae Asset Mutual Fund	Equity	1.19%
58	UTI Value Fund	UTI Mutual Fund	Equity	1.16%
59	Sundaram Services Fund	Sundaram Mutual Fund	Thematic	1.1%
60	ICICI Prudential Large Cap Fund	ICICI Prudential Mutual Fund	Equity	1.08%
61	UTI ELSS Tax Saver Fund	UTI Mutual Fund	Equity	1.07%
62	Aditya Birla Sun Life Banking And Financial Services Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.04%
63	ITI Value Fund	ITI Mutual Fund	Equity	1.02%
64	HDFC Value Fund	HDFC Mutual Fund	Equity	0.99%
65	Old Bridge Arbitrage Fund	Old Bridge Mutual Fund	Hybrid	0.99%
66	HDFC Aggressive Hybrid Fund	HDFC Mutual Fund	Hybrid	0.97%
67	HDFC Hybrid Equity Fund	HDFC Mutual Fund	Hybrid	0.97%
68	SBI Equity Minimum Variance Fund	SBI Mutual Fund	Equity	0.97%
69	PGIM INDIA LARGE CAP FUND	PGIM India Mutual Fund	Equity	0.95%
70	PGIM INDIA BALANCED ADVANTAGE FUND	PGIM India Mutual Fund	Hybrid	0.93%
71	PGIM INDIA FLEXI CAP FUND	PGIM India Mutual Fund	Equity	0.92%
72	ICICI Prudential Exports and Services Fund	ICICI Prudential Mutual Fund	Thematic	0.9%
73	Mahindra Manulife Value Fund	Mahindra Manulife Mutual Fund	Equity	0.9%
74	TATA BALANCED ADVANTAGE FUND	Tata Mutual Fund	Hybrid	0.9%
75	Baroda BNP Paribas Business Cycle Fund	Baroda BNP Paribas Mutual Fund	Thematic	0.88%
76	Mahindra Manulife ELSS Tax Saver Fund	Mahindra Manulife Mutual Fund	Equity	0.88%
77	WhiteOak Capital Equity Savings Fund	WhiteOak Capital Mutual Fund	Hybrid	0.88%
78	Bandhan Business Cycle Fund	Bandhan Mutual Fund	Thematic	0.85%
79	Mirae Asset Multicap Fund	Mirae Asset Mutual Fund	Equity	0.85%
80	SBI Conservative Hybrid Fund	SBI Mutual Fund	Hybrid	0.85%
81	Union Value Fund	Union Mutual Fund	Equity	0.79%
82	Sundaram Value Fund	Sundaram Mutual Fund	Equity	0.75%
83	The Wealth Company Arbitrage Fund	The Wealth Company Mutual Fund	Hybrid	0.75%
84	LIC MF EQUITY SAVINGS FUND	LIC Mutual Fund	Hybrid	0.74%
85	UTI - Banking and Financial Services Fund	UTI Mutual Fund	Thematic	0.74%
86	Axis Aggressive Hybrid Fund	Axis Mutual Fund	Hybrid	0.73%
87	DSP Regular Savings Fund	DSP Mutual Fund	Hybrid	0.72%
88	HDFC Multi-Asset Allocation Fund	HDFC Mutual Fund	Hybrid	0.72%
89	Union Aggressive Hybrid Fund	Union Mutual Fund	Hybrid	0.72%
90	WhiteOak Capital Banking & Financial Services Fund	WhiteOak Capital Mutual Fund	Thematic	0.72%
91	Aditya Birla Sun Life Multi Asset Allocation Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.71%
92	ICICI Prudential Regular Savings Fund	ICICI Prudential Mutual Fund	Hybrid	0.71%
93	PGIM INDIA ELSS TAX SAVER FUND	PGIM India Mutual Fund	Equity	0.71%
94	DSP Conservative Hybrid Fund	DSP Mutual Fund	Hybrid	0.7%
95	Unifi Dynamic Asset Allocation Fund	Unifi Mutual Fund	Hybrid	0.7%
96	ICICI Prudential Conservative Hybrid Fund	ICICI Prudential Mutual Fund	Hybrid	0.69%
97	Axis Arbitrage Fund	Axis Mutual Fund	Hybrid	0.68%
98	Bandhan Balanced Advantage Fund	Bandhan Mutual Fund	Hybrid	0.68%
99	WhiteOak Capital Arbitrage Fund	WhiteOak Capital Mutual Fund	Hybrid	0.68%
100	Shriram Multi Asset Allocation	Shriram Mutual Fund	Hybrid	0.67%
101	Axis Value Fund	Axis Mutual Fund	Equity	0.66%
102	Bajaj Finserv Balanced Advantage Fund	Bajaj Finserv Mutual Fund	Hybrid	0.66%
103	Bandhan Arbitrage Fund	Bandhan Mutual Fund	Hybrid	0.66%
104	CANARA ROBECO ELSS - TAX SAVER FUND	Canara Robeco Mutual Fund	Equity	0.66%
105	CANARA ROBECO ELSS TAX SAVER	Canara Robeco Mutual Fund	Equity	0.65%
106	Bandhan Multi Asset Allocation Fund	Bandhan Mutual Fund	Hybrid	0.64%
107	Kotak Large Cap Fund	Kotak Mahindra Mutual Fund	Equity	0.62%
108	Axis Balanced Advantage Fund	Axis Mutual Fund	Hybrid	0.6%
109	ICICI Prudential Multi-Asset Fund	ICICI Prudential Mutual Fund	Hybrid	0.59%
110	Union Balanced Advantage Fund	Union Mutual Fund	Hybrid	0.59%
111	Union Multi Asset Allocation Fund	Union Mutual Fund	Hybrid	0.59%
112	Edelweiss Arbitrage Fund	Edelweiss Mutual Fund	Hybrid	0.58%
113	HDFC Banking & Financial Services Fund	HDFC Mutual Fund	Thematic	0.58%
114	HDFC Multi Cap Fund	HDFC Mutual Fund	Equity	0.58%
115	ICICI Prudential Multi Asset Allocation Fund	ICICI Prudential Mutual Fund	Hybrid	0.58%
116	Aditya Birla Sun Life Large Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	0.57%
117	HDFC Dividend Yield Fund	HDFC Mutual Fund	Equity	0.57%
118	Motilal Oswal Arbitrage Fund	Motilal Oswal Mutual Fund	Hybrid	0.57%
119	ICICI Prudential Dividend Yield Fund	ICICI Prudential Mutual Fund	Equity	0.55%
120	NIPPON INDIA SMALL CAP FUND	Nippon India Mutual Fund	Equity	0.55%
121	ELSS Tax Saver	360 ONE Mutual Fund	Equity	0.54%
122	ICICI Prudential Dividend Yield Equity Fund	ICICI Prudential Mutual Fund	Equity	0.54%
123	Nippon India Aggressive Hybrid Fund	Nippon India Mutual Fund	Hybrid	0.52%
124	Union Arbitrage Fund	Union Mutual Fund	Hybrid	0.52%
125	HDFC Arbitrage Fund	HDFC Mutual Fund	Hybrid	0.51%
126	HSBC Equity Savings Fund	HSBC Mutual Fund	Hybrid	0.51%
127	Union Large & Midcap Fund	Union Mutual Fund	Equity	0.51%
128	Capitalmind Arbitrage Fund	Capitalmind Mutual Fund	Hybrid	0.5%
129	Union Consumption Fund	Union Mutual Fund	Thematic	0.5%
130	Axis Conservative Hybrid Fund	Axis Mutual Fund	Hybrid	0.49%
131	Edelweiss Large Cap Fund	Edelweiss Mutual Fund	Equity	0.49%
132	HDFC Equity Savings Fund	HDFC Mutual Fund	Hybrid	0.49%
133	Bajaj Finserv Multi Asset Allocation Fund	Bajaj Finserv Mutual Fund	Hybrid	0.48%
134	Union Midcap Fund	Union Mutual Fund	Equity	0.48%
135	TRUSTMF Arbitrage Fund	Trust Mutual Fund	Hybrid	0.46%
136	DSP Arbitrage Fund	DSP Mutual Fund	Hybrid	0.43%
137	Mirae Asset Equity Savings Fund	Mirae Asset Mutual Fund	Hybrid	0.43%
138	Parag Parikh Large Cap Fund	PPFAS Mutual Fund	Equity	0.43%
139	Bajaj Finserv Arbitrage Fund	Bajaj Finserv Mutual Fund	Hybrid	0.42%
140	NIPPON INDIA EQUITY SAVINGS FUND	Nippon India Mutual Fund	Hybrid	0.42%
141	PGIM INDIA MULTI ASSET ALLOCATION FUND	PGIM India Mutual Fund	Hybrid	0.42%
142	Aditya Birla Sun Life Large & Mid Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	0.39%
143	SBI Arbitrage Opportunities Fund	SBI Mutual Fund	Hybrid	0.39%
144	Bajaj Finserv Large and Midcap Fund	Bajaj Finserv Mutual Fund	Equity	0.37%
145	NJ Arbitrage Fund	NJ Mutual Fund	Hybrid	0.37%
146	UTI Balanced Advantage Fund	UTI Mutual Fund	Hybrid	0.37%
147	Aditya Birla Sun Life Arbitrage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.35%
148	Shriram Aggressive Hybrid Fund	Shriram Mutual Fund	Hybrid	0.34%
149	ICICI Prudential Balanced Advantage Fund	ICICI Prudential Mutual Fund	Hybrid	0.3%
150	Mirae Asset Arbitrage Fund	Mirae Asset Mutual Fund	Hybrid	0.3%
151	Kotak Balanced Advantage Fund	Kotak Mahindra Mutual Fund	Hybrid	0.29%
152	PGIM INDIA ARBITRAGE FUND	PGIM India Mutual Fund	Hybrid	0.29%
153	Nippon India Arbitrage Fund	Nippon India Mutual Fund	Hybrid	0.26%
154	Shriram Balanced Advantage Fund	Shriram Mutual Fund	Hybrid	0.26%
155	UTI Conservative Hybrid Fund	UTI Mutual Fund	Hybrid	0.26%
156	DSP Multi Asset Allocation Fund	DSP Mutual Fund	Hybrid	0.23%
157	Bank Of India Balanced Advantage Fund	Bank of India Mutual Fund	Hybrid	0.22%
158	HDFC Large and Mid Cap Fund	HDFC Mutual Fund	Equity	0.22%
159	Mahindra Manulife Arbitrage Fund	Mahindra Manulife Mutual Fund	Hybrid	0.21%
160	NJ Balanced Advantage Fund	NJ Mutual Fund	Hybrid	0.2%
161	UTI Multi Asset Allocation Fund	UTI Mutual Fund	Hybrid	0.2%
162	JM Arbitrage Fund	JM Financial Mutual Fund	Hybrid	0.19%
163	SBI Arbitrage Fund	SBI Mutual Fund	Hybrid	0.19%
164	Mirae Asset Balanced Advantage Fund	Mirae Asset Mutual Fund	Hybrid	0.17%
165	Zerodha Life Cycle Fund 2041	Zerodha Mutual Fund	Hybrid	0.17%
166	ICICI Prudential Aggressive Hybrid Fund	ICICI Prudential Mutual Fund	Hybrid	0.16%
167	ICICI Prudential Equity & Debt Fund	ICICI Prudential Mutual Fund	Hybrid	0.16%
168	PGIM INDIA EQUITY SAVINGS FUND	PGIM India Mutual Fund	Hybrid	0.14%
169	HDFC Balanced Advantage Fund	HDFC Mutual Fund	Hybrid	0.13%
170	JioBlackRock Sector Rotation Fund	Jio BlackRock Mutual Fund	Thematic	0.13%
171	Zerodha Life Cycle Fund 2036	Zerodha Mutual Fund	Hybrid	0.13%
172	Baroda BNP Paribas Arbitrage Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.11%
173	ICICI Prudential Arbitrage Fund	ICICI Prudential Mutual Fund	Hybrid	0.1%
174	Zerodha Life Cycle Fund 2031	Zerodha Mutual Fund	Hybrid	0.1%
175	Groww Arbitrage Fund	Groww Mutual Fund	Hybrid	0.08%
176	Edelweiss Equity Savings Fund	Edelweiss Mutual Fund	Hybrid	0.07%
177	Aditya Birla Sun Life Equity Savings Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.05%
178	JioBlackRock Arbitrage Fund	Jio BlackRock Mutual Fund	Hybrid	0.05%
179	Nippon India Conservative Hybrid Fund	Nippon India Mutual Fund	Hybrid	0.05%
180	SBI Balanced Advantage Fund	SBI Mutual Fund	Hybrid	0.01%
181	TATA MULTI ASSET ALLOCATION FUND	Tata Mutual Fund	Hybrid	0.01%
182	quant Arbitrage Fund	quant Mutual Fund	Hybrid	0.01%
183	Kotak Arbitrage Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
184	Kotak Equity Savings Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
185	TATA ARBITRAGE FUND	Tata Mutual Fund	Hybrid	0%
186	UTI - Arbitrage Fund	UTI Mutual Fund	Hybrid	0%

Want to interpret these weights? Read How to Read a Mutual Fund's Monthly Portfolio Disclosure, or look up terms like % to NAV and conviction in the glossary.

Source: SEBI-mandated monthly portfolio disclosures by Indian AMCs. Percentages are of each fund's net assets on its latest disclosure date. For information only, not investment advice.