HDFC Banking & Financial Services Fund

HDFC Mutual FundThematicPortfolio as of 31 July 2026

HDFC Banking & Financial Services Fund holds 38 instruments (99.04% equity), led by ICICI Bank Limited (14.37%), HDFC Bank Limited (13.01%) and Kotak Mahindra Bank Limited (7.7%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings
38
Equity Allocation
99.04%
AMC
HDFC Mutual Fund
Category
Thematic

This page shows the complete disclosed portfolio of HDFC Banking & Financial Services Fund, managed by HDFC Mutual Fund, based on its monthly portfolio disclosure dated 31 July 2026. The fund holds 38 instruments with an equity allocation of 99.04%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

HDFC Banking & Financial Services Fund's top 10 holdings account for 66.52% of its portfolio, more concentrated than the Thematic category average of 50.4%. Financial Services is its largest sector exposure at 99.04% of net assets, spread across 1 sector in total. Since its 30 June 2026 disclosure, the fund added 3 new positions and exited 2 positions, with HDFC Bank Limited seeing the largest move (-1.7pp to 13.01%).

Top 10 Equity Holdings

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.

3 new entries2 exits8 increased10 reduced

Biggest Weight Increases

StockWeightChange
SBI Life Insurance Company Limited2.97% → 3.94%▲ +0.97
Bajaj Finance Limited4% → 4.5%▲ +0.5
ICICI Bank Limited13.92% → 14.37%▲ +0.45
Repco Home Finance Limited0.24% → 0.58%▲ +0.34
Mahindra & Mahindra Financial Services Limited1.03% → 1.33%▲ +0.3
Five-Star Business Finance Limited2.52% → 2.7%▲ +0.18
Kotak Mahindra Bank Limited7.56% → 7.7%▲ +0.14
Karur Vysya Bank Limited1.81% → 1.92%▲ +0.11

Biggest Weight Reductions

StockWeightChange
HDFC Bank Limited14.71% → 13.01%▼ -1.7
Axis Bank Limited8.48% → 7.43%▼ -1.05
Shriram Finance Limited4.88% → 4.29%▼ -0.59
Medi Assist Healthcare Services Limited0.45% → 0.15%▼ -0.3
OnEMI Technology Solutions Limited1.16% → 0.86%▼ -0.3
Bandhan Bank Limited1.52% → 1.28%▼ -0.24
IndusInd Bank Limited1.55% → 1.31%▼ -0.24
Angel One Limited1.95% → 1.74%▼ -0.21
Can Fin Homes Limited1.78% → 1.61%▼ -0.17
ICICI Lombard General Insurance Company Limited2% → 1.84%▼ -0.16

Top Holdings — Weight Trend

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

Feb: 13.99%, Mar: 14.26%, Apr: 13.23%, May: 13.45%, Jun: 13.92%, Jul: 14.37%
14.37%
Feb: 16.63%, Mar: 15.97%, Apr: 14.92%, May: 14.53%, Jun: 14.71%, Jul: 13.01%
13.01%
Feb: 8.13%, Mar: 8.07%, Apr: 7.75%, May: 7.84%, Jun: 7.56%, Jul: 7.7%
7.7%
Feb: 8.71%, Mar: 8.51%, Apr: 8.38%, May: 8.58%, Jun: 8.48%, Jul: 7.43%
7.43%
Feb: 7.46%, Mar: 7.09%, Apr: 6.85%, May: 6.24%, Jun: 6.27%, Jul: 6.21%
6.21%

Full Portfolio (38 holdings)

#HoldingSector% to NAV
1ICICI Bank LimitedFinancial Services14.37%
2HDFC Bank LimitedFinancial Services13.01%
3Kotak Mahindra Bank LimitedFinancial Services7.7%
4Axis Bank LimitedFinancial Services7.43%
5State Bank of IndiaFinancial Services6.21%
6Bajaj Finance LimitedFinancial Services4.5%
7Shriram Finance LimitedFinancial Services4.29%
8SBI Life Insurance Company LimitedFinancial Services3.94%
9Five-Star Business Finance LimitedFinancial Services2.7%
10AU Small Finance Bank LimitedFinancial Services2.37%
11Karur Vysya Bank LimitedFinancial Services1.92%
12ICICI Lombard General Insurance Company LimitedFinancial Services1.84%
13Home First Finance Company India LimitedFinancial Services1.77%
14Angel One LimitedFinancial Services1.74%
15Equitas Small Finance Bank LimitedFinancial Services1.7%
16Billionbrains Garage Ventures LimitedFinancial Services1.68%
17Can Fin Homes LimitedFinancial Services1.61%
18Max Financial Services LimitedFinancial Services1.46%
19PNB Housing Finance LimitedFinancial Services1.45%
20Poonawalla Fincorp LimitedFinancial Services1.35%
21Tata Capital LimitedFinancial Services1.34%
22Mahindra & Mahindra Financial Services LimitedFinancial Services1.33%
23IndusInd Bank LimitedFinancial Services1.31%
24Bandhan Bank LimitedFinancial Services1.28%
25Power Finance Corporation LimitedFinancial Services1.28%
26Fusion Finance LimitedFinancial Services1.27%
27360 ONE WAM LIMITEDFinancial Services1.13%
28ICICI Prudential Asset Management Company LimitedFinancial Services1.11%
29PB Fintech LimitedFinancial Services1.1%
30SBI FUNDS MANAGEMENT LTDFinancial Services1.01%
31CREDITACCESS GRAMEEN LIMITEDFinancial Services0.87%
32OnEMI Technology Solutions LimitedFinancial Services0.86%
33Indian BankFinancial Services0.75%
34TREPS - Tri-party Repotreps0.67%
35SBFC Finance LimitedFinancial Services0.63%
36Repco Home Finance LimitedFinancial Services0.58%
37Net Current Assetsother0.29%
38Medi Assist Healthcare Services LimitedFinancial Services0.15%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 14.37% of HDFC Banking & Financial Services Fund's net assets — its number 1 holding.
Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 13.01% of HDFC Banking & Financial Services Fund's net assets — its number 2 holding.
Yes. As of its 31 July 2026 disclosure, Kotak Mahindra Bank Limited is 7.7% of HDFC Banking & Financial Services Fund's net assets — its number 3 holding.
Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 7.43% of HDFC Banking & Financial Services Fund's net assets — its number 4 holding.
Yes. As of its 31 July 2026 disclosure, State Bank of India is 6.21% of HDFC Banking & Financial Services 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.