HDFC Multi-Asset Allocation Fund holds 123 instruments (69.92% equity), led by Reliance Industries Limited (5.18%), ICICI Bank Limited (4.98%) and HDFC Bank Limited (4.38%), as of its 31 July 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of HDFC Multi-Asset Allocation Fund, managed by HDFC Mutual Fund, based on its monthly portfolio disclosure dated 31 July 2026. The fund holds 123 instruments with an equity allocation of 69.92%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
HDFC Multi-Asset Allocation Fund's top 10 holdings account for 29.72% of its portfolio, in line with the Hybrid category average of 28.9%. Financial Services is its largest sector exposure at 21.6% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 1 new position and exited 1 position, with NTPC Limited seeing the largest move (-1.24pp to 1.95%).
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.
| Stock | Weight | Change |
|---|---|---|
| Mahindra & Mahindra Limited | 0.74% → 1.27% | ▲ +0.53 |
| Hero MotoCorp Limited | 0.61% → 0.9% | ▲ +0.29 |
| Divi's Laboratories Limited | 1.12% → 1.35% | ▲ +0.23 |
| HCL Technologies Limited | 0.73% → 0.9% | ▲ +0.17 |
| Tata Consultancy Services Limited | 1.21% → 1.38% | ▲ +0.17 |
| Bharti Airtel Limited | 3.14% → 3.29% | ▲ +0.15 |
| ETERNAL LIMITED | 1.13% → 1.27% | ▲ +0.14 |
| Infosys Limited | 1.28% → 1.42% | ▲ +0.14 |
| Bajaj Finserv Limited | 1.1% → 1.23% | ▲ +0.13 |
| ICICI Bank Limited | 4.85% → 4.98% | ▲ +0.13 |
| Stock | Weight | Change |
|---|---|---|
| NTPC Limited | 3.19% → 1.95% | ▼ -1.24 |
| HDFC Bank Limited | 4.75% → 4.38% | ▼ -0.37 |
| Axis Bank Limited | 2.75% → 2.47% | ▼ -0.28 |
| Power Grid Corporation of India Limited | 1.29% → 1.07% | ▼ -0.22 |
| Tata Steel Limited | 0.74% → 0.57% | ▼ -0.17 |
| Bajaj Auto Limited | 0.83% → 0.67% | ▼ -0.16 |
| Greenply Industries Limited | 0.27% → 0.14% | ▼ -0.13 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | HDFC Gold ETF - Growth Optionmf | — | 10.89% |
| 2 | Reliance Industries Limited | Energy | 5.18% |
| 3 | ICICI Bank Limited | Financial Services | 4.98% |
| 4 | HDFC Bank Limited | Financial Services | 4.38% |
| 5 | TREPS - Tri-party Repotreps | — | 3.69% |
| 6 | Bharti Airtel Limited | Telecommunication | 3.29% |
| 7 | Axis Bank Limited | Financial Services | 2.47% |
| 8 | Kotak Mahindra Bank Limited | Financial Services | 2.35% |
| 9 | NTPC Limited | Utilities | 1.95% |
| 10 | Maruti Suzuki India Limited | Consumer Discretionary | 1.88% |
| 11 | Sun Pharmaceutical Industries Limited | Healthcare | 1.82% |
| 12 | HDFC Silver ETF - Growth Optionmf | — | 1.73% |
| 13 | Net Current Assetsother | — | 1.58% |
| 14 | Infosys Limited | Information Technology | 1.42% |
| 15 | Tata Consultancy Services Limited | Information Technology | 1.38% |
| 16 | Divi's Laboratories Limited | Healthcare | 1.35% |
| 17 | InterGlobe Aviation Limited | Services | 1.3% |
| 18 | State Bank of India | Financial Services | 1.29% |
| 19 | ETERNAL LIMITED | Consumer Discretionary | 1.27% |
| 20 | Mahindra & Mahindra Limited | Consumer Discretionary | 1.27% |
| 21 | 8.05% Muthoot Finance Limited 2027bond | — | 1.25% |
| 22 | Bajaj Finserv Limited | Financial Services | 1.23% |
| 23 | Larsen & Toubro Limited | Industrials | 1.19% |
| 24 | 7.18% Government of India (MD )bond | — | 1.19% |
| 25 | Hyundai Motor India Limited | Consumer Discretionary | 1.09% |
| 26 | Power Grid Corporation of India Limited | Utilities | 1.07% |
| 27 | SBI Life Insurance Company Limited | Financial Services | 0.94% |
| 28 | HCL Technologies Limited | Information Technology | 0.9% |
| 29 | Hero MotoCorp Limited | Consumer Discretionary | 0.9% |
| 30 | Dr. Lal Path Labs Ltd. | Healthcare | 0.89% |
| 31 | Havells India Limited | Consumer Discretionary | 0.84% |
| 32 | 7.38% Mahindra & Mahindra Financial Services Ltdbond | — | 0.84% |
| 33 | 8.58% Muthoot Finance Limited 2029 (FRN)bond | — | 0.84% |
| 34 | Cipla Limited | Healthcare | 0.81% |
| 35 | Godrej Consumer Products Limited | Consumer Staples | 0.81% |
| 36 | ICICI Lombard General Insurance Company Limited | Financial Services | 0.81% |
| 37 | HDFC Life Insurance Company Limited | Financial Services | 0.73% |
| 38 | Oil & Natural Gas Corporation Limited | Energy | 0.73% |
| 39 | ITC Limited | Consumer Staples | 0.71% |
| 40 | Lupin Limited | Healthcare | 0.71% |
| 41 | Apollo Hospitals Enterprise Limited | Healthcare | 0.7% |
| 42 | Eicher Motors Limited | Consumer Discretionary | 0.69% |
| 43 | Bajaj Auto Limited | Consumer Discretionary | 0.67% |
| 44 | EMBASSY OFFICE PARKS REIT | Real Estate | 0.66% |
| 45 | Indus Towers Limited | Telecommunication | 0.65% |
| 46 | City Union Bank Limited | Financial Services | 0.64% |
| 47 | 7.10% Central Government Securitiesbond | — | 0.6% |
| 48 | Jubilant Foodworks Limited | Consumer Discretionary | 0.59% |
| 49 | United Spirits Limited | Consumer Staples | 0.59% |
| 50 | State Bank of India (Tier 2 - Basel III)^bond | — | 0.59% |
| 51 | Tata Steel Limited | Materials | 0.57% |
| 52 | BROOKFIELD INDIA REAL ESTATE | Real Estate | 0.57% |
| 53 | Tech Mahindra Limited | Information Technology | 0.55% |
| 54 | Bharat Petroleum Corporation Limited | Energy | 0.53% |
| 55 | CREDITACCESS GRAMEEN LIMITED | Financial Services | 0.53% |
| 56 | Tata Motors Limited | Industrials | 0.51% |
| 57 | Bajaj Finance Limited | Financial Services | 0.49% |
| 58 | Hindustan Unilever Limited | Consumer Staples | 0.46% |
| 59 | Ambuja Cements Limited | Materials | 0.45% |
| 60 | Balkrishna Industries Limited | Consumer Discretionary | 0.45% |
| 61 | 9.33% 360 One Prime Limited 2028 (FRN)bond | — | 0.42% |
| 62 | LIC Housing Finance Ltd.^bond | — | 0.42% |
| 63 | 7.57% LIC Hsg Fin NCD Tr 447 Op I (MD )bond | — | 0.42% |
| 64 | SMFG India Credit Company Ltd^bond | — | 0.42% |
| 65 | Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited)^bond | — | 0.41% |
| 66 | Delhivery Limited | Services | 0.4% |
| 67 | TCPL Packaging Limited | Industrials | 0.4% |
| 68 | Punjab National Bank^bond | — | 0.4% |
| 69 | Union Bank of India (MD )bond | — | 0.4% |
| 70 | Paradeep Phosphates Limited | Materials | 0.37% |
| 71 | Aptus Value Housing Finance India Limited | Financial Services | 0.36% |
| 72 | NEXUS SELECT TRUST | Real Estate | 0.36% |
| 73 | Blue Dart Express Limited | Services | 0.35% |
| 74 | Cholamandalam Investment & Finance Co. Ltd.^bond | — | 0.34% |
| 75 | Gland Pharma Limited | Healthcare | 0.33% |
| 76 | Hindalco Industries Limited | Materials | 0.33% |
| 77 | IPCA Laboratories Limited | Healthcare | 0.33% |
| 78 | Whirlpool of India Limited | Consumer Discretionary | 0.3% |
| 79 | Suprajit Engineering Limited | Consumer Discretionary | 0.29% |
| 80 | JINDAL STEEL LIMITED | Materials | 0.28% |
| 81 | Titan Company Limited | Consumer Discretionary | 0.28% |
| 82 | Sonata Software Limited | Information Technology | 0.27% |
| 83 | POWERGRID INFRASTRUCTURE INV | Utilities | 0.27% |
| 84 | Orient Electric Limited | Consumer Discretionary | 0.26% |
| 85 | 7.10% Central Government Securitiesbond | — | 0.26% |
| 86 | 7.17% Government Securities - 17/04/20230bond | — | 0.26% |
| 87 | 7.23% Central Government Securitiesbond | — | 0.26% |
| 88 | Star Health and Allied Insurance Company Limited | Financial Services | 0.25% |
| 89 | 7.38% Central Government Securitiesbond | — | 0.25% |
| 90 | 8.95% Bharti Telecom Ltd. (MD )bond | — | 0.25% |
| 91 | 7.87% LIC Housing Finance Limitedbond | — | 0.25% |
| 92 | 7.83% Small Industries Development Bank of India (MD )bond | — | 0.25% |
| 93 | Gateway Distriparks Limited | Services | 0.24% |
| 94 | Prestige Estates Projects Limited | Real Estate | 0.23% |
| 95 | Transport Corporation of India Limited | Services | 0.22% |
| 96 | Bayer Cropscience Limited | Materials | 0.21% |
| 97 | CIE Automotive India Limited | Consumer Discretionary | 0.2% |
| 98 | The Great Eastern Shipping Company Limited | Services | 0.19% |
| 99 | Indraprastha Gas Limited | Utilities | 0.18% |
| 100 | 6.94% Central Government Securitiesbond | — | 0.17% |
| 101 | 7.06% Government of India (MD )bond | — | 0.17% |
| 102 | HDFC Bank Ltd.£^bond | — | 0.17% |
| 103 | 7.64% National Bank for Agriculture and Rural Development (MD )bond | — | 0.17% |
| 104 | NCD SMALL INDUSTRIES DEVELOPMENT BANK OF INDIAbond | — | 0.17% |
| 105 | CUBE HIGHWAYS TRUST | Real Estate | 0.16% |
| 106 | Bank of Baroda^bond | — | 0.16% |
| 107 | Biocon Limited | Healthcare | 0.15% |
| 108 | UTI Asset Management Company Limited | Financial Services | 0.15% |
| 109 | G R Infraprojects Limited | Industrials | 0.14% |
| 110 | Greenply Industries Limited | Consumer Discretionary | 0.14% |
| 111 | 7.70% National Bank for Agriculture and Rural Development (MD )bond | — | 0.13% |
| 112 | Pipeline Infrastructure Pvt. Ltd.^bond | — | 0.1% |
| 113 | 6.54% Government of India (MD )bond | — | 0.08% |
| 114 | 7.34% Central Government Securitiesbond | — | 0.08% |
| 115 | Bank of Baroda (Tier 2 - Basel III)^bond | — | 0.08% |
| 116 | National Bank for Agri & Rural Dev.^bond | — | 0.08% |
| 117 | Power Finance Corporation Ltd.^bond | — | 0.08% |
| 118 | 7.44% Power Finance Corporation Ltd. (MD )bond | — | 0.08% |
| 119 | 7.35% REC Ltd. (MD )bond | — | 0.08% |
| 120 | 7.80% National Bank for Agriculture and Rural Development (MD )bond | — | 0.04% |
| 121 | 7.18% Government Securitiesbond | — | 0.03% |
| 122 | RAAJMARG INFRA INVESTMENT TR | Services | 0.03% |
| 123 | Kwality Wall's (India) Limited | Consumer Staples | 0.01% |
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.