HDFC Small Cap Fund

HDFC Mutual FundEquityPortfolio as of 31 July 2026

HDFC Small Cap Fund holds 86 instruments (90.02% equity), led by Firstsource Solutions Limited (4.24%), Aster DM Healthcare Limited (3.89%) and Gabriel India Limited (3.34%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

90.02%

AMC

HDFC Mutual Fund

Portfolio Analysis

HDFC Small Cap Fund's top 10 holdings account for 27.02% of its portfolio, more diversified than the Equity category average of 37.5%. Consumer Discretionary is its largest sector exposure at 25.63% of net assets, spread across 9 sectors in total. Since its 30 June 2026 disclosure, the fund added 1 new position and exited 0 positions, with Firstsource Solutions Limited seeing the largest move (+0.93pp to 4.24%).

Top 10 Equity Holdings

Firstsource Solutions Limited · 4.24%Aster DM Healthcare Limited · 3.89%Gabriel India Limited · 3.34%eClerx Services Limited · 2.85%Bank of Baroda · 2.73%Krishna Institute of Medical Sciences Limited · 2.15%Eris Lifesciences Limited · 2.1%Fortis Healthcare Limited · 1.99%Indian Bank · 1.94%The Federal Bank Limited · 1.79%

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.

1 new entry10 increased10 reduced

New Entries

JUPITER LIFE LINE HOSPITALS · 0.14%

Biggest Weight Increases

Stock	Weight	Change
Firstsource Solutions Limited	3.31% → 4.24%	▲ +0.93
eClerx Services Limited	2.1% → 2.85%	▲ +0.75
Vijaya Diagnostic Centre Limited	1.06% → 1.46%	▲ +0.4
Gabriel India Limited	3% → 3.34%	▲ +0.34
Sonata Software Limited	1.33% → 1.55%	▲ +0.22
PVR INOX Limited	1.36% → 1.57%	▲ +0.21
Mastek Limited	0.53% → 0.71%	▲ +0.18
Sudarshan Chemical Industries Limited	1.26% → 1.41%	▲ +0.15
Zensar Technologies Limited	0.88% → 1.02%	▲ +0.14
Redington Limited	0.93% → 1.05%	▲ +0.12

Biggest Weight Reductions

Stock	Weight	Change
Bank of Baroda	3.16% → 2.73%	▼ -0.43
Apar Industries Limited	1.96% → 1.62%	▼ -0.34
Fortis Healthcare Limited	2.24% → 1.99%	▼ -0.25
Eris Lifesciences Limited	2.33% → 2.1%	▼ -0.23
The Great Eastern Shipping Company Limited	1.66% → 1.47%	▼ -0.19
Timken India Limited	1.5% → 1.32%	▼ -0.18
CIE Automotive India Limited	1.23% → 1.06%	▼ -0.17
Vardhman Textiles Limited	1.48% → 1.31%	▼ -0.17
Vishal Mega Mart Limited	1.2% → 1.05%	▼ -0.15
Power Mech Projects Limited	1.5% → 1.35%	▼ -0.15

Top Holdings — Weight Trend

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

Firstsource Solutions Limited

4.24%

Aster DM Healthcare Limited

3.89%

Gabriel India Limited

3.34%

eClerx Services Limited

2.85%

Bank of Baroda

2.73%

Full Portfolio (86 holdings)

#	Holding	Sector	% to NAV
1	TREPS - Tri-party Repotreps	—	9.94%
2	Firstsource Solutions Limited	Industrials	4.24%
3	Aster DM Healthcare Limited	Healthcare	3.89%
4	Gabriel India Limited	Consumer Discretionary	3.34%
5	eClerx Services Limited	Industrials	2.85%
6	Bank of Baroda	Financial Services	2.73%
7	Krishna Institute of Medical Sciences Limited	Healthcare	2.15%
8	Eris Lifesciences Limited	Healthcare	2.1%
9	Fortis Healthcare Limited	Healthcare	1.99%
10	Indian Bank	Financial Services	1.94%
11	The Federal Bank Limited	Financial Services	1.79%
12	Home First Finance Company India Limited	Financial Services	1.73%
13	Apar Industries Limited	Industrials	1.62%
14	PVR INOX Limited	Consumer Discretionary	1.57%
15	Sonata Software Limited	Information Technology	1.55%
16	The Great Eastern Shipping Company Limited	Services	1.47%
17	Chalet Hotels Limited	Consumer Discretionary	1.46%
18	Vijaya Diagnostic Centre Limited	Healthcare	1.46%
19	Kalpataru Projects International Limited	Industrials	1.43%
20	Suprajit Engineering Limited	Consumer Discretionary	1.43%
21	Pearl Global Industries Limited	Consumer Discretionary	1.42%
22	Sudarshan Chemical Industries Limited	Materials	1.41%
23	Godrej Consumer Products Limited	Consumer Staples	1.4%
24	Aditya Vision Limited	Consumer Discretionary	1.35%
25	Power Mech Projects Limited	Industrials	1.35%
26	City Union Bank Limited	Financial Services	1.32%
27	Timken India Limited	Industrials	1.32%
28	Vardhman Textiles Limited	Consumer Discretionary	1.31%
29	Blue Dart Express Limited	Services	1.25%
30	Dodla Dairy Limited	Consumer Staples	1.24%
31	Equitas Small Finance Bank Limited	Financial Services	1.23%
32	Fiem Industries Limited	Consumer Discretionary	1.23%
33	JSW Dulux Limited	Consumer Discretionary	1.22%
34	JK Tyre & Industries Limited	Consumer Discretionary	1.09%
35	Sharda Cropchem Limited	Materials	1.07%
36	CIE Automotive India Limited	Consumer Discretionary	1.06%
37	LG Balakrishnan & Bros Limited	Consumer Discretionary	1.06%
38	Transport Corporation of India Limited	Services	1.06%
39	Redington Limited	Industrials	1.05%
40	Vishal Mega Mart Limited	Consumer Discretionary	1.05%
41	Zensar Technologies Limited	Information Technology	1.02%
42	Voltamp Transformers Limited	Industrials	0.96%
43	Shoppers Stop Limited	Consumer Discretionary	0.94%
44	VRL Logistics Limited	Services	0.92%
45	Chambal Fertilizers & Chemicals Limited	Materials	0.9%
46	Kirloskar Ferrous Industries Limited	Materials	0.9%
47	NRB Bearing Limited	Consumer Discretionary	0.86%
48	UTI Asset Management Company Limited	Financial Services	0.86%
49	Indigo Paints Limited	Consumer Discretionary	0.83%
50	Tega Industries Limited	Industrials	0.83%
51	Lumax Industries Limited	Consumer Discretionary	0.77%
52	PNC Infratech Limited	Industrials	0.77%
53	The Anup Engineering Limited	Industrials	0.77%
54	SKF India (Industrial) Limited	Industrials	0.73%
55	Mastek Limited	Information Technology	0.71%
56	Redtape Limited	Consumer Discretionary	0.71%
57	Tata Steel Limited	Materials	0.7%
58	Aadhar Housing Finance Limited	Financial Services	0.67%
59	Bajaj Consumer Care Limited	Consumer Staples	0.67%
60	Unichem Laboratories Limited	Healthcare	0.61%
61	KEC International Limited	Industrials	0.56%
62	Bajaj Electricals Limited	Consumer Discretionary	0.5%
63	ION Exchange (India) Limited	Utilities	0.49%
64	Gateway Distriparks Limited	Services	0.47%
65	Wakefit Innovations Limited	Consumer Discretionary	0.46%
66	Awfis Space Solutions Limited	Industrials	0.45%
67	GMM Pfaudler Limited	Industrials	0.44%
68	GNA Axles Limited	Consumer Discretionary	0.42%
69	KEI Industries Limited	Industrials	0.42%
70	La Opala RG Limited	Consumer Discretionary	0.42%
71	Vesuvius India Limited	Industrials	0.42%
72	Insecticides (India) Limited	Materials	0.4%
73	SKF India Limited	Consumer Discretionary	0.39%
74	IFGL Refractories Limited	Industrials	0.33%
75	Emami Limited	Consumer Staples	0.32%
76	G R Infraprojects Limited	Industrials	0.32%
77	Gujarat Pipavav Port Limited	Services	0.32%
78	Brainbees Solutions Limited	Consumer Discretionary	0.25%
79	Goodyear India Limited	Consumer Discretionary	0.25%
80	Sula Vineyards Limited	Consumer Staples	0.25%
81	D.B.Corp Limited	Consumer Discretionary	0.24%
82	BEML Limited	Industrials	0.17%
83	Carborundum Universal Limited	Industrials	0.17%
84	JUPITER LIFE LINE HOSPITALS	Healthcare	0.14%
85	TCI Express Limited	Services	0.06%
86	Net Current Assetsother	—	0.04%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, Firstsource Solutions Limited is 4.24% of HDFC Small Cap Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, Aster DM Healthcare Limited is 3.89% of HDFC Small Cap Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Gabriel India Limited is 3.34% of HDFC Small Cap Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, eClerx Services Limited is 2.85% of HDFC Small Cap Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Bank of Baroda is 2.73% of HDFC Small 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: 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.