HDFC Value Fund

HDFC Mutual FundEquityPortfolio as of 31 August 2026

HDFC Value Fund holds 80 instruments (99.19% equity), led by ICICI Bank Limited (6.6%), HDFC Bank Limited (4.43%) and State Bank of India (3.4%), as of its 31 August 2026 SEBI-mandated monthly disclosure.

Holdings
80
Equity Allocation
99.19%
AMC
HDFC Mutual Fund
Category
Equity

This page shows the complete disclosed portfolio of HDFC Value Fund, managed by HDFC Mutual Fund, based on its monthly portfolio disclosure dated 31 August 2026. The fund holds 80 instruments with an equity allocation of 99.19%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

HDFC Value Fund's top 10 holdings account for 31.8% of its portfolio, more diversified than the Equity category average of 37%. Financial Services is its largest sector exposure at 34.13% of net assets, spread across 12 sectors in total. Since its 31 July 2026 disclosure, the fund added 5 new positions and exited 1 position, with HDFC Bank Limited seeing the largest move (-0.45pp to 4.43%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Financial Services
34.13%
Consumer Discretionary
15.57%
Healthcare
9.71%
Industrials
8.77%
Information Technology
6.39%
Telecommunication
5.17%
Consumer Staples
4.45%
Utilities
4.05%
Materials
3.64%
Energy
3.36%
Real Estate
3.06%
Services
0.89%
Other
0.81%

Top 10 Equity Holdings

What Changed: July 2026 → August 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.

5 new entries1 exit10 increased10 reduced

Biggest Weight Increases

StockWeightChange
Alkem Laboratories Limited0.57% → 0.84%▲ +0.27
Bosch Limited1.5% → 1.75%▲ +0.25
Apar Industries Limited1.19% → 1.37%▲ +0.18
Sterlite Technologies Limited1.19% → 1.37%▲ +0.18
Electronics Mart India Limited0.57% → 0.75%▲ +0.18
Divi's Laboratories Limited1.42% → 1.6%▲ +0.18
Multi Commodity Exchange of India Limited0.85% → 1.03%▲ +0.18
HDFC Life Insurance Company Limited0.83% → 0.99%▲ +0.16
Baazar Style Retail Limited0.36% → 0.48%▲ +0.12
Technocraft Industries (India) Limited0.49% → 0.6%▲ +0.11

Biggest Weight Reductions

StockWeightChange
HDFC Bank Limited4.88% → 4.43%▼ -0.45
Bharti Airtel Limited3.23% → 2.85%▼ -0.38
Godrej Consumer Products Limited1.24% → 1%▼ -0.24
Infosys Limited2.42% → 2.19%▼ -0.23
SBI Life Insurance Company Limited2.02% → 1.79%▼ -0.23
NTPC Limited2.19% → 1.98%▼ -0.21
ICICI Bank Limited6.78% → 6.6%▼ -0.18
Lupin Limited1.44% → 1.26%▼ -0.18
Reliance Industries Limited2.06% → 1.93%▼ -0.13
Uniparts India Limited0.48% → 0.35%▼ -0.13

Top Holdings — Weight Trend

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

Mar: 6.86%, Apr: 6.47%, May: 6.44%, Jun: 6.8%, Jul: 6.78%, Aug: 6.6%
6.6%
Mar: 5.74%, Apr: 5.45%, May: 5.26%, Jun: 5.44%, Jul: 4.88%, Aug: 4.43%
4.43%
Mar: 4.01%, Apr: 3.94%, May: 3.49%, Jun: 3.59%, Jul: 3.43%, Aug: 3.4%
3.4%
Mar: 4.27%, Apr: 4.2%, May: 4.27%, Jun: 4.3%, Jul: 3.25%, Aug: 3.3%
3.3%
Mar: 3.52%, Apr: 3.35%, May: 3.25%, Jun: 3.17%, Jul: 3.23%, Aug: 2.85%
2.85%

Full Portfolio (80 holdings)

#HoldingSector% to NAV
1ICICI Bank LimitedFinancial Services6.6%
2HDFC Bank LimitedFinancial Services4.43%
3State Bank of IndiaFinancial Services3.4%
4Axis Bank LimitedFinancial Services3.3%
5Bharti Airtel LimitedTelecommunication2.85%
6Larsen & Toubro LimitedIndustrials2.57%
7AU Small Finance Bank LimitedFinancial Services2.29%
8Infosys LimitedInformation Technology2.19%
9Sun Pharmaceutical Industries LimitedHealthcare2.16%
10Bharat Electronics LimitedIndustrials2.01%
11NTPC LimitedUtilities1.98%
12Reliance Industries LimitedEnergy1.93%
13SBI Life Insurance Company LimitedFinancial Services1.79%
14Bosch LimitedConsumer Discretionary1.75%
15ETERNAL LIMITEDConsumer Discretionary1.75%
16Tech Mahindra LimitedInformation Technology1.67%
17Divi's Laboratories LimitedHealthcare1.6%
18Prestige Estates Projects LimitedReal Estate1.57%
19Global Health LimitedHealthcare1.54%
20Acme Solar Holdings LimitedUtilities1.52%
21The Phoenix Mills LimitedReal Estate1.49%
22Maruti Suzuki India LimitedConsumer Discretionary1.48%
23HCL Technologies LimitedInformation Technology1.43%
24United Spirits LimitedConsumer Staples1.42%
25Five-Star Business Finance LimitedFinancial Services1.39%
26Tata Capital LimitedFinancial Services1.39%
27Apar Industries LimitedIndustrials1.37%
28Sterlite Technologies LimitedTelecommunication1.37%
29Eicher Motors LimitedConsumer Discretionary1.35%
30PNB Housing Finance LimitedFinancial Services1.33%
31Sona BLW Precision Forgings LimitedConsumer Discretionary1.27%
32Lupin LimitedHealthcare1.26%
33Bajaj Auto LimitedConsumer Discretionary1.25%
34Britannia Industries LimitedConsumer Staples1.21%
35Karur Vysya Bank LimitedFinancial Services1.09%
36Max Financial Services LimitedFinancial Services1.06%
37Multi Commodity Exchange of India LimitedFinancial Services1.03%
38Godrej Consumer Products LimitedConsumer Staples1%
39HDFC Life Insurance Company LimitedFinancial Services0.99%
40UltraTech Cement LimitedMaterials0.98%
41Trent LimitedConsumer Discretionary0.96%
42Tata Communications LimitedTelecommunication0.95%
43Max Healthcare Institute LimitedHealthcare0.93%
44360 ONE WAM LIMITEDFinancial Services0.92%
45Info Edge (India) LimitedConsumer Discretionary0.91%
46Equitas Small Finance Bank LimitedFinancial Services0.89%
47InterGlobe Aviation LimitedServices0.89%
48Tube Investments of India LimitedConsumer Discretionary0.87%
49Alkem Laboratories LimitedHealthcare0.84%
50WeWork India Management LimitedIndustrials0.84%
51Ambuja Cements LimitedMaterials0.83%
52Hyundai Motor India LimitedConsumer Discretionary0.83%
53Mahindra & Mahindra Financial Services LimitedFinancial Services0.83%
54TREPS - Tri-party Repotreps—0.83%
55Hindustan Unilever LimitedConsumer Staples0.82%
56Aavas Financiers LimitedFinancial Services0.8%
57Bharat Petroleum Corporation LimitedEnergy0.78%
58Chalet Hotels LimitedConsumer Discretionary0.77%
59JINDAL STEEL LIMITEDMaterials0.76%
60Jubilant Ingrevia LimitedMaterials0.76%
61Electronics Mart India LimitedConsumer Discretionary0.75%
62Balkrishna Industries LimitedConsumer Discretionary0.68%
63Hindustan Petroleum Corporation LimitedEnergy0.65%
64ICICI Prudential Asset Management Company LimitedFinancial Services0.6%
65Technocraft Industries (India) LimitedIndustrials0.6%
66MphasiS LimitedInformation Technology0.59%
67CESC LimitedUtilities0.55%
68Zensar Technologies LimitedInformation Technology0.51%
69Rubicon Research LimitedHealthcare0.49%
70Baazar Style Retail LimitedConsumer Discretionary0.48%
71Techno Electric & Engineering Company LimitedIndustrials0.48%
72Diamond Power Infrastructure LimitedIndustrials0.45%
73Indoco Remedies LimitedHealthcare0.45%
74MOLBIO DIAGNOSTICS LTDHealthcare0.44%
75GMM Pfaudler LimitedIndustrials0.38%
76Uniparts India LimitedConsumer Discretionary0.35%
77AUGMONT ENTERPRISES LTDMaterials0.31%
78Popular Vehicles and Services LimitedConsumer Discretionary0.12%
79LUMINO INDUSTRIES LTDIndustrials0.07%
80Net Current Assetsother—-0.02%

More funds from HDFC Mutual Fund

All HDFC Mutual Fund schemes →

Frequently Asked Questions

Yes. As of its 31 August 2026 disclosure, ICICI Bank Limited is 6.6% of HDFC Value Fund's net assets — its number 1 holding.
Yes. As of its 31 August 2026 disclosure, HDFC Bank Limited is 4.43% of HDFC Value Fund's net assets — its number 2 holding.
Yes. As of its 31 August 2026 disclosure, State Bank of India is 3.4% of HDFC Value Fund's net assets — its number 3 holding.
Yes. As of its 31 August 2026 disclosure, Axis Bank Limited is 3.3% of HDFC Value Fund's net assets — its number 4 holding.
Yes. As of its 31 August 2026 disclosure, Bharti Airtel Limited is 2.85% of HDFC 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: HDFC Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 August 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.