HSBC Arbitrage Fund holds 137 instruments (70.32% equity), led by HDFC Bank Limited (4.95%), Steel Authority of India Limited (3.92%) and ICICI Bank Limited (3.91%), as of its 31 August 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of HSBC Arbitrage Fund, managed by HSBC Mutual Fund, based on its monthly portfolio disclosure dated 31 August 2026. The fund holds 137 instruments with an equity allocation of 70.32%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
HSBC Arbitrage Fund's top 10 holdings account for 29% of its portfolio, in line with the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 34.31% of net assets, spread across 12 sectors in total. Since its 31 July 2026 disclosure, the fund added 25 new positions and exited 13 positions, with Steel Authority of India Limited seeing the largest move (+1.99pp to 3.92%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
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 |
|---|---|---|
| Steel Authority of India Limited | 1.93% → 3.92% | ▲ +1.99 |
| Varun Beverages Limited | 0.14% → 1.64% | ▲ +1.5 |
| Axis Bank Limited | 0.36% → 1.64% | ▲ +1.28 |
| ICICI Bank Limited | 2.71% → 3.91% | ▲ +1.2 |
| Tata Steel Limited | 0.08% → 0.9% | ▲ +0.82 |
| Bharti Airtel Limited | 0.03% → 0.7% | ▲ +0.67 |
| Coal India Limited | 0.14% → 0.52% | ▲ +0.38 |
| Indian Energy Exchange Limited | 1.02% → 1.37% | ▲ +0.35 |
| Bajaj Finance Limited | 0.17% → 0.43% | ▲ +0.26 |
| Manappuram Finance Limited | 0.87% → 1.1% | ▲ +0.23 |
| Stock | Weight | Change |
|---|---|---|
| Adani Energy Solutions Limited | 3.15% → 1.4% | ▼ -1.75 |
| AU Small Finance Bank Limited | 2.03% → 1.04% | ▼ -0.99 |
| Hindustan Petroleum Corporation Limited | 1.24% → 0.35% | ▼ -0.89 |
| Voltas Limited | 1.18% → 0.32% | ▼ -0.86 |
| Container Corporation of India Limited | 1.35% → 0.67% | ▼ -0.68 |
| Hindalco Industries Limited | 0.79% → 0.13% | ▼ -0.66 |
| Crompton Greaves Consumer Electricals Limited | 2.25% → 1.65% | ▼ -0.6 |
| HDFC Bank Limited | 5.44% → 4.95% | ▼ -0.49 |
| Jio Financial Services Limited | 2.03% → 1.57% | ▼ -0.46 |
| Zydus Lifesciences Limited | 0.47% → 0.01% | ▼ -0.46 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Mar – Aug 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | HSBC Money Market Fund - Direct Growthmf | — | 15.76% |
| 2 | HDFC Bank Limited | Financial Services | 4.95% |
| 3 | Steel Authority of India Limited | Materials | 3.92% |
| 4 | ICICI Bank Limited | Financial Services | 3.91% |
| 5 | Canara Bank | Financial Services | 3.52% |
| 6 | Bandhan Bank Limited | Financial Services | 2.78% |
| 7 | Adani Power Limited | Utilities | 2.66% |
| 8 | Indian Bank 2027bond | — | 2.23% |
| 9 | National Bank for Agriculture and Rural Developmentbond | — | 2.2% |
| 10 | Yes Bank Limited | Financial Services | 2.12% |
| 11 | HSBC Ultra Short Duration Fund - Direct Growthmf | — | 1.93% |
| 12 | TREPStreps | — | 1.82% |
| 13 | Punjab National Bank | Financial Services | 1.81% |
| 14 | Godrej Properties Limited | Real Estate | 1.67% |
| 15 | HDFC Life Insurance Company Limited | Financial Services | 1.66% |
| 16 | Crompton Greaves Consumer Electricals Limited | Consumer Discretionary | 1.65% |
| 17 | Varun Beverages Limited | Consumer Staples | 1.64% |
| 18 | Axis Bank Limited | Financial Services | 1.64% |
| 19 | Jio Financial Services Limited | Financial Services | 1.57% |
| 20 | NMDC Limited | Materials | 1.49% |
| 21 | AXIS BANK LTD CD REDbond | — | 1.48% |
| 22 | Bank of Barodabond | — | 1.48% |
| 23 | Adani Energy Solutions Limited | Utilities | 1.4% |
| 24 | Indian Energy Exchange Limited | Financial Services | 1.37% |
| 25 | IDFC First Bank Limited | Financial Services | 1.35% |
| 26 | Reliance Industries Limited | Energy | 1.32% |
| 27 | JSW Steel Limited | Materials | 1.29% |
| 28 | Kalyan Jewellers India Limited | Consumer Discretionary | 1.26% |
| 29 | Glenmark Pharmaceuticals Limited | Healthcare | 1.21% |
| 30 | Manappuram Finance Limited | Financial Services | 1.1% |
| 31 | AU Small Finance Bank Limited | Financial Services | 1.04% |
| 32 | Indus Towers Limited | Telecommunication | 0.99% |
| 33 | Infosys Limited | Information Technology | 0.97% |
| 34 | Ambuja Cements Limited | Materials | 0.96% |
| 35 | ITC Limited | Consumer Staples | 0.94% |
| 36 | Tata Steel Limited | Materials | 0.9% |
| 37 | LIC Housing Finance Limited | Financial Services | 0.81% |
| 38 | NBCC (India) Limited | Industrials | 0.79% |
| 39 | Small Industries Development Bank of Indiabond | — | 0.75% |
| 40 | CD - Axis Bank Ltdbond | — | 0.74% |
| 41 | Small Industries Dev Bank of Indiabond | — | 0.74% |
| 42 | Punjab National Bank (MD )bond | — | 0.74% |
| 43 | Inox Wind Limited | Industrials | 0.73% |
| 44 | Bharti Airtel Limited | Telecommunication | 0.7% |
| 45 | Vodafone Idea Limited | Telecommunication | 0.7% |
| 46 | HDFC Asset Management Company Limited | Financial Services | 0.68% |
| 47 | Container Corporation of India Limited | Services | 0.67% |
| 48 | State Bank of India | Financial Services | 0.66% |
| 49 | Bharat Heavy Electricals Limited | Industrials | 0.61% |
| 50 | Coal India Limited | Energy | 0.52% |
| 51 | Hindustan Unilever Limited | Consumer Staples | 0.5% |
| 52 | Bank of India | Financial Services | 0.49% |
| 53 | Power Finance Corporation Limited | Financial Services | 0.48% |
| 54 | Adani Enterprises Limited | Materials | 0.48% |
| 55 | Biocon Limited | Healthcare | 0.46% |
| 56 | Cummins India Limited | Industrials | 0.44% |
| 57 | Bajaj Finance Limited | Financial Services | 0.43% |
| 58 | MphasiS Limited | Information Technology | 0.38% |
| 59 | The Federal Bank Limited | Financial Services | 0.35% |
| 60 | Hindustan Petroleum Corporation Limited | Energy | 0.35% |
| 61 | Voltas Limited | Consumer Discretionary | 0.32% |
| 62 | Tata Motors Passenger Vehicles Limited | Consumer Discretionary | 0.31% |
| 63 | Life Insurance Corporation Of India | Financial Services | 0.27% |
| 64 | Indian Oil Corporation Limited | Energy | 0.24% |
| 65 | Adani Green Energy Limited | Utilities | 0.23% |
| 66 | Bank of Baroda | Financial Services | 0.22% |
| 67 | Apollo Hospitals Enterprise Limited | Healthcare | 0.22% |
| 68 | Max Financial Services Limited | Financial Services | 0.2% |
| 69 | TATA CONSUMER PRODUCTS LIMITED | Consumer Staples | 0.2% |
| 70 | The Indian Hotels Company Limited | Consumer Discretionary | 0.2% |
| 71 | Hitachi Energy India Limited | Industrials | 0.19% |
| 72 | Maruti Suzuki India Limited | Consumer Discretionary | 0.19% |
| 73 | GE Vernova T&D India Limited | Industrials | 0.17% |
| 74 | SBI Life Insurance Company Limited | Financial Services | 0.16% |
| 75 | Adani Ports and Special Economic Zone Limited | Services | 0.14% |
| 76 | Hindalco Industries Limited | Materials | 0.13% |
| 77 | Fortis Healthcare Limited | Healthcare | 0.13% |
| 78 | Aditya Birla Capital Limited | Financial Services | 0.12% |
| 79 | Bharat Electronics Limited | Industrials | 0.12% |
| 80 | Computer Age Management Services Limited | Financial Services | 0.12% |
| 81 | Muthoot Finance Limited | Financial Services | 0.12% |
| 82 | Kotak Mahindra Bank Limited | Financial Services | 0.11% |
| 83 | RBL Bank Limited | Financial Services | 0.11% |
| 84 | DLF Limited | Real Estate | 0.11% |
| 85 | Godrej Consumer Products Limited | Consumer Staples | 0.11% |
| 86 | Aurobindo Pharma Limited | Healthcare | 0.1% |
| 87 | Bharat Forge Limited | Consumer Discretionary | 0.1% |
| 88 | Bajaj Holdings & Investment Limited | Financial Services | 0.1% |
| 89 | GAIL (India) Limited | Utilities | 0.09% |
| 90 | Suzlon Energy Limited | Industrials | 0.09% |
| 91 | UPL Limited | Materials | 0.08% |
| 92 | Tata Power Company Limited | Utilities | 0.07% |
| 93 | NTPC Limited | Utilities | 0.07% |
| 94 | Patanjali Foods Limited | Consumer Staples | 0.07% |
| 95 | Dabur India Limited | Consumer Staples | 0.06% |
| 96 | Hindustan Aeronautics Limited | Industrials | 0.06% |
| 97 | Tube Investments of India Limited | Consumer Discretionary | 0.05% |
| 98 | SAGILITY LIMITED | Information Technology | 0.05% |
| 99 | ICICI Lombard General Insurance Company Limited | Financial Services | 0.05% |
| 100 | APL Apollo Tubes Limited | Industrials | 0.05% |
| 101 | Vedanta Limited | Materials | 0.05% |
| 102 | Marico Limited | Consumer Staples | 0.04% |
| 103 | JINDAL STEEL LIMITED | Materials | 0.03% |
| 104 | Power Grid Corporation of India Limited | Utilities | 0.03% |
| 105 | Tech Mahindra Limited | Information Technology | 0.03% |
| 106 | United Spirits Limited | Consumer Staples | 0.02% |
| 107 | Tata Consultancy Services Limited | Information Technology | 0.02% |
| 108 | Larsen & Toubro Limited | Industrials | 0.02% |
| 109 | SRF Limited | Materials | 0.02% |
| 110 | Divi's Laboratories Limited | Healthcare | 0.02% |
| 111 | Torrent Pharmaceuticals Limited | Healthcare | 0.02% |
| 112 | Samvardhana Motherson International Limited | Consumer Discretionary | 0.02% |
| 113 | Cipla Limited | Healthcare | 0.01% |
| 114 | Coforge Limited | Information Technology | 0.01% |
| 115 | Asian Paints Limited | Consumer Discretionary | 0.01% |
| 116 | PG Electroplast Limited | Consumer Discretionary | 0.01% |
| 117 | Zydus Lifesciences Limited | Healthcare | 0.01% |
| 118 | Union Bank of India | Financial Services | 0.01% |
| 119 | Hindustan Zinc Limited | Materials | 0.01% |
| 120 | Mankind Pharma Limited | Healthcare | 0.01% |
| 121 | Bajaj Auto Limited | Consumer Discretionary | 0.01% |
| 122 | Max Healthcare Institute Limited | Healthcare | 0.01% |
| 123 | Alkem Laboratories Limited | Healthcare | 0.01% |
| 124 | Delhivery Limited | Services | 0.01% |
| 125 | Lupin Limited | Healthcare | 0.01% |
| 126 | Ashok Leyland Limited | Industrials | 0.01% |
| 127 | Petronet LNG Limited | Utilities | 0.01% |
| 128 | ETERNAL LIMITED | Consumer Discretionary | 0% |
| 129 | HCL Technologies Limited | Information Technology | 0% |
| 130 | UltraTech Cement Limited | Materials | 0% |
| 131 | Motilal Oswal Financial Services Limited | Financial Services | 0% |
| 132 | Eicher Motors Limited | Consumer Discretionary | 0% |
| 133 | PNB Housing Finance Limited | Financial Services | 0% |
| 134 | Supreme Industries Limited | Industrials | 0% |
| 135 | Bajaj Finserv Limited | Financial Services | 0% |
| 136 | Vishal Mega Mart Limited | Consumer Discretionary | 0% |
| 137 | Net Current Assets (including cash & bank balances)other | — | -0.19% |
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: HSBC 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.