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Focused · HDFC Mutual Fund · AMFI code 102760HDFC Focused Fund
Disclosed for 10 months, Jan 2026 to Oct 2026.Published as: HDFC Focused Fund (An open ended equity scheme investing in maximum 30 stocks in large-cap, mid-cap and small-cap category i.e. Multi-Cap)
Portfolio value
₹26,956 Cr
up ₹403 Cr vs Sep 2026
- Stocks held
- 29
- unchanged
- Top 10 weight
- 56.2%
- of the portfolio in its ten largest
- Cash & debt
- 4.9%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 13
Holdings as of the end of October 2026, from HDFC Mutual Fund’s monthly portfolio disclosure. Fund houses publish each month’s portfolio within 10 days of the month end, and this page is updated after they do. How the data is checked
HDFC Focused Fund is an active equity fund in the Focused category from HDFC Mutual Fund. In October 2026 it disclosed 29 stocks worth ₹26,956 Cr, up ₹403 Cr from Sep 2026. Its largest positions were ICICI Bank Limited (9.5%), HDFC Bank Limited (8.4%), Kotak Mahindra Bank Limited (7.6%); the ten largest together made up 56.2% of the portfolio, and Banks was the biggest sector at 40.3% of its equity. Cash and debt stood at 4.9%. Compared with Sep 2026 the fund entered 0 new stocks and exited 0.
Against 26 other Focused funds
Concentration
81%
Top-10 weight is higher than 81% of peers
Breadth
35%
Holds more stocks than 35% of peers
Cash
62%
Holds more cash than 62% of peers
What these mean: concentration · cash
Holdings in October 2026
Download CSVEvery line the fund disclosed, with the change against Sep 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 9.54% | up 0.38 pts | ₹2,572 Cr | up ₹140 Cr | Added |
| HDFC Bank Limited | 8.42% | up 0.59 pts | ₹2,270 Cr | up ₹192 Cr | Added |
| Kotak Mahindra Bank Limited | 7.62% | up 0.71 pts | ₹2,053 Cr | up ₹218 Cr | Added |
| Eternal Limited | 5.49% | up 0.61 pts | ₹1,479 Cr | up ₹185 Cr | Added |
| Axis Bank Limited | 5.24% | down 1.00 pts | ₹1,412 Cr | down ₹245 Cr | Trimmed |
| State Bank of India | 5.04% | down 0.06 pts | ₹1,358 Cr | up ₹3.3 Cr | Held |
| Cash, TREPS & receivables | 4.70% | up 1.97 pts | ₹1,268 Cr | up ₹542 Cr | Added |
| Sun Pharmaceutical Industries Limited | 3.98% | down 0.09 pts | ₹1,074 Cr | down ₹6.7 Cr | Trimmed |
| InterGlobe Aviation Limited | 3.86% | down 0.14 pts | ₹1,039 Cr | down ₹22.7 Cr | Trimmed |
| Bharti Airtel Limited | 3.60% | up 0.40 pts | ₹970 Cr | up ₹120 Cr | Added |
| Aster DM Healthcare Limited | 3.44% | up 0.14 pts | ₹927 Cr | up ₹51.1 Cr | Added |
| Eicher Motors Limited | 3.20% | down 0.02 pts | ₹863 Cr | up ₹8.4 Cr | Added |
| Maruti Suzuki India Limited | 3.19% | down 0.21 pts | ₹859 Cr | down ₹42.9 Cr | Trimmed |
| SBI Life Insurance Company Limited | 2.91% | down 0.11 pts | ₹784 Cr | down ₹17.9 Cr | Trimmed |
| Karur Vysya Bank Limited | 2.51% | up 0.19 pts | ₹675 Cr | up ₹59.4 Cr | Added |
| Bosch Limited | 2.47% | down 0.03 pts | ₹667 Cr | up ₹1.4 Cr | Held |
| Cipla Limited | 2.42% | up 0.02 pts | ₹653 Cr | up ₹15.6 Cr | Added |
| FSN E-Commerce Ventures Limited | 2.40% | up 0.17 pts | ₹646 Cr | up ₹54.3 Cr | Added |
| Adani Green Energy Limited | 2.36% | up <0.01 pts | ₹636 Cr | up ₹10.1 Cr | Added |
| Havells India Limited | 2.28% | down 0.04 pts | ₹615 Cr | down ₹1.3 Cr | Held |
| Hyundai Motor India Ltd | 1.80% | down 0.14 pts | ₹486 Cr | down ₹30.5 Cr | Trimmed |
| Nexus Select Trust REIT / InvIT | 1.78% | down 0.11 pts | ₹479 Cr | down ₹22.9 Cr | Trimmed |
| JSW Infrastructure Ltd | 1.69% | down 0.25 pts | ₹455 Cr | down ₹58.3 Cr | Trimmed |
| Chalet Hotels Limited | 1.66% | down 0.11 pts | ₹447 Cr | down ₹21.9 Cr | Trimmed |
| Tata Steel Limited | 1.60% | down 0.19 pts | ₹431 Cr | down ₹42.9 Cr | Trimmed |
| PB Fintech Limited | 1.40% | up 0.24 pts | ₹378 Cr | up ₹68.1 Cr | Added |
| Metropolis Healthcare Limited | 1.38% | down 0.01 pts | ₹371 Cr | up ₹2.7 Cr | Added |
| CG Power and Industrial Solutions Limited | 1.28% | up 0.14 pts | ₹344 Cr | up ₹41 Cr | Added |
| Amber Enterprises India Limited | 1.12% | down 0.17 pts | ₹303 Cr | down ₹41.7 Cr | Trimmed |
| Restaurant Brands Asia Limited | 0.73% | down 0.04 pts | ₹196 Cr | down ₹8.6 Cr | Trimmed |
| HCL Technologies Limited | 0.72% | down 2.82 pts | ₹194 Cr | down ₹746 Cr | Trimmed |
| Government of India Debt | 0.19% | down <0.01 pts | ₹50.2 Cr | down ₹21 L | Held |
What changed, Sep 2026 to Oct 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Kotak Mahindra Bank Limitedup ₹218 Cr (+0.71% pts)
- HDFC Bank Limitedup ₹192 Cr (+0.59% pts)
- Eternal Limitedup ₹185 Cr (+0.61% pts)
- ICICI Bank Limitedup ₹140 Cr (+0.38% pts)
- Bharti Airtel Limitedup ₹120 Cr (+0.40% pts)
- PB Fintech Limitedup ₹68.1 Cr (+0.24% pts)
- Karur Vysya Bank Limitedup ₹59.4 Cr (+0.19% pts)
- FSN E-Commerce Ventures Limitedup ₹54.3 Cr (+0.17% pts)
- Aster DM Healthcare Limitedup ₹51.1 Cr (+0.14% pts)
- CG Power and Industrial Solutions Limitedup ₹41 Cr (+0.14% pts)
Trimmed Biggest reductions
- HCL Technologies Limiteddown ₹746 Cr (−2.82% pts)
- Axis Bank Limiteddown ₹245 Cr (−1.00% pts)
- JSW Infrastructure Ltddown ₹58.3 Cr (−0.25% pts)
- Maruti Suzuki India Limiteddown ₹42.9 Cr (−0.21% pts)
- Tata Steel Limiteddown ₹42.9 Cr (−0.19% pts)
- Amber Enterprises India Limiteddown ₹41.7 Cr (−0.17% pts)
- Hyundai Motor India Ltddown ₹30.5 Cr (−0.14% pts)
- InterGlobe Aviation Limiteddown ₹22.7 Cr (−0.14% pts)
- Chalet Hotels Limiteddown ₹21.9 Cr (−0.11% pts)
- SBI Life Insurance Company Limiteddown ₹17.9 Cr (−0.11% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Sep 2026, the weight rose most in Banks (+1.6 pts) and Retailing (+1.0 pts), and fell most in IT - Software (−2.9 pts) and Transport Infrastructure (−0.2 pts).
- Banks38.7% → 40.3%+1.6 pts
- Retailing7.3% → 8.3%+1.0 pts
- Telecom - Services3.3% → 3.8%+0.5 pts
- Financial Technology (fintech)1.2% → 1.5%+0.3 pts
- Healthcare Services4.8% → 5.1%+0.2 pts
- Electrical Equipment1.2% → 1.3%+0.2 pts
- IT - Software3.6% → 0.8%−2.9 pts
- Transport Infrastructure2.0% → 1.8%−0.2 pts
- Automobiles8.8% → 8.6%−0.2 pts
- Ferrous Metals1.8% → 1.7%−0.2 pts
- Consumer Durables3.7% → 3.6%−0.1 pts
- Leisure Services2.6% → 2.5%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Apr 2026 | Jul 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|
| Banks | 41.2% | 38.3% | 38.7% | 40.3% |
| Automobiles | 9.1% | 9.6% | 8.8% | 8.6% |
| Retailing | 6.0% | 7.2% | 7.3% | 8.3% |
| Pharmaceuticals & Biotechnology | 5.5% | 6.7% | 6.7% | 6.7% |
| Healthcare Services | 1.3% | 1.5% | 4.8% | 5.1% |
| Transport Services | 3.3% | 4.1% | 4.1% | 4.1% |
| Telecom - Services | 4.0% | 3.6% | 3.3% | 3.8% |
| Consumer Durables | 4.5% | 4.3% | 3.7% | 3.6% |
| Insurance | 3.9% | 3.7% | 3.1% | 3.1% |
| Auto Components | 3.3% | 2.2% | 2.6% | 2.6% |
Allocation in Oct 2026change vs Sep 2026
- Banks (6)40.3%▲ 1.6 pts
- Automobiles (3)8.6%▼ 0.2 pts
- Retailing (2)8.3%▲ 1.0 pts
- Pharmaceuticals & Biotechnology (2)6.7%▲ 0.1 pts
- Healthcare Services (2)5.1%▲ 0.2 pts
- Transport Services (1)4.1%▼ 0.1 pts
- Telecom - Services (1)3.8%▲ 0.5 pts
- Consumer Durables (2)3.6%▼ 0.1 pts
- Insurance (1)3.1%▼ 0.1 pts
- Auto Components (1)2.6%
- Leisure Services (2)2.5%▼ 0.1 pts
- Power (1)2.5%▲ 0.1 pts
- Realty (1)1.9%▼ 0.1 pts
- Transport Infrastructure (1)1.8%▼ 0.2 pts
- Ferrous Metals (1)1.7%▼ 0.2 pts
- Financial Technology (fintech) (1)1.5%▲ 0.3 pts
- Electrical Equipment (1)1.3%▲ 0.2 pts
- IT - Software (1)0.8%▼ 2.9 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Oct 2026
4.9%
▲ 2.0 pts vs Sep 2026
- Cash alone
- 4.7%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.5% – 8.4%
- lowest to highest · record 8.4% in Feb 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
All 10 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Oct 2026 | ₹26,956 Cr | 29 | 0 | 0 | 4.7% | 4.9% | 21% |
| Sep 2026 | ₹26,553 Cr | 29 | 1 | 1 | 2.7% | 2.9% | 17% |
| Aug 2026 | ₹28,201 Cr | 29 | 1 | 1 | 2.3% | 2.5% | 15% |
| Jul 2026 | ₹27,925 Cr | 29 | 2 | 2 | 4.7% | 4.9% | 13% |
| Jun 2026 | ₹27,303 Cr | 29 | 1 | 1 | 7.4% | 7.6% | 9% |
| May 2026 | ₹26,082 Cr | 29 | 0 | 0 | 7.4% | 7.6% | 8% |
| Apr 2026 | ₹26,182 Cr | 29 | 1 | 1 | 7.3% | 7.5% | 8% |
| Mar 2026 | ₹24,170 Cr | 29 | 1 | 1 | 5.9% | 6.1% | 7% |
| Feb 2026 | ₹27,136 Cr | 29 | 1 | 1 | 8.2% | 8.4% | 10% |
| Jan 2026 | ₹26,332 Cr | 29 | 7.9% | 8.1% | 9% |