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Value / Contra · HDFC Mutual Fund · AMFI code 101764HDFC Value Fund
Disclosed for 10 months, Jan 2026 to Oct 2026.Published as: HDFC Value Fund (An open ended equity scheme following a value investment strategy)
Portfolio value
₹8,038 Cr
down ₹97 L vs Sep 2026
- Stocks held
- 81
- unchanged
- Top 10 weight
- 31.5%
- of the portfolio in its ten largest
- Cash & debt
- 0.6%
- cash, money market and debt
- Moves this month
- 4 in · 4 out
- added to 10, trimmed 48
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 Value Fund is an active equity fund in the Value / Contra category from HDFC Mutual Fund. In October 2026 it disclosed 81 stocks worth ₹8,038 Cr, down ₹97 L from Sep 2026. Its largest positions were ICICI Bank Limited (6.5%), HDFC Bank Limited (4.5%), Bharti Airtel Limited (3.2%); the ten largest together made up 31.5% of the portfolio, and Banks was the biggest sector at 21.9% of its equity. Cash and debt stood at 0.6%. Compared with Sep 2026 the fund entered 4 new stocks and exited 4.
Against 28 other Value / Contra funds
Concentration
29%
Top-10 weight is higher than 29% of peers
Breadth
82%
Holds more stocks than 82% of peers
Cash
4%
Holds more cash than 4% 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 | 6.52% | up 0.36 pts | ₹524 Cr | up ₹28.6 Cr | Added |
| HDFC Bank Limited | 4.46% | down 0.10 pts | ₹358 Cr | down ₹8.2 Cr | Trimmed |
| Bharti Airtel Limited | 3.19% | up 0.35 pts | ₹257 Cr | up ₹28.2 Cr | Added |
| Axis Bank Limited | 3.18% | down 0.02 pts | ₹256 Cr | down ₹1.9 Cr | Trimmed |
| State Bank of India | 3.17% | up 0.01 pts | ₹255 Cr | up ₹62 L | Held |
| Larsen & Toubro Limited | 2.53% | up 0.07 pts | ₹203 Cr | up ₹5.9 Cr | Added |
| Infosys Limited | 2.36% | up 0.38 pts | ₹190 Cr | up ₹30.5 Cr | Added |
| Sun Pharmaceutical Industries Limited | 2.16% | down 0.05 pts | ₹173 Cr | down ₹3.8 Cr | Trimmed |
| NTPC Limited | 1.97% | down 0.04 pts | ₹158 Cr | down ₹3.3 Cr | Trimmed |
| Eternal Limited | 1.97% | up 0.22 pts | ₹158 Cr | up ₹17.3 Cr | Added |
| Tech Mahindra Limited | 1.89% | up 0.28 pts | ₹152 Cr | up ₹22.7 Cr | Added |
| AU Small Finance Bank Limited | 1.87% | down 0.32 pts | ₹150 Cr | down ₹25.5 Cr | Trimmed |
| Bharat Electronics Limited | 1.84% | down 0.09 pts | ₹148 Cr | down ₹7.4 Cr | Trimmed |
| Reliance Industries Limited | 1.81% | down 0.03 pts | ₹146 Cr | down ₹2.8 Cr | Trimmed |
| SBI Life Insurance Company Limited | 1.81% | down 0.04 pts | ₹145 Cr | down ₹3.3 Cr | Trimmed |
| Divi's Laboratories Limited | 1.70% | up 0.09 pts | ₹137 Cr | up ₹6.8 Cr | Added |
| Bosch Limited | 1.70% | up <0.01 pts | ₹137 Cr | up ₹29 L | Held |
| HCL Technologies Limited | 1.60% | up 0.22 pts | ₹129 Cr | up ₹17.8 Cr | Added |
| Maruti Suzuki India Limited | 1.59% | down 0.02 pts | ₹128 Cr | down ₹1.6 Cr | Trimmed |
| The Phoenix Mills Limited | 1.58% | up 0.02 pts | ₹127 Cr | up ₹1.4 Cr | Added |
| Acme Solar Holdings Ltd | 1.51% | down 0.13 pts | ₹121 Cr | down ₹10.3 Cr | Trimmed |
| Prestige Estates Projects Limited | 1.44% | down 0.03 pts | ₹115 Cr | down ₹2.3 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 1.44% | up 0.10 pts | ₹115 Cr | up ₹7.8 Cr | Added |
| Global Health Limited | 1.42% | down 0.04 pts | ₹114 Cr | down ₹3.2 Cr | Trimmed |
| Tata Capital Limited | 1.35% | up 0.05 pts | ₹109 Cr | up ₹3.8 Cr | Added |
| Eicher Motors Limited | 1.35% | up 0.01 pts | ₹108 Cr | up ₹1 Cr | Added |
| United Spirits Limited | 1.30% | down 0.02 pts | ₹105 Cr | down ₹1.6 Cr | Trimmed |
| PNB Housing Finance Limited | 1.26% | down 0.07 pts | ₹101 Cr | down ₹5.7 Cr | Trimmed |
| Sterlite Technologies Limited | 1.23% | down 0.35 pts | ₹98.9 Cr | down ₹28.4 Cr | Trimmed |
| Lupin Limited | 1.19% | down 0.01 pts | ₹95.4 Cr | down ₹91 L | Trimmed |
| Apar Industries Limited | 1.17% | down 0.17 pts | ₹94.1 Cr | down ₹13.7 Cr | Trimmed |
| Karur Vysya Bank Limited | 1.15% | up 0.10 pts | ₹92.6 Cr | up ₹8.1 Cr | Added |
| Five Star Business Finance Limited | 1.14% | down 0.28 pts | ₹92 Cr | down ₹22.6 Cr | Trimmed |
| Britannia Industries Limited | 1.10% | down 0.04 pts | ₹88.2 Cr | down ₹3.6 Cr | Trimmed |
| Bajaj Auto Limited | 1.09% | down 0.06 pts | ₹88 Cr | down ₹4.5 Cr | Trimmed |
| Hindustan Unilever Limited | 1.00% | up 0.06 pts | ₹80.2 Cr | up ₹5 Cr | Added |
| Multi Commodity Exchange of India Limited | 0.99% | down 0.03 pts | ₹79.5 Cr | down ₹2.8 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 0.98% | up 0.01 pts | ₹78.7 Cr | up ₹55 L | Added |
| UltraTech Cement Limited | 0.97% | up 0.01 pts | ₹77.9 Cr | up ₹63 L | Added |
| Max Healthcare Institute Limited | 0.96% | up 0.11 pts | ₹77.4 Cr | up ₹9 Cr | Added |
| 360 One WAM Limited | 0.96% | up 0.07 pts | ₹77.3 Cr | up ₹5.2 Cr | Added |
| Tata Communications Limited | 0.95% | up 0.01 pts | ₹76.6 Cr | up ₹88 L | Added |
| Godrej Consumer Products Limited | 0.93% | down 0.04 pts | ₹75 Cr | down ₹2.9 Cr | Trimmed |
| InterGlobe Aviation Limited | 0.91% | down 0.02 pts | ₹73.2 Cr | down ₹1.6 Cr | Trimmed |
| Alkem Laboratories Limited | 0.89% | down 0.01 pts | ₹71.6 Cr | down ₹70 L | Trimmed |
| Cummins India Limited | 0.89% | up 0.59 pts | ₹71.2 Cr | up ₹47.4 Cr | Added |
| Info Edge (India) Limited | 0.85% | down 0.02 pts | ₹68 Cr | down ₹1.7 Cr | Trimmed |
| Tube Investments of India Limited | 0.84% | down <0.01 pts | ₹67.8 Cr | down ₹8 L | Held |
| Max Financial Services Limited | 0.83% | down 0.12 pts | ₹67 Cr | down ₹9.7 Cr | Trimmed |
| Muthoot Finance Limited | 0.82% | up 0.82 pts | ₹66.2 Cr | up ₹66.2 Cr | New |
What changed, Sep 2026 to Oct 2026
New New positions (4)
- Muthoot Finance Limited0.8% · ₹66.2 Cr
- SBI Funds Management Limited0.8% · ₹65.5 Cr
- Spectrum Electrical Industries Limited.0.6% · ₹45.7 Cr
- Zetwerk Manufacturing Businesses Limited0.3% · ₹27.7 Cr
Exited Exited (4)
- Trent Limitedwas 0.7% · ₹55.6 Cr
- ICICI Prudential Asset Management Company Limitedwas 0.6% · ₹51.2 Cr
- Spectrum Electrical Industries Limited.was 0.5% · ₹43.2 Cr
- UNIPARTS INDIA LIMITEDwas 0.1% · ₹11.7 Cr
Added Biggest additions
- Cummins India Limitedup ₹47.4 Cr (+0.59% pts)
- Popular Vehicles and Services Limitedup ₹44 Cr (+0.55% pts)
- Infosys Limitedup ₹30.5 Cr (+0.38% pts)
- ICICI Bank Limitedup ₹28.6 Cr (+0.36% pts)
- Bharti Airtel Limitedup ₹28.2 Cr (+0.35% pts)
- Tech Mahindra Limitedup ₹22.7 Cr (+0.28% pts)
- HCL Technologies Limitedup ₹17.8 Cr (+0.22% pts)
- Eternal Limitedup ₹17.3 Cr (+0.22% pts)
- Zensar Technologies Limitedup ₹10.3 Cr (+0.13% pts)
- Max Healthcare Institute Limitedup ₹9 Cr (+0.11% pts)
Trimmed Biggest reductions
- Sterlite Technologies Limiteddown ₹28.4 Cr (−0.35% pts)
- AU Small Finance Bank Limiteddown ₹25.5 Cr (−0.32% pts)
- Electronics Mart India Limiteddown ₹25.4 Cr (−0.32% pts)
- Five Star Business Finance Limiteddown ₹22.6 Cr (−0.28% pts)
- Augmont Enterprises Limiteddown ₹16.5 Cr (−0.20% pts)
- Equitas Small Finance Bank Limiteddown ₹15.6 Cr (−0.19% pts)
- Apar Industries Limiteddown ₹13.7 Cr (−0.17% pts)
- Baazar Style Retail Limiteddown ₹12.3 Cr (−0.15% pts)
- Mahindra & Mahindra Financial Services Limiteddown ₹12.2 Cr (−0.15% pts)
- Diamond Power Infrastructure Limiteddown ₹10.8 Cr (−0.13% 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 IT - Software (+1.1 pts) and Industrial Products (+0.5 pts), and fell most in Retailing (−1.0 pts) and Telecom - Equipment & Accessories (−0.4 pts).
- IT - Software6.0% → 7.1%+1.1 pts
- Industrial Products0.9% → 1.5%+0.5 pts
- Automobiles5.0% → 5.5%+0.5 pts
- Telecom - Services3.8% → 4.2%+0.3 pts
- Industrial Manufacturing1.1% → 1.4%+0.3 pts
- Finance5.7% → 6.0%+0.3 pts
- Retailing4.7% → 3.7%−1.0 pts
- Telecom - Equipment & Accessories1.6% → 1.2%−0.4 pts
- Electrical Equipment1.8% → 1.5%−0.3 pts
- Power4.2% → 4.0%−0.2 pts
- Non - Ferrous Metals0.4% → 0.2%−0.2 pts
- Banks22.1% → 21.9%−0.2 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 | 25.4% | 22.8% | 22.1% | 21.9% |
| IT - Software | 7.5% | 6.9% | 6.0% | 7.1% |
| Pharmaceuticals & Biotechnology | 5.1% | 5.7% | 6.4% | 6.5% |
| Finance | 4.7% | 6.0% | 5.7% | 6.0% |
| Automobiles | 4.6% | 5.1% | 5.0% | 5.5% |
| Auto Components | 4.8% | 4.9% | 4.7% | 4.6% |
| Telecom - Services | 3.9% | 4.3% | 3.8% | 4.2% |
| Power | 4.8% | 4.3% | 4.2% | 4.0% |
| Retailing | 4.6% | 4.6% | 4.7% | 3.7% |
| Insurance | 4.1% | 3.9% | 3.8% | 3.6% |
Allocation in Oct 2026change vs Sep 2026
- Banks (8)21.9%▼ 0.2 pts
- IT - Software (5)7.1%▲ 1.1 pts
- Pharmaceuticals & Biotechnology (5)6.5%▲ 0.1 pts
- Finance (6)6.0%▲ 0.3 pts
- Automobiles (5)5.5%▲ 0.5 pts
- Auto Components (4)4.6%▼ 0.1 pts
- Telecom - Services (2)4.2%▲ 0.3 pts
- Power (3)4.0%▼ 0.2 pts
- Retailing (4)3.7%▼ 1.0 pts
- Insurance (3)3.6%▼ 0.2 pts
- Petroleum Products (3)3.2%▼ 0.1 pts
- Realty (2)3.0%
- Construction (2)3.0%
- Capital Markets (3)2.8%▲ 0.2 pts
- Healthcare Services (2)2.4%▲ 0.1 pts
- Aerospace & Defense (1)1.9%▼ 0.1 pts
- Cement & Cement Products (2)1.7%▼ 0.1 pts
- Electrical Equipment (2)1.5%▼ 0.3 pts
- Industrial Products (3)1.5%▲ 0.5 pts
- Industrial Manufacturing (3)1.4%▲ 0.3 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
0.6%
▼ 0.4 pts vs Sep 2026
- Cash alone
- 0.6%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.2% – 2.6%
- lowest to highest · record 2.6% in Apr 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 | ₹8,038 Cr | 81 | 4 | 4 | 0.6% | 0.6% | 20% |
| Sep 2026 | ₹8,039 Cr | 81 | 3 | 0 | 1.0% | 1.0% | 21% |
| Aug 2026 | ₹8,266 Cr | 78 | 5 | 1 | 0.8% | 0.8% | 25% |
| Jul 2026 | ₹7,934 Cr | 74 | 3 | 1 | 0.4% | 0.4% | 27% |
| Jun 2026 | ₹7,583 Cr | 72 | 3 | 2 | 0.5% | 0.5% | 26% |
| May 2026 | ₹7,314 Cr | 71 | 1 | 1 | 0.6% | 0.6% | 26% |
| Apr 2026 | ₹7,324 Cr | 71 | 3 | 2 | 2.6% | 2.6% | 24% |
| Mar 2026 | ₹6,588 Cr | 70 | 1 | 0 | 0.2% | 0.2% | 24% |
| Feb 2026 | ₹7,413 Cr | 69 | 0 | 4 | 0.4% | 0.4% | 25% |
| Jan 2026 | ₹7,487 Cr | 73 | 0.3% | 0.3% | 28% |