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Sectoral / Thematic · HSBC Mutual Fund · AMFI code 151037HSBC Infrastructure Fund
Disclosed for 26 months, Nov 2022 to Aug 2026.
Portfolio value
₹2,300 Cr
down ₹174 Cr vs Jun 2025
- Stocks held
- 53
- up 1 vs Jun 2025
- Top 10 weight
- 52.8%
- of the portfolio in its ten largest
- Cash & debt
- 1.0%
- cash, money market and debt
- Moves this month
- 13 in · 12 out
- added to 10, trimmed 24
HSBC Infrastructure Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In February 2026 it disclosed 53 stocks worth ₹2,300 Cr, down ₹174 Cr from Jun 2025. Its largest positions were NTPC Limited (9.9%), Bharat Electronics Limited (7.8%), Larsen & Toubro Limited (7.7%); the ten largest together made up 52.8% of the portfolio, and Aerospace & Defense was the biggest sector at 13.4% of its equity. Cash and debt stood at 1.0%. Compared with Jun 2025 the fund entered 13 new stocks and exited 12.
Against 226 other Sectoral / Thematic funds
Concentration
66%
Top-10 weight is higher than 66% of peers
Breadth
73%
Holds more stocks than 73% of peers
Cash
13%
Holds more cash than 13% of peers
Holdings in February 2026
Download CSVEvery line the fund disclosed, with the change against Jun 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 9.90%
- Δ weight
- up 1.96 pts
- Value
- ₹228 Cr
- Δ value
- up ₹31.4 Cr
- Status
- Added
- Weight
- 7.83%
- Δ weight
- down 0.54 pts
- Value
- ₹180 Cr
- Δ value
- down ₹27.1 Cr
- Status
- Trimmed
- Weight
- 7.66%
- Δ weight
- up 1.31 pts
- Value
- ₹176 Cr
- Δ value
- up ₹19.1 Cr
- Status
- Added
- Weight
- 6.33%
- Δ weight
- down 2.33 pts
- Value
- ₹146 Cr
- Δ value
- down ₹68.7 Cr
- Status
- Trimmed
- Weight
- 6.10%
- Δ weight
- down 0.31 pts
- Value
- ₹140 Cr
- Δ value
- down ₹18.3 Cr
- Status
- Trimmed
- Weight
- 4.35%
- Δ weight
- up 0.01 pts
- Value
- ₹100 Cr
- Δ value
- down ₹7.4 Cr
- Status
- Trimmed
- Weight
- 3.06%
- Δ weight
- up 0.73 pts
- Value
- ₹70.3 Cr
- Δ value
- up ₹12.8 Cr
- Status
- Added
- Weight
- 2.75%
- Δ weight
- up 1.18 pts
- Value
- ₹63.1 Cr
- Δ value
- up ₹24.4 Cr
- Status
- Added
- Weight
- 2.44%
- Δ weight
- up 0.75 pts
- Value
- ₹56.1 Cr
- Δ value
- up ₹14.2 Cr
- Status
- Added
- Weight
- 2.42%
- Δ weight
- up 1.02 pts
- Value
- ₹55.8 Cr
- Δ value
- up ₹20.9 Cr
- Status
- Added
- Weight
- 2.36%
- Δ weight
- up 2.36 pts
- Value
- ₹54.3 Cr
- Δ value
- up ₹54.3 Cr
- Status
- New
- Weight
- 2.25%
- Δ weight
- up 0.97 pts
- Value
- ₹51.7 Cr
- Δ value
- up ₹20.1 Cr
- Status
- Added
- Weight
- 1.92%
- Δ weight
- up 1.92 pts
- Value
- ₹44.2 Cr
- Δ value
- up ₹44.2 Cr
- Status
- New
- Weight
- 1.90%
- Δ weight
- up 1.90 pts
- Value
- ₹43.6 Cr
- Δ value
- up ₹43.6 Cr
- Status
- New
- Weight
- 1.80%
- Δ weight
- down 0.42 pts
- Value
- ₹41.3 Cr
- Δ value
- down ₹13.4 Cr
- Status
- Trimmed
- Weight
- 1.80%
- Δ weight
- up 1.29 pts
- Value
- ₹41.3 Cr
- Δ value
- up ₹28.8 Cr
- Status
- Added
- Weight
- 1.78%
- Δ weight
- down 0.79 pts
- Value
- ₹40.9 Cr
- Δ value
- down ₹22.7 Cr
- Status
- Trimmed
- Weight
- 1.73%
- Δ weight
- up 0.04 pts
- Value
- ₹39.9 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 1.65%
- Δ weight
- up 0.48 pts
- Value
- ₹37.9 Cr
- Δ value
- up ₹9.1 Cr
- Status
- Added
- Weight
- 1.62%
- Δ weight
- down 0.02 pts
- Value
- ₹37.4 Cr
- Δ value
- down ₹3.2 Cr
- Status
- Trimmed
- Weight
- 1.58%
- Δ weight
- up 1.58 pts
- Value
- ₹36.3 Cr
- Δ value
- up ₹36.3 Cr
- Status
- New
- Weight
- 1.49%
- Δ weight
- up 0.15 pts
- Value
- ₹34.4 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.46%
- Δ weight
- up 0.17 pts
- Value
- ₹33.5 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 1.43%
- Δ weight
- down 1.67 pts
- Value
- ₹33 Cr
- Δ value
- down ₹43.9 Cr
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- up 0.31 pts
- Value
- ₹32.1 Cr
- Δ value
- up ₹5.2 Cr
- Status
- Added
- Weight
- 1.40%
- Δ weight
- down 0.98 pts
- Value
- ₹32.1 Cr
- Δ value
- down ₹26.8 Cr
- Status
- Trimmed
- Weight
- 1.32%
- Δ weight
- up 1.32 pts
- Value
- ₹30.3 Cr
- Δ value
- up ₹30.3 Cr
- Status
- New
- Weight
- 1.29%
- Δ weight
- up 1.29 pts
- Value
- ₹29.7 Cr
- Δ value
- up ₹29.7 Cr
- Status
- New
- Weight
- 1.21%
- Δ weight
- down 0.56 pts
- Value
- ₹27.8 Cr
- Δ value
- down ₹15.8 Cr
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- up 1.02 pts
- Value
- ₹23.5 Cr
- Δ value
- up ₹23.5 Cr
- Status
- New
- Weight
- 1.00%
- Δ weight
- down 0.76 pts
- Value
- ₹22.9 Cr
- Δ value
- down ₹20.5 Cr
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- down 0.20 pts
- Value
- ₹22.7 Cr
- Δ value
- down ₹6.6 Cr
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- down 0.02 pts
- Value
- ₹22.1 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 0.96%
- Δ weight
- down 2.38 pts
- Value
- ₹22 Cr
- Δ value
- down ₹60.6 Cr
- Status
- Trimmed
- Weight
- 0.85%
- Δ weight
- down 0.33 pts
- Value
- ₹19.7 Cr
- Δ value
- down ₹9.6 Cr
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- up 0.10 pts
- Value
- ₹18.9 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 0.79%
- Δ weight
- up 0.04 pts
- Value
- ₹18.3 Cr
- Δ value
- down ₹28 L
- Status
- Trimmed
- Weight
- 0.78%
- Δ weight
- up 0.14 pts
- Value
- ₹18 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 0.77%
- Δ weight
- down 0.16 pts
- Value
- ₹17.7 Cr
- Δ value
- down ₹5.3 Cr
- Status
- Trimmed
- Weight
- 0.72%
- Δ weight
- up 0.72 pts
- Value
- ₹16.6 Cr
- Δ value
- up ₹16.6 Cr
- Status
- New
- Weight
- 0.59%
- Δ weight
- up 0.59 pts
- Value
- ₹13.5 Cr
- Δ value
- up ₹13.5 Cr
- Status
- New
- Bharat Bijlee LimitedBharat Bijlee Ltd. · history in this fund
- Weight
- 0.58%
- Δ weight
- down 0.10 pts
- Value
- ₹13.4 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- down 0.22 pts
- Value
- ₹13 Cr
- Δ value
- down ₹6.4 Cr
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- down 0.02 pts
- Value
- ₹12.8 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- up 0.54 pts
- Value
- ₹12.4 Cr
- Δ value
- up ₹12.4 Cr
- Status
- New
- Weight
- 0.52%
- Δ weight
- up 0.17 pts
- Value
- ₹11.9 Cr
- Δ value
- up ₹3.3 Cr
- Status
- Added
- Weight
- 0.51%
- Δ weight
- up 0.51 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹11.8 Cr
- Status
- New
- Weight
- 0.46%
- Δ weight
- down 1.20 pts
- Value
- ₹10.5 Cr
- Δ value
- down ₹30.5 Cr
- Status
- Trimmed
- Weight
- 0.38%
- Δ weight
- up 0.24 pts
- Value
- ₹8.7 Cr
- Δ value
- up ₹5.4 Cr
- Status
- Added
- Weight
- 0.34%
- Δ weight
- down 0.10 pts
- Value
- ₹7.9 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 0.33%
- Δ weight
- down 0.02 pts
- Value
- ₹7.6 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 0.29%
- Δ weight
- up 0.29 pts
- Value
- ₹6.7 Cr
- Δ value
- up ₹6.7 Cr
- Status
- New
- Weight
- 0.26%
- Δ weight
- down 0.03 pts
- Value
- ₹6.1 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 0.18%
- Δ weight
- up 0.18 pts
- Value
- ₹4.2 Cr
- Δ value
- up ₹4.2 Cr
- Status
- New
What changed, Jun 2025 to Feb 2026
New New positions (13)
- MTAR Technologies Limited2.4% · ₹54.3 Cr
- Hindustan Petroleum Corporation Limited1.9% · ₹44.2 Cr
- InterGlobe Aviation Limited1.9% · ₹43.6 Cr
- Oil India Limited1.6% · ₹36.3 Cr
- Tata Motors Ltd1.3% · ₹30.3 Cr
- Tata Steel Limited1.3% · ₹29.7 Cr
- APL Apollo Tubes Limited1.0% · ₹23.5 Cr
- JSW Energy Limited0.7% · ₹16.6 Cr
- Cummins India Limited0.6% · ₹13.5 Cr
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 Jun 2025, the weight rose most in Power (+2.5 pts) and Transport Services (+2.3 pts), and fell most in Construction (−2.8 pts) and Telecom - Services (−2.6 pts).
- Power8.2% → 10.7%+2.5 pts
- Transport Services0.7% → 3.0%+2.3 pts
- Aerospace & Defense11.1% → 13.4%+2.3 pts
- Agricultural, Commercial & Construction Vehicles1.0% → 2.6%+1.7 pts
- Oil0.0% → 1.6%new+1.6 pts
- Petroleum Products6.6% → 8.1%+1.5 pts
- Construction15.0% → 12.2%−2.8 pts
- Telecom - Services9.0% → 6.4%−2.6 pts
- Cement3.2% → 1.4%−1.8 pts
- Capital Markets1.7% → 0.0%exited−1.7 pts
- Realty2.4% → 1.2%−1.3 pts
- Consumer Durables4.5% → 3.4%−1.1 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 | Feb 2023 | Feb 2025 | Jun 2025 | Jun 2025 | Jun 2025 | Feb 2026 |
|---|---|---|---|---|---|---|
| Aerospace & Defense | 5.2% | 8.6% | 11.1% | 11.1% | 11.1% | 13.4% |
| Construction | 19.5% | 14.7% | 15.0% | 15.0% | 15.0% | 12.2% |
| Electrical Equipment | 10.3% | 10.0% | 11.7% | 11.7% | 11.7% | 10.8% |
| Industrial Products | 19.8% | 11.2% | 11.4% | 11.4% | 11.4% | 10.7% |
| Power | 6.0% | 9.4% | 8.2% | 8.2% | 8.2% | 10.7% |
| Petroleum Products | 3.8% | 6.5% | 6.6% | 6.6% | 6.6% | 8.1% |
| Telecom - Services | 3.4% | 9.5% | 9.0% | 9.0% | 9.0% | 6.4% |
| Cement & Cement Products | 8.8% | 4.6% | 4.5% | 4.5% | 4.5% | 4.4% |
| Consumer Durables | 1.2% | 5.0% | 4.5% | 4.5% | 4.5% | 3.4% |
| Transport Services | 4.1% | 0.5% | 0.7% | 0.7% | 0.7% | 3.0% |
Allocation in Feb 2026change vs Jun 2025
- Aerospace & Defense (3)13.4%▲ 2.3 pts
- Construction (7)12.2%▼ 2.8 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.
Cash & debt, Feb 2026
1.0%
▼ 2.4 pts vs Jun 2025
- Cash alone
- 1.0%
- cash and net receivables
- A year earlier
- 2.5%
- Feb 2025 · now ▼ 1.6 pts
- Last 12 months
- 1.0% – 3.7%
- lowest to highest · record 3.7% in Apr 2025
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.