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Multi Cap · HSBC Mutual Fund · AMFI code 151289HSBC Multi Cap Fund
Disclosed for 24 months, Jan 2023 to Aug 2026.
Portfolio value
₹4,800 Cr
down ₹501 Cr vs Feb 2026
- Stocks held
- 98
- down 6 vs Feb 2026
- Top 10 weight
- 22.0%
- of the portfolio in its ten largest
- Cash & debt
- 5.3%
- cash, money market and debt
- Moves this month
- 3 in · 9 out
- added to 10, trimmed 80
HSBC Multi Cap Fund is an active equity fund in the Multi Cap category from HSBC Mutual Fund. In March 2026 it disclosed 98 stocks worth ₹4,800 Cr, down ₹501 Cr from Feb 2026. Its largest positions were Reliance Industries Limited (3.4%), State Bank of India (3.0%), The Federal Bank Limited (2.4%); the ten largest together made up 22.0% of the portfolio, and Banks was the biggest sector at 15.5% of its equity. Cash and debt stood at 5.3%. Compared with Feb 2026 the fund entered 3 new stocks and exited 9.
Against 32 other Multi Cap funds
Concentration
6%
Top-10 weight is higher than 6% of peers
Breadth
78%
Holds more stocks than 78% of peers
Cash
59%
Holds more cash than 59% of peers
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 2026. Click a column to sort; click a company to see every fund that owns it.
- Cash, TREPS & receivables
- Weight
- 5.27%
- Δ weight
- up 3.12 pts
- Value
- ₹253 Cr
- Δ value
- up ₹139 Cr
- Status
- Added
- Weight
- 3.41%
- Δ weight
- up 0.64 pts
- Value
- ₹164 Cr
- Δ value
- up ₹16.9 Cr
- Status
- Added
- Weight
- 3.01%
- Δ weight
- down 0.33 pts
- Value
- ₹144 Cr
- Δ value
- down ₹32.8 Cr
- Status
- Trimmed
- Weight
- 2.43%
- Δ weight
- down 0.11 pts
- Value
- ₹117 Cr
- Δ value
- down ₹18.2 Cr
- Status
- Trimmed
- Weight
- 2.35%
- Δ weight
- down 1.45 pts
- Value
- ₹113 Cr
- Δ value
- down ₹88.5 Cr
- Status
- Trimmed
- Weight
- 2.09%
- Δ weight
- up 0.08 pts
- Value
- ₹101 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 1.85%
- Δ weight
- up 0.08 pts
- Value
- ₹88.9 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 1.79%
- Δ weight
- up 0.13 pts
- Value
- ₹86 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Weight
- 1.77%
- Δ weight
- down 0.11 pts
- Value
- ₹84.9 Cr
- Δ value
- down ₹14.5 Cr
- Status
- Trimmed
- Weight
- 1.71%
- Δ weight
- up 0.33 pts
- Value
- ₹82.1 Cr
- Δ value
- up ₹8.8 Cr
- Status
- Added
- Weight
- 1.62%
- Δ weight
- down 0.50 pts
- Value
- ₹77.9 Cr
- Δ value
- down ₹34.5 Cr
- Status
- Trimmed
- Weight
- 1.56%
- Δ weight
- down 0.30 pts
- Value
- ₹75.1 Cr
- Δ value
- down ₹24 Cr
- Status
- Trimmed
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 1.53%
- Δ weight
- down 0.98 pts
- Value
- ₹73.7 Cr
- Δ value
- down ₹59.4 Cr
- Status
- Trimmed
- Weight
- 1.52%
- Δ weight
- down 0.03 pts
- Value
- ₹72.7 Cr
- Δ value
- down ₹9.3 Cr
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- up 0.65 pts
- Value
- ₹70.5 Cr
- Δ value
- up ₹27.2 Cr
- Status
- Added
- Weight
- 1.44%
- Δ weight
- up 0.14 pts
- Value
- ₹69.3 Cr
- Δ value
- up ₹36 L
- Status
- Added
- Weight
- 1.43%
- Δ weight
- up 0.02 pts
- Value
- ₹68.4 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 1.42%
- Δ weight
- down 0.09 pts
- Value
- ₹68.4 Cr
- Δ value
- down ₹12 Cr
- Status
- Trimmed
- Weight
- 1.42%
- Δ weight
- down 0.04 pts
- Value
- ₹68.2 Cr
- Δ value
- down ₹9.2 Cr
- Status
- Trimmed
- Weight
- 1.34%
- Δ weight
- up 0.11 pts
- Value
- ₹64.4 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.32%
- Δ weight
- up 0.16 pts
- Value
- ₹63.6 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 1.32%
- Δ weight
- down 0.09 pts
- Value
- ₹63.5 Cr
- Δ value
- down ₹11.4 Cr
- Status
- Trimmed
- Weight
- 1.31%
- Δ weight
- up 0.08 pts
- Value
- ₹62.8 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 1.26%
- Δ weight
- up 0.06 pts
- Value
- ₹60.7 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 1.26%
- Δ weight
- down 0.06 pts
- Value
- ₹60.7 Cr
- Δ value
- down ₹9.4 Cr
- Status
- Trimmed
- Weight
- 1.26%
- Δ weight
- up 0.03 pts
- Value
- ₹60.5 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- down 0.04 pts
- Value
- ₹60 Cr
- Δ value
- down ₹8.3 Cr
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- down 0.17 pts
- Value
- ₹59.9 Cr
- Δ value
- down ₹15.3 Cr
- Status
- Trimmed
- Weight
- 1.16%
- Δ weight
- down 0.10 pts
- Value
- ₹55.8 Cr
- Δ value
- down ₹11 Cr
- Status
- Trimmed
- Weight
- 1.16%
- Δ weight
- down 0.02 pts
- Value
- ₹55.6 Cr
- Δ value
- down ₹7.1 Cr
- Status
- Trimmed
- Weight
- 1.15%
- Δ weight
- down 0.04 pts
- Value
- ₹55.4 Cr
- Δ value
- down ₹7.9 Cr
- Status
- Trimmed
- Weight
- 1.15%
- Δ weight
- up 0.41 pts
- Value
- ₹55.3 Cr
- Δ value
- up ₹16 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.03 pts
- Value
- ₹53.3 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- down <0.01 pts
- Value
- ₹52.5 Cr
- Δ value
- down ₹5.6 Cr
- Status
- Trimmed
- Weight
- 1.08%
- Δ weight
- down 0.11 pts
- Value
- ₹51.7 Cr
- Δ value
- down ₹11.2 Cr
- Status
- Trimmed
- Weight
- 1.06%
- Δ weight
- up 0.03 pts
- Value
- ₹50.8 Cr
- Δ value
- down ₹3.7 Cr
- Status
- Trimmed
- Weight
- 1.06%
- Δ weight
- down 0.73 pts
- Value
- ₹50.7 Cr
- Δ value
- down ₹44 Cr
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- down <0.01 pts
- Value
- ₹50.3 Cr
- Δ value
- down ₹5.4 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.07 pts
- Value
- ₹48.1 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.01 pts
- Value
- ₹48.1 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- down 0.49 pts
- Value
- ₹47.3 Cr
- Δ value
- down ₹31 Cr
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- up 0.02 pts
- Value
- ₹47 Cr
- Δ value
- down ₹3.9 Cr
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- up 0.56 pts
- Value
- ₹47 Cr
- Δ value
- up ₹25 Cr
- Status
- Added
- Weight
- 0.97%
- Δ weight
- down 0.07 pts
- Value
- ₹46.4 Cr
- Δ value
- down ₹8.3 Cr
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- up 0.63 pts
- Value
- ₹46 Cr
- Δ value
- up ₹28.4 Cr
- Status
- Added
- Weight
- 0.95%
- Δ weight
- down 1.05 pts
- Value
- ₹45.6 Cr
- Δ value
- down ₹60.4 Cr
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- down 0.09 pts
- Value
- ₹44.5 Cr
- Δ value
- down ₹9.7 Cr
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- up 0.03 pts
- Value
- ₹44.5 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- up 0.06 pts
- Value
- ₹44.4 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- down 0.06 pts
- Value
- ₹42.9 Cr
- Δ value
- down ₹7.5 Cr
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.02 pts
- Value
- ₹42.3 Cr
- Δ value
- down ₹5.6 Cr
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- up 0.01 pts
- Value
- ₹42.2 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 0.86%
- Δ weight
- up 0.10 pts
- Value
- ₹41.3 Cr
- Δ value
- up ₹95 L
- Status
- Added
- Weight
- 0.86%
- Δ weight
- up 0.35 pts
- Value
- ₹41.1 Cr
- Δ value
- up ₹14.1 Cr
- Status
- Added
- Weight
- 0.82%
- Δ weight
- down 0.01 pts
- Value
- ₹39.2 Cr
- Δ value
- down ₹4.8 Cr
- Status
- Trimmed
- Weight
- 0.81%
- Δ weight
- down 0.08 pts
- Value
- ₹39 Cr
- Δ value
- down ₹8.1 Cr
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- up 0.05 pts
- Value
- ₹38.4 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.74%
- Δ weight
- down 0.01 pts
- Value
- ₹35.5 Cr
- Δ value
- down ₹4.4 Cr
- Status
- Trimmed
- Weight
- 0.72%
- Δ weight
- down 0.04 pts
- Value
- ₹34.8 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 0.70%
- Δ weight
- up 0.20 pts
- Value
- ₹33.8 Cr
- Δ value
- up ₹7.1 Cr
- Status
- Added
- Weight
- 0.70%
- Δ weight
- down 0.11 pts
- Value
- ₹33.4 Cr
- Δ value
- down ₹9.3 Cr
- Status
- Trimmed
- Weight
- 0.69%
- Δ weight
- down 0.11 pts
- Value
- ₹33 Cr
- Δ value
- down ₹9.5 Cr
- Status
- Trimmed
- Weight
- 0.68%
- Δ weight
- up 0.02 pts
- Value
- ₹32.8 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- DDB DEWAN HSG FINANCE CORPORATION LTDPiramal Finance Limited · history in this fund
- Weight
- 0.68%
- Δ weight
- up 0.10 pts
- Value
- ₹32.6 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- Weight
- 0.66%
- Δ weight
- down 0.01 pts
- Value
- ₹31.8 Cr
- Δ value
- down ₹3.7 Cr
- Status
- Trimmed
- Weight
- 0.66%
- Δ weight
- up 0.11 pts
- Value
- ₹31.7 Cr
- Δ value
- up ₹2.8 Cr
- Status
- Added
- Weight
- 0.66%
- Δ weight
- down 0.03 pts
- Value
- ₹31.6 Cr
- Δ value
- down ₹5 Cr
- Status
- Trimmed
- Weight
- 0.65%
- Δ weight
- down 0.04 pts
- Value
- ₹31.1 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 0.63%
- Δ weight
- up 0.04 pts
- Value
- ₹30.3 Cr
- Δ value
- down ₹79 L
- Status
- Trimmed
- Weight
- 0.62%
- Δ weight
- down 0.05 pts
- Value
- ₹30 Cr
- Δ value
- down ₹6 Cr
- Status
- Trimmed
- Weight
- 0.62%
- Δ weight
- up <0.01 pts
- Value
- ₹29.9 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 0.62%
- Δ weight
- down 0.01 pts
- Value
- ₹29.8 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 0.60%
- Δ weight
- up 0.07 pts
- Value
- ₹29 Cr
- Δ value
- up ₹86 L
- Status
- Added
- Weight
- 0.59%
- Δ weight
- down 0.06 pts
- Value
- ₹28.4 Cr
- Δ value
- down ₹6.2 Cr
- Status
- Trimmed
- Weight
- 0.58%
- Δ weight
- up 0.03 pts
- Value
- ₹27.8 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- up <0.01 pts
- Value
- ₹27.5 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- up 0.03 pts
- Value
- ₹27.2 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- down 0.01 pts
- Value
- ₹26.7 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- down <0.01 pts
- Value
- ₹26.6 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- up <0.01 pts
- Value
- ₹26.6 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- down 0.08 pts
- Value
- ₹25.9 Cr
- Δ value
- down ₹6.7 Cr
- Status
- Trimmed
- Weight
- 0.52%
- Δ weight
- up 0.52 pts
- Value
- ₹25.1 Cr
- Δ value
- up ₹25.1 Cr
- Status
- New
- Weight
- 0.50%
- Δ weight
- down 0.02 pts
- Value
- ₹23.8 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 0.47%
- Δ weight
- up 0.03 pts
- Value
- ₹22.5 Cr
- Δ value
- down ₹96 L
- Status
- Trimmed
- Weight
- 0.45%
- Δ weight
- up 0.45 pts
- Value
- ₹21.8 Cr
- Δ value
- up ₹21.8 Cr
- Status
- New
- Bharat Bijlee LimitedBharat Bijlee Ltd. · history in this fund
- Weight
- 0.40%
- Δ weight
- down 0.03 pts
- Value
- ₹19.2 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 0.36%
- Δ weight
- down 0.03 pts
- Value
- ₹17.5 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 0.31%
- Δ weight
- up 0.31 pts
- Value
- ₹15 Cr
- Δ value
- up ₹15 Cr
- Status
- New
- Weight
- 0.31%
- Δ weight
- up 0.03 pts
- Value
- ₹14.8 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 0.30%
- Δ weight
- up <0.01 pts
- Value
- ₹14.2 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 0.29%
- Δ weight
- up 0.03 pts
- Value
- ₹14.1 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 0.28%
- Δ weight
- down 0.01 pts
- Value
- ₹13.7 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 0.28%
- Δ weight
- down 0.01 pts
- Value
- ₹13.3 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.24%
- Δ weight
- down 0.01 pts
- Value
- ₹11.7 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 0.22%
- Δ weight
- down 0.02 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 0.22%
- Δ weight
- down 0.04 pts
- Value
- ₹10.3 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 0.22%
- Δ weight
- down 0.03 pts
- Value
- ₹10.3 Cr
- Δ value
- down ₹2.4 Cr
- Status
- Trimmed
- Weight
- 0.17%
- Δ weight
- down 0.01 pts
- Value
- ₹8.1 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 0.14%
- Δ weight
- up 0.02 pts
- Value
- ₹6.6 Cr
- Δ value
- up ₹29 L
- Status
- Added
What changed, Feb 2026 to Mar 2026
New New positions (3)
- JSW Steel Limited0.5% · ₹25.1 Cr
- Tata Power Company Limited0.5% · ₹21.8 Cr
- Industries Limited0.3% · ₹15 Cr
Exited Exited (9)
- KPIT Technologies Limitedwas 0.5% · ₹25 Cr
- Bajaj Finance Limitedwas 0.4% · ₹21.9 Cr
- ICICI Prudential Asset Management Company Limitedwas 0.3% · ₹17.5 Cr
- HDB Financial Services Limitedwas 0.3% · ₹13.6 Cr
- Dixon Technologies (India) Limited
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 Feb 2026, the weight rose most in Industrial Products (+1.1 pts) and Pharmaceuticals & Biotechnology (+1.0 pts), and fell most in Banks (−2.1 pts) and Finance (−1.6 pts).
- Industrial Products4.3% → 5.4%+1.1 pts
- Pharmaceuticals & Biotechnology6.2% → 7.2%+1.0 pts
- Petroleum Products2.8% → 3.6%+0.8 pts
- Beverages1.8% → 2.5%+0.7 pts
- Electrical Equipment6.4% → 7.1%+0.7 pts
- Ferrous Metals1.8% → 2.4%+0.6 pts
- Banks17.6% → 15.5%−2.1 pts
- Finance5.5% → 3.8%−1.6 pts
- Automobiles6.7% → 5.4%−1.3 pts
- Agricultural, Commercial & Construction Vehicles2.0% → 1.0%−1.0 pts
- Construction3.9% → 3.3%−0.6 pts
- Capital Markets5.7% → 5.3%−0.5 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 | Mar 2023 | Mar 2025 | Jun 2025 | Jun 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|---|---|---|
| Banks | 18.0% | 15.1% | 14.7% | 14.7% | 17.6% | 15.5% |
| Pharmaceuticals & Biotechnology | 4.2% | 7.9% | 6.5% | 6.5% | 6.2% | 7.2% |
| Electrical Equipment | 3.6% | 5.4% | 6.6% | 6.6% | 6.4% | 7.1% |
| Industrial Products | 12.4% | 2.8% | 2.3% | 2.3% | 4.3% | 5.4% |
| Automobiles | 2.7% | 4.8% | 5.1% | 5.1% | 6.7% | 5.4% |
| Capital Markets | — | 4.1% | 6.3% | 6.3% | 5.7% | 5.3% |
| IT - Software | 9.8% | 8.9% | 7.0% | 7.0% | 4.4% | 4.7% |
| Finance | — | 8.6% | 8.2% | 8.2% | 5.5% | 3.8% |
| Petroleum Products | 2.3% | 2.3% | 3.2% | 3.2% | 2.8% | 3.6% |
| Construction | 9.2% | 5.6% | 5.8% | 5.8% | 3.9% | 3.3% |
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, Mar 2026
5.3%
▲ 3.1 pts vs Feb 2026
- Cash alone
- 5.3%
- cash and net receivables
- A year earlier
- 1.6%
- Mar 2025 · now ▲ 3.7 pts
- Last 12 months
- 0.8% – 5.3%
- lowest to highest · record 98.1% in Jan 2023
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.