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Sectoral / Thematic · HSBC Mutual Fund · AMFI code 153266HSBC Financial Services Fund
Disclosed for 10 months, Feb 2025 to Aug 2026.
Portfolio value
₹579 Cr
up ₹39.2 Cr vs Mar 2025
- Stocks held
- 23
- up 1 vs Mar 2025
- Top 10 weight
- 54.2%
- of the portfolio in its ten largest
- Cash & debt
- 17.4%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 10, trimmed 3
HSBC Financial Services Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In April 2025 it disclosed 23 stocks worth ₹579 Cr, up ₹39.2 Cr from Mar 2025. Its largest positions were HDFC Bank Limited (8.0%), ICICI Bank Limited (7.9%), Nippon Life India Asset Management Limited (6.2%); the ten largest together made up 54.2% of the portfolio, and Banks was the biggest sector at 46.6% of its equity. Cash and debt stood at 17.4%. Compared with Mar 2025 the fund entered 1 new stock and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
69%
Top-10 weight is higher than 69% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
98%
Holds more cash than 98% of peers
What these mean: concentration · cash
Holdings in April 2025
Download CSVEvery line the fund disclosed, with the change against Mar 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 17.40% | down 1.83 pts | ₹101 Cr | down ₹3.1 Cr | Trimmed |
| HDFC Bank Limited | 8.00% | down 0.15 pts | ₹46.3 Cr | up ₹2.3 Cr | Added |
| ICICI Bank Limited | 7.93% | down 0.11 pts | ₹45.9 Cr | up ₹2.5 Cr | Added |
| Nippon Life India Asset Management Limited | 6.15% | up 0.17 pts | ₹35.6 Cr | up ₹3.4 Cr | Added |
| State Bank of India | 5.71% | down 0.28 pts | ₹33.1 Cr | up ₹72 L | Added |
| Axis Bank Limited | 5.10% | up 0.01 pts | ₹29.5 Cr | up ₹2.1 Cr | Added |
| Kotak Mahindra Bank Limited | 4.86% | down 0.27 pts | ₹28.1 Cr | up ₹47 L | Added |
| PB Fintech Limited | 4.75% | down 0.23 pts | ₹27.5 Cr | up ₹60 L | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 4.67% | down 0.20 pts | ₹27 Cr | up ₹74 L | Added |
| KFin Technologies Limited | 4.21% | up 0.33 pts | ₹24.3 Cr | up ₹3.4 Cr | Added |
| Multi Commodity Exchange of India Limited | 2.84% | up 0.20 pts | ₹16.4 Cr | up ₹2.2 Cr | Added |
| Karur Vysya Bank Limited | 2.83% | down 0.08 pts | ₹16.4 Cr | up ₹67 L | Added |
| PNB Housing Finance Limited | 2.81% | up 0.18 pts | ₹16.3 Cr | up ₹2.1 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 2.79% | up 0.82 pts | ₹16.2 Cr | up ₹5.5 Cr | Added |
| Bajaj Finance Limited | 2.69% | down 0.30 pts | ₹15.6 Cr | down ₹56 L | Trimmed |
| Housing & Urban Development Corporation Limited | 2.55% | up 0.11 pts | ₹14.8 Cr | up ₹1.6 Cr | Added |
| HDFC Asset Management Company Limited | 2.50% | up 0.04 pts | ₹14.5 Cr | up ₹1.2 Cr | Added |
| Power Finance Corporation Limited | 2.25% | down 0.20 pts | ₹13 Cr | down ₹22 L | Trimmed |
| Bank of Baroda | 2.12% | up 0.04 pts | ₹12.2 Cr | up ₹1 Cr | Added |
| The Federal Bank Limited | 1.97% | down 0.10 pts | ₹11.4 Cr | up ₹23 L | Added |
| Bajaj Housing Finance Limited | 1.85% | down 0.16 pts | ₹10.7 Cr | down ₹11 L | Trimmed |
| Max Financial Services Limited | 1.61% | up 1.61 pts | ₹9.3 Cr | up ₹9.3 Cr | New |
| Indian Energy Exchange Limited | 1.52% | up 0.01 pts | ₹8.8 Cr | up ₹67 L | Added |
| CMS Info System Limited | 0.90% | up 0.39 pts | ₹5.2 Cr | up ₹2.5 Cr | Added |
What changed, Mar 2025 to Apr 2025
New New positions (1)
- Max Financial Services Limited1.6% · ₹9.3 Cr
Exited Exited (0)
None.
Added Biggest additions
- Cholamandalam Investment and Finance Company Limitedup ₹5.5 Cr (+0.82% pts)
- KFin Technologies Limitedup ₹3.4 Cr (+0.33% pts)
- Nippon Life India Asset Management Limitedup ₹3.4 Cr (+0.17% pts)
- ICICI Bank Limited ₹2.5 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 Mar 2025, the weight rose most in Insurance (+1.9 pts) and Capital Markets (+0.5 pts), and fell most in Banks (−2.2 pts) and Financial Technology (fintech) (−0.4 pts).
- Insurance0.0% → 1.9%new+1.9 pts
- Capital Markets20.4% → 20.8%+0.5 pts
- Commercial Services & Supplies0.6% → 1.1%+0.5 pts
- Banks48.8% → 46.6%−2.2 pts
- Financial Technology (fintech)6.2% → 5.8%−0.4 pts
- Finance24.0% → 23.7%−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 | Mar 2025 | Apr 2025 |
|---|---|---|
| Banks | 48.8% | 46.6% |
| Finance | 24.0% | 23.7% |
| Capital Markets | 20.4% | 20.8% |
| Financial Technology (fintech) | 6.2% | 5.8% |
| Insurance | — | 1.9% |
| Commercial Services & Supplies | 0.6% | 1.1% |
Allocation in Apr 2025change vs Mar 2025
- Banks (8)46.6%▼ 2.2 pts
- Finance (7)23.7%▼ 0.2 pts
- Capital Markets (5)20.8%▲ 0.5 pts
- Financial Technology (fintech) (1)5.8%▼ 0.4 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, Apr 2025
17.4%
▼ 1.8 pts vs Mar 2025
- Cash alone
- 17.4%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 17.4% – 80.2%
- lowest to highest · record 80.2% in Feb 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.