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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
₹864 Cr
up ₹187 Cr vs Jun 2025
- Stocks held
- 40
- up 13 vs Jun 2025
- Top 10 weight
- 48.0%
- of the portfolio in its ten largest
- Cash & debt
- 5.9%
- cash, money market and debt
- Moves this month
- 14 in · 1 out
- added to 10, trimmed 12
HSBC Financial Services Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In February 2026 it disclosed 40 stocks worth ₹864 Cr, up ₹187 Cr from Jun 2025. Its largest positions were ICICI Bank Limited (7.2%), State Bank of India (5.8%), HDFC Bank Limited (5.8%); the ten largest together made up 48.0% of the portfolio, and Banks was the biggest sector at 40.4% of its equity. Cash and debt stood at 5.9%. Compared with Jun 2025 the fund entered 14 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
54%
Top-10 weight is higher than 54% of peers
Breadth
42%
Holds more stocks than 42% of peers
Cash
78%
Holds more cash than 78% of peers
What these mean: concentration · cash
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. New to these? How to read a portfolio.
| ICICI Bank Limited | 7.20% | up 0.33 pts | ₹62.2 Cr | up ₹15.7 Cr | Added |
| Cash, TREPS & receivables | 5.90% | down 4.86 pts | ₹51 Cr | down ₹21.9 Cr | Trimmed |
| State Bank of India | 5.83% | up 0.75 pts | ₹50.4 Cr | up ₹16 Cr | Added |
| HDFC Bank Limited | 5.80% | down 1.78 pts | ₹50.1 Cr | down ₹1.2 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 5.53% | up 0.91 pts | ₹47.7 Cr | up ₹16.5 Cr | Added |
| Nippon Life India Asset Management Limited | 5.01% | down 1.58 pts | ₹43.3 Cr | down ₹1.3 Cr | Trimmed |
| Axis Bank Limited | 4.49% | up 0.07 pts | ₹38.8 Cr | up ₹8.9 Cr | Added |
| Kotak Mahindra Bank Limited | 4.07% | up <0.01 pts | ₹35.1 Cr | up ₹7.6 Cr | Added |
| ICICI Prudential Asset Management Company Limited | 3.55% | up 3.55 pts | ₹30.7 Cr | up ₹30.7 Cr | New |
| Karur Vysya Bank Limited | 3.40% | up 0.43 pts | ₹29.4 Cr | up ₹9.3 Cr | Added |
| Multi Commodity Exchange of India Limited | 3.16% | down 1.64 pts | ₹27.3 Cr | down ₹5.2 Cr | Trimmed |
| HDFC Asset Management Company Limited | 2.90% | down 0.66 pts | ₹25 Cr | up ₹95 L | Added |
| PB Fintech Limited | 2.60% | down 1.49 pts | ₹22.5 Cr | down ₹5.2 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 2.57% | down 0.51 pts | ₹22.2 Cr | up ₹1.3 Cr | Added |
| Max Financial Services Limited | 2.55% | down 0.41 pts | ₹22 Cr | up ₹2 Cr | Added |
| The Federal Bank Limited | 2.45% | up 0.62 pts | ₹21.1 Cr | up ₹8.8 Cr | Added |
| KFin Technologies Limited | 2.25% | down 1.80 pts | ₹19.4 Cr | down ₹7.9 Cr | Trimmed |
| RBL Bank Limited | 1.99% | up 1.99 pts | ₹17.2 Cr | up ₹17.2 Cr | New |
| Motilal Oswal Financial Services Limited | 1.88% | down 0.49 pts | ₹16.2 Cr | up ₹20 L | Added |
| Bank of Baroda | 1.83% | up 0.03 pts | ₹15.8 Cr | up ₹3.6 Cr | Added |
| PNB Housing Finance Limited | 1.82% | down 0.81 pts | ₹15.7 Cr | down ₹2.1 Cr | Trimmed |
| Power Finance Corporation Limited | 1.73% | down 0.29 pts | ₹14.9 Cr | up ₹1.3 Cr | Added |
| Housing & Urban Development Corporation Limited | 1.62% | down 0.70 pts | ₹14 Cr | down ₹1.7 Cr | Trimmed |
| Billionbrains Garage Ventures Ltd | 1.57% | up 1.57 pts | ₹13.5 Cr | up ₹13.5 Cr | New |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.55% | up 1.55 pts | ₹13.4 Cr | up ₹13.4 Cr | New |
| Prudent Corporate Advisory Services Limited | 1.51% | up 1.51 pts | ₹13 Cr | up ₹13 Cr | New |
| UTI Asset Management Company Limited | 1.39% | down 0.59 pts | ₹12 Cr | down ₹1.4 Cr | Trimmed |
| Canara Robeco Mutual Fund | 1.36% | up 1.36 pts | ₹11.8 Cr | up ₹11.8 Cr | New |
| Aditya Birla Capital Limited | 1.33% | up 1.33 pts | ₹11.5 Cr | up ₹11.5 Cr | New |
| SBI Cards and Payment Services Limited | 1.21% | down 0.69 pts | ₹10.5 Cr | down ₹2.4 Cr | Trimmed |
| Home First Finance Company India Limited | 1.19% | up 1.19 pts | ₹10.3 Cr | up ₹10.3 Cr | New |
| Credit Analysis and Research Limited | 1.18% | up 1.18 pts | ₹10.2 Cr | up ₹10.2 Cr | New |
| Bajaj Finance Limited | 1.16% | down 1.34 pts | ₹10 Cr | down ₹6.9 Cr | Trimmed |
| 360 One WAM Limited | 1.09% | up 1.09 pts | ₹9.4 Cr | up ₹9.4 Cr | New |
| Pine Labs Limited | 1.03% | up 1.03 pts | ₹8.9 Cr | up ₹8.9 Cr | New |
| City Union Bank Limited | 0.98% | up 0.98 pts | ₹8.5 Cr | up ₹8.5 Cr | New |
| Bajaj Housing Finance Limited | 0.88% | down 0.70 pts | ₹7.6 Cr | down ₹3.1 Cr | Trimmed |
| HDB Financial Services Limited | 0.79% | up 0.12 pts | ₹6.9 Cr | up ₹2.3 Cr | Added |
| CMS Info System Limited | 0.75% | down 0.83 pts | ₹6.5 Cr | down ₹4.2 Cr | Trimmed |
| BSE Limited | 0.63% | up 0.63 pts | ₹5.4 Cr | up ₹5.4 Cr | New |
| Seshaasai Technologies Limited | 0.25% | up 0.25 pts | ₹2.2 Cr | up ₹2.2 Cr | New |
What changed, Jun 2025 to Feb 2026
New New positions (14)
- ICICI Prudential Asset Management Company Limited3.6% · ₹30.7 Cr
- RBL Bank Limited2.0% · ₹17.2 Cr
- Billionbrains Garage Ventures Ltd1.6% · ₹13.5 Cr
- DDB DEWAN HSG FINANCE CORPORATION LTD1.6% · ₹13.4 Cr
- Prudent Corporate Advisory Services Limited1.5% · ₹13 Cr
- Canara Robeco Mutual Fund1.4% · ₹11.8 Cr
- Aditya Birla Capital Limited1.3% · ₹11.5 Cr
- Home First Finance Company India Limited1.2% · ₹10.3 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 Banks (+1.6 pts) and Capital Markets (+0.3 pts), and fell most in Commercial Services & Supplies (−1.0 pts) and Insurance (−0.6 pts).
- Banks38.8% → 40.4%+1.6 pts
- Capital Markets27.6% → 27.9%+0.3 pts
- Commercial Services & Supplies1.8% → 0.8%−1.0 pts
- Insurance3.3% → 2.7%−0.6 pts
- Financial Technology (fintech)4.6% → 4.1%−0.4 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 2025 | Jun 2025 | Jun 2025 | Jun 2025 | Feb 2026 |
|---|---|---|---|---|---|
| Banks | 77.8% | 38.8% | 38.8% | 38.8% | 40.4% |
| Capital Markets | 13.1% | 27.6% | 27.6% | 27.6% | 27.9% |
| Finance | 4.6% | 23.9% | 23.9% | 23.9% | 24.0% |
| Financial Technology (fintech) | 4.5% | 4.6% | 4.6% | 4.6% | 4.1% |
| Insurance | — | 3.3% | 3.3% | 3.3% | 2.7% |
| Commercial Services & Supplies | — | 1.8% | 1.8% | 1.8% | 0.8% |
Allocation in Feb 2026change vs Jun 2025
- Banks (10)40.4%▲ 1.6 pts
- Capital Markets (12)27.9%▲ 0.3 pts
- Finance (13)24.0%▲ 0.1 pts
- Financial Technology (fintech) (3)4.1%▼ 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, Feb 2026
5.9%
▼ 4.9 pts vs Jun 2025
- Cash alone
- 5.9%
- cash and net receivables
- A year earlier
- 80.2%
- Feb 2025 · now ▼ 74.3 pts
- Last 12 months
- 5.9% – 19.2%
- 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.