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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
₹747 Cr
down ₹117 Cr vs Feb 2026
- Stocks held
- 40
- unchanged
- Top 10 weight
- 48.2%
- of the portfolio in its ten largest
- Cash & debt
- 4.0%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 4, trimmed 36
HSBC Financial Services Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In March 2026 it disclosed 40 stocks worth ₹747 Cr, down ₹117 Cr from Feb 2026. Its largest positions were ICICI Bank Limited (7.8%), HDFC Bank Limited (6.0%), State Bank of India (5.5%); the ten largest together made up 48.2% of the portfolio, and Banks was the biggest sector at 39.9% of its equity. Cash and debt stood at 4.0%. Compared with Feb 2026 the fund entered 0 new stocks and exited 0.
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
59%
Holds more cash than 59% of peers
What these mean: concentration · cash
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. New to these? How to read a portfolio.
| ICICI Bank Limited | 7.77% | up 0.57 pts | ₹58 Cr | down ₹4.2 Cr | Trimmed |
| HDFC Bank Limited | 6.02% | up 0.22 pts | ₹44.9 Cr | down ₹5.2 Cr | Trimmed |
| State Bank of India | 5.50% | down 0.34 pts | ₹41 Cr | down ₹9.3 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 5.16% | down 0.36 pts | ₹38.6 Cr | down ₹9.2 Cr | Trimmed |
| Nippon Life India Asset Management Limited | 4.99% | down 0.02 pts | ₹37.2 Cr | down ₹6 Cr | Trimmed |
| Axis Bank Limited | 4.36% | down 0.13 pts | ₹32.5 Cr | down ₹6.2 Cr | Trimmed |
| Cash, TREPS & receivables | 4.02% | down 1.88 pts | ₹30 Cr | down ₹21 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 4.01% | down 0.06 pts | ₹29.9 Cr | down ₹5.2 Cr | Trimmed |
| ICICI Prudential Asset Management Company Limited | 3.70% | up 0.15 pts | ₹27.6 Cr | down ₹3.1 Cr | Trimmed |
| Karur Vysya Bank Limited | 3.49% | up 0.09 pts | ₹26 Cr | down ₹3.3 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 3.26% | up 0.09 pts | ₹24.3 Cr | down ₹3 Cr | Trimmed |
| PB Fintech Limited | 2.90% | up 0.30 pts | ₹21.6 Cr | down ₹82 L | Trimmed |
| HDFC Asset Management Company Limited | 2.75% | down 0.15 pts | ₹20.6 Cr | down ₹4.5 Cr | Trimmed |
| The Federal Bank Limited | 2.45% | up <0.01 pts | ₹18.3 Cr | down ₹2.9 Cr | Trimmed |
| Max Financial Services Limited | 2.42% | down 0.13 pts | ₹18.1 Cr | down ₹3.9 Cr | Trimmed |
| KFin Technologies Limited | 2.39% | up 0.13 pts | ₹17.8 Cr | down ₹1.6 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 2.32% | down 0.24 pts | ₹17.4 Cr | down ₹4.8 Cr | Trimmed |
| RBL Bank Limited | 2.09% | up 0.10 pts | ₹15.6 Cr | down ₹1.6 Cr | Trimmed |
| PNB Housing Finance Limited | 1.93% | up 0.11 pts | ₹14.4 Cr | down ₹1.3 Cr | Trimmed |
| Motilal Oswal Financial Services Limited | 1.90% | up 0.02 pts | ₹14.2 Cr | down ₹2.1 Cr | Trimmed |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.89% | up 0.34 pts | ₹14.1 Cr | up ₹74 L | Added |
| Power Finance Corporation Limited | 1.83% | up 0.10 pts | ₹13.7 Cr | down ₹1.2 Cr | Trimmed |
| Billionbrains Garage Ventures Ltd | 1.66% | up 0.10 pts | ₹12.4 Cr | down ₹1.1 Cr | Trimmed |
| Bank of Baroda | 1.62% | down 0.20 pts | ₹12.1 Cr | down ₹3.6 Cr | Trimmed |
| Prudent Corporate Advisory Services Limited | 1.61% | up 0.11 pts | ₹12 Cr | down ₹97 L | Trimmed |
| Housing & Urban Development Corporation Limited | 1.60% | down 0.02 pts | ₹12 Cr | down ₹2 Cr | Trimmed |
| UTI Asset Management Company Limited | 1.53% | up 0.14 pts | ₹11.4 Cr | down ₹61 L | Trimmed |
| Canara Robeco Mutual Fund | 1.36% | down <0.01 pts | ₹10.1 Cr | down ₹1.6 Cr | Trimmed |
| Aditya Birla Capital Limited | 1.30% | down 0.03 pts | ₹9.7 Cr | down ₹1.7 Cr | Trimmed |
| Pine Labs Limited | 1.30% | up 0.26 pts | ₹9.7 Cr | up ₹75 L | Added |
| BSE Limited | 1.26% | up 0.63 pts | ₹9.4 Cr | up ₹4 Cr | Added |
| Credit Analysis and Research Limited | 1.23% | up 0.05 pts | ₹9.2 Cr | down ₹1 Cr | Trimmed |
| Home First Finance Company India Limited | 1.15% | down 0.04 pts | ₹8.6 Cr | down ₹1.7 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 1.15% | down 0.06 pts | ₹8.6 Cr | down ₹1.9 Cr | Trimmed |
| HDB Financial Services Limited | 1.10% | up 0.31 pts | ₹8.2 Cr | up ₹1.4 Cr | Added |
| 360 One WAM Limited | 1.09% | down 0.01 pts | ₹8.1 Cr | down ₹1.3 Cr | Trimmed |
| Bajaj Finance Limited | 1.08% | down 0.08 pts | ₹8 Cr | down ₹1.9 Cr | Trimmed |
| City Union Bank Limited | 0.96% | down 0.02 pts | ₹7.2 Cr | down ₹1.3 Cr | Trimmed |
| Bajaj Housing Finance Limited | 0.86% | down 0.03 pts | ₹6.4 Cr | down ₹1.2 Cr | Trimmed |
| CMS Info System Limited | 0.76% | up 0.01 pts | ₹5.7 Cr | down ₹81 L | Trimmed |
| Seshaasai Technologies Limited | 0.26% | up <0.01 pts | ₹1.9 Cr | down ₹27 L | Trimmed |
What changed, Feb 2026 to Mar 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- BSE Limitedup ₹4 Cr (+0.63% pts)
- HDB Financial Services Limitedup ₹1.4 Cr (+0.31% pts)
- Pine Labs Limitedup ₹75 L (+0.26% pts)
- DDB DEWAN HSG FINANCE CORPORATION LTDup ₹74 L (+0.34% pts)
Trimmed Biggest reductions
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 Capital Markets (+0.7 pts) and Financial Technology (fintech) (+0.5 pts), and fell most in Banks (−0.6 pts) and Finance (−0.4 pts).
- Capital Markets27.9% → 28.6%+0.7 pts
- Financial Technology (fintech)4.1% → 4.6%+0.5 pts
- Banks40.4% → 39.9%−0.6 pts
- Finance24.0% → 23.6%−0.4 pts
- Insurance2.7% → 2.5%−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 | Jun 2025 | Jun 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|---|---|
| Banks | 48.8% | 38.8% | 38.8% | 40.4% | 39.9% |
| Capital Markets | 20.4% | 27.6% | 27.6% | 27.9% | 28.6% |
| Finance | 24.0% | 23.9% | 23.9% | 24.0% | 23.6% |
| Financial Technology (fintech) | 6.2% | 4.6% | 4.6% | 4.1% | 4.6% |
| Insurance | — | 3.3% | 3.3% | 2.7% | 2.5% |
| Commercial Services & Supplies | 0.6% | 1.8% | 1.8% | 0.8% | 0.8% |
Allocation in Mar 2026change vs Feb 2026
- Banks (10)39.9%▼ 0.6 pts
- Capital Markets (12)28.6%▲ 0.7 pts
- Finance (13)23.6%▼ 0.4 pts
- Financial Technology (fintech) (3)4.6%
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, Mar 2026
4.0%
▼ 1.9 pts vs Feb 2026
- Cash alone
- 4.0%
- cash and net receivables
- A year earlier
- 19.2%
- Mar 2025 · now ▼ 15.2 pts
- Last 12 months
- 4.0% – 17.4%
- 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.