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Mid Cap · HSBC Mutual Fund · AMFI code 151033HSBC Midcap Fund
Disclosed for 40 months, Sep 2021 to Aug 2026.
Portfolio value
₹13,387 Cr
up ₹2,045 Cr vs Mar 2026
- Stocks held
- 87
- up 7 vs Mar 2026
- Top 10 weight
- 40.6%
- of the portfolio in its ten largest
- Cash & debt
- 1.4%
- cash, money market and debt
- Moves this month
- 8 in · 1 out
- added to 10, trimmed 20
HSBC Midcap Fund is an active equity fund in the Mid Cap category from HSBC Mutual Fund. In April 2026 it disclosed 87 stocks worth ₹13,387 Cr, up ₹2,045 Cr from Mar 2026. Its largest positions were BSE Limited (5.1%), GE Vernova T&D India Limited (4.9%), FSN E-Commerce Ventures Limited (4.8%); the ten largest together made up 40.6% of the portfolio, and Electrical Equipment was the biggest sector at 18.4% of its equity. Cash and debt stood at 1.4%. Compared with Mar 2026 the fund entered 8 new stocks and exited 1.
Against 32 other Mid Cap funds
Concentration
84%
Top-10 weight is higher than 84% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
9%
Holds more cash than 9% of peers
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. Click a column to sort; click a company to see every fund that owns it.
| BSE Limited | 5.13% | up 1.12 pts | ₹687 Cr | up ₹232 Cr | Added |
| GE Vernova T&D India Limited | 4.94% | up 0.19 pts | ₹661 Cr | up ₹122 Cr | Added |
| FSN E-Commerce Ventures Limited | 4.85% | down 0.23 pts | ₹649 Cr | up ₹72.9 Cr | Added |
| Hitachi Energy India Limited | 4.72% | up 0.70 pts | ₹632 Cr | up ₹176 Cr | Added |
| Billionbrains Garage Ventures Ltd | 3.88% | up 1.00 pts | ₹520 Cr | up ₹193 Cr | Added |
| The Federal Bank Limited | 3.86% | up 0.11 pts | ₹517 Cr | up ₹91.5 Cr | Added |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 3.51% | up 0.52 pts | ₹470 Cr | up ₹131 Cr | Added |
| PB Fintech Limited | 3.43% | down 0.04 pts | ₹460 Cr | up ₹65.8 Cr | Added |
| Lenskart Solutions Limited | 3.23% | down 0.46 pts | ₹432 Cr | up ₹13.9 Cr | Added |
| Bharat Electronics Limited | 3.01% | down 0.70 pts | ₹402 Cr | down ₹17.6 Cr | Trimmed |
| Aditya Infotech Limited | 2.99% | down 0.01 pts | ₹401 Cr | up ₹60.5 Cr | Added |
| Indian Bank | 2.66% | up 0.59 pts | ₹356 Cr | up ₹121 Cr | Added |
| Bharat Heavy Electricals Limited | 2.63% | up 1.67 pts | ₹352 Cr | up ₹243 Cr | Added |
| Polycab India Limited | 2.60% | down 0.82 pts | ₹348 Cr | down ₹40.1 Cr | Trimmed |
| ICICI Prudential Asset Management Company Limited | 2.22% | down 0.01 pts | ₹297 Cr | up ₹44.1 Cr | Added |
| Lupin Limited | 2.12% | up 0.13 pts | ₹284 Cr | up ₹58.5 Cr | Added |
| Radico Khaitan Limited | 2.03% | up 0.19 pts | ₹272 Cr | up ₹63 Cr | Added |
| Multi Commodity Exchange of India Limited | 1.96% | up 0.10 pts | ₹263 Cr | up ₹51.5 Cr | Added |
| Nippon Life India Asset Management Limited | 1.90% | up 0.38 pts | ₹254 Cr | up ₹82.2 Cr | Added |
| Netweb Technologies India Limited | 1.87% | up 1.87 pts | ₹250 Cr | up ₹250 Cr | New |
| Godfrey Phillips India Limited | 1.86% | up 0.03 pts | ₹249 Cr | up ₹41.8 Cr | Added |
| City Union Bank Limited | 1.86% | down 0.09 pts | ₹249 Cr | up ₹27.9 Cr | Added |
| Apar Industries Limited | 1.85% | up 0.34 pts | ₹248 Cr | up ₹76.7 Cr | Added |
| Kirloskar Oil Engines Limited | 1.69% | up 0.13 pts | ₹227 Cr | up ₹49.3 Cr | Added |
| TD Power Systems Limited | 1.61% | up 0.21 pts | ₹216 Cr | up ₹56.4 Cr | Added |
| Oil India Limited | 1.45% | up 0.05 pts | ₹194 Cr | up ₹34.8 Cr | Added |
| NTPC Green Energy Limited | 1.40% | up 0.01 pts | ₹188 Cr | up ₹30 Cr | Added |
| Cash, TREPS & receivables | 1.40% | up 0.26 pts | ₹188 Cr | up ₹58.1 Cr | Added |
| Bharat Forge Limited | 1.32% | down 0.07 pts | ₹176 Cr | up ₹19.4 Cr | Added |
| Oil & Natural Gas Corporation Limited | 1.31% | down 0.16 pts | ₹175 Cr | up ₹8.7 Cr | Added |
| Thyrocare Technologies Limited | 1.31% | down 0.04 pts | ₹175 Cr | up ₹22.2 Cr | Added |
| IPCA Laboratories Limited | 1.12% | down 0.26 pts | ₹150 Cr | down ₹6.9 Cr | Trimmed |
| National Aluminium Company Limited | 1.06% | up 0.09 pts | ₹142 Cr | up ₹31.8 Cr | Added |
| JSW Energy Limited | 1.06% | up 1.06 pts | ₹142 Cr | up ₹142 Cr | New |
| Ather Energy Limited | 1.01% | up 1.01 pts | ₹135 Cr | up ₹135 Cr | New |
| Atlanta Electricals Limited | 0.98% | up 0.98 pts | ₹131 Cr | up ₹131 Cr | New |
| Kaynes Technology India Limited | 0.98% | down <0.01 pts | ₹131 Cr | up ₹19.9 Cr | Added |
| Mankind Pharma Limited | 0.95% | down 0.05 pts | ₹128 Cr | up ₹13.7 Cr | Added |
| Tata Steel Limited | 0.90% | down 0.06 pts | ₹120 Cr | up ₹11.1 Cr | Added |
| Safari Industries (India) Limited | 0.85% | down 0.17 pts | ₹114 Cr | down ₹1.5 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 0.83% | down 0.08 pts | ₹112 Cr | up ₹7.8 Cr | Added |
| Data Patterns (India) Limited | 0.81% | up 0.81 pts | ₹108 Cr | up ₹108 Cr | Added |
| KEI Industries Limited | 0.77% | down 0.04 pts | ₹103 Cr | up ₹11.6 Cr | Added |
| Thermax Limited | 0.74% | up 0.74 pts | ₹99.5 Cr | up ₹99.5 Cr | New |
| Bharti Hexacom Limited | 0.74% | down 1.62 pts | ₹98.9 Cr | down ₹169 Cr | Trimmed |
| Aditya Birla Capital Limited | 0.74% | down 0.51 pts | ₹98.8 Cr | down ₹42.4 Cr | Trimmed |
| Hindalco Industries Limited | 0.72% | up 0.23 pts | ₹96.2 Cr | up ₹41.1 Cr | Added |
| Avalon Technologies Limited | 0.70% | down 0.03 pts | ₹93.4 Cr | up ₹11.4 Cr | Added |
| Anthem Biosciences Limited | 0.67% | down 1.12 pts | ₹89.1 Cr | down ₹114 Cr | Trimmed |
| APL Apollo Tubes Limited | 0.65% | up 0.65 pts | ₹86.4 Cr | up ₹86.4 Cr | New |
What changed, Mar 2026 to Apr 2026
New New positions (8)
- Netweb Technologies India Limited1.9% · ₹250 Cr
- JSW Energy Limited1.1% · ₹142 Cr
- Ather Energy Limited1.0% · ₹135 Cr
- Atlanta Electricals Limited1.0% · ₹131 Cr
- Thermax Limited0.7% · ₹99.5 Cr
- APL Apollo Tubes Limited0.6% · ₹86.4 Cr
- Syngene International Limited0.5% · ₹61.8 Cr
- Jindal Steel & Power Limited0.5% · ₹61.4 Cr
Exited Exited (1)
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 2026, the weight rose most in Electrical Equipment (+4.9 pts) and Capital Markets (+2.7 pts), and fell most in Industrial Products (−1.9 pts) and Telecom - Services (−1.6 pts).
- Electrical Equipment13.5% → 18.4%+4.9 pts
- Capital Markets12.6% → 15.3%+2.7 pts
- IT - Services0.0% → 1.9%new+1.9 pts
- Automobiles<0.1% → 1.0%+1.0 pts
- Power1.9% → 2.5%+0.6 pts
- Healthcare Services1.4% → 1.8%+0.4 pts
- Industrial Products9.1% → 7.2%−1.9 pts
- Telecom - Services2.4% → 0.7%−1.6 pts
- Auto Components2.0% → 0.6%−1.4 pts
- Pharmaceuticals & Biotechnology6.3% → 4.9%−1.3 pts
- Agricultural, Commercial & Construction Vehicles1.1% → <0.1%−1.1 pts
- Retailing9.2% → 8.2%−1.0 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 | Apr 2023 | Apr 2025 | Jun 2025 | Jun 2025 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|
| Electrical Equipment | 1.2% | 11.3% | 10.9% | 10.9% | 13.5% | 18.4% |
| Capital Markets | 3.2% | 9.7% | 11.7% | 11.7% | 12.6% | 15.3% |
| Banks | 5.7% | 4.3% | 1.5% | 1.5% | 9.3% | 8.6% |
| Retailing | 1.2% | 7.2% | 9.6% | 9.6% | 9.2% | 8.2% |
| Industrial Products | 11.6% | 2.4% | 1.8% | 1.8% | 9.1% | 7.2% |
| Finance | 8.3% | 1.4% | 8.8% | 8.8% | 5.9% | 5.3% |
| Pharmaceuticals & Biotechnology | 12.0% | 7.8% | 5.9% | 5.9% | 6.3% | 4.9% |
| Industrial Manufacturing | — | 2.0% | 5.1% | 5.1% | 4.1% | 4.1% |
| Aerospace & Defense | 1.1% | 3.6% | 2.7% | 2.7% | 3.7% | 3.9% |
| Financial Technology (fintech) | — | 1.7% | 1.7% | 1.7% | 3.5% | 3.5% |
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, Apr 2026
1.4%
▲ 0.3 pts vs Mar 2026
- Cash alone
- 1.4%
- cash and net receivables
- A year earlier
- 1.2%
- Apr 2025 · now ▲ 0.2 pts
- Last 12 months
- 1.1% – 2.4%
- lowest to highest · record 92.1% in Sep 2021
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.