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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
₹6,503 Cr
up ₹435 Cr vs Jul 2026
- Stocks held
- 101
- unchanged
- Top 10 weight
- 22.9%
- of the portfolio in its ten largest
- Cash & debt
- 1.9%
- cash, money market and debt
- Moves this month
- 2 in · 2 out
- added to 10, trimmed 38
HSBC Multi Cap Fund is an active equity fund in the Multi Cap category from HSBC Mutual Fund. In August 2026 it disclosed 101 stocks worth ₹6,503 Cr, up ₹435 Cr from Jul 2026. Its largest positions were TD Power Systems Limited (3.0%), HDFC Bank Limited (2.8%), The Federal Bank Limited (2.6%); the ten largest together made up 22.9% of the portfolio, and Banks was the biggest sector at 14.5% of its equity. Cash and debt stood at 1.9%. Compared with Jul 2026 the fund entered 2 new stocks and exited 2.
Against 32 other Multi Cap funds
Concentration
13%
Top-10 weight is higher than 13% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
22%
Holds more cash than 22% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| TD Power Systems Limited | 3.01% | up 1.68 pts | ₹196 Cr | up ₹115 Cr | Added |
| HDFC Bank Limited | 2.80% | down 0.37 pts | ₹182 Cr | down ₹10.1 Cr | Trimmed |
| The Federal Bank Limited | 2.57% | down 0.20 pts | ₹167 Cr | down ₹1 Cr | Trimmed |
| Apar Industries Limited | 2.39% | up 0.58 pts | ₹156 Cr | up ₹45.8 Cr | Added |
| ICICI Bank Limited | 2.30% | down 0.13 pts | ₹149 Cr | up ₹1.9 Cr | Added |
| Sai Life Sciences Limited | 1.99% | up 0.07 pts | ₹129 Cr | up ₹12.8 Cr | Added |
| Tata Motors Ltd | 1.98% | up 0.49 pts | ₹129 Cr | up ₹38.4 Cr | Added |
| Reliance Industries Limited | 1.98% | down 0.19 pts | ₹129 Cr | down ₹3.1 Cr | Trimmed |
| Navin Fluorine International Limited | 1.95% | up 0.13 pts | ₹127 Cr | up ₹16.2 Cr | Added |
| State Bank of India | 1.95% | down 0.08 pts | ₹127 Cr | up ₹3.9 Cr | Added |
| Cash, TREPS & receivables | 1.87% | down 1.22 pts | ₹121 Cr | down ₹66.2 Cr | Trimmed |
| Radico Khaitan Limited | 1.85% | down 0.07 pts | ₹120 Cr | up ₹3.9 Cr | Added |
| Happy Forgings Limited | 1.83% | up 0.49 pts | ₹119 Cr | up ₹37.5 Cr | Added |
| Larsen & Toubro Limited | 1.60% | down 0.07 pts | ₹104 Cr | up ₹2.7 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.53% | up 0.27 pts | ₹99.2 Cr | up ₹23 Cr | Added |
| Divi's Laboratories Limited | 1.48% | up 0.13 pts | ₹96.3 Cr | up ₹14.3 Cr | Added |
| Oberoi Realty Limited | 1.48% | down 0.07 pts | ₹96.3 Cr | up ₹2.1 Cr | Added |
| Eternal Limited | 1.42% | up 0.26 pts | ₹92.2 Cr | up ₹21.8 Cr | Added |
| Engineers India Limited | 1.41% | up 0.52 pts | ₹92 Cr | up ₹37.6 Cr | Added |
| Multi Commodity Exchange of India Limited | 1.41% | up 0.21 pts | ₹91.4 Cr | up ₹19 Cr | Added |
| Hero MotoCorp Limited | 1.40% | down 0.08 pts | ₹90.8 Cr | up ₹1.1 Cr | Added |
| Thangamayil Jewellery Limited | 1.39% | down 0.05 pts | ₹90.5 Cr | up ₹3.1 Cr | Added |
| IPCA Laboratories Limited | 1.35% | up 0.07 pts | ₹87.7 Cr | up ₹10.1 Cr | Added |
| Karur Vysya Bank Limited | 1.34% | down 0.07 pts | ₹87.4 Cr | up ₹1.3 Cr | Added |
| Finolex Cables Limited | 1.33% | up 0.20 pts | ₹86.7 Cr | up ₹18 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 1.33% | up 0.34 pts | ₹86.3 Cr | up ₹26.7 Cr | Added |
| Paras Defence and Space Technologies Limited | 1.33% | up 0.08 pts | ₹86.2 Cr | up ₹10.6 Cr | Added |
| Neuland Laboratories Limited | 1.31% | up 0.15 pts | ₹85.1 Cr | up ₹14.7 Cr | Added |
| Kotak Mahindra Bank Limited | 1.25% | up <0.01 pts | ₹81.1 Cr | up ₹5.6 Cr | Added |
| Jubilant Foodworks Limited | 1.22% | up 0.29 pts | ₹79.5 Cr | up ₹23.2 Cr | Added |
| Max Healthcare Institute Limited | 1.22% | down 0.16 pts | ₹79.3 Cr | down ₹4.3 Cr | Trimmed |
| GE Vernova T&D India Limited | 1.22% | down 0.05 pts | ₹79.1 Cr | up ₹2.2 Cr | Added |
| Cummins India Limited | 1.19% | down 0.19 pts | ₹77.6 Cr | down ₹6.3 Cr | Trimmed |
| Bharti Airtel Limited | 1.17% | up 0.06 pts | ₹76.1 Cr | up ₹8.9 Cr | Added |
| TVS Motor Company Limited | 1.14% | down 0.07 pts | ₹73.9 Cr | up ₹48 L | Added |
| Nippon Life India Asset Management Limited | 1.11% | down 0.07 pts | ₹72.2 Cr | up ₹67 L | Added |
| Tech Mahindra Limited | 1.09% | down 0.10 pts | ₹71.2 Cr | down ₹1 Cr | Trimmed |
| Hindustan Aeronautics Limited | 1.05% | down 0.04 pts | ₹68 Cr | up ₹2.2 Cr | Added |
| UltraTech Cement Limited | 1.04% | down 0.12 pts | ₹67.6 Cr | down ₹2.7 Cr | Trimmed |
| K.P.R. Mill Limited | 1.03% | up 0.05 pts | ₹66.8 Cr | up ₹7.2 Cr | Added |
| Lenskart Solutions Limited | 1.03% | up 0.76 pts | ₹66.7 Cr | up ₹50.7 Cr | Added |
| CCL Products (India) Limited | 1.01% | down 0.15 pts | ₹65.9 Cr | down ₹4.6 Cr | Trimmed |
| Eicher Motors Limited | 0.96% | down 0.05 pts | ₹62.4 Cr | up ₹94 L | Added |
| Torrent Pharmaceuticals Limited | 0.96% | down 0.08 pts | ₹62.3 Cr | down ₹70 L | Trimmed |
| Bharat Heavy Electricals Limited | 0.94% | up 0.01 pts | ₹61.4 Cr | up ₹4.9 Cr | Added |
| Lupin Limited | 0.92% | down 0.71 pts | ₹59.8 Cr | down ₹39.3 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 0.91% | down 0.02 pts | ₹59.3 Cr | up ₹2.7 Cr | Added |
| City Union Bank Limited | 0.91% | up 0.03 pts | ₹59.1 Cr | up ₹5.8 Cr | Added |
| JSW Steel Limited | 0.88% | down 0.04 pts | ₹57 Cr | up ₹1.6 Cr | Added |
| Vijaya Diagnostic Centre Limited | 0.87% | up 0.16 pts | ₹56.5 Cr | up ₹13.2 Cr | Added |
What changed, Jul 2026 to Aug 2026
New New positions (2)
- Thyrocare Technologies Limited0.8% · ₹54.5 Cr
- Manipal Health Enterprises Ltd0.5% · ₹34.3 Cr
Exited Exited (2)
- Tata Power Company Limitedwas 0.5% · ₹32.9 Cr
- Varun Beverages Limitedwas 0.3% · ₹15.8 Cr
Added Biggest additions
- TD Power Systems Limitedup ₹115 Cr (+1.68% pts)
- Lenskart Solutions Limitedup ₹50.7 Cr (+0.76% pts)
- Apar Industries Limitedup ₹45.8 Cr (+0.58% pts)
- Tata Motors Ltdup ₹38.4 Cr (+0.49% pts)
- Engineers India Limitedup ₹37.6 Cr (+0.52% pts)
- Happy Forgings Limitedup ₹37.5 Cr (+0.49% pts)
- Mahindra & Mahindra Financial Services Limitedup ₹26.7 Cr (+0.34% pts)
- Jubilant Foodworks Limitedup ₹23.2 Cr (+0.29% pts)
- Shriram Transport Finance Company Limitedup ₹23 Cr (+0.27% pts)
- Eternal Limitedup ₹21.8 Cr (+0.26% pts)
Trimmed Biggest reductions
- BSE Limiteddown ₹56 Cr (−0.95% pts)
- Lupin Limiteddown ₹39.3 Cr (−0.71% pts)
- Housing & Urban Development Corporation Limiteddown ₹34 Cr (−0.56% pts)
- Thermax Limiteddown ₹18.1 Cr (−0.32% pts)
- eClerx Services Limiteddown ₹17.2 Cr (−0.33% pts)
- HDFC Bank Limiteddown ₹10.1 Cr (−0.37% pts)
- Cummins India Limiteddown ₹6.3 Cr (−0.19% pts)
- CCL Products (India) Limiteddown ₹4.6 Cr (−0.15% pts)
- Max Healthcare Institute Limiteddown ₹4.3 Cr (−0.16% pts)
- Time Technoplast Limiteddown ₹4.3 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 Jul 2026, the weight rose most in Electrical Equipment (+1.7 pts) and Healthcare Services (+1.2 pts), and fell most in Banks (−1.1 pts) and Capital Markets (−1.0 pts).
- Electrical Equipment8.1% → 9.9%+1.7 pts
- Healthcare Services3.0% → 4.2%+1.2 pts
- Retailing2.9% → 3.9%+0.9 pts
- Agricultural, Commercial & Construction Vehicles1.5% → 2.0%+0.5 pts
- Construction3.3% → 3.7%+0.4 pts
- Industrial Products7.8% → 8.0%+0.3 pts
- Banks15.6% → 14.5%−1.1 pts
- Capital Markets6.2% → 5.2%−1.0 pts
- Power1.3% → 0.7%−0.7 pts
- Pharmaceuticals & Biotechnology9.4% → 8.8%−0.6 pts
- Automobiles5.2% → 4.8%−0.4 pts
- Commercial Services & Supplies1.5% → 1.1%−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 | Aug 2023 | Jun 2025 | Feb 2026 | Apr 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|---|---|
| Banks | 12.8% | 14.7% | 17.6% | 15.7% | 15.6% | 14.5% |
| Electrical Equipment | 4.3% | 6.6% | 6.4% | 8.1% | 8.1% | 9.9% |
| Pharmaceuticals & Biotechnology | 4.8% | 6.5% | 6.2% | 6.8% | 9.4% | 8.8% |
| Industrial Products | 12.4% | 2.3% | 4.3% | 5.6% | 7.8% | 8.0% |
| Capital Markets | — | 6.3% | 5.7% | 6.4% | 6.2% | 5.2% |
| Automobiles | 3.0% | 5.1% | 6.7% | 4.5% | 5.2% | 4.8% |
| Finance | 5.1% | 8.2% | 5.5% | 3.8% | 4.6% | 4.7% |
| Healthcare Services | 1.8% | 1.1% | 2.3% | 2.1% | 3.0% | 4.2% |
| Retailing | 2.1% | 3.8% | 2.0% | 2.5% | 2.9% | 3.9% |
| Construction | 8.4% | 5.8% | 3.9% | 3.3% | 3.3% | 3.7% |
Allocation in Aug 2026change vs Jul 2026
- Banks (9)14.5%▼ 1.1 pts
- Electrical Equipment (8)9.9%▲ 1.7 pts
- Pharmaceuticals & Biotechnology (7)8.8%▼ 0.6 pts
- Industrial Products (9)8.0%▲ 0.3 pts
- Capital Markets (7)5.2%▼ 1.0 pts
- Automobiles (5)4.8%▼ 0.4 pts
- Finance (6)4.7%▲ 0.1 pts
- Healthcare Services (5)4.2%▲ 1.2 pts
- Retailing (4)3.9%▲ 0.9 pts
- Construction (3)3.7%▲ 0.4 pts
- Aerospace & Defense (3)3.2%▲ 0.1 pts
- IT - Software (5)2.9%
- Chemicals & Petrochemicals (2)2.3%▲ 0.1 pts
- Consumer Durables (2)2.3%▼ 0.1 pts
- Agricultural, Commercial & Construction Vehicles (1)2.0%▲ 0.5 pts
- Petroleum Products (1)2.0%▼ 0.2 pts
- Beverages (1)1.9%▼ 0.4 pts
- Leisure Services (2)1.8%▲ 0.2 pts
- Cement & Cement Products (2)1.6%▼ 0.2 pts
- Realty (1)1.5%▼ 0.1 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, Aug 2026
1.9%
▼ 1.2 pts vs Jul 2026
- Cash alone
- 1.8%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.6% – 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.
All 24 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Aug 2026 | ₹6,503 Cr | 101 | 2 | 2 | 1.8% | 1.9% | — |
| Jul 2026 | ₹6,068 Cr | 101 | 4 | 1 | 3.1% | 3.1% | — |
| Jun 2026 | ₹5,914 Cr | 98 | 12 | 10 | 1.6% | 1.6% | — |
| Apr 2026 | ₹5,500 Cr | 96 | 1 | 3 | 3.6% | 3.6% | — |
| Mar 2026 | ₹4,800 Cr | 98 | 3 | 9 | 5.3% | 5.3% | — |
| Feb 2026 | ₹5,301 Cr | 104 | 30 | 24 | 2.1% | 2.1% | — |
| Jun 2025 | ₹4,985 Cr | 98 | 7 | 4 | 1.1% | 1.1% | — |
| Apr 2025 | ₹4,474 Cr | 95 | 1 | 1 | 0.9% | 0.8% | — |
| Mar 2025 | ₹4,276 Cr | 95 | 1 | 1 | 1.6% | 1.6% | — |
| Feb 2025 | ₹3,892 Cr | 95 | 6 | 8 | 1.1% | 1.1% | — |
| Dec 2024 | ₹4,495 Cr | 97 | 20 | 15 | 2.8% | 2.8% | — |
| Jun 2024 | ₹3,561 Cr | 92 | 1 | 0 | 1.9% | 1.9% | — |
| May 2024 | ₹3,109 Cr | 91 | 6 | 3 | 2.4% | 2.4% | — |
| Apr 2024 | ₹2,976 Cr | 88 | 13 | 7 | 1.2% | 1.2% | — |
| Nov 2023 | ₹2,039 Cr | 82 | 1 | 0 | 2.9% | 2.9% | — |
| Oct 2023 | ₹1,781 Cr | 81 | 1 | 1 | 2.6% | 2.6% | — |
| Sep 2023 | ₹1,754 Cr | 81 | 3 | 1 | 1.1% | 1.0% | — |
| Aug 2023 | ₹1,658 Cr | 79 | 5 | 1 | 1.8% | 1.8% | — |
| Jun 2023 | ₹1,452 Cr | 75 | 2 | 0 | 1.4% | 1.4% | 3% |
| May 2023 | ₹1,352 Cr | 73 | 4 | 0 | 1.8% | 1.8% | 2% |
| Apr 2023 | ₹1,278 Cr | 69 | 7 | 0 | 4.0% | 4.0% | 302023% |
| Mar 2023 | ₹1,258 Cr | 62 | 14 | 0 | 16.1% | 16.1% | 31% |
| Feb 2023 | ₹1,228 Cr | 48 | 38 | 0 | 45.2% | 45.2% | 28% |
| Jan 2023 | ₹1,206 Cr | 10 | 98.1% | 98.1% | 312023% |