Loading…
Multi Cap · HSBC Mutual Fund · AMFI code 151289HSBC Multi Cap Fund
Disclosed for 24 months, Jan 2023 to Aug 2026.
Portfolio value
₹5,301 Cr
up ₹316 Cr vs Jun 2025
- Stocks held
- 104
- up 6 vs Jun 2025
- Top 10 weight
- 24.8%
- of the portfolio in its ten largest
- Cash & debt
- 2.1%
- cash, money market and debt
- Moves this month
- 30 in · 24 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 February 2026 it disclosed 104 stocks worth ₹5,301 Cr, up ₹316 Cr from Jun 2025. Its largest positions were HDFC Bank Limited (3.8%), State Bank of India (3.3%), Reliance Industries Limited (2.8%); the ten largest together made up 24.8% of the portfolio, and Banks was the biggest sector at 17.6% of its equity. Cash and debt stood at 2.1%. Compared with Jun 2025 the fund entered 30 new stocks and exited 24.
Against 32 other Multi Cap funds
Concentration
34%
Top-10 weight is higher than 34% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
25%
Holds more cash than 25% 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.
| HDFC Bank Limited | 3.80% | down 0.49 pts | ₹201 Cr | down ₹12.3 Cr | Trimmed |
| State Bank of India | 3.34% | up 1.84 pts | ₹177 Cr | up ₹102 Cr | Added |
| Reliance Industries Limited | 2.77% | down 0.40 pts | ₹147 Cr | down ₹11.3 Cr | Trimmed |
| The Federal Bank Limited | 2.54% | up 0.85 pts | ₹135 Cr | up ₹50.4 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.51% | up 0.57 pts | ₹133 Cr | up ₹36.2 Cr | Added |
| Cash, TREPS & receivables | 2.15% | up 1.05 pts | ₹114 Cr | up ₹59.3 Cr | Added |
| Larsen & Toubro Limited | 2.12% | up 0.32 pts | ₹112 Cr | up ₹22.9 Cr | Added |
| TD Power Systems Limited | 2.01% | up 0.66 pts | ₹107 Cr | up ₹39.1 Cr | Added |
| Ashok Leyland Limited | 2.00% | up 2.00 pts | ₹106 Cr | up ₹106 Cr | New |
| Multi Commodity Exchange of India Limited | 1.88% | down 0.68 pts | ₹99.4 Cr | down ₹27.9 Cr | Trimmed |
| ICICI Bank Limited | 1.87% | down 0.81 pts | ₹99 Cr | down ₹34.4 Cr | Trimmed |
| Mahindra & Mahindra Limited | 1.79% | up 0.01 pts | ₹94.7 Cr | up ₹6 Cr | Added |
| GE Vernova T&D India Limited | 1.77% | down 0.08 pts | ₹94 Cr | up ₹1.8 Cr | Added |
| Sai Life Sciences Limited | 1.67% | up 0.50 pts | ₹88.3 Cr | up ₹30 Cr | Added |
| Karur Vysya Bank Limited | 1.55% | up 0.54 pts | ₹82 Cr | up ₹31.9 Cr | Added |
| Kotak Mahindra Bank Limited | 1.52% | down 0.17 pts | ₹80.3 Cr | down ₹3.8 Cr | Trimmed |
| TVS Motor Company Limited | 1.48% | up 0.29 pts | ₹78.3 Cr | up ₹19.3 Cr | Added |
| Max Healthcare Institute Limited | 1.46% | up 0.37 pts | ₹77.3 Cr | up ₹22.9 Cr | Added |
| Nippon Life India Asset Management Limited | 1.42% | down 0.82 pts | ₹75.1 Cr | down ₹36.5 Cr | Trimmed |
| UltraTech Cement Limited | 1.41% | up 0.26 pts | ₹74.9 Cr | up ₹17.4 Cr | Added |
| Cummins India Limited | 1.41% | up 1.41 pts | ₹74.5 Cr | up ₹74.5 Cr | New |
| Apar Industries Limited | 1.38% | up 1.38 pts | ₹73.2 Cr | up ₹73.2 Cr | New |
| Thangamayil Jewellery Limited | 1.32% | up 0.90 pts | ₹70.1 Cr | up ₹48.9 Cr | Added |
| Lupin Limited | 1.30% | up 0.14 pts | ₹68.9 Cr | up ₹10.9 Cr | Added |
| Hindustan Unilever Limited | 1.29% | up 0.61 pts | ₹68.2 Cr | up ₹34.3 Cr | Added |
| Jubilant Foodworks Limited | 1.26% | down 0.42 pts | ₹66.8 Cr | down ₹17.1 Cr | Trimmed |
| Oil India Limited | 1.24% | up 1.24 pts | ₹65.5 Cr | up ₹65.5 Cr | New |
| Infosys Limited | 1.23% | up 0.27 pts | ₹65.3 Cr | up ₹17.4 Cr | Added |
| Divi's Laboratories Limited | 1.23% | down 0.16 pts | ₹65.2 Cr | down ₹4.1 Cr | Trimmed |
| Bharti Airtel Limited | 1.21% | down 0.32 pts | ₹64 Cr | down ₹12.1 Cr | Trimmed |
| eClerx Services Limited | 1.19% | up 0.10 pts | ₹63.3 Cr | up ₹8.6 Cr | Added |
| Eicher Motors Limited | 1.19% | up 1.19 pts | ₹62.8 Cr | up ₹62.8 Cr | New |
| Hero MotoCorp Limited | 1.18% | up 0.90 pts | ₹62.7 Cr | up ₹48.7 Cr | Added |
| CCL Products (India) Limited | 1.17% | up 0.38 pts | ₹62 Cr | up ₹22.8 Cr | Added |
| Tata Steel Limited | 1.10% | up 1.10 pts | ₹58.1 Cr | up ₹58.1 Cr | New |
| Eternal Limited | 1.08% | down 0.88 pts | ₹57.3 Cr | down ₹40.2 Cr | Trimmed |
| Britannia Industries Limited | 1.05% | up 1.05 pts | ₹55.7 Cr | up ₹55.7 Cr | New |
| City Union Bank Limited | 1.03% | up 1.03 pts | ₹54.7 Cr | up ₹54.7 Cr | New |
| Oberoi Realty Limited | 1.03% | down 0.72 pts | ₹54.6 Cr | down ₹32.4 Cr | Trimmed |
| Engineers India Limited | 1.02% | down 0.53 pts | ₹54.2 Cr | down ₹23.3 Cr | Trimmed |
| MTAR Technologies Limited | 1.00% | up 1.00 pts | ₹52.8 Cr | up ₹52.8 Cr | New |
| K.P.R. Mill Limited | 0.96% | down 0.60 pts | ₹50.9 Cr | down ₹26.6 Cr | Trimmed |
| Varun Beverages Limited | 0.95% | down 0.07 pts | ₹50.5 Cr | down ₹69 L | Trimmed |
| NTPC Limited | 0.94% | down 0.25 pts | ₹49.6 Cr | down ₹9.7 Cr | Trimmed |
| Lemon Tree Hotels Limited | 0.90% | up 0.02 pts | ₹47.9 Cr | up ₹3.9 Cr | Added |
| Neuland Laboratories Limited | 0.89% | down 0.24 pts | ₹47.4 Cr | down ₹8.9 Cr | Trimmed |
| Maruti Suzuki India Limited | 0.89% | down 0.25 pts | ₹47.1 Cr | down ₹9.7 Cr | Trimmed |
| Titan Company Limited | 0.87% | up 0.33 pts | ₹46.2 Cr | up ₹19.1 Cr | Added |
| HCL Technologies Limited | 0.87% | up 0.28 pts | ₹46 Cr | up ₹16.7 Cr | Added |
| Hindustan Aeronautics Limited | 0.83% | up 0.06 pts | ₹44 Cr | up ₹5.6 Cr | Added |
What changed, Jun 2025 to Feb 2026
New New positions (30)
- Ashok Leyland Limited2.0% · ₹106 Cr
- Cummins India Limited1.4% · ₹74.5 Cr
- Apar Industries Limited1.4% · ₹73.2 Cr
- Oil India Limited1.2% · ₹65.5 Cr
- Eicher Motors Limited1.2% · ₹62.8 Cr
- Tata Steel Limited1.1% · ₹58.1 Cr
- Britannia Industries Limited1.1% · ₹55.7 Cr
- City Union Bank Limited1.0% · ₹54.7 Cr
- MTAR Technologies Limited1.0% · ₹52.8 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 (+2.8 pts) and Agricultural, Commercial & Construction Vehicles (+2.0 pts), and fell most in Finance (−2.7 pts) and IT - Software (−2.6 pts).
- Banks14.7% → 17.6%+2.8 pts
- Agricultural, Commercial & Construction Vehicles0.0% → 2.0%new+2.0 pts
- Industrial Products2.3% → 4.3%+2.0 pts
- Automobiles5.1% → 6.7%+1.6 pts
- Ferrous Metals0.3% → 1.8%+1.5 pts
- Oil0.0% → 1.3%new+1.3 pts
- Finance8.2% → 5.5%−2.7 pts
- IT - Software7.0% → 4.4%−2.6 pts
- Construction5.8% → 3.9%−1.9 pts
- Retailing3.8% → 2.0%−1.8 pts
- Textiles & Apparels2.4% → 1.0%−1.4 pts
- Fertilizers & Agrochemicals1.8% → 0.6%−1.2 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 | Feb 2023 | Feb 2025 | Jun 2025 | Jun 2025 | Jun 2025 | Feb 2026 |
|---|---|---|---|---|---|---|
| Banks | 16.1% | 13.5% | 14.7% | 14.7% | 14.7% | 17.6% |
| Automobiles | 2.4% | 4.9% | 5.1% | 5.1% | 5.1% | 6.7% |
| Electrical Equipment | 3.3% | 5.0% | 6.6% | 6.6% | 6.6% | 6.4% |
| Pharmaceuticals & Biotechnology | 3.5% | 8.0% | 6.5% | 6.5% | 6.5% | 6.2% |
| Capital Markets | — | 4.1% | 6.3% | 6.3% | 6.3% | 5.7% |
| Finance | — | 8.4% | 8.2% | 8.2% | 8.2% | 5.5% |
| IT - Software | 11.7% | 11.2% | 7.0% | 7.0% | 7.0% | 4.4% |
| Industrial Products | 9.2% | 2.7% | 2.3% | 2.3% | 2.3% | 4.3% |
| Construction | 11.2% | 4.5% | 5.8% | 5.8% | 5.8% | 3.9% |
| Petroleum Products | 1.8% | 2.4% | 3.2% | 3.2% | 3.2% | 2.8% |
Allocation in Feb 2026change vs Jun 2025
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
2.1%
▲ 1.1 pts vs Jun 2025
- Cash alone
- 2.1%
- cash and net receivables
- A year earlier
- 1.1%
- Feb 2025 · now ▲ 1.1 pts
- Last 12 months
- 0.8% – 2.1%
- 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.