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Value / Contra · HSBC Mutual Fund · AMFI code 151112HSBC Value Fund
Disclosed for 26 months, Nov 2022 to Aug 2026.
Portfolio value
₹15,373 Cr
up ₹385 Cr vs Jul 2026
- Stocks held
- 84
- unchanged
- Top 10 weight
- 30.9%
- of the portfolio in its ten largest
- Cash & debt
- 3.5%
- cash, money market and debt
- Moves this month
- 2 in · 2 out
- added to 10, trimmed 36
HSBC Value Fund is an active equity fund in the Value / Contra category from HSBC Mutual Fund. In August 2026 it disclosed 84 stocks worth ₹15,373 Cr, up ₹385 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (4.2%), HDFC Bank Limited (4.2%), Karur Vysya Bank Limited (3.6%); the ten largest together made up 30.9% of the portfolio, and Banks was the biggest sector at 25.4% of its equity. Cash and debt stood at 3.5%. Compared with Jul 2026 the fund entered 2 new stocks and exited 2.
Against 26 other Value / Contra funds
Concentration
27%
Top-10 weight is higher than 27% of peers
Breadth
88%
Holds more stocks than 88% of peers
Cash
42%
Holds more cash than 42% 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.
| ICICI Bank Limited | 4.20% | down 0.05 pts | ₹645 Cr | up ₹8.3 Cr | Added |
| HDFC Bank Limited | 4.15% | down 0.34 pts | ₹639 Cr | down ₹35.3 Cr | Trimmed |
| Karur Vysya Bank Limited | 3.57% | down 0.04 pts | ₹549 Cr | up ₹8.1 Cr | Added |
| Cash, TREPS & receivables | 3.55% | up 1.05 pts | ₹546 Cr | up ₹170 Cr | Added |
| The Federal Bank Limited | 3.37% | down 0.11 pts | ₹518 Cr | down ₹3.1 Cr | Trimmed |
| State Bank of India | 3.17% | up 0.02 pts | ₹487 Cr | up ₹15 Cr | Added |
| Reliance Industries Limited | 2.79% | down 0.14 pts | ₹429 Cr | down ₹10.3 Cr | Trimmed |
| PNB Housing Finance Limited | 2.66% | up 0.16 pts | ₹409 Cr | up ₹34 Cr | Added |
| Finolex Cables Limited | 2.43% | up 0.46 pts | ₹374 Cr | up ₹77.9 Cr | Added |
| Balrampur Chini Mills Limited | 2.32% | up 0.97 pts | ₹357 Cr | up ₹154 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.25% | up 0.07 pts | ₹345 Cr | up ₹19.7 Cr | Added |
| Larsen & Toubro Limited | 2.16% | up <0.01 pts | ₹332 Cr | up ₹8.7 Cr | Added |
| Hero MotoCorp Limited | 2.07% | down 0.03 pts | ₹319 Cr | up ₹3.7 Cr | Added |
| Indian Bank | 2.00% | up 0.09 pts | ₹307 Cr | up ₹21.3 Cr | Added |
| Tech Mahindra Limited | 1.99% | down 0.08 pts | ₹305 Cr | down ₹4.4 Cr | Trimmed |
| Jindal Saw Limited | 1.60% | up 0.24 pts | ₹246 Cr | up ₹41.8 Cr | Added |
| NTPC Limited | 1.55% | down 1.44 pts | ₹239 Cr | down ₹210 Cr | Trimmed |
| Maruti Suzuki India Limited | 1.49% | down 0.12 pts | ₹230 Cr | down ₹11.6 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.47% | up 0.28 pts | ₹226 Cr | up ₹47 Cr | Added |
| Pearl Global Industries Limited | 1.38% | up 0.19 pts | ₹212 Cr | up ₹34.4 Cr | Added |
| Welspun India Limited | 1.38% | up 0.26 pts | ₹212 Cr | up ₹43.6 Cr | Added |
| The Ramco Cements Limited | 1.33% | down 0.09 pts | ₹204 Cr | down ₹9 Cr | Trimmed |
| Jindal Steel & Power Limited | 1.32% | up 0.07 pts | ₹203 Cr | up ₹15.4 Cr | Added |
| K.P.R. Mill Limited | 1.31% | up 0.11 pts | ₹202 Cr | up ₹21.9 Cr | Added |
| Trent Limited | 1.26% | down 0.09 pts | ₹193 Cr | down ₹8.5 Cr | Trimmed |
| Angel One Limited | 1.26% | down 0.69 pts | ₹193 Cr | down ₹99 Cr | Trimmed |
| Bharti Airtel Limited | 1.22% | down 0.14 pts | ₹188 Cr | down ₹16.6 Cr | Trimmed |
| Axis Bank Limited | 1.19% | up 0.04 pts | ₹183 Cr | up ₹9.9 Cr | Added |
| Punjab National Bank | 1.18% | down 0.01 pts | ₹181 Cr | up ₹2.4 Cr | Added |
| Power Mech Projects Limited | 1.16% | down 0.05 pts | ₹178 Cr | down ₹3.2 Cr | Trimmed |
| Thangamayil Jewellery Limited | 1.13% | up 0.01 pts | ₹174 Cr | up ₹6 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 1.13% | down 0.07 pts | ₹174 Cr | down ₹5.9 Cr | Trimmed |
| Jindal Stainless Limited | 1.13% | down 0.08 pts | ₹174 Cr | down ₹8.1 Cr | Trimmed |
| GE Vernova T&D India Limited | 1.13% | up <0.01 pts | ₹173 Cr | up ₹4.7 Cr | Added |
| Jubilant Foodworks Limited | 1.11% | up 0.56 pts | ₹171 Cr | up ₹87.6 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.10% | down 0.03 pts | ₹169 Cr | down ₹49 L | Held |
| Can Fin Homes Limited | 1.05% | up 0.03 pts | ₹161 Cr | up ₹8.9 Cr | Added |
| Hindustan Unilever Limited | 1.04% | down 0.10 pts | ₹160 Cr | down ₹10.9 Cr | Trimmed |
| Tata Motors Ltd | 1.01% | up 0.52 pts | ₹156 Cr | up ₹81.9 Cr | Added |
| United Spirits Limited | 1.01% | up 0.20 pts | ₹155 Cr | up ₹34.3 Cr | Added |
| VARDHMAN TEXTILES LTD. Vardhman Textiles Limited · history in this fund | 1.01% | down 0.05 pts | ₹155 Cr | down ₹3.7 Cr | Trimmed |
| Paradeep Phosphates Limited | 0.99% | up 0.06 pts | ₹153 Cr | up ₹12.1 Cr | Added |
| Hindustan Petroleum Corporation Limited | 0.99% | down 0.09 pts | ₹152 Cr | down ₹10 Cr | Trimmed |
| CCL Products (India) Limited | 0.97% | down 0.09 pts | ₹149 Cr | down ₹10.4 Cr | Trimmed |
| Ratnamani Metals & Tubes Limited | 0.92% | up 0.08 pts | ₹141 Cr | up ₹15.5 Cr | Added |
| Infosys Limited | 0.92% | down 0.02 pts | ₹141 Cr | up ₹46 L | Held |
| Mahindra & Mahindra Limited | 0.90% | down 0.06 pts | ₹139 Cr | down ₹4.9 Cr | Trimmed |
| Oberoi Realty Limited | 0.90% | down <0.01 pts | ₹138 Cr | up ₹3 Cr | Added |
| Siemens Limited | 0.89% | up 0.04 pts | ₹137 Cr | up ₹9.2 Cr | Added |
| Sapphire Foods India Limited | 0.88% | up 0.46 pts | ₹135 Cr | up ₹72.5 Cr | Added |
What changed, Jul 2026 to Aug 2026
New New positions (2)
- Manipal Health Enterprises Ltd0.5% · ₹77 Cr
- Shriram Pistons & Rings Limited0.1% · ₹22.7 Cr
Exited Exited (2)
- Power Finance Corporation Limitedwas 1.2% · ₹183 Cr
- Varun Beverages Limitedwas 0.3% · ₹41 Cr
Added Biggest additions
- Balrampur Chini Mills Limitedup ₹154 Cr (+0.97% pts)
- Jubilant Foodworks Limitedup ₹87.6 Cr (+0.56% pts)
- Tata Motors Ltdup ₹81.9 Cr (+0.52% pts)
- Finolex Cables Limitedup ₹77.9 Cr (+0.46% pts)
- Sapphire Foods India Limitedup ₹72.5 Cr (+0.46% pts)
- Multi Commodity Exchange of India Limitedup ₹47 Cr (+0.28% pts)
- Welspun India Limitedup ₹43.6 Cr (+0.26% pts)
- Jindal Saw Limitedup ₹41.8 Cr (+0.24% pts)
- Pearl Global Industries Limitedup ₹34.4 Cr (+0.19% pts)
- United Spirits Limitedup ₹34.3 Cr (+0.20% pts)
Trimmed Biggest reductions
- NTPC Limiteddown ₹210 Cr (−1.44% pts)
- Angel One Limiteddown ₹99 Cr (−0.69% pts)
- Coromandel International Limiteddown ₹54.6 Cr (−0.38% pts)
- PNC Infratech Limiteddown ₹38.8 Cr (−0.27% pts)
- HDFC Bank Limiteddown ₹35.3 Cr (−0.34% pts)
- Housing & Urban Development Corporation Limiteddown ₹19.8 Cr (−0.15% pts)
- KEC International Limiteddown ₹19.6 Cr (−0.14% pts)
- Bharti Airtel Limiteddown ₹16.6 Cr (−0.14% pts)
- Page Industries Limiteddown ₹15.8 Cr (−0.13% pts)
- Sobha Limiteddown ₹12.3 Cr (−0.10% 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 Leisure Services (+1.1 pts) and Agricultural Food & Other Products (+0.9 pts), and fell most in Power (−1.5 pts) and Finance (−1.1 pts).
- Leisure Services1.0% → 2.1%+1.1 pts
- Agricultural Food & Other Products2.5% → 3.4%+0.9 pts
- Industrial Products5.0% → 5.8%+0.8 pts
- Textiles & Apparels5.1% → 5.8%+0.7 pts
- Agricultural, Commercial & Construction Vehicles0.5% → 1.1%+0.5 pts
- Healthcare Services0.0% → 0.5%new+0.5 pts
- Power3.1% → 1.6%−1.5 pts
- Finance9.3% → 8.1%−1.1 pts
- Construction4.9% → 4.5%−0.4 pts
- Capital Markets3.4% → 3.0%−0.4 pts
- Fertilizers & Agrochemicals2.5% → 2.1%−0.3 pts
- Petroleum Products4.1% → 3.9%−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 | Aug 2023 | Jun 2025 | Feb 2026 | Apr 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|---|---|
| Banks | 24.0% | 22.0% | 27.1% | 23.0% | 25.5% | 25.4% |
| Finance | 3.4% | 7.9% | 8.2% | 8.9% | 9.3% | 8.1% |
| Textiles & Apparels | 1.7% | 1.0% | 2.7% | 3.2% | 5.1% | 5.8% |
| Industrial Products | 5.5% | 4.0% | 3.9% | 4.8% | 5.0% | 5.8% |
| Automobiles | 3.4% | 5.5% | 4.8% | 2.9% | 4.8% | 4.6% |
| Construction | 10.0% | 6.7% | 4.6% | 4.5% | 4.9% | 4.5% |
| Petroleum Products | 2.1% | 4.5% | 4.1% | 4.4% | 4.1% | 3.9% |
| IT - Software | 9.2% | 7.5% | 6.1% | 5.7% | 3.9% | 3.9% |
| Agricultural Food & Other Products | 0.4% | 2.2% | 2.1% | 2.2% | 2.5% | 3.4% |
| Capital Markets | — | 4.4% | 3.1% | 4.2% | 3.4% | 3.0% |
Allocation in Aug 2026change vs Jul 2026
- Banks (10)25.4%▼ 0.1 pts
- Finance (6)8.1%▼ 1.1 pts
- Textiles & Apparels (5)5.8%▲ 0.7 pts
- Industrial Products (4)5.8%▲ 0.8 pts
- Automobiles (3)4.6%▼ 0.2 pts
- Construction (5)4.5%▼ 0.4 pts
- Petroleum Products (2)3.9%▼ 0.2 pts
- IT - Software (4)3.9%▼ 0.1 pts
- Agricultural Food & Other Products (2)3.4%▲ 0.9 pts
- Capital Markets (3)3.0%▼ 0.4 pts
- Ferrous Metals (2)2.5%
- Realty (3)2.5%▲ 0.1 pts
- Electrical Equipment (3)2.4%
- Cement & Cement Products (3)2.2%▼ 0.1 pts
- Fertilizers & Agrochemicals (3)2.1%▼ 0.3 pts
- Leisure Services (2)2.1%▲ 1.1 pts
- Pharmaceuticals & Biotechnology (3)2.0%
- Beverages (2)1.7%
- Consumer Durables (3)1.6%
- Power (1)1.6%▼ 1.5 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
3.5%
▲ 1.0 pts vs Jul 2026
- Cash alone
- 3.5%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.7% – 7.1%
- lowest to highest · record 7.1% in Mar 2026
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.
The last 24 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Aug 2026 | ₹15,373 Cr | 84 | 2 | 2 | 3.5% | 3.5% | — |
| Jul 2026 | ₹14,988 Cr | 84 | 3 | 0 | 2.5% | 2.5% | — |
| Jun 2026 | ₹14,828 Cr | 81 | 2 | 2 | 1.7% | 1.7% | — |
| Apr 2026 | ₹14,873 Cr | 81 | 4 | 0 | 2.2% | 2.2% | — |
| Mar 2026 | ₹13,371 Cr | 77 | 0 | 1 | 7.0% | 7.1% | — |
| Feb 2026 | ₹14,750 Cr | 78 | 9 | 7 | 5.4% | 5.4% | — |
| Jun 2025 | ₹14,054 Cr | 76 | 4 | 4 | 1.5% | 1.5% | — |
| Apr 2025 | ₹13,095 Cr | 76 | 2 | 0 | 0.8% | 0.8% | — |
| Mar 2025 | ₹12,600 Cr | 74 | 2 | 0 | 2.3% | 2.3% | — |
| Feb 2025 | ₹11,580 Cr | 72 | 4 | 7 | 5.6% | 5.6% | — |
| Dec 2024 | ₹13,565 Cr | 75 | 8 | 2 | 1.6% | 1.6% | — |
| Jun 2024 | ₹13,358 Cr | 69 | 1 | 0 | 1.2% | 1.2% | — |
| May 2024 | ₹12,373 Cr | 68 | 2 | 2 | 1.1% | 1.2% | — |
| Apr 2024 | ₹12,067 Cr | 68 | 4 | 3 | 1.7% | 1.7% | — |
| Nov 2023 | ₹10,129 Cr | 67 | 0 | 0 | 0.7% | 0.7% | — |
| Oct 2023 | ₹9,289 Cr | 67 | 0 | 1 | 0.7% | 0.7% | — |
| Sep 2023 | ₹9,519 Cr | 68 | 5 | 3 | 0.5% | 0.5% | — |
| Aug 2023 | ₹9,237 Cr | 66 | 5 | 1 | 0.9% | 0.9% | — |
| Jun 2023 | ₹8,555 Cr | 62 | 0 | 0 | 1.2% | 1.2% | 25% |
| May 2023 | ₹8,213 Cr | 62 | 3 | 0 | 1.4% | 1.4% | 28% |
| Apr 2023 | ₹8,088 Cr | 59 | 1 | 2 | 1.5% | 1.5% | 27% |
| Mar 2023 | ₹7,884 Cr | 60 | 0 | 1 | 0.3% | 0.3% | 30% |
| Feb 2023 | ₹7,782 Cr | 61 | 1 | 1 | 0.6% | 0.6% | 32% |
| Jan 2023 | ₹7,939 Cr | 61 | 1 | 0 | 0.9% | 0.9% | 33% |
For any of the 2 earlier months, choose it in “Portfolio as of” at the top of the page.