Funds/Equity Savings/HDFC Equity Savings Fund

HDFC Equity Savings Fund

HDFC Mutual Fund·Equity Savings·vs Nifty Equity Savings TRI

The fund maintains a distinctly equity-heavy stance at 84% despite its hybrid mandate, signaling conviction in market upside while using debt and cash as stabilizers rather than significant allocations. Banking concentration at 16% reflects a structural bet on financial sector strength, complemented by blue-chip exposure across energy, pharma, and autos that mirrors domestic growth themes. Month-on-month, the manager trimmed liquidity instruments and added defensive power exposure, suggesting a tactical pivot toward tangible earnings generators over short-term cash management.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹66.1720	-0.45%	-2.41%	-1.92%	+1.99%	+8.64%	+8.79%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

115

Top 5 Weight

24.89%

Top 10 Weight

38.57%

Active Share

—

Large Cap

58.73%

Gini

0.564

What Changed2026-03-31 → 2026-04-30

Holdings: 116 → 117+2 added−1 removed20 weight shifts ≥ 0.1%

Stock	Sector	Weight
Kwality Wall’s (India) Limited	Food Products	0.01%
6.48% GOI MAT 061035	Sovereign	0.17%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	HDFC Bank Ltd.£ INE040A01034	Banks	EQUITY	7.27%
2	TREPS - Tri-party Repo		CASH_EQUIVALENT	6.43%
3	Reliance Industries Ltd. INE002A01018	Petroleum Products	EQUITY	6.10%
4	ICICI Bank Ltd. INE090A01021	Banks	EQUITY	4.03%
5	NTPC Limited INE733E01010	Power	EQUITY	3.81%
6	Titan Company Ltd. INE280A01028	Consumer Durables	EQUITY	3.68%
7	Larsen and Toubro Ltd. INE018A01030	Construction	EQUITY	3.64%
8	Sun Pharmaceutical Industries Ltd. INE044A01036	Pharmaceuticals & Biotechnology	EQUITY	3.59%
9	7.18% GOI MAT 140833 IN0020230085	Sovereign	DEBT	2.32%
10	Maruti Suzuki India Limited INE585B01010	Automobiles	EQUITY	2.10%
11	Bharti Airtel Ltd. INE397D01024	Telecom - Services	EQUITY	2.03%
12	7.1% GOI MAT 180429 IN0020220011	Sovereign	DEBT	1.96%
13	State Bank of India INE062A01020	Banks	EQUITY	1.87%
14	Adani Ports & Special Economic Zone INE742F01042	Transport Infrastructure	EQUITY	1.79%
15	Bajaj Finance Ltd. INE296A01032	Finance	EQUITY	1.67%
16	Axis Bank Ltd. INE238A01034	Banks	EQUITY	1.55%
17	Kotak Mahindra Bank Limited INE237A01036	Banks	EQUITY	1.55%
18	Muthoot Finance Ltd.^ INE414G07JQ6	CRISIL - AA+	EQUITY	1.31%
19	Hindalco Industries Ltd. INE038A01020	Non - Ferrous Metals	EQUITY	1.25%
20	State Bank of India (Tier 2 - Basel III)^ INE062A08454	CRISIL - AAA	EQUITY	1.21%

Sector Allocation

Banks16.3%

Sovereign8.5%

CRISIL - AAA8.4%

Petroleum Products6.4%

Pharmaceuticals & Biotechnology5.4%

Power5.3%

Automobiles5.1%

Consumer Durables4.1%

Construction4.1%

IT - Software3.3%

Top 10 sectors by % to NAV. Excludes derivatives.