HDFC Equity Savings Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹66.3960 | -0.84% | +1.75% | +8.67% | +8.86% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Kwality Wall’s (India) Limited | 0.01% |
| 6.48% GOI MAT 061035 | 0.17% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd.£ INE040A01034 | 7.27% |
| 2 | TREPS - Tri-party Repo | 6.43% |
| 3 | Reliance Industries Ltd. INE002A01018 | 6.10% |
| 4 | ICICI Bank Ltd. INE090A01021 | 4.03% |
| 5 | NTPC Limited INE733E01010 | 3.81% |
| 6 | Titan Company Ltd. INE280A01028 | 3.68% |
| 7 | Larsen and Toubro Ltd. INE018A01030 | 3.64% |
| 8 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 3.59% |
| 9 | 7.18% GOI MAT 140833 IN0020230085 | 2.32% |
| 10 | Maruti Suzuki India Limited INE585B01010 | 2.10% |
| 11 | Bharti Airtel Ltd. INE397D01024 | 2.03% |
| 12 | 7.1% GOI MAT 180429 IN0020220011 | 1.96% |
| 13 | State Bank of India INE062A01020 | 1.87% |
| 14 | Adani Ports & Special Economic Zone INE742F01042 | 1.79% |
| 15 | Bajaj Finance Ltd. INE296A01032 | 1.67% |
| 16 | Axis Bank Ltd. INE238A01034 | 1.55% |
| 17 | Kotak Mahindra Bank Limited INE237A01036 | 1.55% |
| 18 | Muthoot Finance Ltd.^ INE414G07JQ6 | 1.31% |
| 19 | Hindalco Industries Ltd. INE038A01020 | 1.25% |
| 20 | State Bank of India (Tier 2 - Basel III)^ INE062A08454 | 1.21% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does HDFC Equity Savings Fund hold?
HDFC Equity Savings Fund holds 115 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 24.89% of NAV.
What is the largest holding in HDFC Equity Savings Fund?
The largest position in HDFC Equity Savings Fund is HDFC Bank Ltd.£, accounting for 7.27% of NAV in the Banks sector.
Is HDFC Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.564, HDFC Equity Savings Fund is moderately concentrated. The HHI concentration index is 22,115 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 24.89% of the portfolio.
What is the market cap allocation of HDFC Equity Savings Fund?
Based on SEBI's AMFI classification, HDFC Equity Savings Fund's equity portfolio is split as: Large Cap: 58.73%, Mid Cap: 2.29%, Small Cap: 3.89%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does HDFC Equity Savings Fund invest in most?
HDFC Equity Savings Fund has the highest allocation to Banks (16.27%), Sovereign (8.53%), CRISIL - AAA (8.43%). The fund is invested across 40 sectors in total.
How actively managed is HDFC Equity Savings Fund compared to other Equity Savings funds?
HDFC Equity Savings Fund has an Active Share of 53.60%, classifying it as "Active Stock Picker" among 23 Equity Savings peers. This indicates a moderate level of differentiation from category peers.
What changed in HDFC Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, HDFC Equity Savings Fund added 2 new stocks (including Kwality Wall’s (India) Limited) and exited 1 stock (including Wipro Ltd.). Total holding count increased from 116 to 117 stocks.