Funds/Large Cap Fund/HDFC Large Cap Fund

HDFC Large Cap Fund

HDFC Mutual Fund·Large Cap Fund·vs Nifty 100 TRI

HDFC Large Cap Fund maintains a distinctly bank-heavy portfolio with nearly 30% exposure to financials, positioning it to benefit from credit cycle strength and interest rate dynamics. The fund has streamlined its pharma holdings by exiting Sun Pharma, signaling selective conviction rather than broad sector participation. With over half the fund concentrated in its top 10 holdings, the manager is making a high-conviction bet on India's banking and consumption champions, accepting concentration risk for potential outperformance in a growth-favoring market environment.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹1069.1110	-1.82%	-8.42%	-8.67%	-4.24%	+11.33%	+12.84%

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

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

33.97%

Top 10 Weight

51.72%

Active Share

—

Large Cap

77.31%

Gini

0.455

What Changed2026-03-31 → 2026-04-30

Holdings: 48 → 47+0 added−1 removed20 weight shifts ≥ 0.1%

Stock	Sector	Weight
No new entries this month

Full Holdings

#	Holding	Sector	Class	% to NAV
1	ICICI Bank Ltd. INE090A01021	Banks	EQUITY	9.15%
2	HDFC Bank Ltd.£ INE040A01034	Banks	EQUITY	7.84%
3	Bharti Airtel Ltd. INE397D01024	Telecom - Services	EQUITY	5.90%
4	Reliance Industries Ltd. INE002A01018	Petroleum Products	EQUITY	5.61%
5	Kotak Mahindra Bank Limited INE237A01036	Banks	EQUITY	5.47%
6	Titan Company Ltd. INE280A01028	Consumer Durables	EQUITY	4.74%
7	Axis Bank Ltd. INE238A01034	Banks	EQUITY	3.56%
8	Torrent Pharmaceuticals Ltd. INE685A01028	Pharmaceuticals & Biotechnology	EQUITY	3.49%
9	Infosys Limited INE009A01021	IT - Software	EQUITY	3.01%
10	Bajaj Auto Limited INE917I01010	Automobiles	EQUITY	2.95%
11	Lupin Ltd. INE326A01037	Pharmaceuticals & Biotechnology	EQUITY	2.79%
12	Bajaj Finserv Ltd. INE918I01026	Finance	EQUITY	2.73%
13	Ambuja Cements Ltd. INE079A01024	Cement & Cement Products	EQUITY	2.60%
14	TREPS - Tri-party Repo		CASH_EQUIVALENT	2.53%
15	State Bank of India INE062A01020	Banks	EQUITY	2.43%
16	NTPC Limited INE733E01010	Power	EQUITY	2.34%
17	Cholamandalam Investment & Finance Co. Ltd. INE121A01024	Finance	EQUITY	2.15%
18	Eternal Limited INE758T01015	Retailing	EQUITY	1.96%
19	Tata Motors Limited INE1TAE01010	Agricultural, Commercial & Construction Vehicles	EQUITY	1.84%
20	Max Healthcare Institute Limited INE027H01010	Healthcare Services	EQUITY	1.72%

Sector Allocation

Banks29.9%

Pharmaceuticals & Biotechnology7.9%

Automobiles7.3%

Consumer Durables6.2%

Telecom - Services5.9%

Petroleum Products5.6%

Finance5.4%

Retailing4.6%

IT - Software3.0%

Cement & Cement Products2.6%

Top 10 sectors by % to NAV. Excludes derivatives.