HDFC Large and Mid Cap Fund
The fund maintains a defensive positioning with heavy banking sector overweight at nearly 17 percent of assets, signaling comfort in financial stocks amid economic uncertainty. The recent addition of two smaller-cap names alongside the core large-cap anchors suggests the manager is selectively hunting for growth opportunities without abandoning the safety-first stance that defines this large and mid-cap mandate. Minimal cash holdings and broad diversification across 239 stocks indicate conviction in equity markets overall, though the concentration in banking reflects near-term caution over cyclical exposure.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹331.8010 | -0.11% | +0.13% | +17.09% | +17.21% |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive 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% |
| LATENT VIEW ANALYTICS LIMITED | 0.01% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd.£ INE040A01034 | 4.01% |
| 2 | ICICI Bank Ltd. INE090A01021 | 3.09% |
| 3 | Bharti Airtel Ltd. INE397D01024 | 1.94% |
| 4 | Axis Bank Ltd. INE238A01034 | 1.91% |
| 5 | State Bank of India INE062A01020 | 1.59% |
| 6 | Fortis Healthcare Limited INE061F01013 | 1.55% |
| 7 | Max Financial Services Ltd. INE180A01020 | 1.46% |
| 8 | TREPS - Tri-party Repo | 1.42% |
| 9 | Prestige Estates Projects Ltd. INE811K01011 | 1.42% |
| 10 | Maruti Suzuki India Limited INE585B01010 | 1.38% |
| 11 | Infosys Limited INE009A01021 | 1.35% |
| 12 | MphasiS Limited. INE356A01018 | 1.24% |
| 13 | Indusind Bank Ltd. INE095A01012 | 1.22% |
| 14 | Lupin Ltd. INE326A01037 | 1.14% |
| 15 | Kotak Mahindra Bank Limited INE237A01036 | 1.14% |
| 16 | Mahindra & Mahindra Financial Services Ltd. INE774D01024 | 1.08% |
| 17 | Shriram Finance Ltd. INE721A01047 | 1.07% |
| 18 | Aurobindo Pharma Ltd. INE406A01037 | 1.07% |
| 19 | Larsen and Toubro Ltd. INE018A01030 | 1.04% |
| 20 | Reliance Industries Ltd. INE002A01018 | 0.98% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does HDFC Large and Mid Cap Fund hold?
HDFC Large and Mid Cap Fund holds 237 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 12.54% of NAV.
What is the largest holding in HDFC Large and Mid Cap Fund?
The largest position in HDFC Large and Mid Cap Fund is HDFC Bank Ltd.£, accounting for 4.01% of NAV in the Banks sector.
Is HDFC Large and Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.513, HDFC Large and Mid Cap Fund is moderately concentrated. The HHI concentration index is 9,305 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 12.54% of the portfolio.
What is the market cap allocation of HDFC Large and Mid Cap Fund?
Based on SEBI's AMFI classification, HDFC Large and Mid Cap Fund's equity portfolio is split as: Large Cap: 43.40%, Mid Cap: 37.13%, Small Cap: 16.30%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does HDFC Large and Mid Cap Fund invest in most?
HDFC Large and Mid Cap Fund has the highest allocation to Banks (16.92%), Pharmaceuticals & Biotechnology (9.80%), Finance (8.01%). The fund is invested across 44 sectors in total.
How actively managed is HDFC Large and Mid Cap Fund compared to other Large & Mid Cap Fund funds?
HDFC Large and Mid Cap Fund has an Active Share of 43.09%, classifying it as "Balanced Approach" among 33 Large & Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in HDFC Large and Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, HDFC Large and Mid Cap Fund added 2 new stocks (including Kwality Wall’s (India) Limited). Total holding count increased from 237 to 239 stocks.