HDFC Mid Cap Fund
The fund maintains a concentrated mid-cap play heavily tilted toward financial services and pharmaceuticals, sectors poised to benefit from credit growth and domestic consumption expansion. The modest 6.5% cash buffer and reduced TREPS position suggest the manager is deploying liquidity into equity convictions, signaling confidence in the current market environment. The portfolio's tighter focus—with top-10 holdings exceeding 38%—indicates selective conviction picks rather than broad diversification, a stance typical when managers see pockets of value in cyclical financials and healthcare.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹197.7450 | +0.27% | +6.01% | +22.72% | +21.27% |
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 | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS - Tri-party Repo | 6.61% |
| 2 | Max Financial Services Ltd. INE180A01020 | 4.37% |
| 3 | Au Small Finance Bank Ltd. INE949L01017 | 4.24% |
| 4 | The Federal Bank Ltd. INE171A01029 | 3.87% |
| 5 | Glenmark Pharmaceuticals Ltd. INE935A01035 | 3.41% |
| 6 | Indian Bank INE562A01011 | 3.31% |
| 7 | Balkrishna Industries Ltd. INE787D01026 | 3.25% |
| 8 | Fortis Healthcare Limited INE061F01013 | 3.16% |
| 9 | Vishal Mega Mart Limited INE01EA01019 | 2.92% |
| 10 | Ipca Laboratories Ltd. INE571A01038 | 2.92% |
| 11 | Cummins India Ltd. INE298A01020 | 2.50% |
| 12 | Marico Ltd. INE196A01026 | 2.48% |
| 13 | Hindustan Petroleum Corp. Ltd. INE094A01015 | 2.20% |
| 14 | Mahindra & Mahindra Financial Services Ltd. INE774D01024 | 2.05% |
| 15 | Coforge Limited INE591G01025 | 1.97% |
| 16 | Aurobindo Pharma Ltd. INE406A01037 | 1.96% |
| 17 | Jindal Steel Limited. INE749A01030 | 1.90% |
| 18 | Tata Communications Limited INE151A01013 | 1.86% |
| 19 | Apollo Tyres Ltd. INE438A01022 | 1.81% |
| 20 | Alkem Laboratories Ltd. INE540L01014 | 1.80% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does HDFC Mid Cap Fund hold?
HDFC Mid Cap Fund holds 77 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.20% of NAV.
What is the largest holding in HDFC Mid Cap Fund?
The largest position in HDFC Mid Cap Fund is TREPS - Tri-party Repo, accounting for 6.61% of NAV.
Is HDFC Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.460, HDFC Mid Cap Fund is moderately concentrated. The HHI concentration index is 19,812 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.20% of the portfolio.
What is the market cap allocation of HDFC Mid Cap Fund?
Based on SEBI's AMFI classification, HDFC Mid Cap Fund's equity portfolio is split as: Large Cap: 8.61%, Mid Cap: 65.07%, Small Cap: 19.78%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does HDFC Mid Cap Fund invest in most?
HDFC Mid Cap Fund has the highest allocation to Banks (16.12%), Pharmaceuticals & Biotechnology (11.26%), Auto Components (9.76%). The fund is invested across 30 sectors in total.
How actively managed is HDFC Mid Cap Fund compared to other Mid Cap Fund funds?
HDFC Mid Cap Fund has an Active Share of 64.84%, classifying it as "Active Stock Picker" among 30 Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in HDFC Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, HDFC Mid Cap Fund exited 1 stock (including ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED). Total holding count decreased from 80 to 79 stocks.