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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹195.7820 | +1.37% | -3.17% | -3.70% | +6.30% | +22.69% | +21.03% |
Portfolio Metrics(latest month)
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.