HDFC Multi-Asset Allocation Fund
The manager is maintaining a defensive equity posture with substantial gold and cash buffers, signaling caution about near-term volatility while staying meaningfully exposed to growth. The heavy concentration in banking and energy reflects conviction in established blue-chips, though the addition of Jubilant Foodworks alongside trimming of pharma suggests tactical rotation toward domestic consumption rather than structural repositioning. Recent repositioning in liquid instruments and reduced repo allocation indicate flexibility to deploy capital opportunistically rather than defensive repositioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹74.0100 | -0.76% | +5.27% | +12.81% | +12.05% |
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 |
|---|---|
| Jubilant Foodworks Limited | 0.49% |
| 6.48% GOI MAT 061035 | 0.16% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Gold Exchange Traded Fund INF179KC1981 | 11.15% |
| 2 | TREPS - Tri-party Repo | 7.53% |
| 3 | Reliance Industries Ltd. INE002A01018 | 5.75% |
| 4 | HDFC Bank Ltd.£ INE040A01034 | 4.39% |
| 5 | ICICI Bank Ltd. INE090A01021 | 4.37% |
| 6 | NTPC Limited INE733E01010 | 3.57% |
| 7 | Axis Bank Ltd. INE238A01034 | 2.37% |
| 8 | Bharti Airtel Ltd. INE397D01024 | 2.35% |
| 9 | Kotak Mahindra Bank Limited INE237A01036 | 2.34% |
| 10 | Maruti Suzuki India Limited INE585B01010 | 1.78% |
| 11 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 1.68% |
| 12 | Infosys Limited INE009A01021 | 1.51% |
| 13 | Tata Consultancy Services Ltd. INE467B01029 | 1.47% |
| 14 | Power Grid Corporation of India Ltd. INE752E01010 | 1.44% |
| 15 | Hindalco Industries Ltd. INE038A01020 | 1.37% |
| 16 | State Bank of India INE062A01020 | 1.36% |
| 17 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 1.27% |
| 18 | Muthoot Finance Ltd.^ INE414G07JQ6 | 1.27% |
| 19 | Larsen and Toubro Ltd. INE018A01030 | 1.23% |
| 20 | 7.18% GOI MAT 140833 IN0020230085 | 1.18% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does HDFC Multi-Asset Allocation Fund hold?
HDFC Multi-Asset Allocation Fund holds 119 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 29.23% of NAV.
What is the largest holding in HDFC Multi-Asset Allocation Fund?
The largest position in HDFC Multi-Asset Allocation Fund is HDFC Gold Exchange Traded Fund, accounting for 11.15% of NAV.
Is HDFC Multi-Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.586, HDFC Multi-Asset Allocation Fund is moderately concentrated. The HHI concentration index is 27,099 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 29.23% of the portfolio.
What is the market cap allocation of HDFC Multi-Asset Allocation Fund?
Based on SEBI's AMFI classification, HDFC Multi-Asset Allocation Fund's equity portfolio is split as: Large Cap: 52.51%, Mid Cap: 6.07%, Small Cap: 7.11%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does HDFC Multi-Asset Allocation Fund invest in most?
HDFC Multi-Asset Allocation Fund has the highest allocation to Banks (15.47%), Petroleum Products (6.26%), Power (5.27%). The fund is invested across 41 sectors in total.
How actively managed is HDFC Multi-Asset Allocation Fund compared to other Multi Asset Allocation funds?
HDFC Multi-Asset Allocation Fund has an Active Share of 58.39%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in HDFC Multi-Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, HDFC Multi-Asset Allocation Fund added 2 new stocks (including Jubilant Foodworks Limited) and exited 4 stocks (including Dr Reddys Laboratories Ltd.). Total holding count decreased from 123 to 121 stocks.