LoadingMutual fund
HSBC Mutual Fund · Equity
1 holding left out of the change counts because a corporate action blocks a quantity comparison.
Fund Quality
Strengths: Long-term returns ahead of most category peers; Beat the category median in most rolling years.
Weaknesses: More concentrated than most category peers.
Provisional: some supporting dimensions have no usable data yet, so this rating rests mainly on returns, consistency and downside protection.
Reducing Financial Services exposure.
Sector allocation, Feb 2026 → Aug 2026
Added
Largest addition
Shadowfax Technologies Limited
shares +90.1% · Services
+₹125 cr
New position
Dhoot Transmission Limited
0.8% of the portfolio
+₹139 cr
Reduced
Exited
Federal Bank Ltd.
was 4.9% of the portfolio
−₹765 cr
Upgrade the plan to view this stock.Shadowfax Technologies LimitedSHADOWFAX
ServicesUpgrade the plan to view this stock.Avalon Technologies LimitedAVALON
Capital GoodsUpgrade the plan to view this stock.Thyrocare Technologies LimitedTHYROCARE
HealthcareThese holdings stay out of the change counts. A merger, demerger, or a corporate action without a usable ratio means the share change cannot be read as a buy or sell.
Upgrade the plan to view this stock.TD Power Systems LimitedTDPOWERSYS
Capital GoodsStocks this fund has persistently increased or reduced across its recent disclosures.
See where this fund has shifted portfolio exposure and which holdings drove those changes.
Disclosed holdings for August 2026. Change columns use share quantities, with earlier quantities adjusted when a corporate action has a usable ratio.
Upgrade the plan to view this stock.Thyrocare Technologies LimitedTHYROCARE | Healthcare | +₹89.1 cr+29.5% shares | 5.66M | 2.0% | +₹342 cr | Increased |
Upgrade the plan to view this stock.Shadowfax Technologies LimitedSHADOWFAX | Services | +₹125 cr+90.1% shares | 9.55M | 1.4% | +₹247 cr | Increased |
Upgrade the plan to view this stock.Avalon Technologies LimitedAVALON | Capital Goods | +₹91.6 cr+26.6% shares | 969.22K | 1.3% | +₹230 cr | Increased |
Upgrade the plan to view this stock.TD Power Systems LimitedTDPOWERSYS | Capital Goods | —— | 2.70M | 1.2% | +₹210 cr | Not comparable |
Upgrade the plan to view this stock.Atlanta Electricals LimitedATLANTAELE | Capital Goods | +₹26.4 cr0.0% shares | 904.57K | 1.0% | +₹166 cr | Unchanged |
Upgrade the plan to view this stock.Dhoot Transmission LimitedDHOOTTRANS | Automobile and Auto Components | +₹139 cr— | 943.98K | 0.8% | +₹139 cr | New |
Upgrade the plan to view this stock.Safari Industries (India) LimitedSAFARI | Consumer Services | −₹68.4 L0.0% shares | 140.72K | 0.1% | +₹21.3 cr | Unchanged |
Upgrade the plan to view this stock.BOSCH HOME COMFORT INDIA LIMITEDBOSCH-HCIL | Consumer Durables | +₹2.9 cr0.0% shares | 83.73K | 0.1% | +₹14.5 cr | Unchanged |
Abbott India Ltd.ABBOTINDIA | Healthcare | −₹31.4 L−100.0% shares | 0 | — | ₹0 | Exited |
Aditya Birla Capital Ltd.ABCAPITAL | Financial Services | −₹296 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Aditya Infotech Ltd.CPPLUS | Capital Goods | −₹455 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Anthem Biosciences Ltd.ANTHEM | Healthcare | −₹1.4 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Ashok Leyland Ltd.ASHOKLEY | Capital Goods | −₹193 cr−100.0% shares | 0 | — | ₹0 | Exited |
Ather Energy Ltd.ATHERENERG | Automobile and Auto Components | −₹314 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.AU Small Finance Bank Ltd.AUBANK | Financial Services | −₹295 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Bharat Forge Ltd.BHARATFORG | Automobile and Auto Components | −₹502 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Bharti Hexacom Ltd.BHARTIHEXA | Telecommunication | −₹2.0 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Biocon Ltd.BIOCON | Healthcare | −₹87.7 L−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.City Union Bank Ltd.CUB | Financial Services | −₹254 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Cochin Shipyard Ltd.COCHINSHIP | Capital Goods | −₹292 cr−100.0% shares | 0 | — | ₹0 | Exited |
Coforge Ltd.COFORGE | Information Technology | −₹196 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.CreditAccess Grameen Ltd.CREDITACC | Financial Services | −₹61.5 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.CRISIL Ltd.CRISIL | Financial Services | −₹7.2 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Data Patterns (India) Ltd.DATAPATTNS | Capital Goods | −₹287 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Dixon Technologies (India) Ltd.DIXON | Consumer Durables | −₹3.7 cr−100.0% shares | 0 | — | ₹0 | Exited |
Eternal Ltd.ETERNAL | Consumer Services | −₹78.9 L−100.0% shares | 0 | — | ₹0 | Exited |
Federal Bank Ltd.FEDERALBNK | Financial Services | −₹765 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.FSN E-Commerce Ventures Ltd.NYKAA | Consumer Services | −₹630 cr−100.0% shares | 0 | — | ₹0 | Exited |
Gabriel India Ltd.GABRIEL | Automobile and Auto Components | −₹20.9 L−100.0% shares | 0 | — | ₹0 | Exited |
| Capital Goods | −₹535 cr−100.0% shares | 0 | — | ₹0 | Exited | |
Upgrade the plan to view this stock.Godfrey Phillips India Ltd.GODFRYPHLP | Fast Moving Consumer Goods | −₹236 cr−100.0% shares | 0 | — | ₹0 | Exited |
Hindalco Industries Ltd.HINDALCO | Metals & Mining | −₹14.6 cr−100.0% shares | 0 | — | ₹0 | Exited |
Hitachi Energy India Ltd.POWERINDIA | Capital Goods | −₹359 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.IDFC First Bank Ltd.IDFCFIRSTB | Financial Services | −₹5.9 cr−100.0% shares | 0 | — | ₹0 | Exited |
Indian BankINDIANB | Financial Services | −₹252 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.IndusInd Bank Ltd.INDUSINDBK | Financial Services | −₹219 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Ipca Laboratories Ltd.IPCALAB | Healthcare | −₹267 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.J.K. Cement Ltd.JKCEMENT | Construction Materials | −₹3.8 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.JSW Energy Ltd.JSWENERGY | Power | −₹390 cr−100.0% shares | 0 | — | ₹0 | Exited |
JSW Steel Ltd.JSWSTEEL | Metals & Mining | −₹43.9 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.KEI Industries Ltd.KEI | Capital Goods | −₹169 cr−100.0% shares | 0 | — | ₹0 | Exited |
Kfin Technologies Ltd.KFINTECH | Financial Services | −₹108 cr−100.0% shares | 0 | — | ₹0 | Exited |
Lenskart Solutions Ltd.LENSKART | Consumer Services | −₹643 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Lupin Ltd.LUPIN | Healthcare | −₹222 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Mankind Pharma Ltd.MANKIND | Healthcare | −₹369 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Max Financial Services Ltd.MFSL | Financial Services | −₹4.8 cr−100.0% shares | 0 | — | ₹0 | Exited |
Max Healthcare Institute Ltd.MAXHEALTH | Healthcare | −₹1.1 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Mazagoan Dock Shipbuilders Ltd.MAZDOCK | Capital Goods | −₹3.9 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Meesho Ltd.MEESHO | Consumer Services | −₹520 cr−100.0% shares | 0 | — | ₹0 | Exited |
Muthoot Finance Ltd.MUTHOOTFIN | Financial Services | −₹4.9 cr−100.0% shares | 0 | — | ₹0 | Exited |
National Aluminium Co. Ltd.NATIONALUM | Metals & Mining | −₹6.7 L−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Navin Fluorine International Ltd.NAVINFLUOR | Chemicals | −₹169 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Netweb Technologies India Ltd.NETWEB | Information Technology | −₹316 cr−100.0% shares | 0 | — | ₹0 | Exited |
NTPC Green Energy Ltd.NTPCGREEN | Power | −₹6.4 L−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.PB Fintech Ltd.POLICYBZR | Financial Services | −₹568 cr−100.0% shares | 0 | — | ₹0 | Exited |
Polycab India Ltd.POLYCAB | Capital Goods | −₹171 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Prestige Estates Projects Ltd.PRESTIGE | Realty | −₹295 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Radico Khaitan LtdRADICO | Fast Moving Consumer Goods | −₹386 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Sundaram Finance Ltd.SUNDARMFIN | Financial Services | −₹1.4 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Swiggy Ltd.SWIGGY | Consumer Services | −₹2.8 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Syngene International Ltd.SYNGENE | Healthcare | −₹187 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Thermax Ltd.THERMAX | Capital Goods | −₹356 cr−100.0% shares | 0 | — | ₹0 | Exited |
TVS Motor Company Ltd.TVSMOTOR | Automobile and Auto Components | −₹91.1 cr−100.0% shares | 0 | — | ₹0 | Exited |
Zydus Lifesciences Ltd.ZYDUSLIFE | Healthcare | −₹184 cr−100.0% shares | 0 | — | ₹0 | Exited |
Allocation change, Feb 2026 → Aug 2026, the same range as Capital Rotation.
See where this fund has shifted portfolio exposure and which holdings drove those changes.
Over the last 6 months, the fund's largest allocation increase was in Services (+0.4 pp), while Financial Services saw the largest allocation reduction (−35.3 pp).
Sectors with the largest changes in portfolio allocation over the selected period.
Automobile and Auto Components −2.4 pp · Consumer Durables −2.4 pp · Healthcare −2.2 pp · Telecommunication −1.9 pp · Metals & Mining −1.4 pp · Construction Materials −0.5 pp
Stable: Power −0.0 pp
See which holdings gained or lost exposure within the selected sector.
Within Financial Services, Federal Bank Ltd. (exit) and PB Fintech Ltd. (exit) were the largest position reductions.
Ribbon width is the notional size of each disclosed share change: shares added or removed, valued at the Aug 2026 reference price. Ribbons join each holding to the sector, not to other holdings; disclosures do not show which sale funded which purchase. 11 smaller reductions not drawn.
Allocation change is the percentage-point change in each sector's share of the disclosed portfolio, and can move with prices as well as trades. Position changes compare corporate-action adjusted share quantities at the two disclosures; a change under 0.5% of the existing holding counts as unchanged. Holdings without a sector classification are grouped as Unclassified.
Stocks this fund has persistently increased or reduced across its recent disclosures.
9 holdings show persistent accumulation8 show persistent reduction75 are mixed or stableAug 2025 – Aug 2026 · 12 comparable transitions
Federal Bank Ltd.FEDERALBNK
Financial ServicesIncreased in 5 of 9 comparable transitions
Entered Oct 2025Exited Aug 2026
Piramal Finance Ltd.PIRAMALFIN
Financial ServicesIncreased in 4 of 6 comparable transitions
Entered Nov 2025Exited Jun 2026
BSE Ltd.BSE
Financial ServicesIncreased in 4 of 7 comparable transitions
4 consecutive increasesEntered Oct 2025Exited Jun 2026
Increased in 4 of 8 comparable transitions
3 consecutive increasesEntered Oct 2025Exited Jul 2026
Upgrade the plan to view this stock.JSW Energy Ltd.JSWENERGY
PowerIncreased in 3 of 3 comparable transitions
3 consecutive increasesEntered Apr 2026Exited Aug 2026
CG Power and Industrial Solutions Ltd.CGPOWER
Capital GoodsReduced in 5 of 7 comparable transitions
5 consecutive reductionsEntered Oct 2025Exited Jun 2026
Upgrade the plan to view this stock.Bharti Hexacom Ltd.BHARTIHEXA
TelecommunicationReduced in 5 of 9 comparable transitions
4 consecutive reductionsEntered Oct 2025Exited Aug 2026
Aditya Birla Capital Ltd.ABCAPITAL
Financial ServicesReduced in 5 of 9 comparable transitions
3 consecutive reductionsEntered Oct 2025Exited Aug 2026
Persistent Systems Ltd.PERSISTENT
Information TechnologyReduced in 4 of 7 comparable transitions
3 consecutive reductionsEntered Oct 2025Exited Jun 2026
Bharat Heavy Electricals Ltd.BHEL
Capital GoodsReduced in 4 of 8 comparable transitions
3 consecutive reductionsEntered Oct 2025Exited Jul 2026
Conviction signal based on persistent disclosed position changes. Bars show each stock's disclosed share quantity scaled to its own first holding in the range (not portfolio weight), adjusted for splits and bonuses. A move under 0.5% of the existing holding counts as stable.