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Mutual fund · Sectoral / Thematic

HDFC Banking & Financial Services Fund

₹4,425 cr across 36 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.

Returns, against the category

Q2 FY27: +2% over 1 year against the median Sectoral / Thematic fund's +2%.

OverQuarter1 year3 years (ann.)5 years (ann.)
HDFC Banking & Financial Services Fund−5%+2%+10%+10%
Median Sectoral / Thematic fund−2%+2%+12%+11%

1-year return at each quarter-end since Q3 FY24:

+21%Q3 FY24+27%Q4 FY24+25%Q1 FY25+27%Q2 FY25+10%Q3 FY25+11%Q4 FY25+12%Q1 FY26+2%Q2 FY26+17%Q3 FY260%Q4 FY26+2%Q1 FY27+2%Q2 FY27

What moved the fund, last 12 filed months

Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.

Helped

Stock12 monthsLatest month
Shriram Finance Ltd.+1.7 pp−0.5 pp
Au Small Finance Bank Ltd.+1.5 pp−0.2 pp
Axis Bank Ltd.+1.4 pp−0.4 pp
State Bank of India+1.2 pp−0.6 pp
Kotak Mahindra Bank Limited+1.1 pp−0.0 pp

Hurt

Stock12 monthsLatest month
HDFC Bank Ltd.−4.4 pp−0.0 pp
ICICI Bank Ltd.−0.7 pp−1.3 pp
PB Fintech Limited−0.4 pp−0.5 pp
ICICI Lombard General Insurance Co−0.3 pp+0.0 pp
Medi Assist Healthcare Services Limited−0.3 pp0.0 pp

Holdings, as filed for 2026-09-30

HoldingSector% of fundValueHeld forVs avg cost
ICICI BankFinancial Services13.85%₹613 cr46 mo+45%
HDFC BankFinancial Services12.89%₹571 cr46 mo-14%
Kotak Mahindra Bank LimitedFinancial Services8.61%₹381 cr33 mo+7%
Axis BankFinancial Services7.76%₹343 cr46 mo+23%
State Bank of IndiaFinancial Services6.07%₹269 cr46 mo+56%
Shriram Finance LimitedFinancial Services4.22%₹187 cr46 mo+83%
Bajaj Finance LimitedFinancial Services3.96%₹175 cr46 mo+23%
SBI Life Insurance Company LimitedFinancial Services3.72%₹165 cr46 mo+17%
Five-Star Business Finance LimitedFinancial Services2.67%₹118 cr46 mo-15%
AU Small Finance Bank LimitedFinancial Services2.40%₹106 cr46 mo+63%
Karur Vysya Bank LimitedFinancial Services1.91%₹84 cr46 mo+176%
ICICI Lombard General Insurance Company LimitedFinancial Services1.89%₹83 cr46 mo+5%
Home First Finance Company India LimitedFinancial Services1.71%₹76 cr22 mo-1%
Angel OneFinancial Services1.67%₹74 cr8 mo+18%
Billionbrains Garage Ventures LimitedFinancial Services1.66%₹74 cr11 mo+16%

Top 15 of 36 equity positions. "Vs avg cost" estimates the fund's gain on the position from its filing history.

How this fund actually behaves

Computed from every filed monthly portfolio (46 months of filings) by the research pipeline.

Holding patienceMedian months a position is held (25th–75th band)7 mo (3–17)
Win rate on exitsClosed positions sold above entry, and the payoff ratio (43 exits)53% · payoff 4.6×
Loser handlingCuts losers vs averages down, from 12 months of filingsMixed
Entry valuation disciplineMedian P/E paid on entries over 36 months; share above 50×31× · 36% over 50×
Portfolio valuation todayWeighted P/E and P/B of the current book at filed prices98.2× P/E · 3.8× P/B
ChurnStocks entered and exited in 12 months, of 36 positions23 in · 15 out
ConcentrationTop 10 holdings' share; effective number of positions66% · ~15 effective