Mutual fund · Large & Mid Cap
HDFC Large & Mid Cap Fund
₹28,543 cr across 236 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 Large & Mid Cap fund's +1%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| HDFC Large & Mid Cap Fund | −3% | −2% | +11% | +12% |
| Median Large & Mid Cap fund | −3% | +1% | +11% | +10% |
+38%Q3 FY24+50%Q4 FY24+47%Q1 FY25+45%Q2 FY25+19%Q3 FY25+8%Q4 FY25+6%Q1 FY26−5%Q2 FY26+6%Q3 FY26−3%Q4 FY26−1%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.
| Stock | 12 months | Latest month |
|---|---|---|
| Gland Pharma Ltd. | +0.5 pp | +0.0 pp |
| Aurobindo Pharma Ltd. | +0.5 pp | −0.0 pp |
| Shriram Finance Ltd. | +0.5 pp | −0.1 pp |
| Avalon Technologies Limited | +0.5 pp | −0.0 pp |
| Adani Energy Solutions Limited | +0.4 pp | −0.1 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| HDFC Bank Ltd. | −1.2 pp | −0.0 pp |
| Infosys Limited | −0.5 pp | −0.1 pp |
| Trent Ltd. | −0.4 pp | −0.0 pp |
| KAYNES TECHNOLOGY INDIA LIMITED | −0.3 pp | −0.0 pp |
| MphasiS Limited. | −0.3 pp | −0.1 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| ICICI Bank | Financial Services | 3.66% | ₹1,044 cr | 46 mo | +32% |
| HDFC Bank | Financial Services | 3.64% | ₹1,039 cr | 46 mo | -11% |
| Axis Bank | Financial Services | 1.95% | ₹558 cr | 46 mo | +15% |
| Bharti Airtel Limited | Telecommunication | 1.79% | ₹511 cr | 46 mo | +44% |
| Gland Pharma Limited | Healthcare | 1.42% | ₹406 cr | 45 mo | +117% |
| Reliance Industries Limited | Oil, Gas & Consumable Fuels | 1.42% | ₹407 cr | 46 mo | -8% |
| State Bank of India | Financial Services | 1.42% | ₹404 cr | 46 mo | +56% |
| Prestige Estates Projects Limited | Realty | 1.30% | ₹370 cr | 46 mo | +43% |
| Fortis Healthcare Limited | Healthcare | 1.28% | ₹364 cr | 31 mo | +64% |
| Aurobindo Pharma Limited | Healthcare | 1.27% | ₹361 cr | 46 mo | +91% |
| Max Financial Services Limited | Financial Services | 1.25% | ₹357 cr | 46 mo | +58% |
| Kotak Mahindra Bank Limited | Financial Services | 1.23% | ₹351 cr | 35 mo | +22% |
| Maruti Suzuki India Limited | Automobile and Auto Components | 1.23% | ₹351 cr | 46 mo | +14% |
| IndusInd Bank Limited | Financial Services | 1.19% | ₹340 cr | 46 mo | -38% |
| Eternal Ltd | Consumer Services | 1.16% | ₹331 cr | 46 mo | +22% |
How this fund actually behaves
Computed from every filed monthly portfolio (46 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 18 mo (14–25) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (14 exits) | 71% · payoff 20.9× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Averages down |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 51× · 51% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices | 120.4× P/E · 6.0× P/B · 2% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 236 positions | 19 in · 3 out |
| Concentration | Top 10 holdings' share; effective number of positions | 19% · ~104 effective |