Mutual fund · Multi Cap
HDFC Multi Cap Fund
₹19,490 cr across 119 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: −4% over 1 year against the median Multi Cap fund's +5%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| HDFC Multi Cap Fund | −4% | −4% | +9% | — |
| Median Multi Cap fund | −1% | +5% | +12% | +11% |
+40%Q3 FY24+49%Q4 FY24+48%Q1 FY25+46%Q2 FY25+21%Q3 FY25+7%Q4 FY25+4%Q1 FY26−7%Q2 FY26+2%Q3 FY26−4%Q4 FY26−3%Q1 FY27−4%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 |
|---|---|---|
| Sona Blw Precision Forgings | +0.6 pp | +0.0 pp |
| Apar Industries Limited | +0.6 pp | −0.0 pp |
| Shriram Finance Ltd. | +0.5 pp | −0.1 pp |
| Wheels India Ltd. | +0.5 pp | 0.0 pp |
| PNB Housing Finance Ltd. | +0.5 pp | −0.0 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. | −0.5 pp | 0.0 pp |
| Britannia Industries Ltd. | −0.4 pp | −0.2 pp |
| ITC LIMITED | −0.4 pp | 0.0 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| HDFC Bank | Financial Services | 3.93% | ₹765 cr | 46 mo | -15% |
| ICICI Bank | Financial Services | 3.66% | ₹714 cr | 46 mo | +29% |
| Axis Bank | Financial Services | 2.44% | ₹476 cr | 46 mo | +13% |
| Reliance Industries Limited | Oil, Gas & Consumable Fuels | 2.41% | ₹469 cr | 46 mo | -10% |
| Bharti Airtel Limited | Telecommunication | 2.13% | ₹415 cr | 46 mo | +36% |
| Eternal Ltd | Consumer Services | 2.13% | ₹416 cr | 26 mo | +21% |
| Britannia Industries Limited | Fast Moving Consumer Goods | 2.05% | ₹400 cr | 13 mo | -18% |
| Kotak Mahindra Bank Limited | Financial Services | 1.92% | ₹374 cr | 46 mo | +12% |
| State Bank of India | Financial Services | 1.77% | ₹345 cr | 46 mo | +16% |
| NTPC Limited | Power | 1.72% | ₹336 cr | 46 mo | +7% |
| ICICI Lombard General Insurance Company Limited | Financial Services | 1.45% | ₹282 cr | 15 mo | -16% |
| PNB Housing | Financial Services | 1.38% | ₹269 cr | 28 mo | +35% |
| M & M | Automobile and Auto Components | 1.32% | ₹258 cr | 35 mo | +7% |
| Sona BLW Precision Forgings Limited | Automobile and Auto Components | 1.26% | ₹246 cr | 46 mo | +86% |
| Alkem Lab | Healthcare | 1.19% | ₹232 cr | 46 mo | -0% |
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) | 32 mo (20–35) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (160 exits) | 61% · payoff 2.5× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Mixed |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 45× · 43% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices | 82.8× P/E · 6.6× P/B · 3% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 119 positions | 37 in · 111 out |
| Concentration | Top 10 holdings' share; effective number of positions | 24% · ~78 effective |