HDFC Flexi Cap Fund Adds Eternal, Cuts Stake in Swiggy in December 2025

HDFC Flexi Cap Fund, the second-largest flexi cap scheme by assets under management, made selective changes to its portfolio in December. The fund introduced Eternal as a new stock while reducing exposure to Swiggy and three other companies during the month.

Addition of Eternal to the Portfolio

The ₹96,000 crore fund purchased 1.22 crore shares of Eternal in December, taking the total value of its holding in the company to ₹340 crore as of December 31, 2025. The inclusion indicates fresh conviction in the stock as part of the fund’s long-term strategy.

Reduction in Select Internet and Media Stocks

During the month, the fund trimmed its stake in four companies. It sold around 13.55 lakh shares of Swiggy, bringing the holding down to 91.44 lakh shares. The fund also offloaded about 72.04 lakh shares of Zee Entertainment Enterprises, 40 lakh shares of FSN E-Commerce Ventures and 31,637 shares of Ramco Systems, reflecting profit booking and rebalancing.

Increased Exposure to Infosys

On the positive side, the fund raised its allocation to Infosys by adding 16.71 lakh shares, taking the total holding to 1.06 crore shares in December. Exposure to 45 other stocks remained unchanged from November, including major names such as Cipla, SBI, HDFC Bank, Kotak Mahindra Bank, JSW Steel, ONGC, Tata Steel, L&T, Eicher Motors, TCS and InterGlobe Aviation.

Portfolio Composition and Strategy

The number of stocks in the portfolio increased to 51 in December from 50 in the previous month with investments spread across 21 sectors. The scheme managed assets of ₹96,294 crore as of December 31, 2025, and is managed by Chirag Setalvad. 

Launched in January 1995, the fund aims to generate capital appreciation through investments predominantly in equities and is benchmarked to the NIFTY 500 TRI.

Sector and Market Cap Allocation

Banks remained the largest sector exposure at 34.74%, followed by automobiles at 9.99%. In terms of market capitalisation, the fund held 71.63% in large caps, 4.57% in mid caps and 8.25% in small caps, while 15.55% was in other instruments. Overall asset mix stood at 84.47% equity, 15.01% others and 0.54% debt.

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Conclusion

HDFC Flexi Cap Fund’s December activity reflects a balanced approach with selective additions such as Eternal and Infosys alongside profit booking in Swiggy, Zee and Nykaa. The portfolio continues to maintain a large-cap bias with strong exposure to banking, supporting stability while seeking long-term growth opportunities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.