HDFC Mutual Fund Increases Exposure to RIL, Cuts Stake in Paytm in October

HDFC Mutual Fund made wide portfolio changes in October. It increased its stake in 201 stocks and reduced its holding in 379 stocks, according to Prime Database. By the end of the month, the fund house managed 136 schemes with total assets of ₹9.35 lakh crore. 

Increases in Key Companies 

The fund added more shares of Reliance Industries, Eternal, HDFC Bank, ICICI Bank, ITC, SBI, Havells India, Titan, Divi’s Laboratories, Jio Financial Services, Hyundai Motor India, Mahindra & Mahindra, Eicher Motor, Trent, HAL, BSE, Mankind Pharma and Suzlon Energy. These additions spanned banking, consumer goods, automobiles and energy-linked firms. 

Reductions Across Several Sectors 

Holdings were cut in a large group of companies, including Paytm, Ola Electric Mobility, Maruti Suzuki, Coal India, TCS, HUL, Bharti Airtel, HCL Technologies, Tata Steel, RBL Bank, REC, IREDA, CAMS, Bosch, Adani Enterprises and Adani Ports & SEZ. 
The reductions extended across technology, consumer, industrial, and financial stocks. 

New Entries and Full Exits 

The fund added 11 new stocks to its portfolio in October. These were Tata Motors, Canara HSBC Life Insurance, WeWork India Management, LG Electronics India, Tata Capital, Lenskart Solutions, Thyrocare Technologies, Rubicon Research, Studds Accessories, Shilpa Medicare and Huhtamaki India. 
There were three complete exits: 62.71 lakh shares of Hindustan Construction, 5.07 lakh shares of Advanced Enzyme Technologies, and 26,026 shares of Ador Welding were sold. 

Unique Holdings 

The fund also held 11 stocks not commonly seen in other portfolios. These included AG Ventures, AGS Transact Technologies, BEML Land Assets, Diffusion Engineers, MEP Infrastructure Developers, OCCL, Popular Vehicles & Services, Premier Explosives, Ramco Systems, Sadbhav Infrastructure Project and TV Today Network. 

Sector Allocation 

Industry-wise, the fund had 33.35% in financial services, 17.58% in consumer discretionary, 9.35% in healthcare, 8.57% in industrials and 6.85% in IT. Smaller portions were placed across commodities, energy, FMCG, telecom, services, utilities and diversified holdings. 

Read More: Bandhan Mutual Fund Raises UPI Investment Limit to ₹5 Lakh for Mutual Fund Transactions! 

Conclusion 

The month showed broad adjustments across companies and sectors, with new stocks added, selective exits and shifts in overall allocation. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal 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 the related documents carefully before investing.