HDFC Mutual Fund Portfolio Update: Eternal, RIL and HDFC Bank Among Top 10 Holdings in April 2026

HDFC Mutual Fund, with an asset under management (AUM) of ₹9.57 lakh crore as of April 30, 2026, continues to strategically manage 139 funds, ranking its holdings effectively with major investments in key companies. 

Key Holdings of HDFC Mutual Fund 

As per the Motilal Oswal Financial Services report, in April 2026, HDFC Mutual Fund had key financial allocations demonstrating its strategic investment approach.  

The top banking stocks include ICICI Bank, HDFC Bank, and Axis Bank. The fund allocated 5.5% to ICICI Bank, with 25.97 lakh shares added, seeing a slight decline in weight by 0.2%. 

Concurrently, HDFC Bank held a 5.4% allocation with the addition of 17.50 lakh shares, similarly witnessing a 0.2% weight reduction.  

Meanwhile, 3.4% was allocated to Axis Bank, with the addition of 4.68 lakh shares, maintaining a stable weight. 

Investment in RIL and Other Major Companies 

HDFC Mutual Fund's allocation in Reliance Industries Limited (RIL) remained at 3.2%, an increase in weight by 0.1% following the addition of 80.02 lakh shares.  

Additionally, State Bank of India (SBI) and Bharti Airtel held respective allocations of 2.9% and 2.8%. While 11.02 lakh shares of SBI were sold, Bharti Airtel saw an addition of 20.47 lakh shares, both reflecting a decreased weight by 0.1%.  

Read More: Best Small Cap Mutual Funds for May 2026 Based on 5‑Year CAGR: Bandhan Small Cap Fund, Invesco India Smallcap Fund and More! 

Allocations in Kotak Mahindra Bank and L&T 

Allocations in Kotak Mahindra Bank and Larsen & Toubro (L&T) were 2.4% and 2%, respectively.  

An addition of 84.93 lakh shares in Kotak Mahindra Bank did not change its weight. Conversely, a weight increase of 0.1% was observed in L&T following the addition of 5.09 lakh shares. 

Maruti Suzuki’s allocation stood at 1.7%, witnessing a weight decline of 0.1%, while Eternal secured 1.6%, with 3.40 crore shares added, inducing a 0.1% increase in weight. 

Conclusion 

The configuration of HDFC Mutual Fund's portfolio in April 2026 reflects its adept management and strategic allocations in significant Indian corporations. The diverse exposure across sectors such as banking, telecom, manufacturing, and others underscores its approach to distributing risk while maximising potential returns. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.