HDFC Mutual Fund's Top 10 Stock Holdings Include HDFC Bank and Infosys in March 2026

In March 2026, HDFC Mutual Fund reported a decline in its Assets Under Management (AUM), falling to ₹8.73 lakh crore from ₹9.73 lakh crore in February, as per Motilal Oswal Financial Services report.  

Despite this reduction, HDFC Bank and Infosys have maintained their positions among the fund's top 10 stock holdings. 

Key Stock Holdings of HDFC Mutual Fund 

The mutual fund's notable stock holdings include prominent banking entities like ICICI Bank, HDFC Bank, and Axis Bank, holding weights of 5.8%, 5.6%, and 3.4% respectively.  

In the non-banking sector, Reliance Industries Limited (RIL) had an allocation of 3.1%, marking a 0.5 percentage point increase following the acquisition of 1.28 crore shares. 

Significant Positions in Other Major Companies 

The mutual fund's portfolio also includes State Bank of India (SBI) and Bharti Airtel, weighing 3% and 2.9% respectively.  

The weight of SBI declined by 0.3 percentage points, while Bharti Airtel saw a modest increase by 0.2 percentage points.  

Kotak Mahindra Bank saw a slight dip in weightage, standing at 2.3% with a 0.1 percentage point decline. 

Read More: Mutual Funds Invest ₹1,878 Crore Across IPOs in March; Sedemac Leads Inflows! 

Additional Stock Allocations: L&T, Infosys, and Maruti Suzuki 

Larsen & Toubro (L&T) registered a decline in allocation to 1.9%, with a 0.1 percentage point drop.  

Infosys shared a 1.8% allocation, reflecting a 0.1 percentage point increase from the prior month.  

Meanwhile, Maruti Suzuki recorded a similar allocation of 1.8% with a weight reduction of 0.1 percentage points month-on-month. 

Conclusion 

The March holdings of HDFC Mutual Fund highlight strategic engagements with leading banking and non-banking corporations. The allocation adjustments in companies like Reliance Industries and Infosys demonstrate the fund’s active reshaping of its portfolio. 

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.