What stocks does HSBC Flexi Cap Fund hold?

HSBC Flexi Cap Fund holds a portfolio of Indian equity stocks disclosed monthly by HSBC Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages HSBC Flexi Cap Fund?

HSBC Flexi Cap Fund is managed by HSBC Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is HSBC Flexi Cap Fund?

HSBC Flexi Cap Fund is classified as a Flexi Cap mutual fund under SEBI's mutual fund categorisation framework.

How often is HSBC Flexi Cap Fund portfolio data updated?

Portfolio holdings for HSBC Flexi Cap Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← HSBC Mutual Fund

HSBC Flexi Cap Fund - Direct Growth

Flexi Cap Data as of Sep 2026 Comparing Aug 2026 → Sep 2026

Share: WhatsApp X

⌕

Stocks Held

Sep 2026

Equity Holdings

₹5,678.58 Cr

Equity only, excl. debt & cash

AAUM

₹5,213.24 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

13.0%

Diversified

Top 10 Weight

22.5%

Diversified

Changes

4 new · 3 exits

Top Sector

Banks

15.2% of portfolio

Launch Date

22 Jan 2004

10+ year track record

AAUM (Average Assets Under Management) of ₹5,213.24 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month HSBC Flexi Cap Fund made 4 new additions and exited 3 stocks this month. The biggest new buy was InterGlobe Aviation Limited (Transport Services) at 1.01% weight. Hindustan Unilever Limited was the biggest exit (Diversified FMCG), which was held at 1.06%. Among existing holdings, Kotak Mahindra Bank Limited saw the biggest increase — now at 2.22% of the portfolio. HDFC Bank Limited was trimmed the most, now at 1.79%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 15.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · HSBC Flexi Cap Fund - Direct Growth

-7.26%

-4.56%

-2.01%

-3.73%

Latest NAV

₹241.62

23 Oct 2026

52W High

₹268.92

-10% from High

52W Low

₹215.66

+12% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+2.2%

2024

+29.6%

2023

+32.8%

2022

-3.5%

2021

+35.5%

2020

+17.4%

2019

+7.3%

2018

-9.9%

2017

+41.3%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

16.4%

+ve in 79% windows

90.7% / -32.9%

3Y Rolling Avg

15.3% p.a.

+ve in 96% windows

34.1% / -8.3%

5Y Rolling Avg

16.2% p.a.

+ve in 100% windows

31.0% / 7.3%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-20.1%

Rec: Nov 2025 (1yr)

COVID-19 Crash

-38.5%

Rec: Nov 2020 (11 mo)

2022 Rate Hike

-22.3%

Rec: Jun 2023 (1yr 6mo)

2018 IL&FS

-17.8%

Rec: Nov 2020 (3yr)

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.40

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.55

Penalises downside volatility only.

Std Deviation (3Y)

15.8%

Lower = more consistent returns.

NAV Chart ₹241.62 23 Oct 2026

Simple Moving Avg: Click to draw · click again to remove

HSBC Flexi Cap Fund - Direct Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹241.62

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	15.0%	15.3%	▲ +0.3%
Finance	8.7%	9.0%	▲ +0.3%
IT - Software	7.3%	7.1%	▼ -0.2%
Electrical Equipment	5.6%	6.6%	▲ +1.0%
Capital Markets	5.0%	5.5%	▲ +0.4%
Pharmaceuticals & Biotechnology	4.8%	4.5%	▼ -0.3%
Automobiles	3.7%	3.6%	● -0.1%
Petroleum Products	3.6%	3.3%	▼ -0.3%
Auto Components	3.0%	3.2%	▲ +0.1%
Industrial Manufacturing	2.5%	3.1%	▲ +0.7%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	15.3%	15.2%	● -0.1%
Finance	9.0%	8.2%	▼ -0.9%
Electrical Equipment	6.6%	6.7%	▲ +0.1%
IT - Software	7.1%	6.7%	▼ -0.5%
Capital Markets	5.5%	6.0%	▲ +0.6%
Pharmaceuticals & Biotechnology	4.5%	4.8%	▲ +0.3%
Industrial Manufacturing	3.1%	3.5%	▲ +0.4%
Beverages	2.5%	3.4%	▲ +0.9%
Automobiles	3.6%	3.3%	▼ -0.3%
Auto Components	3.2%	3.1%	● 0.0%

🟢

Biggest New Buy

InterGlobe Aviation Limited

1.01% weight · Transport Services

🔴

Biggest Exit

Hindustan Unilever Limited

1.06% was held · Diversified FMCG

↑

Biggest Add

Kotak Mahindra Bank Limited

+1.50% · now 2.22%

↓

Biggest Trim

HDFC Bank Limited

-0.97% · now 1.79%

🤝 Other funds also bought this month

National Stock Exchange of India Ltd. 115 funds

United Spirits Limited 43 funds

InterGlobe Aviation Limited 28 funds

Kaynes Technology India Limited 5 funds

👋 Other funds also exited

Hindustan Unilever Limited 21 funds

Hindustan Petroleum Corporation Limited 14 funds

Anant Raj Global Limited 2 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 4 New Entries 🔴 3 Exits ↑ 33 Increased ↓ 42 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	InterGlobe Aviation Limited ₹57.95 Cr	Transport Services	1.01%
2	United Spirits Limited ₹43.24 Cr	Beverages	0.75%
3	National Stock Exchange of India Ltd. ₹36.14 Cr	Capital Markets	0.63%
4	Kaynes Technology India Limited ₹13.16 Cr	Industrial Manufacturing	0.23%

#	Stock	Sector	Last Weight (Aug 2026)
1	Hindustan Unilever Limited ₹63.74 Cr	Diversified FMCG	1.06%
2	Hindustan Petroleum Corporation Limited ₹45.04 Cr	Petroleum Products	0.75%
3	Anant Raj Global Limited ₹9.09 Cr	Realty	0.15%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Kotak Mahindra Bank Limited ₹127.80 Cr	Banks	0.72%	2.22%	+1.50%
2	Tata Steel Limited ₹105.76 Cr	Ferrous Metals	1.41%	1.84%	+0.43%
3	MTAR Technologies Limited ₹101.99 Cr	Aerospace & Defense	1.38%	1.77%	+0.39%
4	OnEMI Technology Solutions Limited ₹68.64 Cr	N.A.	0.84%	1.19%	+0.35%
5	OPTIEMUS INFRACOM LIMITED ₹53.96 Cr	Telecom - Equipment & Accessories	0.62%	0.94%	+0.32%
6	Divi's Laboratories Limited ₹59.09 Cr	Pharmaceuticals & Biotechnology	0.81%	1.03%	+0.22%
7	Bharti Airtel Limited ₹102.97 Cr	Telecom - Services	1.58%	1.79%	+0.21%
8	Page Industries Limited ₹60.13 Cr	Textiles & Apparels	0.84%	1.05%	+0.21%
9	Wockhardt Limited ₹75.94 Cr	Pharmaceuticals & Biotechnology	1.13%	1.32%	+0.19%
10	Diamond Power Infrastructure Limited ₹53.16 Cr	Electrical Equipment	0.78%	0.92%	+0.14%
11	TD Power Systems Limited ₹132.52 Cr	Electrical Equipment	2.18%	2.31%	+0.13%
12	Tata Consumer Products Limited ₹55.33 Cr	Agricultural Food & other Products	0.84%	0.96%	+0.12%
13	RBL Bank Limited ₹72.94 Cr	Banks	1.15%	1.27%	+0.12%
14	CreditAccess Grameen Limited ₹79.77 Cr	Finance	1.28%	1.39%	+0.11%
15	Varun Beverages Limited ₹52.92 Cr	Beverages	0.82%	0.92%	+0.10%
16	Jyoti CNC Automation Ltd ₹70.12 Cr	Industrial Manufacturing	1.12%	1.22%	+0.10%
17	Pitti Engineering Ltd ₹80.88 Cr	Industrial Manufacturing	1.31%	1.41%	+0.10%
18	Lenskart Solutions Limited ₹68.97 Cr	Retailing	1.11%	1.20%	+0.09%
19	Juniper Green Energy Limited ₹62.93 Cr	Power	1.02%	1.09%	+0.07%
20	Dhoot Transmission Ltd ₹63.58 Cr	Automobile and Auto Components	1.05%	1.11%	+0.06%
21	Karnataka Bank Ltd ₹121.19 Cr	Banks	2.06%	2.11%	+0.05%
22	Pearl Global Industries Limited ₹39.21 Cr	Textiles & Apparels	0.63%	0.68%	+0.05%
23	Bansal Wire Industries Limited ₹43.27 Cr	Industrial Products	0.71%	0.75%	+0.04%
24	Eternal Limited ₹91.74 Cr	Retailing	1.57%	1.60%	+0.03%
25	Multi Commodity Exchange of India Limited ₹114.43 Cr	Capital Markets	1.96%	1.99%	+0.03%
26	Radico Khaitan Limited ₹99.50 Cr	Beverages	1.70%	1.73%	+0.03%
27	PNB Housing Finance Limited ₹91.34 Cr	Finance	1.56%	1.59%	+0.03%
28	Kajaria Ceramics Limited ₹59.39 Cr	Consumer Durables	1.00%	1.03%	+0.03%
29	Awfis Space Solutions Limited ₹34.19 Cr	Commercial Services & Supplies	0.56%	0.59%	+0.03%
30	NTPC Limited ₹35.67 Cr	Power	0.60%	0.62%	+0.02%
31	Hindustan Aeronautics Limited ₹31.46 Cr	Aerospace & Defense	0.54%	0.55%	+0.01%
32	DLF Limited ₹28.11 Cr	Realty	0.48%	0.49%	+0.01%
33	PARADEEP PHOSPHATES LIMITED ₹53.34 Cr	Fertilizers & Agrochemicals	0.92%	0.93%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	HDFC Bank Limited ₹103.09 Cr	Banks	2.76%	1.79%	-0.97%
2	Shriram Finance Limited ₹83.37 Cr	Finance	2.12%	1.45%	-0.67%
3	ICICI Bank Limited ₹223.48 Cr	Banks	4.49%	3.89%	-0.60%
4	R R Kabel Limited ₹55.08 Cr	Industrial Products	1.36%	0.96%	-0.40%
5	Jindal Steel Limited ₹72.55 Cr	Ferrous Metals	1.50%	1.26%	-0.24%
6	Ather Energy Limited ₹76.06 Cr	Automobiles	1.53%	1.32%	-0.21%
7	Coforge Limited ₹112.07 Cr	IT - Software	2.12%	1.95%	-0.17%
8	Ashok Leyland Limited ₹77.79 Cr	Agricultural, Commercial & Construction Vehicles	1.48%	1.35%	-0.13%
9	Cholamandalam Investment and Finance Company Ltd ₹71.57 Cr	Finance	1.37%	1.25%	-0.12%
10	Piramal Finance Ltd ₹85.99 Cr	Finance	1.61%	1.50%	-0.11%
11	State Bank of India ₹103.21 Cr	Banks	1.90%	1.80%	-0.10%
12	HDFC Asset Management Company Limited ₹57.95 Cr	Capital Markets	1.11%	1.01%	-0.10%
13	Mahindra & Mahindra Financial Services Limited ₹57.25 Cr	Finance	1.10%	1.00%	-0.10%
14	Mphasis Limited ₹62.69 Cr	IT - Software	1.18%	1.09%	-0.09%
15	Infosys Limited ₹48.39 Cr	IT - Software	0.92%	0.84%	-0.08%
16	Maruti Suzuki India Limited ₹51.85 Cr	Automobiles	0.98%	0.90%	-0.08%
17	Reliance Industries Limited ₹141.87 Cr	Petroleum Products	2.54%	2.47%	-0.07%
18	Hindalco Industries Limited ₹97.88 Cr	Non - Ferrous Metals	1.76%	1.70%	-0.06%
19	LTIMindtree Limited ₹48.32 Cr	IT - Software	0.90%	0.84%	-0.06%
20	Cochin Shipyard Limited ₹36.67 Cr	Industrial Manufacturing	0.70%	0.64%	-0.06%
21	Atlanta Electricals Ltd ₹39.40 Cr	Electrical Equipment	0.75%	0.69%	-0.06%
22	Sun Pharmaceutical Industries Limited ₹58.77 Cr	Pharmaceuticals & Biotechnology	1.07%	1.02%	-0.05%
23	Titan Company Limited ₹44.63 Cr	Consumer Durables	0.83%	0.78%	-0.05%
24	GK Energy Ltd ₹38.18 Cr	Construction	0.71%	0.66%	-0.05%
25	Dishman Carbogen Amcis Limited ₹34.88 Cr	Pharmaceuticals & Biotechnology	0.66%	0.61%	-0.05%
26	Larsen & Toubro Limited ₹85.96 Cr	Construction	1.54%	1.50%	-0.04%
27	Tech Mahindra Limited ₹80.64 Cr	IT - Software	1.44%	1.40%	-0.04%
28	Indian Bank ₹27.29 Cr	Banks	0.51%	0.47%	-0.04%
29	Global Health Limited ₹61.81 Cr	Healthcare Services	1.12%	1.08%	-0.04%
30	Endurance Technologies Limited ₹69.53 Cr	Auto Components	1.25%	1.21%	-0.04%
31	Gokaldas Exports Limited ₹25.31 Cr	Textiles & Apparels	0.48%	0.44%	-0.04%
32	Bharat Bijlee Ltd. ₹31.53 Cr	Electrical Equipment	0.59%	0.55%	-0.04%
33	Axis Bank Limited ₹94.57 Cr	Banks	1.67%	1.64%	-0.03%
34	Devyani International Limited ₹66.86 Cr	Leisure Services	1.19%	1.16%	-0.03%
35	TVS Motor Company Limited ₹62.72 Cr	Automobiles	1.11%	1.09%	-0.02%
36	Lupin Limited ₹47.02 Cr	Pharmaceuticals & Biotechnology	0.84%	0.82%	-0.02%
37	GE Vernova T&D India Limited ₹66.15 Cr	Electrical Equipment	1.17%	1.15%	-0.02%
38	Bharat Heavy Electricals Limited ₹60.69 Cr	Electrical Equipment	1.08%	1.06%	-0.02%
39	Bharat Electronics Limited ₹31.72 Cr	Aerospace & Defense	0.56%	0.55%	-0.01%
40	Persistent Systems Limited ₹32.30 Cr	IT - Software	0.57%	0.56%	-0.01%
41	JSW Energy Limited ₹24.26 Cr	Power	0.43%	0.42%	-0.01%
42	Manipal Health Enterprises Ltd ₹32.50 Cr	Healthcare Services	0.58%	0.57%	-0.01%

What Stocks Does This Fund Hold?

84 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹223.48 Cr	Banks	3.89%
2	Reliance Industries Limited ₹141.87 Cr	Petroleum Products	2.47%
3	TD Power Systems Limited ₹132.52 Cr	Electrical Equipment	2.31%
4	Kotak Mahindra Bank Limited ₹127.80 Cr	Banks	2.22%
5	Karnataka Bank Ltd ₹121.19 Cr	Banks	2.11%
6	Multi Commodity Exchange of India Limited ₹114.43 Cr	Capital Markets	1.99%
7	Coforge Limited ₹112.07 Cr	IT - Software	1.95%
8	Samvardhana Motherson International Limited ₹109.52 Cr	Auto Components	1.91%
9	Tata Steel Limited ₹105.76 Cr	Ferrous Metals	1.84%
10	State Bank of India ₹103.21 Cr	Banks	1.80%
11	Bharti Airtel Limited ₹102.97 Cr	Telecom - Services	1.79%
12	HDFC Bank Limited ₹103.09 Cr	Banks	1.79%
13	MTAR Technologies Limited ₹101.99 Cr	Aerospace & Defense	1.77%
14	Radico Khaitan Limited ₹99.50 Cr	Beverages	1.73%
15	Hindalco Industries Limited ₹97.88 Cr	Non - Ferrous Metals	1.70%
16	Axis Bank Limited ₹94.57 Cr	Banks	1.64%
17	Eternal Limited ₹91.74 Cr	Retailing	1.60%
18	PNB Housing Finance Limited ₹91.34 Cr	Finance	1.59%
19	Piramal Finance Ltd ₹85.99 Cr	Finance	1.50%
20	Larsen & Toubro Limited ₹85.96 Cr	Construction	1.50%
21	Shriram Finance Limited ₹83.37 Cr	Finance	1.45%
22	Pitti Engineering Ltd ₹80.88 Cr	Industrial Manufacturing	1.41%
23	Tech Mahindra Limited ₹80.64 Cr	IT - Software	1.40%
24	CreditAccess Grameen Limited ₹79.77 Cr	Finance	1.39%
25	Ashok Leyland Limited ₹77.79 Cr	Agricultural, Commercial & Construction Vehicles	1.35%
26	Wockhardt Limited ₹75.94 Cr	Pharmaceuticals & Biotechnology	1.32%
27	Ather Energy Limited ₹76.06 Cr	Automobiles	1.32%
28	Motilal Oswal Financial Services Limited ₹75.14 Cr	Capital Markets	1.31%
29	RBL Bank Limited ₹72.94 Cr	Banks	1.27%
30	Jindal Steel Limited ₹72.55 Cr	Ferrous Metals	1.26%
31	Cholamandalam Investment and Finance Company Ltd ₹71.57 Cr	Finance	1.25%
32	Jyoti CNC Automation Ltd ₹70.12 Cr	Industrial Manufacturing	1.22%
33	Endurance Technologies Limited ₹69.53 Cr	Auto Components	1.21%
34	Lenskart Solutions Limited ₹68.97 Cr	Retailing	1.20%
35	OnEMI Technology Solutions Limited ₹68.64 Cr	N.A.	1.19%
36	UltraTech Cement Limited ₹66.82 Cr	Cement & Cement Products	1.16%
37	Devyani International Limited ₹66.86 Cr	Leisure Services	1.16%
38	GE Vernova T&D India Limited ₹66.15 Cr	Electrical Equipment	1.15%
39	Dhoot Transmission Ltd ₹63.58 Cr	Automobile and Auto Components	1.11%
40	Billionbrains Garage Ventures Ltd ₹63.17 Cr	Capital Markets	1.10%
41	TVS Motor Company Limited ₹62.72 Cr	Automobiles	1.09%
42	Mphasis Limited ₹62.69 Cr	IT - Software	1.09%
43	Juniper Green Energy Limited ₹62.93 Cr	Power	1.09%
44	Global Health Limited ₹61.81 Cr	Healthcare Services	1.08%
45	Bharat Heavy Electricals Limited ₹60.69 Cr	Electrical Equipment	1.06%
46	Page Industries Limited ₹60.13 Cr	Textiles & Apparels	1.05%
47	Divi's Laboratories Limited ₹59.09 Cr	Pharmaceuticals & Biotechnology	1.03%
48	Kajaria Ceramics Limited ₹59.39 Cr	Consumer Durables	1.03%
49	Sun Pharmaceutical Industries Limited ₹58.77 Cr	Pharmaceuticals & Biotechnology	1.02%
50	HDFC Asset Management Company Limited ₹57.95 Cr	Capital Markets	1.01%
51	InterGlobe Aviation Limited ₹57.95 Cr	Transport Services	1.01%
52	Mahindra & Mahindra Financial Services Limited ₹57.25 Cr	Finance	1.00%
53	Tata Consumer Products Limited ₹55.33 Cr	Agricultural Food & other Products	0.96%
54	R R Kabel Limited ₹55.08 Cr	Industrial Products	0.96%
55	OPTIEMUS INFRACOM LIMITED ₹53.96 Cr	Telecom - Equipment & Accessories	0.94%
56	PARADEEP PHOSPHATES LIMITED ₹53.34 Cr	Fertilizers & Agrochemicals	0.93%
57	Diamond Power Infrastructure Limited ₹53.16 Cr	Electrical Equipment	0.92%
58	Varun Beverages Limited ₹52.92 Cr	Beverages	0.92%
59	Maruti Suzuki India Limited ₹51.85 Cr	Automobiles	0.90%
60	Infosys Limited ₹48.39 Cr	IT - Software	0.84%
61	LTIMindtree Limited ₹48.32 Cr	IT - Software	0.84%
62	Lupin Limited ₹47.02 Cr	Pharmaceuticals & Biotechnology	0.82%
63	Titan Company Limited ₹44.63 Cr	Consumer Durables	0.78%
64	Bansal Wire Industries Limited ₹43.27 Cr	Industrial Products	0.75%
65	United Spirits Limited ₹43.24 Cr	Beverages	0.75%
66	Atlanta Electricals Ltd ₹39.40 Cr	Electrical Equipment	0.69%
67	Pearl Global Industries Limited ₹39.21 Cr	Textiles & Apparels	0.68%
68	GK Energy Ltd ₹38.18 Cr	Construction	0.66%
69	Birla Corporation Limited ₹37.39 Cr	Cement & Cement Products	0.65%
70	Cochin Shipyard Limited ₹36.67 Cr	Industrial Manufacturing	0.64%
71	National Stock Exchange of India Ltd. ₹36.14 Cr	Capital Markets	0.63%
72	NTPC Limited ₹35.67 Cr	Power	0.62%
73	Dishman Carbogen Amcis Limited ₹34.88 Cr	Pharmaceuticals & Biotechnology	0.61%
74	Awfis Space Solutions Limited ₹34.19 Cr	Commercial Services & Supplies	0.59%
75	Manipal Health Enterprises Ltd ₹32.50 Cr	Healthcare Services	0.57%
76	Persistent Systems Limited ₹32.30 Cr	IT - Software	0.56%
77	Bharat Electronics Limited ₹31.72 Cr	Aerospace & Defense	0.55%
78	Hindustan Aeronautics Limited ₹31.46 Cr	Aerospace & Defense	0.55%
79	Bharat Bijlee Ltd. ₹31.53 Cr	Electrical Equipment	0.55%
80	DLF Limited ₹28.11 Cr	Realty	0.49%
81	Indian Bank ₹27.29 Cr	Banks	0.47%
82	Gokaldas Exports Limited ₹25.31 Cr	Textiles & Apparels	0.44%
83	JSW Energy Limited ₹24.26 Cr	Power	0.42%
84	Kaynes Technology India Limited ₹13.16 Cr	Industrial Manufacturing	0.23%