What stocks does HSBC Multi Asset Allocation Fund hold?

HSBC Multi Asset Allocation 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 Multi Asset Allocation Fund?

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

What category is HSBC Multi Asset Allocation Fund?

HSBC Multi Asset Allocation Fund is classified as a Multi Asset mutual fund under SEBI's mutual fund categorisation framework.

How often is HSBC Multi Asset Allocation Fund portfolio data updated?

Portfolio holdings for HSBC Multi Asset Allocation 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 Multi Asset Allocation Fund - Direct - Growth

Multi Asset Data as of Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹2,138.49 Cr

Equity only, excl. debt & cash

Top 5 Weight

22.2%

Diversified

Top 10 Weight

36.3%

Diversified

Changes

8 new · 3 exits

Top Sector

Banks

11.7% of portfolio

📋 What Happened This Month HSBC Multi Asset Allocation Fund made 8 new additions and exited 3 stocks this month. The biggest new buy was Bharat Heavy Electricals Limited (Electrical Equipment) at 2.27% weight. KEI Industries Limited was the biggest exit (Industrial Products), which was held at 0.14%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 7.00% of the portfolio. Reliance Industries Limited was trimmed the most, now at 1.54%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 11.7%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

1 year history · HSBC Multi Asset Allocation Fund - Direct - Growth

+0.96%

+2.65%

+7.02%

+19.07%

Latest NAV

₹14.16

04 Jun 2026

52W High

₹14.37

-1% from High

52W Low

₹10.31

+37% from Low

Calendar Year Returns

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

2025

+9.8%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

12.8%

+ve in 100% windows

33.8% / 1.3%

Crisis Period Behaviour

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

2024–25 Tariff

-18.7%

Rec: Sep 2025 (9 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

NAV Chart ₹14.16 04 Jun 2026

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

HSBC Multi Asset Allocation Fund - Direct - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹14.16

Sector Shift Industry allocation month-over-month

Earlier shift unavailable

Needs 3 months of holdings data.

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	6.8%	11.7%	▲ +4.9%
Electrical Equipment	5.0%	9.7%	▲ +4.8%
Capital Markets	1.8%	7.3%	▲ +5.5%
Industrial Manufacturing	2.7%	4.7%	▲ +2.0%
Retailing	4.4%	4.3%	● -0.1%
Aerospace & Defense	4.1%	4.0%	● -0.1%
Pharmaceuticals & Biotechnology	4.2%	3.9%	▼ -0.3%
Oil	4.0%	3.8%	▼ -0.2%
Non - Ferrous Metals	1.7%	3.7%	▲ +2.1%
Finance	0.6%	3.5%	▲ +3.0%

🟢

Biggest New Buy

Bharat Heavy Electricals Limited

2.27% weight · Electrical Equipment

🔴

Biggest Exit

KEI Industries Limited

0.14% was held · Industrial Products

↑

Biggest Add

ICICI Bank Limited

+3.96% · now 7.00%

↓

Biggest Trim

Reliance Industries Limited

-6.31% · now 1.54%

🤝 Other funds also bought this month

Power Grid Corporation of India Limited 47 funds

Power Finance Corporation Limited 36 funds

Bharat Heavy Electricals Limited 33 funds

Indian Bank 27 funds

Ather Energy Limited 24 funds

Thermax Limited 18 funds

👋 Other funds also exited

Max Financial Services Limited 22 funds

Titan Company Limited 18 funds

KEI Industries Limited 15 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 8 New Entries 🔴 3 Exits ↑ 21 Increased ↓ 20 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Bharat Heavy Electricals Limited ₹64.50 Cr	Electrical Equipment	2.27%
2	Piramal Finance Ltd ₹55.83 Cr	Finance	1.96%
3	Power Finance Corporation Limited ₹32.93 Cr	Finance	1.16%
4	Power Grid Corporation of India Limited ₹32.82 Cr	Power	1.15%
5	Titagarh Rail Systems Limited ₹32.13 Cr	Industrial Manufacturing	1.13%
6	Indian Bank ₹28.50 Cr	Banks	1.00%
7	Ather Energy Limited ₹26.67 Cr	Automobiles	0.94%
8	Thermax Limited ₹20.39 Cr	Electrical Equipment	0.72%

#	Stock	Sector	Last Weight (Mar 2026)
1	KEI Industries Limited ₹3.51 Cr	Industrial Products	0.14%
2	Titan Company Limited ₹1.93 Cr	Consumer Durables	0.07%
3	Max Financial Services Limited ₹29.10 L	Insurance	0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	ICICI Bank Limited ₹199.22 Cr	Banks	3.04%	7.00%	+3.96%
2	Hindalco Industries Limited ₹106.38 Cr	Non - Ferrous Metals	1.67%	3.74%	+2.07%
3	Billionbrains Garage Ventures Ltd ₹81.93 Cr	Capital Markets	0.81%	2.88%	+2.07%
4	ICICI Prudential Asset Management Company Limited ₹54.93 Cr	Capital Markets	0.04%	1.93%	+1.89%
5	Siemens Limited ₹40.61 Cr	Electrical Equipment	0.00%	1.43%	+1.43%
6	Tata Consumer Products Limited ₹86.37 Cr	Agricultural Food & other Products	1.72%	3.04%	+1.32%
7	BSE Limited ₹55.55 Cr	Capital Markets	0.82%	1.95%	+1.13%
8	Aditya Infotech Limited ₹102.08 Cr	Industrial Manufacturing	2.74%	3.59%	+0.85%
9	Nippon Life India Asset Management Limited ₹14.51 Cr	Capital Markets	0.07%	0.51%	+0.44%
10	Hitachi Energy India Limited ₹53.27 Cr	Electrical Equipment	1.49%	1.87%	+0.38%
11	Tata Power Company Limited ₹47.82 Cr	Power	1.57%	1.68%	+0.11%
12	PB Fintech Limited ₹47.77 Cr	Financial Technology (Fintech)	1.58%	1.68%	+0.10%
13	SEDEMAC MECHATRONICS LTD ₹20.90 Cr	Auto Components	0.66%	0.74%	+0.08%
14	PNB Housing Finance Limited ₹10.68 Cr	Finance	0.30%	0.38%	+0.08%
15	Tenneco Clean Air India Limited ₹23.62 Cr	Auto Components	0.76%	0.83%	+0.07%
16	FSN E-Commerce Ventures Limited ₹61.06 Cr	Retailing	2.09%	2.15%	+0.06%
17	City Union Bank Limited ₹33.30 Cr	Banks	1.14%	1.17%	+0.03%
18	The Federal Bank Limited ₹61.12 Cr	Banks	2.13%	2.15%	+0.02%
19	Mankind Pharma Limited ₹34.47 Cr	Pharmaceuticals & Biotechnology	1.19%	1.21%	+0.02%
20	JSW Steel Limited ₹23.98 Cr	Ferrous Metals	0.82%	0.84%	+0.02%
21	HDFC Asset Management Company Limited ₹43.18 L	Capital Markets	0.01%	0.02%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Reliance Industries Limited ₹43.73 Cr	Petroleum Products	7.85%	1.54%	-6.31%
2	Bharti Airtel Limited ₹9.24 Cr	Telecom - Services	4.92%	0.32%	-4.60%
3	ITC Limited ₹20.98 Cr	Diversified FMCG	3.12%	0.74%	-2.38%
4	NTPC Limited ₹14.44 Cr	Power	2.89%	0.51%	-2.38%
5	Polycab India Limited ₹21.67 Cr	Industrial Products	1.83%	0.76%	-1.07%
6	Mahindra & Mahindra Limited ₹49.97 Cr	Automobiles	2.63%	1.76%	-0.87%
7	Safari Industries India Ltd ₹14.03 Cr	Consumer Durables	1.00%	0.49%	-0.51%
8	Lupin Limited ₹72.71 Cr	Pharmaceuticals & Biotechnology	2.82%	2.56%	-0.26%
9	Shriram Finance Limited ₹43.43 L	Finance	0.26%	0.02%	-0.24%
10	Oil & Natural Gas Corporation Limited ₹108.86 Cr	Oil	4.00%	3.83%	-0.17%
11	Lenskart Solutions Limited ₹60.35 Cr	Retailing	2.26%	2.12%	-0.14%
12	HDFC Bank Limited ₹30.63 L	Banks	0.10%	0.01%	-0.09%
13	Bharat Electronics Limited ₹113.48 Cr	Aerospace & Defense	4.07%	3.99%	-0.08%
14	Larsen & Toubro Limited ₹1.24 Cr	Construction	0.11%	0.04%	-0.07%
15	GE Vernova T&D India Limited ₹96.29 Cr	Electrical Equipment	3.44%	3.39%	-0.05%
16	Persistent Systems Limited ₹3.74 Cr	IT - Software	0.15%	0.13%	-0.02%
17	Dabur India Limited ₹4.64 Cr	Personal Products	0.17%	0.16%	-0.01%
18	Divi's Laboratories Limited ₹3.82 Cr	Pharmaceuticals & Biotechnology	0.14%	0.13%	-0.01%
19	Britannia Industries Limited ₹2.07 Cr	Food Products	0.08%	0.07%	-0.01%
20	Max Healthcare Institute Limited ₹99.29 L	Healthcare Services	0.04%	0.03%	-0.01%

Full Portfolio

63 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹199.22 Cr	Banks	7.00%
2	Bharat Electronics Limited ₹113.48 Cr	Aerospace & Defense	3.99%
3	Oil & Natural Gas Corporation Limited ₹108.86 Cr	Oil	3.83%
4	Hindalco Industries Limited ₹106.38 Cr	Non - Ferrous Metals	3.74%
5	Aditya Infotech Limited ₹102.08 Cr	Industrial Manufacturing	3.59%
6	GE Vernova T&D India Limited ₹96.29 Cr	Electrical Equipment	3.39%
7	Tata Consumer Products Limited ₹86.37 Cr	Agricultural Food & other Products	3.04%
8	Billionbrains Garage Ventures Ltd ₹81.93 Cr	Capital Markets	2.88%
9	Lupin Limited ₹72.71 Cr	Pharmaceuticals & Biotechnology	2.56%
10	Bharat Heavy Electricals Limited ₹64.50 Cr	Electrical Equipment	2.27%
11	The Federal Bank Limited ₹61.12 Cr	Banks	2.15%
12	FSN E-Commerce Ventures Limited ₹61.06 Cr	Retailing	2.15%
13	Lenskart Solutions Limited ₹60.35 Cr	Retailing	2.12%
14	Piramal Finance Ltd ₹55.83 Cr	Finance	1.96%
15	BSE Limited ₹55.55 Cr	Capital Markets	1.95%
16	ICICI Prudential Asset Management Company Limited ₹54.93 Cr	Capital Markets	1.93%
17	Hitachi Energy India Limited ₹53.27 Cr	Electrical Equipment	1.87%
18	Mahindra & Mahindra Limited ₹49.97 Cr	Automobiles	1.76%
19	Tata Power Company Limited ₹47.82 Cr	Power	1.68%
20	PB Fintech Limited ₹47.77 Cr	Financial Technology (Fintech)	1.68%
21	Reliance Industries Limited ₹43.73 Cr	Petroleum Products	1.54%
22	Siemens Limited ₹40.61 Cr	Electrical Equipment	1.43%
23	Mankind Pharma Limited ₹34.47 Cr	Pharmaceuticals & Biotechnology	1.21%
24	City Union Bank Limited ₹33.30 Cr	Banks	1.17%
25	Power Finance Corporation Limited ₹32.93 Cr	Finance	1.16%
26	Power Grid Corporation of India Limited ₹32.82 Cr	Power	1.15%
27	Titagarh Rail Systems Limited ₹32.13 Cr	Industrial Manufacturing	1.13%
28	Indian Bank ₹28.50 Cr	Banks	1.00%
29	Ather Energy Limited ₹26.67 Cr	Automobiles	0.94%
30	JSW Steel Limited ₹23.98 Cr	Ferrous Metals	0.84%
31	Tata Steel Limited ₹23.85 Cr	Ferrous Metals	0.84%
32	Tenneco Clean Air India Limited ₹23.62 Cr	Auto Components	0.83%
33	Polycab India Limited ₹21.67 Cr	Industrial Products	0.76%
34	ITC Limited ₹20.98 Cr	Diversified FMCG	0.74%
35	SEDEMAC MECHATRONICS LTD ₹20.90 Cr	Auto Components	0.74%
36	Thermax Limited ₹20.39 Cr	Electrical Equipment	0.72%
37	Nippon Life India Asset Management Limited ₹14.51 Cr	Capital Markets	0.51%
38	NTPC Limited ₹14.44 Cr	Power	0.51%
39	Safari Industries India Ltd ₹14.03 Cr	Consumer Durables	0.49%
40	PNB Housing Finance Limited ₹10.68 Cr	Finance	0.38%
41	Bharti Airtel Limited ₹9.24 Cr	Telecom - Services	0.32%
42	Kotak Mahindra Bank Limited ₹9.05 Cr	Banks	0.32%
43	Dabur India Limited ₹4.64 Cr	Personal Products	0.16%
44	Divi's Laboratories Limited ₹3.82 Cr	Pharmaceuticals & Biotechnology	0.13%
45	Persistent Systems Limited ₹3.74 Cr	IT - Software	0.13%
46	State Bank of India ₹2.11 Cr	Banks	0.07%
47	Britannia Industries Limited ₹2.07 Cr	Food Products	0.07%
48	CG Power and Industrial Solutions Limited ₹1.55 Cr	Electrical Equipment	0.05%
49	Multi Commodity Exchange of India Limited ₹1.54 Cr	Capital Markets	0.05%
50	Larsen & Toubro Limited ₹1.24 Cr	Construction	0.04%
51	Max Healthcare Institute Limited ₹99.29 L	Healthcare Services	0.03%
52	Dixon Technologies (India) Limited ₹87.32 L	Consumer Durables	0.03%
53	Godrej Consumer Products Limited ₹76.21 L	Personal Products	0.03%
54	UltraTech Cement Limited ₹72.99 L	Cement & Cement Products	0.03%
55	Axis Bank Limited ₹53.56 L	Banks	0.02%
56	Shriram Finance Limited ₹43.43 L	Finance	0.02%
57	HDFC Asset Management Company Limited ₹43.18 L	Capital Markets	0.02%
58	Anthem Biosciences Limited ₹32.35 L	Pharmaceuticals & Biotechnology	0.01%
59	HDFC Bank Limited ₹30.63 L	Banks	0.01%
60	Infosys Limited ₹15.36 L	IT - Software	0.01%
61	Blue Star Limited ₹9.80 L	Consumer Durables	0.00%
62	Cholamandalam Investment and Finance Company Ltd ₹9.38 L	Finance	0.00%
63	Sun Pharmaceutical Industries Limited ₹3.62 L	Pharmaceuticals & Biotechnology	0.00%