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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹2,190.01 Cr

Equity only, excl. debt & cash

Top 5 Weight

20.8%

Diversified

Top 10 Weight

34.9%

Diversified

Changes

1 new · 0 exits

Top Sector

Electrical Equipment

12.4% of portfolio

📋 What Happened This Month HSBC Multi Asset Allocation Fund added 1 new stock to its portfolio this month. The biggest new buy was ABB India Limited (Electrical Equipment) at 0.96% weight. Among existing holdings, PB Fintech Limited saw the biggest increase — now at 3.15% of the portfolio. Oil & Natural Gas Corporation Limited was trimmed the most, now at 1.66%. ICICI Bank Limited remains the top holding with Electrical Equipment the dominant sector at 12.4%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

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

+0.07%

+9.69%

+4.62%

+18.11%

Latest NAV

₹14.21

24 Jun 2026

52W High

₹14.40

-1% from High

52W Low

₹10.31

+38% 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

13.0%

+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 ₹14.21 24 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: ₹14.21

Sector Shift Industry allocation month-over-month

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%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Electrical Equipment	9.7%	12.4%	▲ +2.6%
Banks	11.7%	11.1%	▼ -0.6%
Capital Markets	7.3%	7.5%	▲ +0.1%
Retailing	4.3%	5.0%	▲ +0.8%
Pharmaceuticals & Biotechnology	3.9%	4.4%	▲ +0.5%
Non - Ferrous Metals	3.7%	3.9%	▲ +0.1%
Industrial Manufacturing	4.7%	3.9%	▼ -0.9%
Aerospace & Defense	4.0%	3.6%	▼ -0.4%
Finance	3.5%	3.2%	▼ -0.3%
Power	3.3%	3.2%	▼ -0.2%

🟢

Biggest New Buy

ABB India Limited

0.96% weight · Electrical Equipment

↑

Biggest Add

PB Fintech Limited

+1.47% · now 3.15%

↓

Biggest Trim

Oil & Natural Gas Corporation Limited

-2.17% · now 1.66%

🤝 Other funds also bought this month

ABB India Limited 39 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 1 New Entry ↑ 17 Increased ↓ 34 Decreased

#	Stock	Sector	Weight (May 2026)
1	ABB India Limited ₹28.65 Cr	Electrical Equipment	0.96%

#	Stock	Sector	Apr 2026	May 2026	Change
1	PB Fintech Limited ₹93.75 Cr	Financial Technology (Fintech)	1.68%	3.15%	+1.47%
2	Power Grid Corporation of India Limited ₹63.42 Cr	Power	1.15%	2.13%	+0.98%
3	Siemens Limited ₹70.90 Cr	Electrical Equipment	1.43%	2.38%	+0.95%
4	Lenskart Solutions Limited ₹89.78 Cr	Retailing	2.12%	3.01%	+0.89%
5	Bharat Heavy Electricals Limited ₹91.23 Cr	Electrical Equipment	2.27%	3.06%	+0.79%
6	Sun Pharmaceutical Industries Limited ₹20.18 Cr	Pharmaceuticals & Biotechnology	0.00%	0.68%	+0.68%
7	ICICI Prudential Asset Management Company Limited ₹74.70 Cr	Capital Markets	1.93%	2.51%	+0.58%
8	Titagarh Rail Systems Limited ₹48.88 Cr	Industrial Manufacturing	1.13%	1.64%	+0.51%
9	JSW Steel Limited ₹37.34 Cr	Ferrous Metals	0.84%	1.25%	+0.41%
10	Hindalco Industries Limited ₹115.47 Cr	Non - Ferrous Metals	3.74%	3.88%	+0.14%
11	Thermax Limited ₹24.91 Cr	Electrical Equipment	0.72%	0.84%	+0.12%
12	GE Vernova T&D India Limited ₹104.02 Cr	Electrical Equipment	3.39%	3.49%	+0.10%
13	SEDEMAC MECHATRONICS LTD ₹24.36 Cr	Auto Components	0.74%	0.82%	+0.08%
14	Nippon Life India Asset Management Limited ₹15.81 Cr	Capital Markets	0.51%	0.53%	+0.02%
15	Mankind Pharma Limited ₹36.45 Cr	Pharmaceuticals & Biotechnology	1.21%	1.22%	+0.01%
16	Persistent Systems Limited ₹4.05 Cr	IT - Software	0.13%	0.14%	+0.01%
17	CG Power and Industrial Solutions Limited ₹1.75 Cr	Electrical Equipment	0.05%	0.06%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Oil & Natural Gas Corporation Limited ₹49.60 Cr	Oil	3.83%	1.66%	-2.17%
2	Aditya Infotech Limited ₹66.24 Cr	Industrial Manufacturing	3.59%	2.22%	-1.37%
3	Reliance Industries Limited ₹11.70 Cr	Petroleum Products	1.54%	0.39%	-1.15%
4	Tata Power Company Limited ₹17.70 Cr	Power	1.68%	0.59%	-1.09%
5	Mahindra & Mahindra Limited ₹28.65 Cr	Automobiles	1.76%	0.96%	-0.80%
6	ITC Limited ₹5.99 Cr	Diversified FMCG	0.74%	0.20%	-0.54%
7	Safari Industries India Ltd ₹1.41 Cr	Consumer Durables	0.49%	0.05%	-0.44%
8	Bharat Electronics Limited ₹108.08 Cr	Aerospace & Defense	3.99%	3.63%	-0.36%
9	ICICI Bank Limited ₹198.11 Cr	Banks	7.00%	6.65%	-0.35%
10	Billionbrains Garage Ventures Ltd ₹76.16 Cr	Capital Markets	2.88%	2.56%	-0.32%
11	Hitachi Energy India Limited ₹46.83 Cr	Electrical Equipment	1.87%	1.57%	-0.30%
12	Polycab India Limited ₹15.80 Cr	Industrial Products	0.76%	0.53%	-0.23%
13	Lupin Limited ₹71.52 Cr	Pharmaceuticals & Biotechnology	2.56%	2.40%	-0.16%
14	Piramal Finance Ltd ₹53.82 Cr	Finance	1.96%	1.81%	-0.15%
15	BSE Limited ₹54.22 Cr	Capital Markets	1.95%	1.82%	-0.13%
16	FSN E-Commerce Ventures Limited ₹60.50 Cr	Retailing	2.15%	2.03%	-0.12%
17	City Union Bank Limited ₹31.50 Cr	Banks	1.17%	1.06%	-0.11%
18	Power Finance Corporation Limited ₹31.48 Cr	Finance	1.16%	1.06%	-0.10%
19	The Federal Bank Limited ₹61.54 Cr	Banks	2.15%	2.07%	-0.08%
20	Tenneco Clean Air India Limited ₹22.35 Cr	Auto Components	0.83%	0.75%	-0.08%
21	Tata Consumer Products Limited ₹88.92 Cr	Agricultural Food & other Products	3.04%	2.98%	-0.06%
22	Indian Bank ₹27.87 Cr	Banks	1.00%	0.94%	-0.06%
23	Tata Steel Limited ₹23.47 Cr	Ferrous Metals	0.84%	0.79%	-0.05%
24	NTPC Limited ₹14.00 Cr	Power	0.51%	0.47%	-0.04%
25	PNB Housing Finance Limited ₹10.53 Cr	Finance	0.38%	0.35%	-0.03%
26	Ather Energy Limited ₹27.51 Cr	Automobiles	0.94%	0.92%	-0.02%
27	Kotak Mahindra Bank Limited ₹9.07 Cr	Banks	0.32%	0.30%	-0.02%
28	Bharti Airtel Limited ₹8.96 Cr	Telecom - Services	0.32%	0.30%	-0.02%
29	State Bank of India ₹1.91 Cr	Banks	0.07%	0.06%	-0.01%
30	Britannia Industries Limited ₹1.88 Cr	Food Products	0.07%	0.06%	-0.01%
31	Godrej Consumer Products Limited ₹73.51 L	Personal Products	0.03%	0.02%	-0.01%
32	UltraTech Cement Limited ₹72.34 L	Cement & Cement Products	0.03%	0.02%	-0.01%
33	Shriram Finance Limited ₹43.88 L	Finance	0.02%	0.01%	-0.01%
34	HDFC Asset Management Company Limited ₹42.57 L	Capital Markets	0.02%	0.01%	-0.01%

What Stocks Does This Fund Hold?

64 stocks — May 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹198.11 Cr	Banks	6.65%
2	Hindalco Industries Limited ₹115.47 Cr	Non - Ferrous Metals	3.88%
3	Bharat Electronics Limited ₹108.08 Cr	Aerospace & Defense	3.63%
4	GE Vernova T&D India Limited ₹104.02 Cr	Electrical Equipment	3.49%
5	PB Fintech Limited ₹93.75 Cr	Financial Technology (Fintech)	3.15%
6	Bharat Heavy Electricals Limited ₹91.23 Cr	Electrical Equipment	3.06%
7	Lenskart Solutions Limited ₹89.78 Cr	Retailing	3.01%
8	Tata Consumer Products Limited ₹88.92 Cr	Agricultural Food & other Products	2.98%
9	Billionbrains Garage Ventures Ltd ₹76.16 Cr	Capital Markets	2.56%
10	ICICI Prudential Asset Management Company Limited ₹74.70 Cr	Capital Markets	2.51%
11	Lupin Limited ₹71.52 Cr	Pharmaceuticals & Biotechnology	2.40%
12	Siemens Limited ₹70.90 Cr	Electrical Equipment	2.38%
13	Aditya Infotech Limited ₹66.24 Cr	Industrial Manufacturing	2.22%
14	Power Grid Corporation of India Limited ₹63.42 Cr	Power	2.13%
15	The Federal Bank Limited ₹61.54 Cr	Banks	2.07%
16	FSN E-Commerce Ventures Limited ₹60.50 Cr	Retailing	2.03%
17	BSE Limited ₹54.22 Cr	Capital Markets	1.82%
18	Piramal Finance Ltd ₹53.82 Cr	Finance	1.81%
19	Oil & Natural Gas Corporation Limited ₹49.60 Cr	Oil	1.66%
20	Titagarh Rail Systems Limited ₹48.88 Cr	Industrial Manufacturing	1.64%
21	Hitachi Energy India Limited ₹46.83 Cr	Electrical Equipment	1.57%
22	JSW Steel Limited ₹37.34 Cr	Ferrous Metals	1.25%
23	Mankind Pharma Limited ₹36.45 Cr	Pharmaceuticals & Biotechnology	1.22%
24	City Union Bank Limited ₹31.50 Cr	Banks	1.06%
25	Power Finance Corporation Limited ₹31.48 Cr	Finance	1.06%
26	ABB India Limited ₹28.65 Cr	Electrical Equipment	0.96%
27	Mahindra & Mahindra Limited ₹28.65 Cr	Automobiles	0.96%
28	Indian Bank ₹27.87 Cr	Banks	0.94%
29	Ather Energy Limited ₹27.51 Cr	Automobiles	0.92%
30	Thermax Limited ₹24.91 Cr	Electrical Equipment	0.84%
31	SEDEMAC MECHATRONICS LTD ₹24.36 Cr	Auto Components	0.82%
32	Tata Steel Limited ₹23.47 Cr	Ferrous Metals	0.79%
33	Tenneco Clean Air India Limited ₹22.35 Cr	Auto Components	0.75%
34	Sun Pharmaceutical Industries Limited ₹20.18 Cr	Pharmaceuticals & Biotechnology	0.68%
35	Tata Power Company Limited ₹17.70 Cr	Power	0.59%
36	Nippon Life India Asset Management Limited ₹15.81 Cr	Capital Markets	0.53%
37	Polycab India Limited ₹15.80 Cr	Industrial Products	0.53%
38	NTPC Limited ₹14.00 Cr	Power	0.47%
39	Reliance Industries Limited ₹11.70 Cr	Petroleum Products	0.39%
40	PNB Housing Finance Limited ₹10.53 Cr	Finance	0.35%
41	Kotak Mahindra Bank Limited ₹9.07 Cr	Banks	0.30%
42	Bharti Airtel Limited ₹8.96 Cr	Telecom - Services	0.30%
43	ITC Limited ₹5.99 Cr	Diversified FMCG	0.20%
44	Dabur India Limited ₹4.66 Cr	Personal Products	0.16%
45	Persistent Systems Limited ₹4.05 Cr	IT - Software	0.14%
46	Divi's Laboratories Limited ₹3.92 Cr	Pharmaceuticals & Biotechnology	0.13%
47	CG Power and Industrial Solutions Limited ₹1.75 Cr	Electrical Equipment	0.06%
48	State Bank of India ₹1.91 Cr	Banks	0.06%
49	Britannia Industries Limited ₹1.88 Cr	Food Products	0.06%
50	Multi Commodity Exchange of India Limited ₹1.53 Cr	Capital Markets	0.05%
51	Safari Industries India Ltd ₹1.41 Cr	Consumer Durables	0.05%
52	Larsen & Toubro Limited ₹1.26 Cr	Construction	0.04%
53	Max Healthcare Institute Limited ₹96.49 L	Healthcare Services	0.03%
54	Dixon Technologies (India) Limited ₹90.12 L	Consumer Durables	0.03%
55	UltraTech Cement Limited ₹72.34 L	Cement & Cement Products	0.02%
56	Axis Bank Limited ₹54.33 L	Banks	0.02%
57	Godrej Consumer Products Limited ₹73.51 L	Personal Products	0.02%
58	Shriram Finance Limited ₹43.88 L	Finance	0.01%
59	HDFC Asset Management Company Limited ₹42.57 L	Capital Markets	0.01%
60	Anthem Biosciences Limited ₹32.34 L	Pharmaceuticals & Biotechnology	0.01%
61	HDFC Bank Limited ₹29.55 L	Banks	0.01%
62	Infosys Limited ₹15.09 L	IT - Software	0.01%
63	Cholamandalam Investment and Finance Company Ltd ₹9.23 L	Finance	0.00%
64	Blue Star Limited ₹8.74 L	Consumer Durables	0.00%