What stocks does HSBC Value Fund hold?

HSBC Value 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 Value Fund?

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

What category is HSBC Value Fund?

HSBC Value Fund is classified as a Value/Contra mutual fund under SEBI's mutual fund categorisation framework.

How often is HSBC Value Fund portfolio data updated?

Portfolio holdings for HSBC Value 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 Value Fund - Direct Growth

Value/Contra Data as of Oct 2026 Comparing Sep 2026 → Oct 2026

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Stocks Held

Oct 2026

Equity Holdings

₹14,121.62 Cr

Equity only, excl. debt & cash

AAUM

₹14,736.02 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

19.9%

Diversified

Top 10 Weight

32.5%

Diversified

Changes

1 new · 1 exits

Top Sector

Banks

27.5% of portfolio

Launch Date

16 Nov 2009

10+ year track record

AAUM (Average Assets Under Management) of ₹14,736.02 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 Value Fund made 1 new addition and exited 1 stock this month. The biggest new buy was Zydus Lifesciences Limited (Pharmaceuticals & Biotechnology) at 1.07% weight. PNC Infratech Limited was the biggest exit (Construction), which was held at 0.20%. Among existing holdings, Axis Bank Limited saw the biggest increase — now at 1.94% of the portfolio. Hero MotoCorp Limited was trimmed the most, now at 1.42%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 27.5%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · HSBC Value Fund - Direct Growth

+4.14%

-0.22%

+4.58%

+2.55%

Latest NAV

₹130.20

13 Nov 2026

52W High

₹131.41

-1% from High

52W Low

₹114.15

+14% from Low

Calendar Year Returns

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

2025

+8.0%

2024

+27.1%

2023

+40.7%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

23.2%

+ve in 94% windows

68.6% / -4.6%

3Y Rolling Avg

21.2% p.a.

+ve in 100% windows

25.7% / 13.2%

Crisis Period Behaviour

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

2024–25 Tariff

-19.6%

Rec: Jun 2025 (6 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

Risk Ratios

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

Sharpe Ratio (3Y)

0.51

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.69

Penalises downside volatility only.

Std Deviation (3Y)

16.1%

Lower = more consistent returns.

NAV Chart ₹130.20 13 Nov 2026

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

HSBC Value Fund - Direct Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹130.20

Sector Shift Industry allocation month-over-month

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	24.5%	24.7%	▲ +0.2%
Finance	7.9%	7.6%	▼ -0.3%
Textiles & Apparels	6.6%	7.1%	▲ +0.5%
Industrial Products	5.6%	6.1%	▲ +0.5%
Automobiles	4.5%	4.3%	▼ -0.1%
Construction	4.3%	4.0%	▼ -0.4%
Petroleum Products	3.8%	3.7%	● -0.1%
IT - Software	3.7%	3.6%	▼ -0.2%
Agricultural Food & other Products	3.3%	3.3%	● 0.0%
Ferrous Metals	2.5%	3.1%	▲ +0.6%

Sep 2026 → Oct 2026

Sector	Prev	Curr ▼	Delta
Banks	24.7%	27.5%	▲ +2.9%
Finance	7.6%	6.9%	▼ -0.6%
Textiles & Apparels	7.1%	6.9%	▼ -0.2%
IT - Software	3.6%	5.2%	▲ +1.6%
Industrial Products	6.1%	5.1%	▼ -1.0%
Construction	4.0%	3.7%	▼ -0.3%
Automobiles	4.3%	3.6%	▼ -0.7%
Petroleum Products	3.7%	3.2%	▼ -0.5%
Agricultural Food & other Products	3.3%	3.0%	▼ -0.3%
Capital Markets	3.0%	3.0%	● +0.0%

🟢

Biggest New Buy

Zydus Lifesciences Limited

1.07% weight · Pharmaceuticals & Biotechnology

🔴

Biggest Exit

PNC Infratech Limited

0.20% was held · Construction

↑

Biggest Add

Axis Bank Limited

+0.76% · now 1.94%

↓

Biggest Trim

Hero MotoCorp Limited

-0.67% · now 1.42%

🤝 Other funds also bought this month

Zydus Lifesciences Limited 38 funds

👋 Other funds also exited

PNC Infratech Limited 2 funds

What Changed in the Portfolio This Month?

Comparing Sep 2026 → Oct 2026

Sep 2026 → Oct 2026

🟢 1 New Entry 🔴 1 Exit ↑ 27 Increased ↓ 55 Decreased

#	Stock	Sector	Weight (Oct 2026)
1	Zydus Lifesciences Limited ₹153.50 Cr	Pharmaceuticals & Biotechnology	1.07%

#	Stock	Sector	Last Weight (Sep 2026)
1	PNC Infratech Limited ₹29.81 Cr	Construction	0.20%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Axis Bank Limited ₹277.05 Cr	Banks	1.18%	1.94%	+0.76%
2	Tech Mahindra Limited ₹376.59 Cr	IT - Software	1.95%	2.63%	+0.68%
3	HCL Technologies Limited ₹163.17 Cr	IT - Software	0.48%	1.14%	+0.66%
4	Kotak Mahindra Bank Limited ₹202.79 Cr	Banks	0.81%	1.42%	+0.61%
5	ITC Limited ₹139.62 Cr	Diversified FMCG	0.46%	0.98%	+0.52%
6	Karur Vysya Bank Limited ₹562.54 Cr	Banks	3.50%	3.93%	+0.43%
7	West Coast Paper Mills Ltd. ₹72.93 Cr	Paper, Forest & Jute Products	0.09%	0.51%	+0.42%
8	ICICI Bank Limited ₹620.11 Cr	Banks	4.00%	4.34%	+0.34%
9	The Federal Bank Limited ₹493.62 Cr	Banks	3.15%	3.45%	+0.30%
10	United Spirits Limited ₹175.95 Cr	Beverages	0.96%	1.23%	+0.27%
11	Trent Limited ₹202.46 Cr	Retailing	1.20%	1.42%	+0.22%
12	Infosys Limited ₹147.08 Cr	IT - Software	0.84%	1.03%	+0.19%
13	Bharti Airtel Limited ₹204.80 Cr	Telecom - Services	1.24%	1.43%	+0.19%
14	Indian Bank ₹295.89 Cr	Banks	1.88%	2.07%	+0.19%
15	Punjab National Bank ₹194.45 Cr	Banks	1.22%	1.36%	+0.14%
16	Larsen & Toubro Limited ₹317.36 Cr	Construction	2.10%	2.22%	+0.12%
17	State Bank of India ₹442.29 Cr	Banks	3.01%	3.09%	+0.08%
18	Wipro Limited ₹53.32 Cr	IT - Software	0.29%	0.37%	+0.08%
19	Angel One Limited ₹190.04 Cr	Capital Markets	1.26%	1.33%	+0.07%
20	K.P.R. Mill Limited ₹190.91 Cr	Textiles & Apparels	1.29%	1.33%	+0.04%
21	Can Fin Homes Limited ₹145.69 Cr	Finance	0.99%	1.02%	+0.03%
22	Bharat Bijlee Ltd. ₹40.01 Cr	Electrical Equipment	0.25%	0.28%	+0.03%
23	Hindustan Unilever Limited ₹151.98 Cr	Diversified FMCG	1.04%	1.06%	+0.02%
24	Oil India Limited ₹75.42 Cr	Oil	0.51%	0.53%	+0.02%
25	HDFC Bank Limited ₹726.60 Cr	Banks	5.07%	5.08%	+0.01%
26	Reliance Industries Limited ₹391.22 Cr	Petroleum Products	2.72%	2.73%	+0.01%
27	NTPC Limited ₹230.41 Cr	Power	1.60%	1.61%	+0.01%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Hero MotoCorp Limited ₹202.78 Cr	Automobiles	2.09%	1.42%	-0.67%
2	PARADEEP PHOSPHATES LIMITED ₹49.98 Cr	Fertilizers & Agrochemicals	1.00%	0.35%	-0.65%
3	GE Vernova T&D India Limited ₹73.83 Cr	Electrical Equipment	1.12%	0.52%	-0.60%
4	Finolex Cables Limited ₹341.95 Cr	Industrial Products	2.97%	2.39%	-0.58%
5	Hindustan Petroleum Corporation Limited ₹71.21 Cr	Petroleum Products	0.99%	0.50%	-0.49%
6	Shriram Finance Limited ₹256.23 Cr	Finance	2.09%	1.79%	-0.30%
7	Birla Corporation Limited ₹50.00 Cr	Cement & Cement Products	0.61%	0.35%	-0.26%
8	Coromandel International Limited ₹60.22 Cr	Fertilizers & Agrochemicals	0.67%	0.42%	-0.25%
9	Jindal Saw Limited ₹180.82 Cr	Industrial Products	1.50%	1.26%	-0.24%
10	Balrampur Chini Mills Limited ₹303.17 Cr	Agricultural Food & other Products	2.33%	2.12%	-0.21%
11	Mahindra & Mahindra Financial Services Limited ₹122.06 Cr	Finance	1.03%	0.85%	-0.18%
12	The Ramco Cements Limited ₹167.28 Cr	Cement & Cement Products	1.34%	1.17%	-0.17%
13	Jindal Stainless Limited ₹230.19 Cr	Ferrous Metals	1.74%	1.61%	-0.13%
14	Power Mech Projects Limited ₹152.51 Cr	Construction	1.20%	1.07%	-0.13%
15	Ratnamani Metals & Tubes Ltd. ₹123.24 Cr	Industrial Products	0.99%	0.86%	-0.13%
16	Thangamayil Jewellery Limited ₹143.60 Cr	Consumer Durables	1.11%	1.00%	-0.11%
17	Siemens Limited ₹112.24 Cr	Electrical Equipment	0.86%	0.78%	-0.08%
18	PNB Housing Finance Limited ₹377.08 Cr	Finance	2.72%	2.64%	-0.08%
19	Brigade Enterprises Limited ₹149.81 Cr	Realty	1.12%	1.05%	-0.07%
20	Time Technoplast Limited ₹82.58 Cr	Industrial Products	0.65%	0.58%	-0.07%
21	Pearl Global Industries Limited ₹205.69 Cr	Textiles & Apparels	1.51%	1.44%	-0.07%
22	Senores Pharmaceuticals Ltd ₹49.34 Cr	Pharmaceuticals & Biotechnology	0.41%	0.34%	-0.07%
23	Jindal Steel Limited ₹180.85 Cr	Ferrous Metals	1.32%	1.26%	-0.06%
24	Jubilant Foodworks Limited ₹145.17 Cr	Leisure Services	1.07%	1.01%	-0.06%
25	Housing & Urban Development Corporation Limited ₹64.26 Cr	Finance	0.51%	0.45%	-0.06%
26	Godfrey Phillips India Limited ₹102.71 Cr	Cigarettes & Tobacco Products	0.78%	0.72%	-0.06%
27	CCL Products (India) Limited ₹128.69 Cr	Agricultural Food & other Products	0.96%	0.90%	-0.06%
28	Vardhman Textiles Limited ₹131.31 Cr	Textiles & Apparels	0.98%	0.92%	-0.06%
29	Globus Spirits Limited ₹66.61 Cr	Beverages	0.53%	0.47%	-0.06%
30	Vedanta Aluminium Metal Limited ₹62.10 Cr	Metals & Minerals Trading	0.49%	0.43%	-0.06%
31	Aditya Birla Real Estate Limited ₹67.45 Cr	Paper, Forest & Jute Products	0.52%	0.47%	-0.05%
32	Sobha Limited ₹119.43 Cr	Realty	0.88%	0.83%	-0.05%
33	Oberoi Realty Limited ₹121.49 Cr	Realty	0.89%	0.85%	-0.04%
34	HDB Financial Services Limited ₹27.35 Cr	Finance	0.23%	0.19%	-0.04%
35	KNR Constructions Limited ₹31.52 Cr	Construction	0.26%	0.22%	-0.04%
36	VIP Industries Limited ₹38.78 Cr	Consumer Durables	0.31%	0.27%	-0.04%
37	Meghmani Finechem Limited ₹43.28 Cr	Chemicals & Petrochemicals	0.34%	0.30%	-0.04%
38	Maruti Suzuki India Limited ₹193.13 Cr	Automobiles	1.38%	1.35%	-0.03%
39	National Aluminium Company Limited ₹59.12 Cr	Non - Ferrous Metals	0.44%	0.41%	-0.03%
40	Page Industries Limited ₹119.41 Cr	Textiles & Apparels	0.86%	0.83%	-0.03%
41	Bayer Cropscience Limited ₹44.47 Cr	Fertilizers & Agrochemicals	0.34%	0.31%	-0.03%
42	Sapphire Foods India Limited ₹114.75 Cr	Leisure Services	0.83%	0.80%	-0.03%
43	Tata Motors Ltd ₹131.23 Cr	Agricultural, Commercial & Construction Vehicles	0.95%	0.92%	-0.03%
44	JK Lakshmi Cement Limited ₹18.99 Cr	Cement & Cement Products	0.16%	0.13%	-0.03%
45	Hindalco Industries Limited ₹100.86 Cr	Non - Ferrous Metals	0.73%	0.71%	-0.02%
46	Multi Commodity Exchange of India Limited ₹211.84 Cr	Capital Markets	1.50%	1.48%	-0.02%
47	Nippon Life India Asset Management Limited ₹23.89 Cr	Capital Markets	0.19%	0.17%	-0.02%
48	KEC International Limited ₹24.84 Cr	Construction	0.19%	0.17%	-0.02%
49	Welspun Living Limited ₹237.03 Cr	Textiles & Apparels	1.68%	1.66%	-0.02%
50	Shriram Pistons & Rings Limited ₹67.52 Cr	Auto Components	0.49%	0.47%	-0.02%
51	JK Paper Limited ₹63.03 Cr	Paper, Forest & Jute Products	0.46%	0.44%	-0.02%
52	Manipal Health Enterprises Ltd ₹67.58 Cr	Healthcare Services	0.49%	0.47%	-0.02%
53	Mahindra & Mahindra Limited ₹119.99 Cr	Automobiles	0.85%	0.84%	-0.01%
54	INDO COUNT INDUSTRIES LIMITED ₹103.23 Cr	Textiles & Apparels	0.73%	0.72%	-0.01%
55	Somany Ceramics Ltd ₹19.84 Cr	Consumer Durables	0.15%	0.14%	-0.01%

What Stocks Does This Fund Hold?

86 stocks — Oct 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹726.60 Cr	Banks	5.08%
2	ICICI Bank Limited ₹620.11 Cr	Banks	4.34%
3	Karur Vysya Bank Limited ₹562.54 Cr	Banks	3.93%
4	The Federal Bank Limited ₹493.62 Cr	Banks	3.45%
5	State Bank of India ₹442.29 Cr	Banks	3.09%
6	Reliance Industries Limited ₹391.22 Cr	Petroleum Products	2.73%
7	PNB Housing Finance Limited ₹377.08 Cr	Finance	2.64%
8	Tech Mahindra Limited ₹376.59 Cr	IT - Software	2.63%
9	Finolex Cables Limited ₹341.95 Cr	Industrial Products	2.39%
10	Larsen & Toubro Limited ₹317.36 Cr	Construction	2.22%
11	Balrampur Chini Mills Limited ₹303.17 Cr	Agricultural Food & other Products	2.12%
12	Indian Bank ₹295.89 Cr	Banks	2.07%
13	Axis Bank Limited ₹277.05 Cr	Banks	1.94%
14	Shriram Finance Limited ₹256.23 Cr	Finance	1.79%
15	Welspun Living Limited ₹237.03 Cr	Textiles & Apparels	1.66%
16	NTPC Limited ₹230.41 Cr	Power	1.61%
17	Jindal Stainless Limited ₹230.19 Cr	Ferrous Metals	1.61%
18	Multi Commodity Exchange of India Limited ₹211.84 Cr	Capital Markets	1.48%
19	Pearl Global Industries Limited ₹205.69 Cr	Textiles & Apparels	1.44%
20	Bharti Airtel Limited ₹204.80 Cr	Telecom - Services	1.43%
21	Hero MotoCorp Limited ₹202.78 Cr	Automobiles	1.42%
22	Trent Limited ₹202.46 Cr	Retailing	1.42%
23	Kotak Mahindra Bank Limited ₹202.79 Cr	Banks	1.42%
24	Punjab National Bank ₹194.45 Cr	Banks	1.36%
25	Maruti Suzuki India Limited ₹193.13 Cr	Automobiles	1.35%
26	K.P.R. Mill Limited ₹190.91 Cr	Textiles & Apparels	1.33%
27	Angel One Limited ₹190.04 Cr	Capital Markets	1.33%
28	Jindal Saw Limited ₹180.82 Cr	Industrial Products	1.26%
29	Jindal Steel Limited ₹180.85 Cr	Ferrous Metals	1.26%
30	United Spirits Limited ₹175.95 Cr	Beverages	1.23%
31	The Ramco Cements Limited ₹167.28 Cr	Cement & Cement Products	1.17%
32	HCL Technologies Limited ₹163.17 Cr	IT - Software	1.14%
33	Power Mech Projects Limited ₹152.51 Cr	Construction	1.07%
34	Zydus Lifesciences Limited ₹153.50 Cr	Pharmaceuticals & Biotechnology	1.07%
35	Hindustan Unilever Limited ₹151.98 Cr	Diversified FMCG	1.06%
36	Sun Pharmaceutical Industries Limited ₹151.46 Cr	Pharmaceuticals & Biotechnology	1.06%
37	Brigade Enterprises Limited ₹149.81 Cr	Realty	1.05%
38	Infosys Limited ₹147.08 Cr	IT - Software	1.03%
39	Can Fin Homes Limited ₹145.69 Cr	Finance	1.02%
40	Jubilant Foodworks Limited ₹145.17 Cr	Leisure Services	1.01%
41	Thangamayil Jewellery Limited ₹143.60 Cr	Consumer Durables	1.00%
42	ITC Limited ₹139.62 Cr	Diversified FMCG	0.98%
43	Tata Motors Ltd ₹131.23 Cr	Agricultural, Commercial & Construction Vehicles	0.92%
44	Vardhman Textiles Limited ₹131.31 Cr	Textiles & Apparels	0.92%
45	CCL Products (India) Limited ₹128.69 Cr	Agricultural Food & other Products	0.90%
46	Ratnamani Metals & Tubes Ltd. ₹123.24 Cr	Industrial Products	0.86%
47	Canara Bank ₹123.38 Cr	Banks	0.86%
48	Oberoi Realty Limited ₹121.49 Cr	Realty	0.85%
49	Mahindra & Mahindra Financial Services Limited ₹122.06 Cr	Finance	0.85%
50	Mahindra & Mahindra Limited ₹119.99 Cr	Automobiles	0.84%
51	Sobha Limited ₹119.43 Cr	Realty	0.83%
52	Page Industries Limited ₹119.41 Cr	Textiles & Apparels	0.83%
53	Sapphire Foods India Limited ₹114.75 Cr	Leisure Services	0.80%
54	Siemens Limited ₹112.24 Cr	Electrical Equipment	0.78%
55	Godfrey Phillips India Limited ₹102.71 Cr	Cigarettes & Tobacco Products	0.72%
56	INDO COUNT INDUSTRIES LIMITED ₹103.23 Cr	Textiles & Apparels	0.72%
57	Hindalco Industries Limited ₹100.86 Cr	Non - Ferrous Metals	0.71%
58	Time Technoplast Limited ₹82.58 Cr	Industrial Products	0.58%
59	Oil India Limited ₹75.42 Cr	Oil	0.53%
60	GE Vernova T&D India Limited ₹73.83 Cr	Electrical Equipment	0.52%
61	West Coast Paper Mills Ltd. ₹72.93 Cr	Paper, Forest & Jute Products	0.51%
62	Hindustan Petroleum Corporation Limited ₹71.21 Cr	Petroleum Products	0.50%
63	Shriram Pistons & Rings Limited ₹67.52 Cr	Auto Components	0.47%
64	Manipal Health Enterprises Ltd ₹67.58 Cr	Healthcare Services	0.47%
65	Globus Spirits Limited ₹66.61 Cr	Beverages	0.47%
66	Aditya Birla Real Estate Limited ₹67.45 Cr	Paper, Forest & Jute Products	0.47%
67	Housing & Urban Development Corporation Limited ₹64.26 Cr	Finance	0.45%
68	JK Paper Limited ₹63.03 Cr	Paper, Forest & Jute Products	0.44%
69	Vedanta Aluminium Metal Limited ₹62.10 Cr	Metals & Minerals Trading	0.43%
70	Coromandel International Limited ₹60.22 Cr	Fertilizers & Agrochemicals	0.42%
71	National Aluminium Company Limited ₹59.12 Cr	Non - Ferrous Metals	0.41%
72	Wipro Limited ₹53.32 Cr	IT - Software	0.37%
73	Eris Lifesciences Limited ₹51.44 Cr	Pharmaceuticals & Biotechnology	0.36%
74	PARADEEP PHOSPHATES LIMITED ₹49.98 Cr	Fertilizers & Agrochemicals	0.35%
75	Birla Corporation Limited ₹50.00 Cr	Cement & Cement Products	0.35%
76	Senores Pharmaceuticals Ltd ₹49.34 Cr	Pharmaceuticals & Biotechnology	0.34%
77	Bayer Cropscience Limited ₹44.47 Cr	Fertilizers & Agrochemicals	0.31%
78	Meghmani Finechem Limited ₹43.28 Cr	Chemicals & Petrochemicals	0.30%
79	Bharat Bijlee Ltd. ₹40.01 Cr	Electrical Equipment	0.28%
80	VIP Industries Limited ₹38.78 Cr	Consumer Durables	0.27%
81	KNR Constructions Limited ₹31.52 Cr	Construction	0.22%
82	HDB Financial Services Limited ₹27.35 Cr	Finance	0.19%
83	KEC International Limited ₹24.84 Cr	Construction	0.17%
84	Nippon Life India Asset Management Limited ₹23.89 Cr	Capital Markets	0.17%
85	Somany Ceramics Ltd ₹19.84 Cr	Consumer Durables	0.14%
86	JK Lakshmi Cement Limited ₹18.99 Cr	Cement & Cement Products	0.13%