HDFC Bank in fund portfolios
HDFC Bank is India's most widely held large private bank. Mutual funds are among its largest owners, and their portfolio disclosures show exactly which funds hold it and how much. From the latest monthly disclosures (mostly as of 30 September 2026), 626 of the 1,110 Direct Growth schemes with a disclosed portfolio hold it, with an average weight of 5.68% and a median of 4.96%. On our stock page it has a market value of about ₹10.7 lakh crore, a P/E of 13.1 and a P/B of 2.33. The full list is on the HDFC Bank stock page.
The ten biggest holders by weight
| Fund | Category | Weight in portfolio | Rank among its holdings |
|---|---|---|---|
| Groww Nifty Private Bank Index Fund | Index Funds | 20.85% | 2nd |
| UTI Nifty Private Bank Index Fund | Index Funds | 20.83% | 2nd |
| DSP Nifty Private Bank Index Fund | Index Funds | 20.82% | 2nd |
| ICICI Prudential Nifty Private Bank Index Fund | Index Funds | 20.79% | 2nd |
| Tata Nifty Financial Services Index Fund | Index Funds | 18.64% | 1st |
| Navi Nifty Bank Index Fund | Index Funds | 18.63% | 1st |
| Bandhan Nifty Bank Index Fund | Index Funds | 18.62% | 1st |
| SBI Nifty Bank Index Fund | Index Funds | 18.62% | 1st |
| Kotak Nifty Bank Index Fund | Index Funds | 18.62% | 1st |
| Motilal Oswal Nifty Bank Index Fund | Index Funds | 18.61% | 1st |
Groww Nifty Private Bank Index Fund puts the most into it, 20.85% of its portfolio. In 252 funds it is the single largest holding, in 515 it is in the top five, and in 555 the top ten.
Which categories hold it
| Category | Funds holding it | Funds in the category with a portfolio | Average weight | Highest weight |
|---|---|---|---|---|
| Index Funds | 105 | 275 | 9.16% | 20.85% |
| Sectoral/Thematic | 85 | 255 | 6.34% | 17.60% |
| ELSS | 40 | 50 | 5.84% | 10.38% |
| Arbitrage | 40 | 40 | 5.10% | 9.64% |
| Flexi Cap | 38 | 46 | 4.76% | 9.46% |
| Large Cap | 33 | 35 | 7.24% | 10.08% |
| Dynamic Asset Allocation or Balanced Advantage | 33 | 37 | 4.32% | 9.11% |
| Multi Asset Allocation | 33 | 37 | 3.47% | 6.86% |
| Aggressive Hybrid | 26 | 29 | 4.38% | 8.17% |
| Large & Mid Cap | 26 | 36 | 4.29% | 8.40% |
Index funds and large-cap funds hold it by rule or by size; the more telling numbers are in flexi-cap, multi-cap and hybrid funds, where holding it is a manager's choice.
Were funds adding or trimming?
Comparing the August 2026 and September 2026 disclosures, for the 682 fund families that held it in both: 259 held more shares, 135 held fewer, and 288 were unchanged or exited. This counts shares held, not rupees, so a price rise does not show up as buying.
Reading this
- A fund's weight in a stock is the manager's choice only up to a point: index funds hold what the index holds, and large-cap funds are limited in what else they can buy.
- Counting funds that hold a stock is not the same as measuring conviction. The weight, and its rank within the fund, say more.
- Disclosures are monthly and lag by a few weeks. A fund may have changed its holding since.
- This is a description of portfolios, not a recommendation to buy or sell the stock or any fund.
See also the stocks held by most mutual funds and how to read which funds hold a stock.
Source: fund houses' monthly portfolio disclosures (as of 30 September 2026 for most), Direct Growth schemes; stock figures from WealthTicker's stock data.
Frequently asked questions
How many mutual funds hold HDFC Bank?
626 Direct Growth schemes out of 1,110 with a disclosed portfolio, in the latest monthly disclosures (mostly 30 September 2026). The average weight is 5.68% and the median 4.96%.
Which mutual fund has the largest holding in HDFC Bank?
Groww Nifty Private Bank Index Fund, at 20.85% of its portfolio. For 252 funds it is the single largest holding.
Which fund categories hold HDFC Bank most?
Index funds lead by count (105 of 275 with a portfolio), at an average weight of 9.16%.
This is commentary on published data, not investment advice. WealthTicker is not a SEBI-registered adviser or distributor. Figures are WealthTicker’s own calculations from public data — AMFI’s fund NAVs and disclosures, NSE’s index and FII/DII files, and the fund houses’ monthly portfolios (how we calculate). They are as of the dates stated and can be revised by their source.
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