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Budget Express 2026

co-presented by

  • LIC
  • JIO BlackRock

ASSOCIATE SPONSORS

  • Sunteck
  • SBI
  • Emirates
  • Dezerv

HDFC Mid Cap Fund - Growth

  • Regular
  • Direct
Category : Mid Cap Fund
Fund House : HDFC Mutual Fund
Portfolio Turnover Ratio : 10.86%. Category average turnover ratio is 253.73%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 92.88% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 92.88%
No of Stocks : 77 (Category Avg - 70.10) | Large Cap Investments : 12.67%| Mid Cap Investments : 48.56% | Small Cap Investments : 7.25% | Other : 24.4%

Portfolio Summary (as on 31st Dec,2025)

Particulars This Scheme Category
No. of Stocks 77 69.9
Top 5 Stock Weight 19.19% 17.41%
Top 10 Stock Weight 33.2% 30.62%
Top 3 Sector Weight 23.5% 21.14%
Category - Mid Cap Fund
Particulars This Scheme Category
Average mcap (Cr) 14663.54 14466.24
Holdings in large cap stocks 12.67% 9.49%
Holdings in mid cap stocks 48.56% 34.46%
Holdings in small cap stocks 7.25% 19.13%
Category - Mid Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Dec,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
Max Financial Services Ltd. Life insurance 43120.5 4.65% -0.11% 5.02% (Jun 2025) 3.77% (Feb 2025) 2.58 Cr 0.00
Au Small Finance Bank Ltd. Other bank 38985.5 4.21% 0.15% 4.21% (Dec 2025) 1.93% (Mar 2025) 3.92 Cr 0.00
Federal Bank Ltd. Private sector bank 34142.1 3.69% 0.11% 3.69% (Dec 2025) 2.91% (Sep 2025) 12.78 Cr 0.00
Indian Bank Public sector bank 30856.4 3.33% -0.15% 3.54% (Oct 2025) 2.73% (Jul 2025) 3.69 Cr 0.00
- Balkrishna Industries Ltd. Tyres & rubber products 30676.4 3.31% 0.00% 3.84% (Jul 2025) 2.76% (Jun 2025) 1.32 Cr 0.00
Hindustan Petroleum Corporation Ltd. Refineries & marketing 27712.7 2.99% 0.23% 2.99% (Dec 2025) 2.41% (Feb 2025) 5.55 Cr 0.00
Coforge Ltd. Computers - software & consulting 25977.1 2.80% -0.43% 3.44% (Jun 2025) 2.8% (Dec 2025) 1.56 Cr 0.00
Glenmark Pharmaceuticals Ltd. Pharmaceuticals 25717 2.78% 0.11% 3.07% (Jul 2025) 1.58% (Jan 2025) 1.26 Cr 0.00
Ipca Laboratories Ltd. Pharmaceuticals 25427.2 2.74% -0.07% 3.27% (Mar 2025) 2.52% (Oct 2025) 1.79 Cr 73.44 k
Mahindra & Mahindra Financial Services Ltd. Non banking financial company (nbfc) 24976.1 2.70% 0.20% 2.7% (Dec 2025) 1.8% (May 2025) 6.20 Cr 0.00
- indicates change in weight in the portfolio. # indicates a new entry.

Complete equity Portfolio (as on 31st Dec,2025)

Help me understand this table
Stock Invested in
Sector
Sector Total
Value(Mn)
% of Total Holdings
1M Change
1Y Highest Holding
1Y Lowest Holding
Quantity
1M Change in Qty
M-Cap
GroupName
Max Financial Services Ltd. Life insurance 4.65 43120.5 4.65% -0.11% 5.02% (Jun 2025) 3.77% (Feb 2025) 2.58 Cr 0.00 Mid Cap 48.56
Au Small Finance Bank Ltd. Other bank 4.21 38985.5 4.21% 0.15% 4.21% (Dec 2025) 1.93% (Mar 2025) 3.92 Cr 0.00 Mid Cap 48.56
Federal Bank Ltd. Private sector bank 6.49 34142.1 3.69% 0.11% 3.69% (Dec 2025) 2.91% (Sep 2025) 12.78 Cr 0.00 Mid Cap 48.56
Indian Bank Public sector bank 4.94 30856.4 3.33% -0.15% 3.54% (Oct 2025) 2.73% (Jul 2025) 3.69 Cr 0.00 Mid Cap 48.56
- Balkrishna Industries Ltd. Tyres & rubber products 5.95 30676.4 3.31% 0.00% 3.84% (Jul 2025) 2.76% (Jun 2025) 1.32 Cr 0.00 Mid Cap 48.56
Hindustan Petroleum Corporation Ltd. Refineries & marketing 2.99 27712.7 2.99% 0.23% 2.99% (Dec 2025) 2.41% (Feb 2025) 5.55 Cr 0.00 Large Cap 12.67
Coforge Ltd. Computers - software & consulting 7.63 25977.1 2.80% -0.43% 3.44% (Jun 2025) 2.8% (Dec 2025) 1.56 Cr 0.00 Other 24.4
Glenmark Pharmaceuticals Ltd. Pharmaceuticals 9.38 25717 2.78% 0.11% 3.07% (Jul 2025) 1.58% (Jan 2025) 1.26 Cr 0.00 Mid Cap 48.56
Ipca Laboratories Ltd. Pharmaceuticals 9.38 25427.2 2.74% -0.07% 3.27% (Mar 2025) 2.52% (Oct 2025) 1.79 Cr 73.44 k Other 24.4
Mahindra & Mahindra Financial Services Ltd. Non banking financial company (nbfc) 2.93 24976.1 2.70% 0.20% 2.7% (Dec 2025) 1.8% (May 2025) 6.20 Cr 0.00 Mid Cap 48.56
Fortis Healthcare Ltd. Hospital 2.66 24605.3 2.66% -0.12% 3.19% (Oct 2025) 2.21% (Jan 2025) 2.78 Cr 0.00 Other 24.4
Marico Ltd. Personal care 5.2 22086.4 2.38% 0.27% 2.38% (Dec 2025) 1.85% (Jan 2025) 2.94 Cr 23.00 L Large Cap 12.67
Vishal Mega Mart Ltd. Diversified retail 2.36 21854.1 2.36% 0.09% 2.71% (Aug 2025) 0.66% (Jan 2025) 16.03 Cr 59.24 L Other 24.4
Apollo Tyres Limited Tyres & rubber products 5.95 20946.1 2.26% -0.08% 2.64% (Apr 2025) 2.24% (Jun 2025) 4.19 Cr 0.00 Mid Cap 48.56
Persistent Systems Ltd. Computers - software & consulting 7.63 20934.8 2.26% -0.04% 2.95% (Jan 2025) 1.9% (Sep 2025) 33.38 L 0.00 Other 24.4
- Tata Communications Ltd. Telecom - cellular & fixed line services 2.2 20348.6 2.20% 0.00% 2.41% (Mar 2025) 2.08% (Aug 2025) 1.11 Cr 0.00 Mid Cap 48.56
Cummins India Ltd. Compressors, pumps & diesel engines 2.15 19946.8 2.15% -0.04% 2.19% (Nov 2025) 1.17% (Apr 2025) 44.98 L 0.00 Mid Cap 48.56
Aurobindo Pharma Ltd. Pharmaceuticals 9.38 15786.8 1.70% -0.08% 2.19% (Apr 2025) 1.65% (Aug 2025) 1.33 Cr 0.00 Large Cap 12.67
Jindal Steel Ltd. Iron & steel products 1.67 15490.9 1.67% -0.03% 1.94% (Feb 2025) 1.65% (Jan 2025) 1.47 Cr -2.94 L Mid Cap 48.56
- Union Bank Of India Public sector bank 4.94 14897.2 1.61% 0.00% 1.78% (May 2025) 1.46% (Aug 2025) 9.69 Cr 0.00 Mid Cap 48.56
AIA Engineering Ltd. Castings & forgings 2.46 13371.2 1.44% 0.05% 1.77% (Jan 2025) 1.21% (Oct 2025) 33.28 L 0.00 Mid Cap 48.56
Bosch Ltd. Auto components & equipments 3.34 13346.3 1.44% -0.01% 1.74% (Jul 2025) 0.46% (Jan 2025) 3.70 L 0.00 Large Cap 12.67
- PB Fintech Ltd. Financial technology (fintech) 1.4 12987.1 1.40% 0.00% 1.67% (Jan 2025) 1.4% (Nov 2025) 71.14 L 0.00 Other 24.4
Mphasis Ltd. Computers - software & consulting 7.63 12375.2 1.34% -0.01% 1.4% (Aug 2025) 1.12% (Feb 2025) 44.34 L 0.00 Mid Cap 48.56
Dabur India Ltd. Personal care 5.2 12214.7 1.32% -0.04% 1.4% (Sep 2025) 0.2% (Jan 2025) 2.43 Cr 0.00 Large Cap 12.67
Delhivery Ltd. Logistics solution provider 1.32 12252.7 1.32% -0.08% 1.71% (Aug 2025) 0.9% (Mar 2025) 3.03 Cr 0.00 Other 24.4
Hexaware Technologies Ltd. Computers - software & consulting 7.63 11373 1.23% 0.01% 1.47% (May 2025) 0% (Jan 2025) 1.49 Cr 0.00 Other 24.4
Indian Hotels Company Limited Hotels & resorts 1.16 10761 1.16% -0.08% 3.77% (Feb 2025) 1.16% (Dec 2025) 1.46 Cr -8.06 L Mid Cap 48.56
- Coromandel International Ltd. Fertilizers 1.14 10545.3 1.14% 0.00% 1.23% (Jul 2025) 0.26% (Jan 2025) 46.53 L 2.39 L Mid Cap 48.56
Karur Vysya Bank Ltd Private sector bank 6.49 10474.6 1.13% 0.06% 1.13% (Dec 2025) 0.92% (May 2025) 3.97 Cr 0.00 Small Cap 7.25
Gland Pharma Ltd. Pharmaceuticals 9.38 10091.2 1.09% -0.03% 1.39% (Jul 2025) 1.04% (Apr 2025) 58.60 L 0.00 Other 24.4
Eternal Ltd. E-retail/ e-commerce 1.08 9996 1.08% -0.09% 1.38% (Sep 2025) 0.57% (Jan 2025) 3.60 Cr 0.00 Other 24.4
Alkem Laboratories Ltd. Pharmaceuticals 9.38 9928.1 1.07% -0.04% 1.11% (Nov 2025) 0% (Jan 2025) 18.03 L 0.00 Mid Cap 48.56
Indraprastha Gas Ltd. Lpg/cng/png/lng supplier 1.07 9950.7 1.07% -0.04% 1.42% (Feb 2025) 1.07% (Dec 2025) 5.11 Cr 0.00 Mid Cap 48.56
Redington Ltd. Trading & distributors 1.04 9658 1.04% -0.04% 1.37% (Jun 2025) 0.99% (Jan 2025) 3.55 Cr 0.00 Small Cap 7.25
Bharat Forge Ltd. Castings & forgings 2.46 9463.7 1.02% 0.02% 1.02% (Dec 2025) 0.66% (Jan 2025) 64.36 L 0.00 Mid Cap 48.56
Star Health and Allied Insurance Co Ltd. General insurance 1.29 9374.5 1.01% -0.08% 1.23% (May 2025) 0.92% (Mar 2025) 2.06 Cr 0.00 Other 24.4
Escorts Ltd. Tractors 0.95 8844.1 0.95% -0.03% 0.99% (Oct 2025) 0.6% (Jan 2025) 23.78 L 9.27 k Small Cap 7.25
- Nippon Life India Asset Management Ltd. Asset management company 0.94 8739.5 0.94% 0.00% 1.02% (Sep 2025) 0.75% (Feb 2025) 99.35 L 0.00 Mid Cap 48.56
Godrej Consumer Products Ltd Personal care 5.2 8306.1 0.90% 0.06% 0.9% (Dec 2025) 0.65% (Jun 2025) 67.96 L 0.00 Large Cap 12.67
Associated Cement Companies Ltd. Cement & cement products 0.89 8247 0.89% -0.06% 1.27% (Jan 2025) 0.89% (Dec 2025) 47.46 L 0.00 Mid Cap 48.56
- Indusind Bank Ltd. Private sector bank 6.49 7973.1 0.86% 0.00% 1.35% (Feb 2025) 0.8% (Sep 2025) 92.26 L 0.00 Large Cap 12.67
City Union Bank Ltd. Private sector bank 6.49 7532.3 0.81% 0.04% 0.81% (Dec 2025) 0.56% (Mar 2025) 2.59 Cr -1.50 L Mid Cap 48.56
Crompton Greaves Consumer Electricals Ltd. Household appliances 0.78 7256.5 0.78% -0.05% 1.4% (Mar 2025) 0.78% (Dec 2025) 2.88 Cr 0.00 Mid Cap 48.56
- Sundram Fasteners Ltd. Auto components & equipments 3.34 6740 0.73% 0.00% 1.13% (Jan 2025) 0.73% (Nov 2025) 72.11 L 0.00 Mid Cap 48.56
KEC International Ltd. Heavy electrical equipment 0.72 6665 0.72% 0.05% 1.03% (Jan 2025) 0.67% (Nov 2025) 90.32 L 0.00 Small Cap 7.25
Timken India Ltd. Abrasives & bearings 1.18 6587.7 0.71% -0.04% 0.84% (Jun 2025) 0.61% (Jan 2025) 21.94 L 0.00 Small Cap 7.25
Dixon Technologies (India) Ltd. Consumer electronics 1.19 6223.9 0.67% -0.14% 1.13% (Apr 2025) 0.67% (Dec 2025) 5.14 L 0.00 Other 24.4
SKF India (Industrial) Ltd. Auto components & equipments 3.34 6119.7 0.66% -0.03% 0.71% (Oct 2025) 0% (Jan 2025) 23.53 L 0.00 Other 24.4
United Spirits Ltd. Breweries & distilleries 0.62 5735.3 0.62% -0.01% 0.64% (Oct 2025) 0.44% (Jun 2025) 39.73 L 0.00 Large Cap 12.67
Supreme Industries Ltd. Plastic products - industrial 0.6 5559 0.60% -0.01% 0.89% (Aug 2025) 0.6% (Dec 2025) 16.58 L 0.00 Mid Cap 48.56
Gujarat Fluorochemicals Ltd. Specialty chemicals 0.86 5083.7 0.55% 0.03% 0.77% (Mar 2025) 0.52% (Nov 2025) 13.87 L 0.00 Other 24.4
Sona BLW Precision Forgings Ltd. Auto components & equipments 3.34 4714.5 0.51% -0.04% 0.57% (Feb 2025) 0.38% (Sep 2025) 98.34 L 0.00 Other 24.4
SKF India Ltd. Abrasives & bearings 1.18 4355.7 0.47% -0.02% 1.39% (May 2025) 0.47% (Dec 2025) 23.53 L 0.00 Small Cap 7.25
Cholamandalam Financial Holdings Ltd. Investment company 0.49 4105.5 0.44% -0.01% 0.58% (Jun 2025) 0.44% (Dec 2025) 22.65 L 0.00 Small Cap 7.25
Emami Ltd. Personal care 5.2 3921.9 0.42% -0.01% 0.62% (Apr 2025) 0.42% (Dec 2025) 74.19 L 0.00 Mid Cap 48.56
- Ceat Ltd. Tyres & rubber products 5.95 3480.8 0.38% 0.00% 0.6% (May 2025) 0.34% (Aug 2025) 9.13 L 0.00 Small Cap 7.25
- Vesuvius India Ltd. Electrodes & refractories 0.38 3538.7 0.38% 0.00% 0.55% (May 2025) 0.38% (Nov 2025) 73.63 L 0.00 Other 24.4
- Symphony Ltd. Consumer electronics 1.19 3273.5 0.35% 0.00% 0.61% (Jan 2025) 0.35% (Nov 2025) 37.12 L 0.00 Small Cap 7.25
- Vardhman Textiles Ltd. Other textile products 0.34 3183 0.34% 0.00% 0.46% (Jan 2025) 0.34% (Nov 2025) 72.74 L 0.00 Other 24.4
Greenlam Industries Ltd. Plywood boards/ laminates 0.61 2980.6 0.32% -0.09% 0.6% (Jan 2025) 0.32% (Dec 2025) 1.23 Cr -0.26 Cr Other 24.4
Aarti Industries Ltd. Specialty chemicals 0.86 2890.7 0.31% -0.01% 0.48% (Jan 2025) 0.31% (Dec 2025) 77.31 L 0.00 Mid Cap 48.56
Arvind Ltd. Garments & apparels 0.28 2584.5 0.28% -0.03% 0.41% (Feb 2025) 0.28% (Dec 2025) 81.52 L 0.00 Small Cap 7.25
- ICICI Lombard General Insurance Co Ltd. General insurance 1.29 2582.7 0.28% 0.00% 0.3% (Jul 2025) 0% (Jan 2025) 13.16 L 0.00 Large Cap 12.67
Oracle Financial Services Software Limited Software products 0.28 2618.6 0.28% -0.02% 0.42% (Jan 2025) 0.28% (Dec 2025) 3.41 L 0.00 Mid Cap 48.56
Bharti Hexacom Ltd. Telecom - equipment & accessories 0.27 2487.4 0.27% 0.01% 0.32% (Jun 2025) 0.25% (Jan 2025) 13.65 L 0.00 Other 24.4
Navneet Education Ltd. Printing & publication 0.24 2258.4 0.24% -0.01% 0.32% (Feb 2025) 0.24% (Dec 2025) 1.57 Cr 0.00 Small Cap 7.25
Five-Star Business Finance Ltd. Non banking financial company (nbfc) 2.93 2104.8 0.23% -0.02% 0.43% (Feb 2025) 0.23% (Dec 2025) 38.59 L 0.00 Other 24.4
KNR Constructions Civil construction 0.19 1722.8 0.19% 0.01% 0.93% (Jan 2025) 0.18% (Nov 2025) 1.06 Cr 0.00 Small Cap 7.25
Colgate - Palmolive (India) Limited Personal care 5.2 1664.7 0.18% -0.01% 0.45% (Apr 2025) 0.18% (Dec 2025) 8.02 L 0.00 Large Cap 12.67
- Billionbrains Garage Ventures Ltd. Stockbroking & allied 0.17 1585 0.17% 0.00% 0.17% (Nov 2025) 0% (Jan 2025) 1.01 Cr 0.00 Other 24.4
LG Electronics India Pvt. Ltd. Consumer electronics 1.19 1528.8 0.17% -0.01% 0.19% (Oct 2025) 0% (Jan 2025) 10.05 L 0.00 Other 24.4
Greenply Industries Ltd. Plywood boards/ laminates 0.61 1454.9 0.16% -0.01% 0.22% (May 2025) 0.16% (Dec 2025) 54.21 L 0.00 Small Cap 7.25
Dhanuka Agritech Ltd. Pesticides & agrochemicals 0.13 1228.3 0.13% -0.01% 0.24% (Jul 2025) 0.13% (Dec 2025) 10.41 L 0.00 Small Cap 7.25
Greenpanel Industries Ltd. Plywood boards/ laminates 0.61 1182.2 0.13% -0.01% 0.24% (Jan 2025) 0.13% (Dec 2025) 51.59 L 0.00 Other 24.4
- Jagran Prakashan Ltd. Print media 0.06 545.8 0.06% 0.00% 0.11% (Jan 2025) 0.06% (Nov 2025) 76.26 L 0.00 Small Cap 7.25
# ICICI Prudential Asset Management Co. Ltd. Investment company 0.49 431.7 0.05% 0.05% 0.05% (Dec 2025) 0% (Jan 2025) 1.62 L 1.62 L Other 24.4
- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
# Reverse Repo Other 5025.3 0.54% 0.54% 0% (Jan 2026) 0% (Jan 2026) 0.00 0
# ICICI Prudential Asset Management Co. Ltd. Investment company 431.7 0.05% 0.05% 0.05% (Dec 2025) 0% (Jan 2025) 1.62 L 162220

Stocks removed from Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock Dec 2025 Nov 2025 Oct 2025 Sep 2025 Aug 2025 Jul 2025 Jun 2025 May 2025 Apr 2025 Mar 2025 Feb 2025 Jan 2025 Dec 2024
Max Financial Services Ltd. 4.65% 4.76% 4.46% 4.76% 4.94% 4.59% 5.02% 4.81% 4.45% 4.04% 3.77% 3.86% 3.54%
Balkrishna Industries Ltd. 3.31% 3.31% 3.37% 3.54% 3.59% 3.84% 2.76% 2.94% 3.34% 3.22% 3.53% 3.31% 3.05%
Federal Bank Ltd. 3.69% 3.58% 3.38% 2.91% 2.95% 3.09% 3.24% 3.24% 3.36% 3.39% 3.36% 3.26% 3.25%
Coforge Ltd. 2.80% 3.23% 3.11% 2.93% 3.20% 3.17% 3.44% 3.22% 2.93% 3.36% 3.27% 3.38% 3.72%
Ipca Laboratories Ltd. 2.74% 2.81% 2.52% 2.80% 2.94% 3.07% 2.80% 2.91% 3.01% 3.27% 3.17% 3.11% 3.44%
Indian Bank 3.33% 3.48% 3.54% 3.26% 2.90% 2.73% 2.82% 2.85% 2.78% 2.75% 2.79% 2.77% 2.49%
Au Small Finance Bank Ltd. 4.21% 4.06% 3.70% 3.16% 3.04% 3.05% 2.97% 2.56% 2.58% 1.93% 2.18% 2.02% 1.32%
Hindustan Petroleum Corporation Ltd. 2.99% 2.76% 2.96% 2.90% 2.51% 2.77% 2.89% 2.86% 2.81% 2.76% 2.41% 2.69% 2.80%
Fortis Healthcare Ltd. 2.66% 2.78% 3.19% 3.18% 2.96% 2.65% 2.41% 2.26% 2.33% 2.45% 2.31% 2.21% 2.28%
Indian Hotels Company Limited 1.16% 1.24% 1.40% 1.43% 1.54% 1.49% 1.94% 2.38% 3.31% 3.69% 3.77% 3.70% 4.41%
Persistent Systems Ltd. 2.26% 2.30% 2.21% 1.90% 2.13% 2.05% 2.40% 2.36% 2.37% 2.73% 2.82% 2.95% 2.98%
Apollo Tyres Limited 2.26% 2.34% 2.35% 2.33% 2.33% 2.25% 2.24% 2.47% 2.64% 2.46% 2.32% 2.49% 2.84%
Tata Communications Ltd. 2.20% 2.20% 2.34% 2.12% 2.08% 2.28% 2.23% 2.33% 2.36% 2.41% 2.22% 2.39% 2.30%
Glenmark Pharmaceuticals Ltd. 2.78% 2.67% 2.67% 2.87% 2.87% 3.07% 2.21% 1.60% 1.62% 1.86% 1.65% 1.58% 1.62%
Jindal Steel Ltd. 1.67% 1.70% 1.82% 1.92% 3.48% - - - - - - - -
Jindal Steel & Power Ltd. - - - - - 1.76% 1.71% 1.82% 1.83% 1.92% 1.94% 1.65% 1.79%
Name Type of Instrument Weight (%)
TREPS TREPS 6.60%
Reverse Repo Reverse Repo 0.54%
Net Receivables Net Receivables -0.02%
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