HDFC Flexi Cap Mutual Fund has released its July 2025 portfolio update, showing significant shifts in its equity holdings compared to June. The latest data highlights major increases in select companies, reductions in others, and a complete exit from one key stock.
The most notable addition was in Swiggy Limited, where holdings jumped from 70,00,000 shares in June to 1,10,00,208 shares in July, marking a sharp rise of 57.15%. State Bank of India followed closely with a 43.33% increase, as holdings rose from 3,00,00,000 shares to 4,30,00,000 shares. Hindalco Industries also saw a substantial 36.67% increase, with the fund’s stake moving from 60,00,000 to 82,00,000 shares.
Infosys Limited recorded a rise of 30.44%, with holdings climbing from 1,36,00,000 shares to 1,77,33,000 shares, while HCL Technologies holdings grew 23.58%, from 12,30,000 to 15,20,000 shares. Sundram Fasteners saw a 19.76% jump, increasing from 22,58,707 to 27,05,000 shares. Nuvoco Vistas Corporation witnessed a 17.84% growth, with the fund holding 1,50,00,000 shares in July compared to 1,27,33,166 in June.
Lupin Limited’s holdings increased 16.67%, from 30,00,000 shares to 35,00,000 shares, while Oil & Natural Gas Corporation holdings rose 15%, from 1,00,00,000 to 1,15,00,000 shares. Bank of Baroda saw a 14.67% rise, moving from 4,27,31,250 shares to 4,90,00,000 shares.
In the auto sector, Eicher Motors’ stake increased by 11.11%, going from 27,00,000 shares to 30,00,000 shares. Cyient’s holdings were up 7.5%, from 20,00,000 shares to 21,50,000 shares. Varroc Engineering rose 7.43%, with holdings climbing from 74,38,894 shares to 79,91,590 shares. Power Grid Corporation of India saw a 5.84% increase, from 1,54,00,000 shares to 1,63,00,000 shares.
JSW Steel’s position rose by 5.19%, from 1,35,00,000 to 1,42,00,000 shares, while Cipla holdings were up 4.5%, from 2,00,00,000 to 2,09,00,000 shares. ICICI Bank saw a 3.92% increase, from 3,82,00,000 to 3,97,00,000 shares. Kotak Mahindra Bank rose by 3.03%, moving from 1,65,00,000 to 1,70,00,000 shares. Piramal Pharma holdings increased 2.96%, from 8,77,83,221 to 9,03,83,221 shares. Restaurant Brands Asia saw a 1.34% increase, from 3,05,83,333 to 3,10,00,000 shares.
On the reduction side, The Ramco Cements holdings dropped 5.41%, from 37,00,000 to 35,00,000 shares. Apollo Hospitals Enterprise witnessed a 5.71% cut, falling from 8,75,000 to 8,25,000 shares. Most notably, the fund completely exited Reliance Industries, reducing its holding from 10,00,000 shares in June to zero in July — a 100% decrease.
According to the update, the top five holdings in the HDFC Flexi Cap portfolio are ICICI Bank, HDFC, Axis Bank, SBI Life, and State Bank of India. The fund is also maintaining a cash holding of 8.99%.
The report did not list stocks where there was no change compared to June holdings. The July portfolio update reflects a strong focus on increasing stakes in banking, IT, and select industrial companies while trimming positions in cement, healthcare, and completely exiting one of India’s largest conglomerates.
Disclaimer:
This article is for informational purposes only and is based on publicly available data of HDFC Flexi Cap Mutual Fund’s July 2025 portfolio. It does not constitute investment advice or recommendations. Mutual fund investments are subject to market risks. Investors should consult their financial advisor before making any investment decisions.
