The June 2025 portfolio of HDFC Flexi Cap Fund is out, and it reflects a dynamic shift in holdings across several sectors and companies. The fund has made aggressive fresh entries into some companies, exited several positions entirely, and adjusted many others. Notably, cash holdings in the fund now stand at 10.38%, indicating a relatively cautious approach amid the current market conditions.
Two companies — Sundram Fasteners Ltd. and Hindalco Industries Ltd. — have seen a full-fledged entry into the portfolio. Sundram Fasteners entered with 22.58 lakh shares, and Hindalco with 60 lakh shares, both marking a 100% increase from zero holdings in May.
Among notable additions to existing holdings, Bank of Baroda’s stake rose by 33.54%, going from 32 lakh to over 42.7 lakh shares. Tata Consultancy Services saw a 33.33% jump, with holdings increasing from 11.25 lakh to 15 lakh shares. FSN E-Commerce Ventures Ltd. (Nykaa) saw its holding jump by 22.46%, and State Bank of India also registered a modest addition of 6.67%.
Meanwhile, companies like Nuvoco Vistas Corporation Ltd., Hyundai Motor India Ltd., and Power Grid Corporation of India Ltd. saw increases of 15.76%, 12.5%, and 11.11% respectively. Pharmaceutical major Lupin had a small boost of 11.11% in its shareholding too.
Oil and Natural Gas Corporation Ltd. (ONGC) holdings were increased by 8%, while JK Lakshmi Cement Ltd. and Havells India Ltd. saw increases of 6.67% and 5.26%, respectively. ICICI Bank Ltd., one of the top 5 holdings of the fund, saw a 3.33% increase in holdings.
Modest increases were also observed in Piramal Pharma Ltd. (3.78%), ESCORTS Kubota Ltd. (2.86%), and JSW Steel Ltd. (2.27%). SBI Life Insurance Company Ltd., another major holding, had its position slightly increased by 1.92%.
A minimal change was seen in Varroc Engineering Ltd., where holdings were raised by only 0.27%.
However, there were some reductions as well. Holdings in Birlasoft Ltd. decreased marginally by 1.6%. United Spirits Ltd. saw a cut of 3.41%, and Bharti Airtel Ltd. dropped by 4.35%.
More noticeable reductions came in the form of a 12.5% decrease in Swiggy Ltd., down from 8 lakh shares in May to 7 lakh in June. Ramco Cements Ltd. saw a 26% reduction, while holdings in Delhivery Ltd. dropped by 27.5%.
Complete exits were made in several companies. HDFC Flexi Cap Fund completely offloaded its positions in Tech Mahindra Ltd. (13.1 lakh shares), ITC Ltd. (40 lakh shares), and Prestige Estates Projects Ltd. (1.17 lakh shares), marking a 100% reduction.
The fund’s current top holdings include ICICI Bank, HDFC Bank, Axis Bank, SBI Life Insurance, and Kotak Mahindra Bank. These form the core of the portfolio and continue to represent the fund’s long-term conviction in the Indian banking and financial services sector.
Overall, HDFC Flexi Cap Fund's latest reshuffling suggests a measured optimism — with fresh entries and strategic exits — while maintaining a significant liquidity buffer through over 10% cash holdings.
Disclaimer:
This article is for informational purposes only and should not be considered as investment advice. Please consult a certified financial advisor before making any investment decisions. The data used in this article is sourced from the June 2025 portfolio disclosures of HDFC Flexi Cap Fund and may be subject to change.
