# HDFC Mutual Fund's Top Stock Holdings in June Portfolio HDFC Bank, RIL and Eternal among fund's top 10 equity investments - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-18 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/f6159f7e-d060-4f1e-b355-a552ff2d10f9 ## HDFC Fund's Asset Size HDFC Mutual Fund, India's third largest asset management company, reached Rs 9.63 lakh crore (approx. $115 billion) in assets under management as of June 2026. According to Motilal Oswal Financial Services' report, the fund's top 10 stock holdings have been disclosed. ## Banking Sector Dominance ICICI Bank leads the portfolio with 5.9% allocation, followed by HDFC Bank (5.4%) and Axis Bank (3.4%). Despite selling 221,200 ICICI Bank, 135,400 HDFC Bank and 206,500 Axis Bank shares, the weights of ICICI and HDFC increased while Axis Bank remained unchanged. ## Reliance Industries Adjustment Reliance Industries (RIL) holds 2.9% in the portfolio, with a 0.1% weight decrease compared to previous month. RIL shares maintain significant position due to its energy and telecom operations. ## State Bank of India's Position State Bank of India (SBI) holds 2.7% in the portfolio. Despite selling 51,800 shares, SBI's weight increased by 0.1%, reflecting fund managers' confidence in the banking sector. ## Diverse Sector Holdings Bharti Airtel (2.6%), Kotak Mahindra Bank (2.3%) and L&T (2%) are other significant investments. While each saw 0.1% weight decrease, the diversification across telecom, banking and construction sectors is notable. ## Recent Portfolio Changes Eternal (1.8%) and Maruti Suzuki (1.7%) were other key June investments. While 1.99 crore Eternal shares were added, 100,000 Maruti Suzuki shares were sold, showing dynamic adjustment strategy across automotive and other sectors. ## Sources covering this story - https://economictimes.indiatimes.com/mf/analysis/hdfc-bank-ril-and-eternal-among-top-10-stock-holdings-of-hdfc-mutual-fund-in-june/slideshow/132477188.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._