HDFC Mutual Fund’s April 2026 portfolio stayed heavily focused on banks, with ICICI Bank, HDFC Bank and Axis Bank among the top holdings. The fund also expanded exposure to Reliance Industries and Bharti Airtel, alongside increased allocation to Kotak Mahindra Bank and Eternal, signaling a cautious broadening beyond core financials.
In April, mutual funds leaned heavily toward banking and large-cap stocks, with HDFC Bank, ICICI Bank and State Bank of India appearing at the top of holdings across more than 700 schemes. The latest coverage also points to major corporate names like Bharti Airtel, Reliance Industries and Infosys among the stocks owned by around 600 funds, reflecting a clear risk and sector preference shift.
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SBI shares slid more than 3% on Monday and have now dropped 10% across two sessions, even after the bank reported a 6% year-on-year rise in Q4 standalone net profit to Rs 19,684 crore. Net interest income grew 4% and provisions fell sharply, but softer net interest margins after the March-quarter update dented sentiment.
IDFC First Bank’s Q4 FY26 showed modest profit growth of about 5%, with net interest income rising 16% to Rs 5,677 crore. The result was backed by faster loan and deposit growth and improving asset quality. Margins eased slightly, while provisions declined steadily. Even so, management expects deposits to keep building, though the stock has lagged longer-term performance.
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