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HDFC Flexi Cap Fund, the second-largest in its category with over Rs 75,000 crore in net assets, has made some notable moves in the last six months. From ramping up stakes in lesser-known names to trimming exposure in a few, the fund’s portfolio has seen an active churn in recent months.
For investors keeping tabs on where the smart money is headed — or simply curious about what one of India’s most widely followed equity funds is betting on — here are the five stocks that saw the biggest allocation jump.
Top 5 stocks HDFC Flexi Cap Fund bought the most
1. Varroc Engineering
Allocation jumped from 2.29 per cent to 4.85 per cent between November 2024 and May 2025. For your information, the company currently has a two-star Value Research Stock Rating. To know its Quality, Growth, Valuation and Momentum score, you can head over to this page.
2. Cyient
Increased from 1.17 per cent to 3.61 per cent. Value Research Stock Rating: 3 stars. To know its Quality, Growth, Valuation and Momentum score, you can head over to this page.
3. JK Lakshmi Cement
Allocation grew from 2.13 per cent to 3.40 per cent. Value Research Stock Rating: 4 stars. To know its Quality, Growth, Valuation and Momentum score, you can head over to this page.
4. NUVOCO Vistas Corp
Weight rose from 1.94 per cent to 3.09 per cent. Value Research Stock Rating: 3 stars. To know its Quality, Growth, Valuation and Momentum score, you can head over to this page.
5. Bank of Baroda
Moved up from 0.14 per cent to 0.62 per cent. Value Research Stock Rating: 4 stars. To know its Quality, Growth, Valuation and Momentum score, you can head over to this page.
The fund has also made some fresh entries
- Havells India: 0.61 per cent exposure built in April and May
- NCC: 0.25 per exposure made in January
- ONGC: 0.2 per exposure built between February and May
- Swiggy: 0.32 per cent exposure in May alone
You can get the Value Research Stock Rating by visiting the Stock Screener.
The fund also trimmed its exposures during this period. Some of the most prominent ones are as below:
- Prestige Estates Projects: Reduced from 1.06 per cent to 0.27 per cent.
- Apollo Hospitals Enterprise: Cut from 1.20 per cent to 0.61 per cent.
- Tech Mahindra: Dropped from 0.44 per cent to 0.13 per cent.
The last word
Names from the manufacturing, engineering and PSU banking space are clearly in favour, a possible sign of value hunting in an expensive market.
Want to track such portfolio changes regularly? And is HDFC Flexi Cap Fund, which has delivered a stellar 30.5 per cent annualised returns in the last five years, part of our ‘Buy’ list? Head to Value Research Fund Advisor to get your answers.
Also read: Why Motilal Oswal's large-cap fund has given 14.5% alpha
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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