INCOME TAX3 Sept 2026
HDFC Bank fell 26% in the last 1 year while SBI gained: Which mutual funds are betting big on the top 5 lenders?
India's top five banks delivered very different one-year returns. HDFC Bank fell 26%, SBI rose 26%, Axis gained 20%, Kotak added 7%, ICICI stayed nearly flat. For mutual fund investors, this means stock selection matters. Some banking funds hold a big chunk of HDFC Bank, so their performance can lag others. Check your fund's top holdings to understand what you own.
Key Statutory Highlights
- Over the past year, HDFC Bank fell 26% while SBI gained 26%; Axis Bank rose 20%, Kotak Bank gained 7%, and ICICI Bank was nearly flat with a 2% return.
- Among actively managed sector funds, UTI Banking & Financial Services had the highest exposure to HDFC Bank at 17.28%, and Taurus Banking & Financial Services had the highest ICICI Bank allocation at 17.22%.
- Fund performance can differ sharply because fund managers own different banks in different proportions, so a stock's drop or gain affects each fund differently.
Actionable Advice for Taxpayers / Founders:Before choosing a banking mutual fund, compare its top stock holdings — a heavy bet on one bank can make your returns swing sharply.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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