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HDFC Bank crashes 9% in one day. Which mutual funds have highest exposure to this stock in February

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HDFC Bank crashes 9% in one day. Which mutual funds have highest exposure to this stock in February
The shares of HDFC Bank crashed nearly 9% on Thursday to hit the day’s low of Rs 770 on NSE amid leadership concerns after part-time Chairman and independent director Atanu Chakraborty stepped down, stating that he observed certain practices at the company over the last two years that did not align with his personal values and ethics.

In his resignation letter, Chakraborty said that certain developments and practices within the bank over the past two years did not align with his personal values and ethics. “This is the basis of my aforementioned decision,” he wrote.

As of February 27, 2026, mutual funds held nearly 359 crore shares of this stock, with a market value of Rs 3.19 lakh crore, in their portfolios before this crash. Around 25 AMCs had over 1 crore shares and, among these, 10 AMCs had over 10 crore shares.

Also Read | Mutual funds bet big on healthcare, outpace BSE 200 exposure. Should you join in?

SBI Mutual Fund had the highest allocation in HDFC Bank, with 79.47 crore shares in its portfolio in February. ICICI Prudential Mutual Fund and HDFC Mutual Fund had 51.91 crore and 38.82 crore shares, respectively.

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PPFAS Mutual Fund had 12.40 crore shares of HDFC Bank in its portfolio, with a market value of Rs 11,009 crore. Edelweiss Mutual Fund and Quant Mutual Fund had 2.97 crore and 2.62 crore shares, respectively.
WhiteOak Capital Mutual Fund had 1.64 crore shares in its portfolio in February. Samir Arora-led Helio Mutual Fund had 41.29 lakh shares of this stock in its portfolio.JioBlackRock Mutual Fund, a new entrant in the mutual fund industry, had 31.72 lakh shares of this stock in its portfolio, with a market value of Rs 281 crore. Sunil Singhania-led Abakkus Mutual Fund had 18 lakh shares of HDFC Bank, followed by Quantum Mutual Fund, which had 15.29 lakh shares in its portfolio.

iSIF by ICICI Prudential Mutual Fund had 10.56 lakh shares of HDFC Bank in its portfolio, followed by Magnum SIF by SBI Mutual Fund, which had 10.2 lakh shares.

Altiva SIF and Diviniti SIF had 2.79 lakh and 2.49 lakh shares, respectively, of HDFC Bank. Arudha SIF had 5,500 shares of this stock.

QSIF and Titanium SIF exited this stock in February by selling 6.27 lakh shares and 1.45 lakh shares, respectively.

As of January 31, 2026, mutual funds held 351 crore shares of HDFC Bank in their portfolios and added 7.90 crore shares on a monthly basis.

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We considered all mutual funds that had exposure to this stock. Note: ETFs invest in stocks that are part of the underlying index.

Also Read | Gold, silver ETFs fall up to 6% after Fed’s hawkish signal. Is it time to buy the dip?

Chakraborty joined HDFC Bank’s board in May 2021. He previously served as Secretary in the Ministry of Finance, was an alternate governor on the World Bank Board, and also chaired the National Infrastructure Investment Fund. He is a Gujarat cadre IAS officer.

Keki Mistry, meanwhile, has been appointed as an interim part-time Chairman for a period of three months, as approved by the RBI.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Coffee and ground beef prices surge most in 2 years, report finds

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Coffee and ground beef prices surge most in 2 years, report finds

Americans are facing a tale of two grocery lists.

While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are seeing sharp increases that wipe out any savings in the bread aisle.

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Fourteen of the 25 most common grocery store staples rose in price from February 2024 to February 2026, with the top five largest increases coming from coffee (+55%), lettuce (+39%), ground beef (+31%), sirloin steak (+21%) and orange juice (+15%), according to a new report from CouponFollow that analyzed Consumer Price Index (CPI) data from the past two years.

Coffee was the fastest-rising staple in the study, with a pound of ground roast costing $6.09 in 2024 compared to $9.46 in 2026. Going back to 2020, coffee prices have reportedly increased 123%.

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Ground beef has hit $6.74 per pound, a 31% increase from 2024 and 74% above pre-pandemic levels.

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Customers shop for ground beef at grocery store

Customers shop for beef at a grocery store on April 6, 2026, in Los Angeles, California. (Getty Images)

With ground beef prices in mind, CouponFollow ran a “taco night test,” tracking specific meal scenarios to show how inflation affects consumers. A family of four is paying nearly $25 just for basic taco ingredients, compared to just $17.50 six years ago.

If you can live on eggs and toast, your bill might be lower than it was two years ago, with egg prices decreasing the most (-17%), followed by white bread (-8%), spaghetti (-8%) and butter (-7%).

Still, the report warns that “the items still climbing are rising fast enough to offset those declines.”

“Grocery inflation isn’t going away overnight, but small changes to how and where you shop can add up fast. Paying attention to which categories are rising and which are cooling, stocking up on pantry staples when prices dip, and being flexible with pricier proteins are all easy ways to stretch your grocery budget a little further,” CouponFollow notes. “Stacking those habits with coupons and deals can make an even bigger dent in your weekly bill.”

Economic experts have also recently cautioned that high oil prices due to the Iran war are pushing gasoline prices higher, and that could lead to grocery bills rising for American consumers.

The increase in oil, gas and diesel prices raises transportation costs for businesses, including grocery stores, which may face pressure to raise food prices and other items if the situation continues.

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“Every time something moves in the economy, it will cost more,” said Derek Reisfield, co-founder of MarketWatch and a former McKinsey consultant. “Someone, usually the end consumer, will have to pay for that.”

Gregory Daco, chief economist at EY-Parthenon, previously told FOX Business: “For U.S. consumers, what this means is that while there is currently a price shock at the pump being felt directly by consumers, there’s still uncertainty as to how long this shock will last.”

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FOX Business’ Eric Revell contributed to this report.

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SigmaRoc executives acquire shares through employee plan

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SigmaRoc executives acquire shares through employee plan

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Flowers Foods chief supply chain officer retiring

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Flowers Foods chief supply chain officer retiring

Search for successor to Tom Winters gets underway.

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Rainbow Rare Earths Limited 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:RBWRF) 2026-04-09

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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U.S. Money Markets: Slow Calm To Steady State

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U.S. Money Markets: Slow Calm To Steady State

U.S. Money Markets: Slow Calm To Steady State

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Epam Systems stock hits 52-week low at $125.53

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Epam Systems stock hits 52-week low at $125.53

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BlackBerry earnings up next: All eyes on FY27 revenue outlook

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BlackBerry earnings up next: All eyes on FY27 revenue outlook

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The U.S. Tariff Shock In 2025 Vs. 2026 – Same Negative Impact, Different Drivers

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The U.S. Tariff Shock In 2025 Vs. 2026 - Same Negative Impact, Different Drivers

The U.S. Tariff Shock In 2025 Vs. 2026 – Same Negative Impact, Different Drivers

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Main Roads buys $59m Naval Base sites

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Main Roads buys $59m Naval Base sites

The two purchases in Naval Base are part of Main Roads’ plans to make way for the state’s $7.2 billion Westport project.

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American Airlines raises checked bag fees, trims economy perks amid soaring fuel prices

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American Airlines raises checked bag fees, trims economy perks amid soaring fuel prices


American Airlines raises checked bag fees, trims economy perks amid soaring fuel prices

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