Fund manager · HDFC

Chirag Setalvad

Head - Equities at HDFC. Runs 6 schemes worth ₹1,61,313 Cr.

Fund house
HDFCThey run their schemes at HDFC.
AUM they run
₹1,61,313 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.
Schemes
6 now · 2 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Sept 2024.
Experience
29 yearsCollectively over 29 years of experience, of which 20 years in Fund Management and Equity Research and 4 years in investment banking.

What Chirag Setalvad's schemes hold^{(Sept 2012 – Sept 2026)}

What Chirag Setalvad's schemes hold in Sept 2026. Tick up to 2 to plot them.
Plot	206 companies ·	₹ Cr
	Federal Bank	4,716
	AU Small Finance Bank Limited	4,015
	Indian Bank	3,751
	Max Financial Services Limited	3,685
	IPCA Laboratories Limited	3,639
	Glenmark Pharmaceuticals	3,130
	Balkrishna Industries Limited	3,100
	Fortis Healthcare Limited	2,826
	Coforge Limited	2,732
	Vishal Mega Mart Limited	2,731
	Aster DM Healthcare Limited	2,553
	Marico	2,411
	Aurobindo Pharma	2,231
	Hindustan Petroleum Corp Ltd	2,200
	United Spirits	2,196
	Mahindra Mahindra Financial Services Ltd	2,148
	Cummins India	1,856
	Alkem Laboratories Limited	1,848
	Tata Communications	1,846
	Gland Pharma Limited	1,825
	Persistent Systems	1,815
	Jindal Steel and Power Limited	1,748
	Redington India	1,736
	Apollo Tyres	1,695
	Dabur India Ltd	1,695
	Godrej Consumer Products	1,673
	Eternal Limited	1,646
	MphasiS	1,579
	Firstsource Solutions Limited	1,551
	Union Bank of India	1,539
	Bosch	1,471
	eClerx Services Limited	1,455
	City Union Bank	1,378
	Delhivery Limited	1,366
	AIA Engineering	1,313
	ICICI Bank	1,278
	KARUR VYSA BANK LTD	1,273
	Gabriel India Limited	1,259
	Bharat Forge	1,240
	Coromandel International	1,209
	Timken India	1,197
	HDFC Bank	1,189
	Star Health Allied Insurance	1,142
	PB Fintech Limited	1,118
	ICICI Lombard General Insurance Co	1,096
	Bank of Baroda	1,080
	IndusInd Bank	1,064
	Nippon Life Asset Management Limited	1,063
	Indian Hotels Co	1,028
	SKF India Industrial Limited	995

Federal Bank
AU Small Finance Bank Limit…

Market value of each ticked company across the schemes Chirag Setalvad runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	Federal Bank	AU Small Finance Bank Limited
Sept 2025	₹2,867 Cr	₹2,685 Cr
Oct 2025	₹3,516 Cr	₹3,310 Cr
Nov 2025	₹3,832 Cr	₹3,745 Cr
Dec 2025	₹3,969 Cr	₹3,899 Cr
Jan 2026	₹4,276 Cr	₹3,861 Cr
Feb 2026	₹4,455 Cr	₹3,766 Cr
Mar 2026	₹3,854 Cr	₹3,312 Cr
Apr 2026	₹4,264 Cr	₹4,022 Cr
May 2026	₹4,293 Cr	₹3,908 Cr
Jun 2026	₹4,904 Cr	₹4,116 Cr
Jul 2026	₹5,332 Cr	₹4,162 Cr
Aug 2026	₹5,300 Cr	₹4,316 Cr
Sept 2026	₹4,716 Cr	₹4,015 Cr

Fig. 1.Market value of each ticked company across the schemes Chirag Setalvad runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of AUM
Large Cap	35	13.36

Mid Cap	45	43.75

Small Cap	121	32.42

Unlisted	4	0.045

Other equity	1	0.22

Cash & others		10.20

Sectors

Companies

Fig. 2.What the schemes this manager runs hold, all together, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

What Chirag Setalvad bought and sold^{(Oct 2025 – Sept 2026)}

What Chirag Setalvad bought and sold. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.