Fund manager · HDFC

Ihab Dalwai

Senior Fund Manager – at HDFC. Runs 5 schemes worth ₹1,38,013 Cr.

Fund house
HDFCBefore: ICICI until Jun 2026.
AUM they run
₹1,38,013 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
5 now · 5 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Sept 2024.
Experience
14 yearsOver 14 years of experience

What Ihab Dalwai's schemes hold^{(Jun 2017 – Sept 2026)}

What Ihab Dalwai's schemes hold in Sept 2026. Tick up to 2 to plot them.
Plot	226 companies ·	₹ Cr
	ICICI Bank	6,915
	HDFC Bank	6,307
	Reliance Industries	4,887
	State Bank of India	4,035
	Bharti Airtel Limited	3,720
	Axis Bank	3,534
	Larsen and Toubro	3,108
	Kotak Mahindra Bank Limited	2,505
	NTPC	2,448
	Eternal Limited	2,153
	MARUTI SUZUKI INDA LIMITED	1,995
	Infosys	1,963
	Coal India	1,819
	Sun Pharmaceutical Ind Ltd	1,816
	Interglobe Aviation Limited	1,581
	ITC	1,402
	Tata Consultancy Services	1,400
	Divi s Laboratories Limited	1,361
	HCL Technologies	1,292
	LIC of India Ltd	1,201
	Lupin	1,190
	SBI Life Insurance Co Ltd	1,142
	Hyundai Motor India Limited	1,111
	Embassy Office Parks Reit	885
	Mahindra and Mahindra Limited	858
	GAIL India	837
	Tata Steel Limited	768
	Brookfield India Real Estate Trust	725
	Hindustan Petroleum Corp Ltd	705
	Bank of Baroda	692
	Apar Industries Limited	661
	Bharat Petroleum Corp Ltd	659
	Bajaj Auto	612
	Jsw Infrastructure Limited	606
	Power Finance Corporation	602
	IndusInd Bank	586
	Cholamandalam DBS Finance	580
	UltraTech Cement Limited	571
	Alkem Laboratories Limited	516
	Rec Limited	508
	Britannia Industries	508
	Jindal Steel and Power Limited	503
	United Spirits	501
	AU Small Finance Bank Limited	495
	IPCA Laboratories Limited	481
	Dynamatic Technologies Limited	473
	Hindustan Aeronautics Limited	459
	Aurobindo Pharma	452
	Canara HSBC Life Insurance Co Ltd	442
	HDFC Life Insurance Co Ltd	436

ICICI Bank
HDFC Bank

Market value of each ticked company across the schemes Ihab Dalwai runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	ICICI Bank	HDFC Bank
Sept 2025	₹5,657 Cr	₹4,612 Cr
Oct 2025	₹6,116 Cr	₹5,028 Cr
Nov 2025	₹7,440 Cr	₹5,798 Cr
Dec 2025	₹7,194 Cr	₹5,782 Cr
Jan 2026	₹7,196 Cr	₹6,675 Cr
Feb 2026	₹7,011 Cr	₹6,802 Cr
Mar 2026	₹6,087 Cr	₹7,076 Cr
Apr 2026	₹6,378 Cr	₹8,390 Cr
May 2026	₹6,258 Cr	₹10,059 Cr
Jun 2026	₹6,258 Cr	₹10,059 Cr
Jul 2026	₹6,258 Cr	₹10,059 Cr
Aug 2026	₹0 Cr	₹0 Cr
Sept 2026	₹6,915 Cr	₹6,307 Cr

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

Allocation^{(Sept 2026)}

Market cap

		% of AUM
Large Cap	64	50.11

Mid Cap	50	8.63

Small Cap	104	10.20

REIT / InvIT	3	0.30

Unlisted	4	0.14

Other equity	1	0.56

Cash & others		30.07

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 Ihab Dalwai bought and sold^{(Oct 2025 – Sept 2026)}

What Ihab Dalwai 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.