HDFC Bank Dives 5%: Mutual Funds with Highest Exposure Face Pressure

• HDFC Bank stock crashed over 8% on March 19 after part-time chairman Atanu Chakraborty resigned citing "personal values and ethics."
• Several mutual fund schemes, including index funds, ETFs, and actively managed funds, have significant exposure to HDFC Bank.
• Baroda BNP Paribas NIFTY Bank ETF has the highest exposure at 19.83%, followed by Axis Nifty Bank Index Fund and Axis NIFTY Bank ETF.
• Actively managed funds like Mirae Asset ELSS Tax Saver Fund (9.71%) and Mirae Asset Large Cap Fund (9.54%) also have high allocations.
• HDFC Bank CFO Srinivasan Vaidyanathan reassured stakeholders, emphasizing strong leadership alignment and future tech differentiation.