# Jefferies removes HDFC Bank, PB Fintech from India portfolio

2026-08-07T08:50:28+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Jefferies has removed HDFC Bank and PB Fintech from its India long-only portfolio, replacing them with MCX and Lenskart Solutions. Bajaj Finance takes the place of REC, while Eternal's allocation rises by one percentage point, funded by a reduction in Bharti Airtel, as per the foreign brokerage's latest GREED & Fear note. The changes come as Jefferies sees an improving India outlook, citing bank credit growth at 17, 18 per cent year-on-year, the fastest in over a decade, along with returning foreign equity inflows and RBI measures supporting the rupee. Christopher Wood, Jefferies' global head of equity strategy, said domestic lending acceleration is a key positive signal. The brokerage expects policy-driven inflows to reach $80, 100 billion by September 30.

## Coverage

- businesstoday.in <https://www.businesstoday.in/markets/stocks/story/hdfc-bank-pb-fintech-shares-removed-from-jefferies-long-only-portfolio-mcx-lenskart-in-547874-2026-08-07?utm_source=rssfeed>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/jefferies-sees-brighter-india-outlook-as-credit-capital-flows-ramp-up-removes-hdfc-bank-in-portfolio-revamp/article71316584.ece>

Tags: foreign inflows, HDFC Bank, Indian stocks, Jefferies, MCX
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