Fund houses moved in
Fund houses that held none last month and hold it now · only fund houses that disclosed both months
Insights · Jan 2023
Crowding, liquidity and how actively funds trade
Where mutual funds own a large part of a company, where their holding would take many days of trading to sell, which companies fund houses newly moved into, and which funds trade the most and the least.
Data periodHoldings monthJan 2023NSE prices25 Sep 2026Size listAMFI, six months to Dec 2025Data status →
Fund houses moved out
Fund houses that held it last month and none now · only fund houses that disclosed both months
Newly listed companies, merger months and bonus or split months are left out, so every entry is a fund house choosing to buy or sell out. Fund houses count once however many of their schemes hold the company.
Where mutual funds own the most
Estimated share of the company’s shares held by all funds disclosed · held by 5+ fund houses
| Company | Sector | Size | Owned by funds | Bought or sold, same schemes | Fund houses | Days of trading |
|---|
When funds own a large part of a company, their buying and selling can move its price, and many of them may want to sell at the same time. The share is an estimate: company shares come from AMFI’s six-month average NSE market value divided by the average NSE price, adjusted for later bonuses and splits. It counts the fund houses that disclosed that month, so it rises when more of them disclose; the change column counts only schemes that disclosed in both months.
Hardest to exit
Value funds hold ÷ the company’s average NSE traded value per day, over three months · held by 3+ fund houses
| Company | Size | Days of trading | Funds hold | Traded a day (NSE) | Owned by funds | Fund houses |
|---|---|---|---|---|---|---|
| ZF Commercial Vehicle Control Systems India LimitedAutomobile and Auto Components | Small Cap | 516 | ₹2,105 Cr | ₹4.08 Cr | — | 11 |
| Sheela Foam LimitedConsumer Durables | Small Cap | 482 | ₹1,586 Cr | ₹3.29 Cr | — | 5 |
| Dodla Dairy LimitedNot classified | Small Cap | 408 | ₹410 Cr | ₹1.01 Cr | — | 4 |
| Hatsun Agro Product LimitedNot classified | Small Cap | 393 | ₹1,586 Cr | ₹4.04 Cr | — | 6 |
| Ratnamani Metals & Tubes LimitedCapital Goods | Small Cap | 383 | ₹1,525 Cr | ₹3.98 Cr | — | 8 |
| G R Infraprojects LimitedNot classified | Small Cap | 381 | ₹1,269 Cr | ₹3.33 Cr | — | 7 |
| Procter & Gamble Hygiene and Health Care LimitedNot classified | Mid Cap | 357 | ₹2,969 Cr | ₹8.32 Cr | — | 11 |
| Ahluwalia Contracts (India) LimitedConstruction | Small Cap | 343 | ₹857 Cr | ₹2.50 Cr | — | 7 |
| Carborundum Universal LimitedCapital Goods | Small Cap | 295 | ₹3,405 Cr | ₹11.54 Cr | — | 14 |
| Sundaram Finance LimitedFinancial Services | Mid Cap | 289 | ₹1,963 Cr | ₹6.80 Cr | — | 10 |
| Cholamandalam Financial Holdings LimitedFinancial Services | Mid Cap | 276 | ₹1,718 Cr | ₹6.22 Cr | — | 10 |
| Emami LimitedFast Moving Consumer Goods | Small Cap | 275 | ₹2,733 Cr | ₹9.92 Cr | — | 12 |
| Shoppers Stop LimitedNot classified | Small Cap | 216 | ₹1,181 Cr | ₹5.46 Cr | — | 7 |
| Blue Star LimitedConsumer Durables | Mid Cap | 205 | ₹1,799 Cr | ₹8.75 Cr | — | 12 |
| Esab India LimitedNot classified | Small Cap | 199 | ₹615 Cr | ₹3.09 Cr | — | 4 |
| Brigade Enterprises LimitedRealty | Small Cap | 198 | ₹1,877 Cr | ₹9.48 Cr | — | 11 |
| ICRA LimitedNot classified | Small Cap | 194 | ₹721 Cr | ₹3.72 Cr | — | 3 |
| Endurance Technologies LimitedAutomobile and Auto Components | Mid Cap | 191 | ₹1,174 Cr | ₹6.15 Cr | — | 10 |
| Vesuvius India LimitedNot classified | Small Cap | 183 | ₹492 Cr | ₹2.69 Cr | — | 3 |
| TVS Holdings LimitedNot classified | Small Cap | 181 | ₹771 Cr | ₹4.25 Cr | — | 4 |
“Days of trading” is how many average days of all NSE trading in the stock the funds’ holding equals. Selling it without moving the price would take several times longer, since funds are only part of each day’s trading. BSE trading is not counted, so true liquidity is somewhat higher.
How actively funds trade
Twelve-month turnover of each active equity fund’s disclosed Indian shares: the lesser of what it bought and sold, divided by its average equity — SEBI’s definition, estimated from month-end disclosures.
Busiest traders
Active funds with ₹1,000 Cr+ of disclosed equity
- SBI Quant FundSBI · 10 months178.8%
- HSBC Multi Asset Allocation FundHSBC · 12 months174.9%
- HSBC Large & Mid Cap FundHSBC · 12 months154.2%
- Motilal Oswal Active Momentum FundMotilal Oswal · 7 months147.5%
- Bajaj Finserv Large Cap FundBajaj Finserv · 12 months147.0%
- LIC MF LARGE & MID CAP FUNDLIC · 11 months137.9%
- HSBC Equity Savings FundHSBC · 12 months135.8%
- LIC MF FLEXI CAP FUNDLIC · 11 months129.5%
- Bandhan Large & Mid Cap FundBandhan · 12 months128.1%
- HSBC Midcap FundHSBC · 12 months127.7%
- Bajaj Finserv Balanced Advantage FundBajaj Finserv · 12 months121.0%
- Bajaj Finserv Flexi Cap FundBajaj Finserv · 12 months115.8%
Most patient
Active funds with ₹1,000 Cr+ of disclosed equity
- Axis Services Opportunities FundAxis · 10 months2.5%
- Old Bridge Focused FundOld Bridge · 7 months2.9%
- TATA SMALL CAP FUNDTata · 12 months7.0%
- Parag Parikh Flexi Cap FundPPFAS · 12 months7.6%
- TATA INFRASTRUCTURE FUNDTata · 12 months11.0%
- DSP Small Cap FundDSP · 12 months11.2%
- SBI Contra FundSBI · 10 months11.2%
- CANARA ROBECO ELSS - TAX SAVER FUNDCanara Robeco · 12 months11.8%
- Abakkus Flexi Cap FundAbakkus · 6 months11.9%
- UTI - Unit Linked Insurance PlanUTI · 12 months11.9%
- UTI - Flexi Cap FundUTI · 12 months12.4%
- UTI - Transportation and Logistics FundUTI · 12 months12.6%
Fund houses, most active first
Value-weighted across each fund house’s active funds with a 12-month figure
| Fund house | 12-month turnover | Funds counted | Their disclosed equity |
|---|---|---|---|
| Bajaj Finserv Mutual Fund | 105.2% | 11 | ₹18,228 Cr |
| NJ Mutual Fund | 92.7% | 3 | ₹6,106 Cr |
| Union Mutual Fund | 87.6% | 16 | ₹14,790 Cr |
| LIC Mutual Fund | 84.5% | 21 | ₹14,798 Cr |
| 360 ONE Mutual Fund | 67.3% | 5 | ₹9,936 Cr |
| HSBC Mutual Fund | 66.1% | 18 | ₹93,205 Cr |
| Bandhan Mutual Fund | 65.5% | 19 | ₹94,245 Cr |
| Bank of India Mutual Fund | 65.5% | 11 | ₹7,106 Cr |
| Sundaram Mutual Fund | 52.9% | 20 | ₹55,279 Cr |
| PGIM India Mutual Fund | 43.9% | 13 | ₹22,011 Cr |
| Motilal Oswal Mutual Fund | 43.5% | 14 | ₹82,265 Cr |
| Axis Mutual Fund | 42.6% | 12 | ₹1.04 lakh Cr |
| Invesco Mutual Fund | 42.3% | 12 | ₹34,685 Cr |
| SBI Mutual Fund | 36.0% | 30 | ₹2.83 lakh Cr |
| DSP Mutual Fund | 35.5% | 17 | ₹1.11 lakh Cr |
| Tata Mutual Fund | 34.0% | 20 | ₹68,544 Cr |
| UTI Mutual Fund | 33.9% | 26 | ₹1.09 lakh Cr |
| Aditya Birla Sun Life Mutual Fund | 33.2% | 23 | ₹93,433 Cr |
| Helios Mutual Fund | 31.7% | 6 | ₹14,309 Cr |
| Nippon India Mutual Fund | 30.2% | 15 | ₹2.51 lakh Cr |
| Canara Robeco Mutual Fund | 28.7% | 15 | ₹1.07 lakh Cr |
| Abakkus Mutual Fund | 11.9% | 1 | ₹6,939 Cr |
| PPFAS Mutual Fund | 7.8% | 4 | ₹1.09 lakh Cr |
Index funds, ETFs, arbitrage funds and fund of funds are left out of these lists (by name). Month-end snapshots miss buying and selling within a month, so real turnover is higher; these figures compare funds on the same basis. Fund houses with only a few months of disclosures here have no 12-month figure. Method →