Reports

What fund managers bought in March 2026

Holdings: August 2026 · Returns updated 13 Sep 2026

How we calculate this

Month-end holdings disclosures for active-equity funds. We count share-quantity adds and cuts, not portfolio weight. Cash, TREPS, ETFs, fund units and derivatives are dropped. Funds with no prior-month book (a first disclosure) are excluded from month-on-month counts so the whole book is not treated as "bought." 12 funds were excluded this month.

Funds covered
508
Fund houses
43 of 48 (90%)
Net equity buying
−95,976.37₹ cr

Excludes 12 funds with no prior month, so totals differ slightly from Adds & cuts.

Where the money went

Funds put +2,617 ₹ cr into Bharti Airtel Limited, the largest net buy.

Where the money left

Funds took −10,257 ₹ cr out of HDFC Bank Limited, the largest net sell.

New names

26 funds added Sedemac Mechatronics Limited, a name that was not in any active-equity book last month.

Full exits

35 funds fully exited Bharti Airtel Limited Partly Paid.

Sector rotation

Telecom - Services saw the largest net inflow (+2,406 ₹ cr); Banks the largest outflow (−30,428 ₹ cr).

  • Telecom - Services
    +2,405.64
  • Consumable Fuels
    +1,363.46
  • IT - Software
    +615.89
  • Diversified Metals
    +349.87
  • Power
    +345.26
  • Banks
    −30,428.39
  • Automobiles
    −9,428.7
  • Unclassified
    −6,873.62
  • Construction
    −5,415
  • Finance
    −5,036.42

Fund house bets

HDFC Mutual Fund made its biggest buy in Reliance Industries Limited (+1,717 ₹ cr).

HDFC Mutual Fund
SellHDFC Bank Limited −1,327.79
SBI Mutual Fund
ICICI Prudential Mutual Fund
BuyBharti Airtel Limited +1,332.52
SellLarsen & Toubro Limited −1,530.8
Nippon India Mutual Fund
BuyBharti Airtel Limited +435.31
SellState Bank of India −1,241.75
Kotak Mahindra Mutual Fund
Axis Mutual Fund
BuyAxis Bank Limited +779.46
SellHDFC Bank Limited −1,955.09
Mirae Asset Mutual Fund
SellHDFC Bank Limited −1,573.91
PPFAS Mutual Fund
BuyCoal India Limited +924.5
Aditya Birla Sun Life Mutual Fund
BuyL&T Finance Limited +224.02
SellHDFC Bank Limited −561.23
DSP Mutual Fund
BuyBharti Airtel Limited +183.12
SellState Bank of India −456.49
Canara Robeco Mutual Fund
BuyInfosys Limited +179.29
Invesco Mutual Fund