What Indian mutual funds really hold
Fund factsheets show one fund at a time. These reports read all of them together, from every fund house's monthly disclosure, to answer questions no single factsheet can. Each one is dated and says exactly which data it uses.
- 2 October 2026
What Indian mutual funds bought and sold in August 2026
LIC was added by 52 more funds after the government's ₹31,552 crore sale. August's IPOs entered portfolios within days, and three of the largest exits were mergers, not sales.
Read the analysis - 2 October 2026
What India's mutual funds actually own
52,255 positions from 868 schemes, read stock by stock. Ten companies hold 29% of the money, half of all schemes own ICICI Bank, and 28 stocks are owned by every fund house.
Read the analysis - 2 October 2026
In most Indian equity funds, the biggest bet is one of two banks
ICICI Bank is the largest holding in 53 of 135 diversified funds and HDFC Bank in 25. Index weights are almost level, so the tilt towards ICICI Bank is the managers' choice.
Read the analysis - 2 October 2026
Same portfolio, different price: India's look-alike index funds
260 index funds and ETFs fall into 53 groups with near-identical portfolios. Twenty hold the Nifty 50, at expense ratios from 0.04% to 0.56% a year.
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Every month: what funds bought and sold is tracked in Smart Money. How the data behind all of this is collected and checked, including its known gaps, is in our methodology.