Auto stocks in mutual funds: 9.8% of equity money

The number

Equity mutual funds held ₹3,65,094 crore in Indian vehicle and auto-component companies on their latest portfolio disclosures. That was 9.84% of everything they held in shares, and 9.37% of their net assets.

It splits into three industries, as the AMCs label them:

Funds hold slightly more in the companies that make parts than in the ones that make vehicles. Auto Components and Automobiles are, on their own, the sixth and seventh largest industries in equity fund portfolios, after banks, pharma, non-bank finance, IT software and retailing.

The data is the AMCs' monthly portfolio disclosures, read for 585 schemes in SEBI's equity categories from 48 fund houses, one row per scheme. 579 are for 31 August 2026; Quantum's six equity schemes have already published for 30 September 2026. Index funds, ETFs and hybrids are not included, and nor are foreign companies. A holding's rupee value is its weight times the scheme's net assets. Each company takes the industry label most AMCs give it. 501 of the 585 schemes held at least one of these companies.

Which companies

Mahindra & Mahindra is the most widely held as well as the largest: 248 of the 585 schemes own it. Together with Maruti Suzuki it makes up 21.72% of the auto money; the ten above add up to 56.20%. That is less top-heavy than banks, where ICICI Bank and HDFC Bank alone are nearly 48% of the bank money.

Three of the ten make parts rather than vehicles: Samvardhana Motherson, Bharat Forge and Sona BLW. Ather Energy, which makes electric two-wheelers, is held by 104 schemes. Just outside the ten, Hyundai Motor India was ₹11,194 crore in 85 schemes and Bajaj Auto ₹9,595 crore in 116.

Tata Motors now appears as two companies. The AMCs file Tata Motors Ltd under commercial vehicles (the ₹14,309 crore above) and Tata Motors Passenger Vehicles under automobiles, at ₹4,944 crore in 62 schemes.

Where the weight sits

Category holdings as a share of the category's net assets:

Unlike banks, auto is spread evenly across categories: every one holds between 7.6% and 10.8% of its money in it. What differs is which half of the sector. Small cap funds put 88.9% of their auto money into component makers and mid cap funds 83.9%. Large cap funds put 67.3% of theirs into the vehicle makers themselves.

The funds built around the sector are another matter. SBI Automotive Opportunities Fund had 90.25% of its ₹6,349 crore in auto, and the six transportation and logistics funds held between 60.59% (Kotak) and 80.90% (HDFC).

Among diversified funds, ICICI Prudential Flexi Cap Fund stands out, with 26.46% in auto, ₹6,853 crore. Two small LIC MF funds, Focused and Value, were higher at 29.83% and 29.25%, but each has less than ₹310 crore of net assets.

In rupees, the largest holder was HDFC Flexi Cap Fund, at ₹14,169 crore (12.47% of the fund), followed by HDFC Mid Cap Fund at ₹11,255 crore and Parag Parikh Flexi Cap Fund at ₹10,155 crore.

What this does not tell you

It is one disclosure per scheme. Nothing here shows whether funds were adding to auto stocks or selling them.

Labels are the AMCs'. Tyre makers such as Apollo Tyres and CEAT sit under Auto Components; Escorts Kubota and Ashok Leyland under the commercial and farm vehicle industry. Where a company appears under different labels in different houses' sheets, we use the most common one.

Weight is not a forecast. A sector's share of fund portfolios is a fact about one date, not a view on any company or fund, and not a recommendation to buy or sell.

Where to go from here

Each company's page lists the schemes that hold it, from Mahindra & Mahindra down. For what the auto index is priced at, see Nifty Auto P/E in October 2026.

For the other big sectors, see bank stocks, IT stocks and pharma and healthcare stocks in mutual funds, or the stocks mutual funds own most.