Funds bought most ICICI Bank and HDFC Bank in September

What the table measures

AMCs publish their portfolios once a month. WealthTicker holds two consecutive disclosures for 1,312 scheme families, dated 31 August and 30 September 2026. For each stock and each scheme family we take the change in the number of shares held, value it at the 30 September price, and add up across families. That removes the effect of share prices rising or falling and leaves a figure for how much stock was added or removed, in rupees.

It is a net figure. A stock can show large buying even if more families reduced it than increased it, because a few big schemes added a great deal.

The biggest additions

The three largest are also the largest holdings, so large rupee additions are to be expected. A more informative comparison is the size of the addition against the size of the position. DLF stands out: ₹2,090 crore was added to a position now worth ₹9,846 crore, which means the net purchases equal about 21% of what funds hold. Power Finance Corporation is next at roughly 16% (₹1,354 crore on ₹8,709 crore), then PB Fintech at about 9%.

Note the DLF counts: only 67 families increased it and 78 reduced it. A few large buyers did the work. For a stock like HDFC Bank, by contrast, 263 families added against 140 that cut, so the buying was broad.

The biggest trims

Two of these tell opposite stories about breadth. Adani Ports was added by 136 families and cut by 43, yet the net is a sale of ₹918 crore: the families that cut it cut by far more than the others added. Ather Energy is the mirror: 77 families cut and 28 added, a net sale of ₹800 crore on a position of ₹7,940 crore, about a tenth.

The whole month in two numbers

Across all equities in the table with a usable price, 630 stocks were net bought, for a combined ₹69,060 crore, and 451 were net sold, for ₹29,243 crore. The net is about ₹39,800 crore of buying. For the longer-run picture of what funds hold, see the stocks Indian mutual funds own most.

Reading it carefully

• Passive and active are mixed. An index fund that receives new money buys every stock in its index. The disclosures do not say which purchases were decisions, so a name like HDFC Bank or Reliance, held by almost everyone, can top the table through plain inflows.
• Families, not schemes. A family groups the plans and options of one scheme, so the counts are of schemes, not of fund houses.
• One month. A single month of change is a small sample, and the next disclosure will rewrite the table.
• Holdings lag. A 30 September snapshot is published only after the month ends, so it is always somewhat behind the market.

You can see which funds hold a particular stock, and by how much, on each stock's page; start from the stocks hub. None of this is a view on whether any stock is worth owning.