What mutual funds added most of in September 2026

How we measured it

Every month AMCs publish each scheme's holdings with the number of shares. We took the 1,974 schemes that appear in both the 31 August and 30 September 2026 disclosures, summed the shares of each stock across them, and valued the net change at September's implied price per share.

This is an estimate of net buying, not a reported figure, and it carries every caveat of share-count comparisons. It tells you which stocks funds collectively held more of at month-end.

The ten biggest additions

What stands out

BSE leads, with the broadest new interest. The number of schemes holding it rose by 42 to 304, and the estimated net purchase of ₹5,133 crore is the largest in the list.

The exchange itself arrives. National Stock Exchange of India appears in 118 scheme portfolios on 30 September and in none on 31 August, worth ₹2,718 crore at month-end. A holding appearing from nowhere in 118 schemes at once is the pattern of a new listing or an index inclusion rather than 118 separate decisions.

Big banks add by size, not by breadth. HDFC Bank and Reliance had large rupee additions but only 3 and 5 more schemes holding them. These are positions funds already had and enlarged. ICICI Bank shows the same: holders fell by 3 while net shares rose.

Mid-sized names saw breadth. Swiggy (+12 schemes), Gland Pharma (+21) and Divi's Laboratories (+30) added holders alongside quantity.

Why we publish no sell list

The mirror table, the biggest estimated net sellers, was not reliable. At the top were Wipro, Larsen & Toubro, Tata Consultancy Services and Hero MotoCorp, and for Wipro 67 schemes had no position at month-end against 51 that raised theirs and 52 that trimmed. That mix looks like a share-count artefact, such as a corporate action or a change of identifier, not 67 funds deciding to sell. We cannot verify the cause, so we leave the list out.

Reading net buying

• A rise in share count with a fall in holders (ICICI Bank) means fewer schemes bought more.
• A rise in holders with a smaller rupee figure (Gland Pharma) means more schemes added modest amounts.
• Index funds buy mechanically when a stock enters an index; they do not "like" it. Our most-held stocks post shows where holdings are widest.
• None of this says what a stock will do. It describes what funds held on a date.

Source: AMC monthly portfolio disclosures for 31 August and 30 September 2026, 1,974 schemes in both. Rupee values use the disclosed market value and quantity; figures are rounded and are estimates.