Thermax Ltd.

Held by 148 mutual fund schemes, ₹4,844Cr between them.

The largest single position is SBI Large Cap Fund (SBI), which holds 1.4% of its portfolio in Thermax Ltd. — ₹760.27Cr, or 15.7% of all the mutual fund money in this stock.

The five largest holders account for 50% of it, across 148 schemes in total.

12 of the 60 largest holdings sit in mid cap funds, the most of any category here.

Schemes holding

148

MF money

₹4,844Cr

Largest weight

3.6%

P/E

56.6

Funds holding Thermax Ltd.

148

Largest rupee position first, top 60 shown. One row per scheme — a fund’s Direct and Regular plans hold the same portfolio, so the Direct plan stands for both.

Fund	Category	Weight	Position	Fund size
SBI Large Cap Fund	Large Cap Fund	1.39%	₹760.27Cr	₹54,696Cr
Kotak Flexi Cap Fund	Flexi Cap Fund	1.29%	₹718.20Cr	₹55,674Cr
Sundaram Mid Cap Fund	Mid Cap Fund	2.39%	₹346.84Cr	₹14,485Cr
SBI Energy Opportunities Fund	Sectoral/ Thematic	3.64%	₹308.18Cr	₹8,466Cr
HSBC Midcap Fund	Mid Cap Fund	1.88%	₹306.42Cr	₹16,299Cr
SBI Focused Fund	Focused Fund	0.52%	₹260.87Cr	₹50,167Cr
Sundaram Large and Midcap Fund	Large & Mid Cap Fund	2.30%	₹168.12Cr	₹7,300Cr
Aditya Birla Sun Life Midcap Fund	Mid Cap Fund	2.15%	₹145.99Cr	₹6,788Cr
ICICI Prudential Large & Mid Cap Fund	Large & Mid Cap Fund	0.40%	₹129.15Cr	₹32,638Cr
Bajaj Finserv Flexi Cap Fund	Flexi Cap Fund	1.30%	₹108.58Cr	₹8,353Cr
PGIM India Midcap Fund	Mid Cap Fund	0.89%	₹98.23Cr	₹11,037Cr
ICICI Prudential Multi Cap Fund	Multi Cap Fund	0.48%	₹91.91Cr	₹18,973Cr
Edelweiss Mid Cap Fund	Mid Cap Fund	0.45%	₹85.88Cr	₹19,084Cr
Aditya Birla Sun Life Multi Asset Allocation Fund	Multi Asset Allocation	1.08%	₹79.68Cr	₹7,410Cr
Canara Robeco Mid Cap Fund	Mid Cap Fund	1.52%	₹76.88Cr	₹5,058Cr
ICICI Prudential Mid Cap Fund	Mid Cap Fund	0.94%	₹76.01Cr	₹8,094Cr
Sundaram Aggressive Hybrid Fund	Aggressive Hybrid Fund	0.81%	₹73.64Cr	₹9,137Cr
Tata Mid Cap Fund	Mid Cap Fund	1.09%	₹66.36Cr	₹6,088Cr
SBI ESG Exclusionary Strategy Fund	Sectoral/ Thematic	1.15%	₹61.00Cr	₹5,304Cr
Sundaram Business Cycle Fund	Sectoral/ Thematic	2.99%	₹51.05Cr	₹1,709Cr
SBI Midcap Fund	Mid Cap Fund	0.19%	₹46.10Cr	₹24,262Cr
HSBC Large & Mid Cap Fund	Large & Mid Cap Fund	0.81%	₹45.91Cr	₹5,668Cr
Sundaram Multi Cap Fund	Multi Cap Fund	1.33%	₹39.88Cr	₹3,003Cr
ITI Small Cap Fund	Small Cap Fund	1.06%	₹37.45Cr	₹3,533Cr
SBI Retirement Benefit Fund - Aggressive	Retirement Fund	1.09%	₹34.51Cr	₹3,166Cr
SBI ELSS Tax Saver Fund	ELSS	0.10%	₹31.72Cr	₹31,724Cr
Sundaram Flexicap Fund	Flexi Cap Fund	1.60%	₹31.49Cr	₹1,964Cr
Tata Multi Asset Allocation Fund	Multi Asset Allocation	0.58%	₹30.27Cr	₹5,219Cr
JM Mid Cap Fund	Mid Cap Fund	2.23%	₹29.35Cr	₹1,319Cr
Sundaram Multi Asset Allocation Fund	Multi Asset Allocation	0.77%	₹25.81Cr	₹3,338Cr
Edelweiss Nifty Midcap150 Momentum 50 Index Fund	Index Funds	1.23%	₹21.68Cr	₹1,762Cr
Kotak Active Momentum Fund	Sectoral/ Thematic	1.32%	₹21.24Cr	₹1,609Cr
HSBC Multi Cap Fund	Multi Cap Fund	0.33%	₹20.67Cr	₹6,264Cr
Sundaram ELSS Tax Saver Fund	ELSS	1.59%	₹20.30Cr	₹1,279Cr
ITI Multi Cap Fund	Multi Cap Fund	1.32%	₹19.84Cr	₹1,503Cr
HSBC Multi Asset Allocation Fund	Multi Asset Allocation	0.60%	₹18.97Cr	₹3,161Cr
Bajaj Finserv Large & Mid Cap Fund	Large & Mid Cap Fund	0.68%	₹16.51Cr	₹2,427Cr
Aditya Birla Sun Life Manufacturing Equity Fund	Sectoral/ Thematic	1.23%	₹16.38Cr	₹1,335Cr
Sundaram Dividend Yield Fund	Dividend Yield Fund	1.86%	₹15.09Cr	₹809.59Cr
SBI Retirement Benefit Fund - Aggressive Hybrid	Retirement Fund	0.91%	₹14.89Cr	₹1,636Cr
ITI Mid Cap Fund	Mid Cap Fund	0.99%	₹14.79Cr	₹1,494Cr
Edelweiss Flexi Cap Fund	Flexi Cap Fund	0.40%	₹14.47Cr	₹3,616Cr
Aditya Birla Sun Life Infrastructure Fund	Sectoral/ Thematic	1.10%	₹13.55Cr	₹1,237Cr
Tata Nifty Midcap 150 Momentum 50 Index Fund	Index Funds	1.08%	₹13.26Cr	₹1,228Cr
Sundaram Dynamic Asset Allocation Fund	Dynamic Asset Allocation or Balanced Advantage	0.75%	₹12.53Cr	₹1,671Cr
Kotak Quant Fund	Sectoral/ Thematic	2.55%	₹12.40Cr	₹486.40Cr
Motilal Oswal Nifty Midcap 150 Index Fund	Index Funds	0.31%	₹12.39Cr	₹3,995Cr
Nippon India ETF Nifty Midcap 150	Other ETFs	0.31%	₹11.94Cr	₹3,850Cr
Baroda BNP Paribas Mid Cap Fund	Mid Cap Fund	0.44%	₹11.43Cr	₹2,597Cr
Nippon India Nifty 500 Momentum 50 Index Fund	Index Funds	0.83%	₹10.63Cr	₹1,281Cr
LIC MF Aggressive Hybrid Fund	Aggressive Hybrid Fund	1.91%	₹10.51Cr	₹550.22Cr
Edelweiss Business Cycle Fund	Sectoral/ Thematic	0.72%	₹10.31Cr	₹1,432Cr
LIC MF Balanced Advantage Fund	Dynamic Asset Allocation or Balanced Advantage	1.43%	₹9.76Cr	₹682.50Cr
Tata Dividend Yield Fund	Dividend Yield Fund	0.84%	₹9.51Cr	₹1,132Cr
Nippon India Nifty Midcap 150 Index Fund	Index Funds	0.31%	₹8.53Cr	₹2,752Cr
Union Multicap Fund	Multi Cap Fund	0.48%	₹7.22Cr	₹1,503Cr
LIC MF Manufacturing Fund	Sectoral/ Thematic	0.90%	₹7.02Cr	₹779.88Cr
Motilal Oswal Nifty 500 Momentum 50 Index Fund	Index Funds	0.83%	₹6.67Cr	₹803.89Cr
UTI - Infrastructure Fund	Sectoral/ Thematic	0.29%	₹6.19Cr	₹2,135Cr
Canara Robeco Infrastructure Fund	Sectoral/ Thematic	0.60%	₹5.89Cr	₹981.26Cr

Weights come from each fund’s most recent disclosed portfolio, which SEBI requires monthly — positions can have changed since. “Position” is the weight applied to the scheme’s AUM, available for 137 of the 148 holders. Nothing here is advice, and a stock being widely held is not an argument for owning it.

Funds buying and selling Thermax Ltd.

In their latest monthly disclosure, 36 funds bought and 16 sold, judged by share count.

Fund	Move	Weight	Value
SBI Focused Fund	Cut	1.35% → 0.52%	-₹358.25Cr
PGIM India Midcap Fund	Added	0.21% → 0.89%	₹70.68Cr
ICICI Prudential Mid Cap Fund	Added	0.13% → 0.94%	₹63.03Cr
ICICI Prudential Large & Mid Cap Fund	Added	0.29% → 0.40%	₹38.29Cr
Bajaj Finserv Large & Mid Cap Fund	Cut	1.73% → 0.68%	-₹21.26Cr
SBI Midcap Fund	Cut	0.27% → 0.19%	-₹14.15Cr
JM Mid Cap Fund	Added	1.22% → 2.23%	₹13.07Cr
Baroda BNP Paribas Mid Cap Fund	New	— → 0.44%	₹10.69Cr
LIC MF Mid Cap Fund	Exited	2.69% → —	-₹10.56Cr
JioBlackRock Flexi Cap Fund	Exited	0.31% → —	-₹10.14Cr
Union Multicap Fund	New	— → 0.48%	₹7.25Cr
Aditya Birla Sun Life Manufacturing Equity Fund	Added	0.80% → 1.23%	₹6.22Cr
UTI - Infrastructure Fund	New	— → 0.29%	₹5.73Cr
The Wealth Company Flexi Cap Fund	New	— → 2.25%	₹5.25Cr
Samco Multi Asset Allocation Fund	Exited	1.19% → —	-₹4.78Cr
JM Large Cap Fund	New	— → 1.17%	₹4.17Cr
Kotak Quant Fund	Added	1.73% → 2.55%	₹3.69Cr
Samco Multi Cap Fund	Exited	1.46% → —	-₹3.36Cr
ITI Mid Cap Fund	Added	0.83% → 0.99%	₹2.71Cr
ITI Small Cap Fund	Added	1.07% → 1.06%	₹2.35Cr
LIC MF Value Fund	Exited	0.66% → —	-₹1.98Cr
ITI Multi Cap Fund	Added	1.29% → 1.32%	₹1.67Cr
Aditya Birla Sun Life Infrastructure Fund	Added	1.01% → 1.10%	₹1.49Cr
Mirae Asset BSE Midcap 150 Momentum 30 ETF	Exited	1.19% → —	-₹92.68L
The Wealth Company Ethical Fund	New	— → 0.98%	₹37.35L
Groww BSE Power ETF	Added	1.43% → 1.37%	₹26.86L
Samco Mid Cap Fund	Cut	2.09% → 1.62%	-₹25.07L
HDFC BSE 500 ETF	Added	0.06% → 0.06%	₹9.84L
SBI Nifty Midcap 150 Momentum 50 ETF	Added	1.15% → 1.08%	₹8.62L
JioBlackRock Large Cap Fund	Exited	0.10% → —	-₹4.88L
Bandhan Nifty 500 Momentum 50 Index Fund	Added	0.88% → 0.83%	₹4.26L
Bandhan Nifty Midcap 150 Index Fund	Cut	0.32% → 0.31%	-₹3.73L
UTI Nifty500 Shariah Index Fund	Added	0.22% → 0.20%	₹1.46L
Kotak Nifty500 Momentum 50 Index Fund	Added	0.88% → 0.83%	₹1.31L
Mirae Asset Nifty LargeMidcap 250 Index Fund	Cut	0.18% → 0.16%	-₹30.51K
SBI Nifty Midcap 150 ETF	Cut	0.32% → 0.31%	-₹24.89K
Angel One Nifty Total Market ETF	Added	0.07% → 0.06%	₹21.79K
UTI Nifty Midcap 150 Exchange Traded Fund	Cut	0.32% → 0.31%	-₹21.76K
DSP Nifty 500 Index Fund	Added	0.07% → 0.06%	₹6.23K
Sundaram Aggressive Hybrid Fund	Added	0.49% → 0.81%	—
Sundaram Dynamic Asset Allocation Fund	Added	0.44% → 0.75%	—
Sundaram Equity Savings Fund	Added	0.25% → 0.42%	—
Sundaram Infrastructure Advantage Fund	Added	1.47% → 1.72%	—
Sundaram Large and Midcap Fund	Added	1.83% → 2.30%	—
Sundaram Mid Cap Fund	Added	2.20% → 2.39%	—
Sundaram Multi Asset Allocation Fund	Added	0.47% → 0.77%	—
Sundaram Multi Cap Fund	Added	1.30% → 1.33%	—
Sundaram Multi-Factor Fund	Exited	1.04% → —	—
Sundaram Dividend Yield Fund	Added	1.61% → 1.86%	—
Tata Mid Cap Fund	Added	0.82% → 1.09%	—
Tata Multi Asset Allocation Fund	Added	0.55% → 0.58%	—
Tata Nifty Midcap 150 Index Fund	Added	0.32% → 0.31%	—

Frequently asked questions

Which mutual fund holds the most Thermax Ltd.?

By rupee value, SBI Large Cap Fund from SBI — ₹760.27Cr, at 1.4% of that scheme's portfolio. Weights come from each fund's most recent disclosed portfolio; SEBI requires monthly disclosure, so a fund that has traded since its last filing may hold more or less than this.

Which fund has the highest weight in Thermax Ltd.?

SBI Energy Opportunities Fund carries the largest weight at 3.6% of its portfolio. That is a different question from the largest rupee position — a small fund can hold a much bigger share of itself in one stock than a large fund does.

How many mutual funds hold Thermax Ltd.?

148 schemes, holding ₹4,844Cr between them across the 137 whose AUM is on record. One row per scheme: a fund's Direct and Regular plans hold the same portfolio, so the Direct plan stands for both rather than counting twice.

Does a fund holding Thermax Ltd. make it a good investment?

No. This page reports what funds disclosed they own, not a view on the stock or on any scheme holding it. A widely held stock is a popular one, which is a fact about other people's positions rather than about future returns. Nothing here is investment advice.

All most-held stocks