The total assets under management (AUM) for the mutual fund industry reached nearly Rs. 67.1 trillion in September 2024, reflecting a 0.6 percent month-on-month increase. This growth was primarily driven by an increase in equity funds, which rose by Rs. 1,074 billion, balanced funds by Rs. 167 billion, and other ETFs by Rs. 159 billion.
Following are the 18 stocks that were added by different Mutual Funds in the month of September:
HDFC Mutual Fund
Medi Assist Healthcare Services Limited
With a market cap of Rs. 4,512.6 crores, the shares of India’s leading health benefits administrator slumped nearly 3.3 percent on BSE to Rs. 625.5 on Friday.
HDFC Mutual Fund added 49.57 lakh shares in Medi Assist Healthcare Services. The stock has delivered positive returns of 38.4 percent year-to-date.
Incorporated in June 2000, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company engaged in managing health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.
Endurance Technologies Limited
With a market cap of Rs. 33,339.2 crores, the shares of one of the leading automotive component manufacturers slumped nearly 2.8 percent on BSE to Rs. 2,328.05 on Friday.
HDFC Mutual Fund added 4.75 lakh shares in Endurance Tech. The stock has delivered positive returns of nearly 47 percent in one year, and around 24 percent returns year-to-date.
Endurance Technologies is one of the leading automotive components manufacturers with a diverse product base comprising aluminium die-casting, suspension, braking systems and transmission products.
Brigade Enterprises Limited
With a market cap of Rs. 31,199.7 crores, the shares of one of India’s leading property developers surged nearly 0.6 percent on BSE to Rs. 1,291 on Friday.
HDFC Mutual Fund added 4.03 lakh shares in Brigade Enterprises. The stock has delivered multibagger returns of nearly 104 percent in one year, and 42.6 percent of positive returns year-to-date.
Established in 1986, Brigade Enterprises Limited is a real estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India.
Kotak Mutual Fund
Polycab India Limited
With a market cap of Rs. 1.04 lakh crores, the stock slumped nearly 7 percent on BSE to Rs. 6,611.4 on Friday.
Kotak Mutual Fund Mutual Fund added 7.16 lakh shares in Polycab India. The stock has delivered positive returns of nearly 30 percent in one year, and around 27 percent returns year-to-date.
Polycab India Limited is the leading manufacturer and seller in India for a wide range of wires and cables including power cables, control cables, solar cables, building wires, communication cables, welding cables and others, for retail and industrial use.
Apar Industries Limited
With a market cap of Rs. 40,858.2 crores, the stock surged nearly 0.2 percent on BSE to Rs. 10,336.8 on Friday.
Kotak Mutual Fund Mutual Fund added 2.70 lakh shares in Apar Industries. The stock has delivered positive returns of nearly 92.3 percent in one year, and around 68 percent returns year-to-date.
Apar Industries Limited operates in the diverse fields of electrical and metallurgical engineering offering value-added products and services in power transmission conductors, petroleum specialty oils, power & telecom cables and house wires.
Tata Communications Limited
With a market cap of Rs. 52,689.4 crores, the stock surged nearly 2.2 percent on BSE to Rs. 1,875.15 on Friday.
Kotak Mutual Fund Mutual Fund added 7.65 lakh shares in Tata Communications. The stock has delivered positive returns of nearly 4.3 percent in one year, and around 5.6 percent returns in the last six months.
Incorporated in 1986, Tata Communications Limited offers international
and national voice and data transmission services, selling and leasing of bandwidth on undersea cable systems, internet connectivity services and other value-added services.
Axis Mutual Fund
GE T&D India Limited
With a market cap of Rs. 46,728.5 crores, the stock slumped nearly 3.7 percent on BSE to Rs. 1,821.8 on Friday.
Axis Mutual Fund added 26.55 lakh shares in GE T&D India. The stock has delivered multibagger returns of nearly 368.5 percent in one year, and around 245.3 percent returns year-to-date.
GE T&D India Limited, the listed entity of GE’s Grid Solutions business in India, is engaged in the power transmission and distribution business, while providing a wide range of solutions for connecting and evacuating power from generation sources onto the grid.
Kalyan Jewellers Limited
With a market cap of Rs. 73,640.3 crores, the stock surged nearly 1.5 percent on BSE to Rs. 738.6 on Friday.
Axis Mutual Fund added 34.04 lakh shares in Kalyan Jewellers. The stock has delivered multibagger returns of nearly 137 percent in one year, and around 98 percent returns year-to-date.
Kalyan Jewellers India Limited is engaged in the business of designing, manufacturing and sale a range of gold, studded and other jewellery products across various price points.
Oracle Financial Services Software Limited
With a market cap of Rs. 1 lakh crores, the stock surged nearly 0.85 percent on BSE to Rs. 11,597.9 on Friday.
Axis Mutual Fund added 99,557 shares in Oracle Financial Services. The stock has delivered multibagger returns of nearly 181.3 percent in one year, and around 167.5 percent returns year-to-date.
Incorporated in 1989, Oracle Financial Services Software Limited is engaged in providing financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry.
Nippon India Mutual Fund
Indigo Paints Limited
With a market cap of Rs. 7,548.4 crores, the stock surged nearly 2.2 percent on BSE to Rs. 1,593.7 on Friday.
Nippon India Mutual Fund added 39.9 lakh shares in Indigo Paints. The stock has delivered positive returns of nearly 8.6 percent in one year, and around 6.2 percent returns year-to-date.
Incorporated in 2000, Indigo Paints Limited is engaged in the business of manufacturing and sales of decorative paints
Max Estates Limited
With a market cap of Rs. 9,709.4 crores, the stock surged nearly 2.6 percent on BSE to Rs. 611.95 on Friday.
Nippon India Mutual Fund added 25.1 lakh shares in Max Estates. The stock has delivered multibagger returns of nearly 113 percent in one year, and around 94.8 percent returns year-to-date.
Incorporated in 2016, Max Estates Limited is engaged in the business of real estate development.
Nestle India Limited
With a market cap of Rs. 2.26 lakh crores, the stock surged nearly 0.2 percent on BSE to Rs. 2,383.95 on Friday.
Nippon India Mutual Fund added 6.84 lakh shares in Nestle India. The stock has delivered positive returns of nearly 1 percent in one year, but around 14.2 percent of negative returns year-to-date.
Incorporated in 1959, Nestlé India Limited is primarily involved in the food business which incorporates product groups viz. milk products and nutrition, prepared dishes and cooking aids, powdered and liquid beverages and confectionery.
Quant Mutual Fund
NTPC Limited
With a market cap of Rs. 4.11 lakh crores, the stock surged nearly 1.6 percent on BSE to Rs. 424.3 on Friday.
Quant Mutual Fund added 1.38 crore shares in NTPC. The stock has delivered positive returns of nearly 75.2 percent in one year, and around 37 percent returns year-to-date.
NTPC (National Thermal Power Corporation) Limited is primarily involved in the generation and sale of bulk power to State power utilities, along with providing consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining.
Nestle India Limited
Quant Mutual Fund added 19.5 lakh shares in Nestle India. With a market cap of Rs. 2.26 lakh crores, the stock surged nearly 0.2 percent on BSE to Rs. 2,383.95 on Friday.
ACC Limited
With a market cap of Rs. 42,609 crores, the stock surged nearly 0.3 percent on BSE to Rs. 2,273.35 on Friday.
Quant Mutual Fund did not disclose the number of shares added in ACC. The stock has delivered positive returns of nearly 13 percent in one year, and around 1.4 percent returns year-to-date.
Incorporated in 1936, ACC Limited, a member of the Adani Group, is principally engaged in the business of manufacturing and selling of cement and ready-mix concrete.
ICICI Prudential Mutual Fund
NMDC Limited
With a market cap of Rs. 67,682.3 crores, the stock surged nearly 3.2 percent on BSE to Rs. 231.7 on Friday.
ICICI Prudential BSE 500 ETF added 138 shares in NMDC. The stock has delivered positive returns of nearly 41.2 percent in one year, but around 2 percent of negative returns year-to-date.
NMDC Limited is engaged in the business of exploration and production of iron ore along with diamond, production and sale of sponge iron and generation and sale of wind power.
KSB Limited
With a market cap of Rs. 15,489.5 crores, the stock surged nearly 0.3 percent on BSE to Rs. 892.05 on Friday.
ICICI Prudential Mutual Fund added 7.13 lakh shares in KSB. The stock has delivered positive returns of nearly 44.6 percent in one year, and around 28.5 percent returns year-to-date.
KSB Limited is engaged in the business of manufacturing a range of standard Industrial end suction and high-pressure multistage pumps, submersible motor pumps & monoblock pumps, and other value-added parts, for the agricultural, waste-water treatment, energy (nuclear and conventional power), and oil & gas sectors, as well as other industries.
Jamna Auto Industries Limited
With a market cap of Rs. 4,739.5 crores, the stock surged nearly 2.6 percent on BSE to Rs. 119.35 on Friday.
ICICI Prudential Mutual Fund added 20.14 lakh shares in Jamna Auto Industries. The stock has delivered negative returns of nearly 0.3 percent in one year, but around 6.3 percent of positive returns year-to-date.
Incorporated in 1965, Jamna Auto Industries Limited manufactures conventional leaf springs, parabolic leaf springs, air suspensions and lift axles, predominantly for Commercial Vehicles.
Written by Shivani Singh
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