As of June 2024, the assets under management (AUM) for equity mutual funds in India grew by 23 percent, reaching Rs 27.67 lakh crore. Mutual funds have notably increased their equity holdings in 2024, with AUM expanding by 23 percent in the first half of the year.
By June 2024, mutual funds held a record 9.17 percent of the total market capitalization of companies listed on the National Stock Exchange (NSE), reflecting a significant rise in their market presence over previous years.
Here are a few mid-cap companies where mutual fund holdings have reached up to 42 percent:
Gland Pharma Limited
With a market capitalization of Rs. 32,395 crores, the shares of a generic injectable-focused pharmaceutical company saw a nearly 2 percent increase on BSE to Rs. 2,007.95 on Wednesday.
Mutual funds hold a 30 percent stake in the company, which has delivered positive returns of nearly 23 percent over the past one year and around 3 percent year-to-date.
The company has reported a significant growth in revenue from operations, with a 16 percent YoY increase from Rs. 1,209 crores in Q1FY24 to Rs. 1,402 crores in Q1FY25.
However, the net profit slumped by 25.7 percent YoY from Rs. 194 crores to Rs. 144 crores during the same period.
Founded in 1978, Gland Pharma Limited operates primarily under a business-to-business (B2B) model and is engaged in the development, manufacturing, and marketing of sterile injectables.
The company has a wide range of injectables, including vials, ampoules, pre-filled syringes, lyophilized vials, dry powders, infusions, oncology, and ophthalmic solutions, and also enjoys the distinction of having pioneered Heparin technology in India.
Max Financial Services Limited
With a market capitalization of Rs. 35,785 crores, the stock witnessed a 0.4 percent increase on BSE to Rs. 1,054.6 on Wednesday.
Mutual funds hold a 34 percent stake in the company, which has delivered positive returns of around 22.8 percent over the past one year and nearly 8.6 percent year-to-date.
The company has reported a significant growth in revenue from operations, with a 28.7 percent YoY increase from Rs. 9,168 crores in Q1FY24 to Rs. 11,799 crores in Q1FY25.
This is accompanied by a 54.5 percent YoY rise in net profit, growing from Rs. 101 crores to Rs. 156 crores during the same period.
Incorporated in 1988, Max Financial Services Limited, a part of India’s leading business conglomerate – the Max Group, is primarily engaged in the business of growing and nurturing business investments and providing management advisory services to group companies in India.
Multi Commodity Exchange of India Limited
With a market capitalization of Rs. 22,322.8 crores, the shares of India’s largest Exchange in the Commodity Derivatives segment saw a 0.8 percent increase on BSE to Rs. 4,393.35 on Wednesday.
Mutual funds hold a 34 percent stake in the company, which has delivered multibagger returns of around 175 percent over the past year and nearly 38.3 percent of positive returns year-to-date.
The company has reported a significant growth in revenue from operations, with a 60.3 percent YoY increase from Rs. 146 crores in Q1FY24 to Rs. 234 crores in Q1FY25.
This is accompanied by a 455 percent YoY rise in net profit, growing from Rs. 20 crores to Rs. 111 crores during the same period.
Multi Commodity Exchange Of India Limited (MCX) offers online trading in commodity derivatives transactions across varied segments including bullion, industrial metals, energy and agricultural commodities, as well as on indices constituted from these contracts.
It is India’s first listed exchange to introduce commodity options, and futures contracts on bullion, base metals and energy indices.
Crompton Greaves Consumer Electricals Limited
With a market capitalization of Rs. 27,656 crores, the shares of India’s leading Consumer Durables player saw a 0.8 percent increase on BSE to Rs. 439.7 on Wednesday.
Mutual funds hold a 42 percent stake in the company, which has delivered positive returns of around 43.2 percent over the past one year and nearly 37 percent year-to-date.
The company has reported a significant growth in revenue from operations, with a 14 percent YoY increase from Rs. 1,877 crores in Q1FY24 to Rs. 2,138 crores in Q1FY25.
This is accompanied by a 24.6 percent YoY rise in net profit, growing from Rs. 122 crores to Rs. 152 crores during the same period.
Crompton Greaves Consumer Electrical Limited is India’s market leader in Fans, no. 1 player in Residential Pumps and has leading market positions in its other product categories.
The company is engaged in the manufacturing and marketing of a wide range of consumer products such as fans, lights, pumps and appliances including kitchen appliances.
Kalpataru Projects International Limited
With a market capitalization of Rs. 19,948.4 crores, the shares of a leading global infrastructure EPC company saw a 1.6 percent decline on BSE to Rs. 1,233.25 on Wednesday.
Mutual funds hold a 42 percent stake in the company, which has delivered positive returns of around 91.8 percent over the past year and nearly 71.5 percent year-to-date.
The company has reported a significant growth in revenue from operations, with an 8.2 percent YoY increase from Rs. 4,241 crores in Q1FY24 to Rs. 4,587 crores in Q1FY25.
However, the net profit slumped by 25.6 percent YoY from Rs. 113 crores to Rs. 84 crores during the same period.
Kalpataru Projects International Limited is one of the largest specialised EPC companies engaged in power transmission & distribution, buildings & factories, water supply & irrigation, railways, oil & gas pipelines, urban mobility (flyovers & metro rail), highways and airports.
Written by Shivani Singh
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