ICICI Bank, HDFC Bank and RIL Among 11 Stocks Held by Over 600 Mutual Fund Schemes in September 2026

ICICI Bank was held by 788 mutual fund schemes in September, the highest among the 11 stocks identified in ACE MF data. Mutual funds held 211 crore shares of the bank, valued at ₹2.79 lakh crore. 

HDFC Bank ranked next, with 761 schemes holding the stock. Mutual fund portfolios contained 408 crore shares worth ₹2.89 lakh crore. State Bank of India (SBI) was held by 708 schemes, with 125 crore shares valued at ₹1.20 lakh crore. 

Bharti Airtel and Reliance Industries 

Bharti Airtel featured in the portfolios of 707 mutual fund schemes. Their combined holdings stood at 77.42 crore shares, with a market value of ₹1.36 lakh crore. 

Reliance Industries (RIL) was held by 682 schemes. Mutual funds owned 137 crore shares of the company, valued at ₹1.63 lakh crore. Axis Bank was held by 659 schemes, with 107 crore shares worth ₹1.31 lakh crore. 

L&T, Eternal and Infosys Among Other Holdings 

Larsen & Toubro (L&T) was held by 610 mutual fund schemes in September. Mutual funds held 26.48 crore shares of the company, valued at ₹99,565 crore. 

Eternal and Infosys were each held by 605 schemes. Mutual fund portfolios contained 279 crore shares of Eternal and 85.96 crore shares of Infosys. The data provided does not include the market value of these holdings. 

Kotak Mahindra Bank and M&M 

Kotak Mahindra Bank featured in the portfolios of 604 schemes, while Mahindra & Mahindra (M&M) was held by 602 schemes. Mutual funds held 250 crore shares of Kotak Mahindra Bank and 23.21 crore shares of M&M. 

Read More: SIF AUM Crosses ₹38,000 Crore in September 2026; Folios Surpass 1.5 Lakh! 

Conclusion 

ACE MF data shows that 11 stocks were held by more than 600 mutual fund schemes in September. The list includes banks, companies in the energy and telecom sectors, and businesses in technology, engineering, and automobiles. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.