Synopsis: Mutual funds increased their stakes across a diverse set of stocks in Q3 FY26, spanning consumer appliances, food tech, banking, healthcare services, manufacturing, and apparel, signalling rising institutional confidence in select sector leaders and turnaround candidates.
Changes in mutual fund shareholding often provide early cues on institutional conviction. In Q3 FY26, several well-known names, from consumer and internet platforms to banks and healthcare-focused companies, saw meaningful MF stake additions. These increases reflect selective positioning by fund managers toward businesses with improving fundamentals, scalable models, or long-term growth visibility across multiple sectors.
Whirpool
The company is one of the leading manufacturers and marketers of major home appliances in the country and is promoted by Whirlpool Corporation, USA. The company is a leading global kitchen and laundry appliance manufacturer.
With the market cap of Rs 10,108 crore, the shares of Whirlpool Ltd have closed at Rs 797. The shares are trading at a PE of 29.8, whereas its industry PE is at 46, and the shares have given a return of more than 460% since January 2010. Mutual funds have increased holdings from 25.69% to 32.51% in the Dec 2025 quarter.
The company is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app.
With the market cap of Rs 86,053 crore, the shares of Swiggy Ltd have closed at Rs 312; the company has given a sales growth rate of 39% over 3 years. Mutual funds have increased holdings from 11.89% to 17.23% in the Dec 2025 quarter.
Sagility
The company provides healthcare-focused, technology-enabled solutions and services primarily to U.S.-based clients in the payer and provider segments.
With the market cap of Rs 24,230 crore, the shares of Sagility Ltd have closed at Rs 52. The shares are trading at a PE of 30, whereas their industry PE is at 28, and the shares have given a return of more than 80% since their listing in November 2024. Mutual funds have increased holdings from 8.80% to 13.36% in the Dec 2025 quarter.
PGEL
The company specialises in original design manufacturing (ODM), original equipment manufacturing (OEM), and plastic injection moulding. Its WOS, PG Technoplast Pvt Ltd, manufactures air conditioners, coolers, and components for various consumer durables.
With the market cap of Rs 14,561 crore, the shares of PG Electroplast Ltd have closed at Rs 510. The shares are trading at a PE of 57.2, whereas its industry PE is at 26.2, and the shares have given a return of almost 3,500% over the last 5 years. Mutual funds have increased holdings from 14.48% to 18.68% in the Dec 2025 quarter.
MAHABANK
The company is engaged in providing banking services. The bank’s segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking. operations.
With the market cap of Rs 50,464 crore, the shares of Bank of Maharashtra have closed at Rs 65.6. The shares are trading at a PE of 7.8, whereas its industry PE is at 8.15, and the shares have given a return of 350% over the last 5 years. Mutual funds have increased holdings from 1.17% to 5.32% in the Dec 2025 quarter.
AKUMS DRUGS
The company is a pharmaceutical contract development and manufacturing organisation (CDMO) offering a comprehensive range of pharmaceutical products and services.
With the market cap of Rs 6,657 crore, the shares of Akums Drugs & Pharmaceuticals Ltd have closed at Rs 423. The shares are trading at a PE of 21.6, whereas its industry PE is at 29.3. Mutual funds have increased holdings from 6.44% to 11.23% in the Dec 2025 quarter.
RBL BANK
The company is a banking firm engaged in providing specialised services under five business verticals, namely: Corporate Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury & Financial Markets Operations.
With the market cap of Rs 17,805 crore, the shares of RBL Bank Ltd have closed at Rs 288. The shares are trading at a PE of 27, whereas its industry PE is at 15.5, and the shares have given a return of 24% over the last 5 years. Mutual funds have increased holdings from 30.60% to 34.44% in the Dec 2025 quarter.
INDUSIND BANK
The bank provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The bank operates in India, including at the International Financial Service Centres in India.
With the market cap of Rs 69,579 crore, the shares of IndusInd Bank Ltd have closed at Rs 893. The shares are having an ROCE and ROE of 6.4% and 4%, respectively, and the shares have given a return of more than 2,000% since their listing in 1998. Mutual funds have increased holdings from 23.59% to 25.82% in the Dec 2025 quarter.
The company is one of the leading online food service platforms in terms of the value of food sold. Its offerings include food delivery, dining-out services, loyalty programmes, and others.
With the market cap of Rs 2,49,606 crore, the shares of Eternal Ltd have closed at Rs 259. The shares are trading at a PE of 1,080, whereas its industry PE is at 53.3, and the shares have given a return of 17% over the last year. Mutual funds have increased holdings from 24.68% to 26.72% in the Dec 2025 quarter.
PAGE INDUSTRIES
Page Industries Ltd is India’s leading apparel company and the exclusive licensee of Jockey International Inc. for manufacturing and marketing innerwear and athleisure products. The company operates a strong pan-India distribution network with a focus on premium quality and brand-led growth.
With the market cap of Rs 36,785 crore, the shares of Page Industries Ltd have closed at Rs 32,980. The shares are trading at a PE of 48.1, whereas its industry PE is at 25.2, and the shares have given a return of 12.3% over the last 5 years. Mutual funds have increased holdings from 19.64% to 21.59% in the Dec 2025 quarter.
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