Mutual Funds Boost Top Indian Stocks in Q2 2026

Indian mutual funds significantly amplified their investments in ten leading domestic stocks during the June quarter of 2026. This period saw a substantial surge in mutual fund holdings, correlating with positive stock price performance across all these companies.

Banking Sector Sees Major Inflows

The banking sector notably attracted considerable mutual fund capital, with ICICI Bank, HDFC Bank, and Axis Bank leading the increases. These institutions registered significant growth in their total holdings by June 30, 2026.

• ICICI Bank holdings rose by Rs 51,707 crore, reaching Rs 2,92,021 crore from Rs 2,40,314 crore on March 31, 2026. Its stock gained 14.04%.
• HDFC Bank saw holdings increase by Rs 37,985 crore, totaling Rs 3,26,191 crore. The bank’s stock price climbed 9.08%.
• Axis Bank recorded an increase of Rs 18,944 crore in mutual fund holdings, reaching Rs 1,38,142 crore. Its shares advanced 15.88%.

Diversified Portfolio Growth

Beyond banking, other key sectors also experienced substantial mutual fund interest and corresponding stock appreciation. Companies like Eternal, Bajaj Finance, and Larsen & Toubro were among the top beneficiaries.

• Eternal’s holdings grew by Rs 17,009 crore to Rs 80,898 crore, with its stock price up 15.56%.
• Bajaj Finance’s mutual fund holdings jumped by Rs 16,544 crore, reaching Rs 60,250 crore. This coincided with a 25.35% stock gain.
• Larsen & Toubro’s holdings increased by Rs 15,755 crore to Rs 1,13,539 crore. Its stock posted an 18.24% rise.

Top Gainers and Continued Momentum

The trend of heightened mutual fund activity extended to other prominent firms, driving significant market movements. Adani Enterprises and InterGlobe Aviation showcased particularly strong stock performance alongside increased investments.

• Adani Enterprises experienced a Rs 15,171 crore increase in mutual fund holdings, reaching Rs 21,340 crore. Its stock achieved an impressive 72.62% gain.
• InterGlobe Aviation’s holdings rose by Rs 13,791 crore to Rs 50,395 crore. The company’s stock price surged 36.13%.
• Kotak Mahindra Bank’s holdings grew by Rs 12,737 crore to Rs 95,571 crore, with a 10.99% stock gain.
• Maruti Suzuki India saw an increase of Rs 10,205 crore in mutual fund holdings, totaling Rs 68,029 crore. Its stock price advanced 14.70%.

This widespread increase in mutual fund allocations across diverse Indian equities underscores a broader positive sentiment observed throughout the June quarter of 2026.