IndiGo shares down 17% in 8 days. Which mutual funds have highest exposure in this stock in October

Shares of InterGlobe Aviation, the parent company of IndiGo, went down by nearly 17% in the last eight days from a level of 5,917 on 27 November to 4,913 on Tuesday after the airline’s operational disruptions triggered by the new Flight Duty Time Limitations.

IndiGo cancelled over 1,000 flights in a single day, marking the highest daily cancellation figure recorded by any Indian airline in the country's aviation history. The disruptions were linked to operational issues stemming from the airline’s implementation of revised Flight Duty Time Limitations (FDTL) for pilots.

As of October, mutual funds owned nearly 6 crore shares of InterGlobe Aviation worth a market value of Rs 38,226 crore. Around 43 mutual fund houses had this stock in their portfolio, of which ICICI Prudential Mutual Fund had the highest number of shares at over 1 crore.


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ICICI Prudential Mutual Fund had 1.19 crore shares of InterGlobe Aviation worth a market value of Rs 6,718 crore. SBI Mutual Fund and HDFC Mutual Fund had 88.22 lakh and 78.05 lakh shares respectively in their portfolios.

Kotak Mutual Fund had nearly 52.41 lakh shares in its portfolio, followed by UTI Mutual Fund, which had 39.04 lakh shares in its portfolio. Aditya Birla Sun Life Mutual Fund and Bandhan Mutual Fund had 17.70 lakh and 8.60 lakh shares respectively in their portfolios.

Edelweiss Mutual Fund had around 3.91 lakh shares of this stock worth a market value of Rs 220 crore. Helios Mutual Fund and Union Mutual Fund were the last ones in the list to have over 1 lakh shares in their portfolios. These fund houses had 1.17 lakh and 1 lakh shares respectively in their portfolios.

JioBlackRock Mutual Fund, the latest entrant in the mutual fund industry, had 40,244 shares of InterGlobe Aviation in its portfolio, with nearly 37,882 shares in the portfolio of its flexi cap fund and 2,362 shares in the Nifty50 index fund.

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Capitalmind Mutual Fund and Unifi Mutual Fund had nearly 9,880 and 6,213 shares respectively in their portfolios. Taurus Mutual Fund had only 585 shares of this stock.

The airline has submitted a formal response to the Directorate General of Civil Aviation (DGCA)’s show-cause notice amid ongoing operational disruptions.

In a statement issued by the DGCA, IndiGo acknowledged that a combination of factors — including changes in pilot duty norms and “minor” technical glitches — contributed to widespread cancellations and delays, resulting in over 2,000 flight cancellations in the past week.