Which mutual funds hold the largest stake in IndusInd Bank?

The shares of IndusInd Bank plummeted 26% on Tuesday, hitting a fresh 52-week low of Rs 720.50, as multiple brokerages downgraded the stock and slashed target prices in the wake of an accounting discrepancy in its forex derivatives portfolio. Mutual funds held around 20.08 crore shares of IndusInd Bank in their portfolios, with a total market value of Rs 19,884 crore as of February 28, 2025.

Around 35 AMCs and around 360 schemes had exposure in IndusInd Bank as of February 28, 2025. Five AMCs had over Rs 1,000 crore exposure in IndusInd Bank. ICICI Prudential Mutual Fund had the highest exposure of around Rs 3,778 crore and had around 3.81 crore shares in its portfolio in February.



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The largest fund house based on assets managed, SBI Mutual Fund, had shares worth Rs 3,047 crore and had 3.07 crore shares in its portfolio. HDFC Mutual Fund and UTI Mutual Fund had shares worth Rs 2,773 crore and Rs 2,447 crore respectively. Nippon India Mutual Fund had shares worth Rs 2,121 crore and had 2.14 crore shares in its portfolio.

Kotak Mutual Fund and Tata Mutual Fund had shares amounting to Rs 522 crore and Rs 517 crore as of February 28, 2025. Quant Mutual Fund had around 30.77 lakh shares in its portfolio which were of a total value of Rs 304.65 crore.

Edelweiss Mutual Fund had 24.76 lakh shares of IndusInd Bank worth Rs 245 crore, followed by DSP Mutual Fund which had 16.79 lakh shares worth Rs 166.29 crore.

Around 19 AMCs had exposure of less than Rs 100 crore.JM Mutual Fund and HSBC Mutual Fund had exposure worth Rs 86.63 crore and Rs 78.44 crore respectively. PPFAS Mutual Fund had around 4.40 lakh shares in its portfolio worth Rs 43.56 crore.

Zerodha Mutual Fund and WhiteOak Capital Mutual Fund had shares worth Rs 2.76 crore and Rs 1.96 crore respectively in February.

360 ONE Mutual Fund and Taurus Mutual Fund had the lowest exposure of Rs 0.48 crore and Rs 0.29 crore respectively.

On the basis of scheme-wise, SBI Nifty 50 ETF had the highest exposure of Rs 1,165 crore, followed by HDFC Mid-Cap Opportunities Fund which had an exposure of Rs 913 crore in February.

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According to mutual funds, since some of these stocks are part of indices, index schemes, and ETFs will have exposure to them. Note, mutual funds report their portfolios for the previous month, the latest data available is for February 2025.

HDFC Large Cap Fund had an exposure of Rs 611 crore in February and had 61.78 lakh shares in the portfolio.

Two schemes from Nippon India Mutual Fund - Nippon India Large Cap Fund and Nippon India ETF Nifty Bank BeES - had an exposure of Rs 336 crore and Rs 329 crore respectively in February.

HDFC Flexi Cap Fund had around 25 lakh shares in its portfolio which were worth Rs 247 crore. Bandhan Flexi Cap Fund and Bandhan Small Cap Fund had an exposure of Rs 136 crore and Rs 135 crore respectively.

Quant Mid Cap Fund had 9.50 lakh shares worth Rs 94.06 crore. The largest small cap fund based on assets managed, Nippon India Small Cap Fund, had 3.52 lakh shares worth Rs 34.89 crore. Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, had shares worth Rs 20 crore.

SBI Nifty Bank Index Fund had an exposure of Rs 4.65 crore in the mentioned period. Axis NIFTY 50 ETF and Tata Nifty 50 ETF had an exposure of Rs 4.22 crore and Rs 4.17 crore respectively.

Kotak MSCI India ETF and Bandhan BSE Sensex ETF had the lowest exposure of Rs 0.02 crore and Rs 0.01 crore respectively in February.