Mutual funds raise bets on large cap stocks: Adani Enterprises, ICICI Bank, SBI, Eternal & others in focus - Mutual Funds | Latest News Updates

Shares of companies with a market capitalisation (Market Cap) of at least Rs 20,000 crore are considered large cap stocks per the SEBI classification. These are the top 100 listed firms based on market value, and they are frequently traded on significant indices such as the Sensex and Nifty 50.

Association of Mutual Funds in India’s recent data showed that equity mutual fund inflows moderated in April, slipping 5 per cent month-on-month to Rs 38,440 crore from Rs 40450 crore recorded in March. Despite the monthly decline, investor participation remained strong on an annual basis, with inflows jumping 58 per cent compared to Rs 24,269 crore seen in April last year.

Large cap stocks in focus

According to a latest report by Motilal Oswal Financial Services, Mutual fund (MF) houses increased their stakes in select large cap stocks, with ICICI Bank, SBI, and others continuing to remain preferred picks.

Mutual funds increased their buying in Adani Enterprises, ICICI Bank, State Bank of India (SBI), Eternal, and Sun Pharma, indicating renewed confidence in select large cap stocks.

Mutual funds increased their holding in Adani Enterprises by 2.4 per cent, with an estimated net value addition of Rs 850 crore, reflecting a positive sentiment.

Adani Enterprises had a value of Rs 103.1 billion in April 2026, reflecting a month-on-month increase of 61.4 per cent, while its shareholding stood at 42.8 million shares, up 17.9 per cent MoM. It was held by one mutual fund with exposure above both 2 per cent and 1 per cent.

ICICI Bank saw a 1.8 per cent rise in mutual fund holdings, with inflows worth Rs 1,200 crore, indicating strong positive sentiment.

ICICI Bank had a value of Rs 2,509.3 billion in April 2026, showing a month-on-month increase of 8.2 per cent, while its shareholding stood at 1,986.2 million shares, up 3.3 per cent MoM. It was held by 20 mutual funds with exposure above 2 per cent and 21 funds with exposure above 1 per cent.

State Bank of India (SBI) recorded a 1.5 per cent increase in holdings, with an estimated Rs 950 crore added, reflecting a positive outlook.

State Bank of India (SBI) had a value of Rs 1,297.5 billion in April 2026, marking a month-on-month gain of Rs 144.3 billion (12.5%). Its shareholding stood at 1,214.4 million shares, an increase of 37.1 million shares (3.1% MoM), while the stock price rose 9.0 per cent during the month. It accounted for 2.6 per cent of AUM, with 14 funds buying and 7 funds selling.

Eternal witnessed the highest jump of 3.1 per cent in holdings, with net investments of Rs 420 crore, showing very positive sentiment.

Eternal had a value of Rs 683.0 billion in April 2026, recording a month-on-month increase of Rs 11.6 billion. Its shareholding stood at 2,765.0 million shares, up 3.4 per cent MoM. The stock was held by 5 mutual funds that bought and 13 funds that sold during the period.

Sun Pharma saw a 0.9 per cent rise in mutual fund holdings, with Rs 610 crore added, indicating a stable-to-positive sentiment.

Sun Pharma Industries had a value of Rs 528.7 billion in April 2026, registering a month-on-month increase of Rs 8.3 billion. Its shareholding stood at 292.4 million shares, up 5.3 per cent MoM. The stock saw participation from 1 fund buying and 7 funds selling during the period.

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