IndiGo, PG Electroplast, Data Patterns among 104 firms that saw MFs raise stake consistently

InterGlobe Aviation, PG Electroplast, Data Patterns, SBI Cards and Niva Bupa Health Insurance have something in common. These firms are among 104 companies that have seen mutual funds consistently increase their stakes over the last four quarters. The stake increase in these companies comes at a time when foreign institutional investors have been selling shares in the Indian equity markets, declining rupee and uncertain geopolitical atmosphere.

Mutual fund flows in April 2026 stayed broadly strong, but the pace clearly cooled after the sharp jump seen in March 2026, according to the monthly data released by the Association of Mutual Funds in India (AMFI). Monthly SIP contributions dipped a bit to ₹31,115 crore in April, down from ₹32,087 crore in March, suggesting a slight pause in the steady SIP momentum seen earlier.

Equity mutual funds recorded net inflows of ₹38,440 crore in April 2026, compared to a stronger ₹40,450 crore in March 2026. Flexi cap funds continued to lead equity flows, with ₹10,147 crore in April, slightly higher than ₹10,054 crore in March.

Consistent buying by MFs at a time of when benchmarks are trading on a weak note and shows their confidence in these companies.

Axis Mutual Fund Trustee, SBI Equity Minimum Variance Fund, UTI Arbitrage Fund, Invesco India ELSS Tax Saver Fund, Kotak Infrastructure and Economic Reform Fund, HDFC Large and Mid Cap Fund and ICICI Prudential Large and Mid Cap Fund are the prominent funds that own stake in the company.

Motilal Oswal NIFTY 500 Index Fund and ICICI Prudential Mutual Fund are the prominent funds that collectively own 8.86% stake in the company.

Nippon Life India Trustee Franklin India Flexu Cap Fund and Axis Mutual Fund Trustee are also among the major MFs that own stake in the company.

Motilal Oswal Nifty India Defence Index Fund, Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund, HDFC Defence Fund Axis Mutual Fund A/C Axis Small Cap Fund are the prominent funds that own shares in the company.

ICICI Prudential Multi-Asset Fund and Nippon India Multi Cap Fund are top fund houses that hold stake in the company.

DSP Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund and SBI Mutual Fund are top fund houses that own stake in the company.

Triveni Turbine, Eternal, JSW Cement, L&T Technology Services, Tube Investment of India, Adani Energy, Lauris Labs, Swiggy and Ather Energy among others also saw MFs raise their stake.