Mutual Funds Holding Adani Enterprises Limited

Materials157 fundsISIN INE423A01024

As of 30 September 2026, 157 Indian mutual funds hold Adani Enterprises Limited (Materials), led by quant Commodities Fund at 9.72% of its net assets, per the AMCs' SEBI-mandated monthly disclosures.

As of 30 September 2026, 157 Indian mutual fund schemes disclose a holding in Adani Enterprises Limited (Materials). The table below lists every fund holding this stock along with its weight as a percentage of the fund's net assets (% to NAV), sorted from the highest conviction position downward.

Holding Analysis

Across the 157 funds holding Adani Enterprises Limited, the average position size is 1.89% of net assets. The highest-conviction holder is quant Commodities Fund (Thematic), at 9.72%. Hybrid funds account for 68 of the 157 holders, with the rest spread across 2 other categories. Over the last month, 6 funds initiated a new position and 3 funds exited, with the largest weight change at SBI Energy Opportunities Fund (-0.95pp to 1.37%).

Fund Activity Last Month

How funds changed their Adani Enterprises Limited position between their two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

6 started a position3 exited15 increased15 reduced

New Positions

Kotak Quant Fund at 1.37%
Baroda BNP Paribas Equity Savings Fund at 0.67%
Aditya Birla Sun Life Equity Hybrid '95 Fund at 0.65%
Groww Arbitrage Fund at 0.52%
Groww ELSS Tax Saver Fund at 0.49%
Axis Equity Savings Fund at 0.31%

Complete Exits

Weight Increased

Fund	Weight	Change
quant Momentum Fund	8.36% → 9.06%	▲ +0.7
quant Dynamic Asset Allocation Fund	8.85% → 9.45%	▲ +0.6
JM Arbitrage Fund	1.34% → 1.92%	▲ +0.58
Groww Multi Asset Allocation Fund	0.8% → 1.31%	▲ +0.51
SBI Equity Hybrid Fund	2.09% → 2.55%	▲ +0.46
Axis Quant Fund	4.6% → 5.04%	▲ +0.44
quant Manufacturing Fund	8.68% → 9.12%	▲ +0.44
quant Value Fund	8.9% → 9.32%	▲ +0.42
Aditya Birla Sun Life Conglomerate Fund	4.21% → 4.61%	▲ +0.4
quant Focused Fund	8.35% → 8.74%	▲ +0.39
quant Aggressive Hybrid Fund	8.94% → 9.3%	▲ +0.36
quant Business Cycle Fund	4.75% → 5.11%	▲ +0.36
quant Commodities Fund	9.37% → 9.72%	▲ +0.35
quant ESG Integration Strategy Fund	7.87% → 8.21%	▲ +0.34
SBI Focused Fund	2.73% → 3.04%	▲ +0.31

Weight Reduced

Fund	Weight	Change
SBI Energy Opportunities Fund	2.32% → 1.37%	▼ -0.95
The Wealth Company Flexi Cap Fund	2.92% → 2.07%	▼ -0.85
Bandhan Infrastructure Fund	1.8% → 1.21%	▼ -0.59
The Wealth Company Large & Mid Cap Fund	2.55% → 2.03%	▼ -0.52
TATA FLEXI CAP FUND	1.35% → 0.84%	▼ -0.51
Mahindra Manulife Multi Cap Fund	3.23% → 2.79%	▼ -0.44
SBI Resurgent India Opportunities Scheme	4.66% → 4.27%	▼ -0.39
WhiteOak Capital Arbitrage Fund	1.5% → 1.11%	▼ -0.39
WhiteOak Capital Large Cap Fund	0.83% → 0.59%	▼ -0.24
Edelweiss Arbitrage Fund	1.78% → 1.61%	▼ -0.17
SBI ELSS Tax Saver Fund	3.09% → 2.93%	▼ -0.16
WhiteOak Capital Multi Asset Allocation Fund	0.96% → 0.8%	▼ -0.16
WhiteOak Capital Large & Mid Cap Fund	0.62% → 0.47%	▼ -0.15
WhiteOak Capital ELSS Tax Saver Fund	0.49% → 0.35%	▼ -0.14
WhiteOak Capital Equity Savings Fund	2.18% → 2.04%	▼ -0.14

Funds Holding Adani Enterprises Limited

#	Fund	AMC	Category	% to NAV
1	quant Commodities Fund	quant Mutual Fund	Thematic	9.72%
2	quant Dynamic Asset Allocation Fund	quant Mutual Fund	Hybrid	9.45%
3	quant Value Fund	quant Mutual Fund	Equity	9.32%
4	quant Aggressive Hybrid Fund	quant Mutual Fund	Hybrid	9.3%
5	quant Manufacturing Fund	quant Mutual Fund	Thematic	9.12%
6	quant Momentum Fund	quant Mutual Fund	Equity	9.06%
7	quant Focused Fund	quant Mutual Fund	Equity	8.74%
8	quant ESG Integration Strategy Fund	quant Mutual Fund	Thematic	8.21%
9	quant Large Cap Fund	quant Mutual Fund	Equity	8.17%
10	quant Flexi Cap Fund	quant Mutual Fund	Equity	8.05%
11	quant Multi Asset Allocation Fund	quant Mutual Fund	Hybrid	6.89%
12	quant Large & Mid Cap Fund	quant Mutual Fund	Equity	6.74%
13	quant Infrastructure Fund	quant Mutual Fund	Thematic	6.11%
14	quant Business Cycle Fund	quant Mutual Fund	Thematic	5.11%
15	Axis Quant Fund	Axis Mutual Fund	Equity	5.04%
16	quant Multi Cap Fund	quant Mutual Fund	Equity	4.63%
17	Aditya Birla Sun Life Conglomerate Fund	Aditya Birla Sun Life Mutual Fund	Thematic	4.61%
18	quant Small Cap Fund	quant Mutual Fund	Equity	4.36%
19	SBI Resurgent India Opportunities Scheme	SBI Mutual Fund	Equity	4.27%
20	NJ Arbitrage Fund	NJ Mutual Fund	Hybrid	4.06%
21	SBI MultiCap Fund	SBI Mutual Fund	Equity	3.47%
22	SBI Focused Fund	SBI Mutual Fund	Equity	3.04%
23	SBI ELSS Tax Saver Fund	SBI Mutual Fund	Equity	2.93%
24	Helios Large & Mid Cap Fund	Helios Mutual Fund	Equity	2.86%
25	quant ELSS Tax Saver Fund	quant Mutual Fund	Equity	2.85%
26	Motilal Oswal Infrastructure Fund	Motilal Oswal Mutual Fund	Thematic	2.8%
27	Mahindra Manulife Multi Cap Fund	Mahindra Manulife Mutual Fund	Equity	2.79%
28	Helios Flexi Cap Fund	Helios Mutual Fund	Equity	2.65%
29	SBI Equity Hybrid Fund	SBI Mutual Fund	Hybrid	2.55%
30	TATA INFRASTRUCTURE FUND	Tata Mutual Fund	Thematic	2.54%
31	Helios Balanced Advantage Fund	Helios Mutual Fund	Hybrid	2.53%
32	SBI Aggressive Hybrid Fund	SBI Mutual Fund	Hybrid	2.51%
33	Mahindra Manulife Business Cycle Fund	Mahindra Manulife Mutual Fund	Thematic	2.47%
34	SBI Large and Midcap Fund	SBI Mutual Fund	Equity	2.46%
35	SBI Dividend Yield Fund	SBI Mutual Fund	Equity	2.44%
36	Mahindra Manulife Value Fund	Mahindra Manulife Mutual Fund	Equity	2.4%
37	Aditya Birla Sun Life Value Fund	Aditya Birla Sun Life Mutual Fund	Equity	2.35%
38	The Wealth Company Flexi Cap Fund	The Wealth Company Mutual Fund	Equity	2.07%
39	WhiteOak Capital Equity Savings Fund	WhiteOak Capital Mutual Fund	Hybrid	2.04%
40	The Wealth Company Large & Mid Cap Fund	The Wealth Company Mutual Fund	Equity	2.03%
41	UTI Focused Fund	UTI Mutual Fund	Equity	2.01%
42	TATA LARGE CAP FUND	Tata Mutual Fund	Equity	1.97%
43	JM Arbitrage Fund	JM Financial Mutual Fund	Hybrid	1.92%
44	Mahindra Manulife Small Cap Fund	Mahindra Manulife Mutual Fund	Equity	1.89%
45	Mahindra Manulife Innovation Opportunities Fund	Mahindra Manulife Mutual Fund	Thematic	1.85%
46	Mahindra Manulife Large Cap Fund	Mahindra Manulife Mutual Fund	Equity	1.72%
47	Aditya Birla Sun Life Equity Savings Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	1.71%
48	Edelweiss Arbitrage Fund	Edelweiss Mutual Fund	Hybrid	1.61%
49	SBI Large Cap Fund	SBI Mutual Fund	Equity	1.61%
50	JioBlackRock Arbitrage Fund	Jio BlackRock Mutual Fund	Hybrid	1.57%
51	SBI Arbitrage Opportunities Fund	SBI Mutual Fund	Hybrid	1.51%
52	Aditya Birla Sun Life Balanced Advantage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	1.48%
53	Union Business Cycle Fund	Union Mutual Fund	Thematic	1.45%
54	Franklin India Arbitrage Fund	Franklin Templeton Mutual Fund	Hybrid	1.44%
55	The Wealth Company Arbitrage Fund	The Wealth Company Mutual Fund	Hybrid	1.43%
56	SBI Arbitrage Fund	SBI Mutual Fund	Hybrid	1.41%
57	HDFC Innovation Fund	HDFC Mutual Fund	Thematic	1.4%
58	JM Flexicap Fund	JM Financial Mutual Fund	Equity	1.38%
59	Kotak Quant Fund	Kotak Mahindra Mutual Fund	Equity	1.37%
60	SBI Energy Opportunities Fund	SBI Mutual Fund	Thematic	1.37%
61	Motilal Oswal Large and Midcap Fund	Motilal Oswal Mutual Fund	Equity	1.36%
62	Mahindra Manulife Aggressive Hybrid Fund	Mahindra Manulife Mutual Fund	Hybrid	1.35%
63	JM Aggressive Hybrid Fund	JM Financial Mutual Fund	Hybrid	1.33%
64	Nippon India Arbitrage Fund	Nippon India Mutual Fund	Hybrid	1.32%
65	Axis Arbitrage Fund	Axis Mutual Fund	Hybrid	1.31%
66	Groww Multi Asset Allocation Fund	Groww Mutual Fund	Hybrid	1.31%
67	Baroda BNP Paribas Business Conglomerates Fund	Baroda BNP Paribas Mutual Fund	Thematic	1.3%
68	UTI - Infrastructure Fund	UTI Mutual Fund	Thematic	1.3%
69	Union Largecap Fund	Union Mutual Fund	Equity	1.27%
70	Bandhan Arbitrage Fund	Bandhan Mutual Fund	Hybrid	1.26%
71	TATA BALANCED ADVANTAGE FUND	Tata Mutual Fund	Hybrid	1.26%
72	WhiteOak Capital Balanced Advantage Fund	WhiteOak Capital Mutual Fund	Hybrid	1.23%
73	Bandhan Infrastructure Fund	Bandhan Mutual Fund	Thematic	1.21%
74	Invesco India Contra Fund	Invesco Mutual Fund	Equity	1.19%
75	TATA DIGITAL INDIA FUND	Tata Mutual Fund	Thematic	1.19%
76	SBI Balanced Hybrid Fund	SBI Mutual Fund	Hybrid	1.17%
77	JM Large Cap Fund	JM Financial Mutual Fund	Equity	1.16%
78	Invesco India Large Mid Cap Fund	Invesco Mutual Fund	Equity	1.14%
79	WhiteOak Capital Special Opportunities Fund	WhiteOak Capital Mutual Fund	Thematic	1.14%
80	Aditya Birla Sun Life Multi-Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.13%
81	Motilal Oswal Arbitrage Fund	Motilal Oswal Mutual Fund	Hybrid	1.11%
82	Union Multicap Fund	Union Mutual Fund	Equity	1.11%
83	WhiteOak Capital Arbitrage Fund	WhiteOak Capital Mutual Fund	Hybrid	1.11%
84	Kotak Large & Midcap Fund	Kotak Mahindra Mutual Fund	Equity	1.06%
85	UTI ELSS Tax Saver Fund	UTI Mutual Fund	Equity	1.05%
86	Unifi Dynamic Asset Allocation Fund	Unifi Mutual Fund	Hybrid	1.04%
87	TATA MID CAP FUND	Tata Mutual Fund	Equity	1.03%
88	HSBC Equity Savings Fund	HSBC Mutual Fund	Hybrid	1.02%
89	Mahindra Manulife Large & Mid Cap Fund	Mahindra Manulife Mutual Fund	Equity	1.02%
90	TATA AGGRESSIVE HYBRID FUND	Tata Mutual Fund	Hybrid	1.01%
91	UTI Value Fund	UTI Mutual Fund	Equity	1.01%
92	Aditya Birla Sun Life Special Opportunities Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1%
93	Aditya Birla Sun Life Manufacturing Equity Fund	Aditya Birla Sun Life Mutual Fund	Thematic	0.98%
94	SBI Equity Minimum Variance Fund	SBI Mutual Fund	Equity	0.97%
95	Union Flexi Cap Fund	Union Mutual Fund	Equity	0.97%
96	HDFC Infrastructure Fund	HDFC Mutual Fund	Thematic	0.96%
97	Kotak Large Cap Fund	Kotak Mahindra Mutual Fund	Equity	0.95%
98	TATA MULTICAP FUND	Tata Mutual Fund	Equity	0.89%
99	Union Value Fund	Union Mutual Fund	Equity	0.88%
100	Invesco India Elss Tax Saver Fund	Invesco Mutual Fund	Equity	0.87%
101	Motilal Oswal Midcap Fund	Motilal Oswal Mutual Fund	Equity	0.87%
102	Bajaj Finserv Arbitrage Fund	Bajaj Finserv Mutual Fund	Hybrid	0.86%
103	Aditya Birla Sun Life Multi Asset Allocation Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.85%
104	TATA FLEXI CAP FUND	Tata Mutual Fund	Equity	0.84%
105	Mahindra Manulife Flexi Cap Fund	Mahindra Manulife Mutual Fund	Equity	0.82%
106	UTI Multi Cap Fund	UTI Mutual Fund	Equity	0.82%
107	TATA INDIA INNOVATION FUND	Tata Mutual Fund	Thematic	0.81%
108	WhiteOak Capital Multi Asset Allocation Fund	WhiteOak Capital Mutual Fund	Hybrid	0.8%
109	Parag Parikh Large Cap Fund	PPFAS Mutual Fund	Equity	0.77%
110	Balance Hybrid	360 ONE Mutual Fund	Hybrid	0.76%
111	ELSS Tax Saver	360 ONE Mutual Fund	Equity	0.73%
112	Aditya Birla Sun Life Arbitrage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.69%
113	Bank Of India Balanced Advantage Fund	Bank of India Mutual Fund	Hybrid	0.69%
114	DSP Arbitrage Fund	DSP Mutual Fund	Hybrid	0.69%
115	Baroda BNP Paribas Equity Savings Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.67%
116	Aditya Birla Sun Life Aggressive Hybrid Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.66%
117	Aditya Birla Sun Life Equity Hybrid '95 Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.65%
118	HDFC Arbitrage Fund	HDFC Mutual Fund	Hybrid	0.65%
119	ICICI Prudential Arbitrage Fund	ICICI Prudential Mutual Fund	Hybrid	0.63%
120	HDFC Manufacturing Fund	HDFC Mutual Fund	Thematic	0.62%
121	Baroda BNP Paribas Arbitrage Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.6%
122	UTI - Large Cap Fund	UTI Mutual Fund	Equity	0.59%
123	WhiteOak Capital Large Cap Fund	WhiteOak Capital Mutual Fund	Equity	0.59%
124	Bandhan Balanced Advantage Fund	Bandhan Mutual Fund	Hybrid	0.58%
125	Groww Aggressive Hybrid Fund	Groww Mutual Fund	Hybrid	0.54%
126	Groww Arbitrage Fund	Groww Mutual Fund	Hybrid	0.52%
127	HDFC Flexi Cap Fund	HDFC Mutual Fund	Equity	0.51%
128	Groww ELSS Tax Saver Fund	Groww Mutual Fund	Equity	0.49%
129	HSBC Arbitrage Fund	HSBC Mutual Fund	Hybrid	0.48%
130	UTI Balanced Advantage Fund	UTI Mutual Fund	Hybrid	0.47%
131	WhiteOak Capital Large & Mid Cap Fund	WhiteOak Capital Mutual Fund	Equity	0.47%
132	WhiteOak Capital Aggressive Hybrid Fund	WhiteOak Capital Mutual Fund	Hybrid	0.45%
133	JioBlackRock Sector Rotation Fund	Jio BlackRock Mutual Fund	Thematic	0.44%
134	UTI - Master Equity Plan Unit Scheme	UTI Mutual Fund	Equity	0.44%
135	UTI - Transportation and Logistics Fund	UTI Mutual Fund	Thematic	0.42%
136	WhiteOak Capital Flexi Cap Fund	WhiteOak Capital Mutual Fund	Equity	0.4%
137	Mirae Asset Equity Savings Fund	Mirae Asset Mutual Fund	Hybrid	0.38%
138	Mirae Asset Arbitrage Fund	Mirae Asset Mutual Fund	Hybrid	0.36%
139	Mirae Asset Balanced Advantage Fund	Mirae Asset Mutual Fund	Hybrid	0.36%
140	WhiteOak Capital ELSS Tax Saver Fund	WhiteOak Capital Mutual Fund	Equity	0.35%
141	ICICI Prudential Large Cap Fund	ICICI Prudential Mutual Fund	Equity	0.34%
142	Axis Flexi Cap Fund	Axis Mutual Fund	Equity	0.32%
143	Axis Equity Savings Fund	Axis Mutual Fund	Hybrid	0.31%
144	UTI Conservative Hybrid Fund	UTI Mutual Fund	Hybrid	0.27%
145	WhiteOak Capital Balanced Hybrid Fund	WhiteOak Capital Mutual Fund	Hybrid	0.26%
146	Zerodha Life Cycle Fund 2041	Zerodha Mutual Fund	Hybrid	0.25%
147	NJ Balanced Advantage Fund	NJ Mutual Fund	Hybrid	0.2%
148	Zerodha Life Cycle Fund 2036	Zerodha Mutual Fund	Hybrid	0.2%
149	Zerodha Life Cycle Fund 2031	Zerodha Mutual Fund	Hybrid	0.16%
150	SBI Equity Savings Fund	SBI Mutual Fund	Hybrid	0.15%
151	Edelweiss Multi Asset Allocation Fund	Edelweiss Mutual Fund	Hybrid	0.11%
152	Edelweiss Equity Savings Fund	Edelweiss Mutual Fund	Hybrid	0.03%
153	Kotak Arbitrage Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
154	Kotak Balanced Advantage Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
155	Kotak Equity Savings Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
156	TATA ARBITRAGE FUND	Tata Mutual Fund	Hybrid	0%
157	quant Arbitrage Fund	quant Mutual Fund	Hybrid	0%

Want to interpret these weights? Read How to Read a Mutual Fund's Monthly Portfolio Disclosure, or look up terms like % to NAV and conviction in the glossary.

Source: SEBI-mandated monthly portfolio disclosures by Indian AMCs. Percentages are of each fund's net assets on its latest disclosure date. For information only, not investment advice.