Mutual Funds Holding Ashok Leyland Limited

Industrials119 fundsISIN INE208A01029

As of 31 July 2026, 119 Indian mutual funds hold Ashok Leyland Limited (Industrials), led by Sundaram Arbitrage Fund at 6.29% of its net assets, per the AMCs' SEBI-mandated monthly disclosures.

As of 31 July 2026, 119 Indian mutual fund schemes disclose a holding in Ashok Leyland Limited (Industrials). 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 119 funds holding Ashok Leyland Limited, the average position size is 1.1% of net assets. The highest-conviction holder is Sundaram Arbitrage Fund (Hybrid), at 6.29%. Hybrid funds account for 50 of the 119 holders, with the rest spread across 2 other categories. Over the last month, 15 funds initiated a new position and 12 funds exited, with the largest weight change at Sundaram Arbitrage Fund (+1.21pp to 6.29%).

Fund Activity Last Month

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

15 started a position12 exited15 increased3 reduced

New Positions

Helios Arbitrage Fund at 2.13%
Axis Momentum Fund at 1.15%
TRUSTMF Mid Cap Fund at 1.15%
UTI Multi Cap Fund at 1.09%
UTI - MNC Fund at 1.05%
The Wealth Company Multiasset Alloc Fund at 0.56%
Sundaram Aggressive Hybrid Fund at 0.37%
Sundaram Multi Asset Allocation Fund at 0.35%
Sundaram Balanced Advantage Fund at 0.33%
Axis Arbitrage Fund at 0.3%
quant Arbitrage Fund at 0.28%
HSBC Arbitrage Fund at 0.24%
Sundaram Equity Savings Fund at 0.19%
ICICI Prudential Large & Mid Cap Fund at 0.16%
Kotak Balanced Advantage Fund at 0.1%

Complete Exits

Aditya Birla Sun Life Quant Fund was 3.74%
Samco Mid Cap Fund was 3.55%
SBI MNC Fund was 1.5%
The Wealth Company Balanced Advt Fund was 1.32%
TRUSTMF Arbitrage Fund was 1.08%
Franklin India Large Cap Fund was 0.69%
Franklin India Large & Mid Cap Fund was 0.67%
PGIM INDIA LARGE CAP FUND was 0.52%
PGIM INDIA FLEXI CAP FUND was 0.51%
Axis Midcap Fund was 0.42%
Samco Multi Asset Allocation Fund was 0.4%
Kotak Quant Fund was 0.24%

Weight Increased

Fund	Weight	Change
Sundaram Arbitrage Fund	5.08% → 6.29%	▲ +1.21
ICICI Prudential Focused Equity Fund	1.62% → 2.63%	▲ +1.01
UTI - Mid Cap Fund	0.13% → 1.14%	▲ +1.01
Groww Multicap Fund	1.74% → 2.63%	▲ +0.89
WhiteOak Capital Equity Savings Fund	0.75% → 1.57%	▲ +0.82
ICICI Prudential Transportation and Logistics Fund	2.24% → 2.99%	▲ +0.75
Motilal Oswal Arbitrage Fund	0.01% → 0.64%	▲ +0.63
Mirae Asset Equity Savings Fund	0.21% → 0.55%	▲ +0.34
HSBC Balanced Advantage Fund	0.47% → 0.78%	▲ +0.31
Aditya Birla Sun Life Midcap Fund	0.78% → 1.05%	▲ +0.27
Invesco India Manufacturing Fund	1.5% → 1.73%	▲ +0.23
CANARA ROBECO VALUE FUND	0.78% → 1%	▲ +0.22
HSBC Flexi Cap Fund	1.1% → 1.28%	▲ +0.18
Franklin India Conservative Hybrid Fund	0.2% → 0.34%	▲ +0.14
Kotak Infrastructure and Economic Reform Fund	1.93% → 2.05%	▲ +0.12

Weight Reduced

Fund	Weight	Change
Navi ELSS Tax Saver Fund	4.9% → 4.07%	▼ -0.83
Quant Fund	3.63% → 2.87%	▼ -0.76
Motilal Oswal Flexi Cap Fund	3.24% → 2.48%	▼ -0.76

Funds Holding Ashok Leyland Limited

#	Fund	AMC	Category	% to NAV
1	Sundaram Arbitrage Fund	Sundaram Mutual Fund	Hybrid	6.29%
2	Motilal Oswal Manufacturing Fund	Motilal Oswal Mutual Fund	Thematic	4.09%
3	Navi ELSS Tax Saver Fund	Navi Mutual Fund	Equity	4.07%
4	Kotak Transportation & Logistics Fund	Kotak Mahindra Mutual Fund	Thematic	3.66%
5	ICICI Prudential Transportation and Logistics Fund	ICICI Prudential Mutual Fund	Thematic	2.99%
6	Kotak MNC Fund	Kotak Mahindra Mutual Fund	Thematic	2.97%
7	Quant Fund	360 ONE Mutual Fund	Equity	2.87%
8	Motilal Oswal Infrastructure Fund	Motilal Oswal Mutual Fund	Thematic	2.84%
9	Groww Multicap Fund	Groww Mutual Fund	Equity	2.63%
10	ICICI Prudential Focused Equity Fund	ICICI Prudential Mutual Fund	Equity	2.63%
11	Motilal Oswal Special Opportunities Fund	Motilal Oswal Mutual Fund	Thematic	2.56%
12	HDFC MNC Fund	HDFC Mutual Fund	Thematic	2.5%
13	Motilal Oswal Flexi Cap Fund	Motilal Oswal Mutual Fund	Equity	2.48%
14	Motilal Oswal Business Cycle Fund	Motilal Oswal Mutual Fund	Thematic	2.43%
15	Motilal Oswal Quant Fund	Motilal Oswal Mutual Fund	Equity	2.3%
16	Groww ELSS Tax Saver Fund	Groww Mutual Fund	Equity	2.27%
17	SBI Large and Midcap Fund	SBI Mutual Fund	Equity	2.2%
18	Kotak Large & Midcap Fund	Kotak Mahindra Mutual Fund	Equity	2.18%
19	Helios Arbitrage Fund	Helios Mutual Fund	Hybrid	2.13%
20	Kotak Infrastructure and Economic Reform Fund	Kotak Mahindra Mutual Fund	Thematic	2.05%
21	Franklin India Mid Cap Fund	Franklin Templeton Mutual Fund	Equity	1.88%
22	Aditya Birla Sun Life Transportation And Logistics Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.81%
23	ICICI Prudential Rural Opportunities Fund	ICICI Prudential Mutual Fund	Thematic	1.79%
24	LIC MF EQUITY SAVINGS FUND	LIC Mutual Fund	Hybrid	1.76%
25	Invesco India Manufacturing Fund	Invesco Mutual Fund	Thematic	1.73%
26	Kotak Manufacture In India Fund	Kotak Mahindra Mutual Fund	Thematic	1.69%
27	JM Midcap Fund	JM Financial Mutual Fund	Equity	1.62%
28	Franklin India Multi Asset Allocation Fund	Franklin Templeton Mutual Fund	Hybrid	1.58%
29	WhiteOak Capital Equity Savings Fund	WhiteOak Capital Mutual Fund	Hybrid	1.57%
30	Sundaram Multi Cap Fund	Sundaram Mutual Fund	Equity	1.56%
31	Motilal Oswal Contra Fund	Motilal Oswal Mutual Fund	Equity	1.52%
32	Nippon India Growth Mid Cap Fund	Nippon India Mutual Fund	Equity	1.44%
33	Franklin India Flexi Cap Fund	Franklin Templeton Mutual Fund	Equity	1.39%
34	Sundaram Value Fund	Sundaram Mutual Fund	Equity	1.39%
35	Groww Multi Asset Allocation Fund	Groww Mutual Fund	Hybrid	1.37%
36	Baroda BNP Paribas Mid Cap Fund	Baroda BNP Paribas Mutual Fund	Equity	1.35%
37	HSBC Flexi Cap Fund	HSBC Mutual Fund	Equity	1.28%
38	Sundaram Multi-Factor Fund	Sundaram Mutual Fund	Equity	1.27%
39	Sundaram Mid Cap Fund	Sundaram Mutual Fund	Equity	1.17%
40	Axis Momentum Fund	Axis Mutual Fund	Equity	1.15%
41	TRUSTMF Mid Cap Fund	Trust Mutual Fund	Equity	1.15%
42	Kotak Contra Fund	Kotak Mahindra Mutual Fund	Equity	1.14%
43	UTI - Mid Cap Fund	UTI Mutual Fund	Equity	1.14%
44	TATA MID CAP FUND	Tata Mutual Fund	Equity	1.1%
45	Franklin India Aggressive Hybrid Fund	Franklin Templeton Mutual Fund	Hybrid	1.09%
46	UTI Multi Cap Fund	UTI Mutual Fund	Equity	1.09%
47	HSBC Consumption Fund	HSBC Mutual Fund	Thematic	1.06%
48	Aditya Birla Sun Life Midcap Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.05%
49	Kotak Dividend Yield Fund	Kotak Mahindra Mutual Fund	Equity	1.05%
50	UTI - MNC Fund	UTI Mutual Fund	Thematic	1.05%
51	Franklin India Balanced Advantage Fund	Franklin Templeton Mutual Fund	Hybrid	1.03%
52	CANARA ROBECO VALUE FUND	Canara Robeco Mutual Fund	Equity	1%
53	JioBlackRock Arbitrage Fund	Jio BlackRock Mutual Fund	Hybrid	0.99%
54	SBI Flexicap Fund	SBI Mutual Fund	Equity	0.96%
55	ICICI Prudential Business Cycle Fund	ICICI Prudential Mutual Fund	Thematic	0.93%
56	Kotak Rural Opportunities Fund	Kotak Mahindra Mutual Fund	Thematic	0.93%
57	UTI Quant Fund	UTI Mutual Fund	Equity	0.87%
58	ICICI Prudential Innovation Fund	ICICI Prudential Mutual Fund	Thematic	0.86%
59	WhiteOak Capital Arbitrage Fund	WhiteOak Capital Mutual Fund	Hybrid	0.8%
60	HSBC Balanced Advantage Fund	HSBC Mutual Fund	Hybrid	0.78%
61	Bajaj Finserv Arbitrage Fund	Bajaj Finserv Mutual Fund	Hybrid	0.77%
62	UTI - Transportation and Logistics Fund	UTI Mutual Fund	Thematic	0.76%
63	CANARA ROBECO MULTI CAP FUND	Canara Robeco Mutual Fund	Equity	0.75%
64	Groww Value Fund	Groww Mutual Fund	Equity	0.73%
65	PGIM INDIA MIDCAP FUND	PGIM India Mutual Fund	Equity	0.73%
66	Sundaram Dividend Yield Fund	Sundaram Mutual Fund	Equity	0.7%
67	Mirae Asset Arbitrage Fund	Mirae Asset Mutual Fund	Hybrid	0.69%
68	PGIM INDIA LARGE AND MIDCAP FUND	PGIM India Mutual Fund	Equity	0.67%
69	Motilal Oswal Arbitrage Fund	Motilal Oswal Mutual Fund	Hybrid	0.64%
70	UTI Multi Asset Allocation Fund	UTI Mutual Fund	Hybrid	0.6%
71	Sundaram Infrastructure Advantage Fund	Sundaram Mutual Fund	Thematic	0.59%
72	Groww Aggressive Hybrid Fund	Groww Mutual Fund	Hybrid	0.58%
73	Navi Flexi Cap Fund	Navi Mutual Fund	Equity	0.57%
74	Groww Arbitrage Fund	Groww Mutual Fund	Hybrid	0.56%
75	NIPPON INDIA ARBITRAGE FUND	Nippon India Mutual Fund	Hybrid	0.56%
76	The Wealth Company Multiasset Alloc Fund	The Wealth Company Mutual Fund	Hybrid	0.56%
77	CANARA ROBECO ELSS TAX SAVER	Canara Robeco Mutual Fund	Equity	0.55%
78	Franklin India Arbitrage Fund	Franklin Templeton Mutual Fund	Hybrid	0.55%
79	HDFC Large and Mid Cap Fund	HDFC Mutual Fund	Equity	0.55%
80	Mirae Asset Equity Savings Fund	Mirae Asset Mutual Fund	Hybrid	0.55%
81	Aditya Birla Sun Life Arbitrage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.52%
82	JioBlackRock Flexi Cap Fund	Jio BlackRock Mutual Fund	Equity	0.5%
83	PGIM INDIA MULTI CAP FUND	PGIM India Mutual Fund	Equity	0.5%
84	PGIM INDIA AGGRESSIVE HYBRID EQUITY FUND	PGIM India Mutual Fund	Hybrid	0.49%
85	Unifi Dynamic Asset Allocation Fund	Unifi Mutual Fund	Hybrid	0.48%
86	DSP Arbitrage Fund	DSP Mutual Fund	Hybrid	0.47%
87	HDFC Flexi Cap Fund	HDFC Mutual Fund	Equity	0.45%
88	Navi Aggressive Hybrid Fund	Navi Mutual Fund	Hybrid	0.4%
89	PGIM INDIA ELSS TAX SAVER FUND	PGIM India Mutual Fund	Equity	0.4%
90	Samco Dynamic Asset Allocation Fund	Samco Mutual Fund	Hybrid	0.38%
91	Sundaram Aggressive Hybrid Fund	Sundaram Mutual Fund	Hybrid	0.37%
92	HSBC Infrastructure Fund	HSBC Mutual Fund	Thematic	0.36%
93	PGIM INDIA BALANCED ADVANTAGE FUND	PGIM India Mutual Fund	Hybrid	0.35%
94	PGIM INDIA MULTI ASSET ALLOCATION FUND	PGIM India Mutual Fund	Hybrid	0.35%
95	Sundaram Multi Asset Allocation Fund	Sundaram Mutual Fund	Hybrid	0.35%
96	Franklin India Conservative Hybrid Fund	Franklin Templeton Mutual Fund	Hybrid	0.34%
97	Sundaram Balanced Advantage Fund	Sundaram Mutual Fund	Hybrid	0.33%
98	Axis Arbitrage Fund	Axis Mutual Fund	Hybrid	0.3%
99	Kotak Debt Hybrid Fund	Kotak Mahindra Mutual Fund	Hybrid	0.28%
100	quant Arbitrage Fund	quant Mutual Fund	Hybrid	0.28%
101	SBI Arbitrage Opportunities Fund	SBI Mutual Fund	Hybrid	0.27%
102	JioBlackRock Large Cap Fund	Jio BlackRock Mutual Fund	Equity	0.26%
103	HDFC Arbitrage Fund	HDFC Mutual Fund	Hybrid	0.24%
104	HSBC Arbitrage Fund	HSBC Mutual Fund	Hybrid	0.24%
105	JioBlackRock Sector Rotation Fund	Jio BlackRock Mutual Fund	Thematic	0.24%
106	Sundaram Equity Savings Fund	Sundaram Mutual Fund	Hybrid	0.19%
107	ICICI Prudential Arbitrage Fund	ICICI Prudential Mutual Fund	Hybrid	0.18%
108	HDFC Balanced Advantage Fund	HDFC Mutual Fund	Hybrid	0.16%
109	ICICI Prudential Large & Mid Cap Fund	ICICI Prudential Mutual Fund	Equity	0.16%
110	Mirae Asset Multi Asset Allocation Fund	Mirae Asset Mutual Fund	Hybrid	0.15%
111	Kotak Balanced Advantage Fund	Kotak Mahindra Mutual Fund	Hybrid	0.1%
112	Mirae Asset Balanced Advantage Fund	Mirae Asset Mutual Fund	Hybrid	0.1%
113	Parag Parikh Flexi Cap Fund	PPFAS Mutual Fund	Equity	0.02%
114	Baroda BNP Paribas Arbitrage Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.01%
115	HSBC Midcap Fund	HSBC Mutual Fund	Equity	0%
116	Kotak Arbitrage Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
117	NJ Balanced Advantage Fund	NJ Mutual Fund	Hybrid	0%
118	TATA ARBITRAGE FUND	Tata Mutual Fund	Hybrid	0%
119	UTI - Arbitrage Fund	UTI 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.