Mutual Funds Holding Hindalco Industries Limited

Materials183 fundsISIN INE038A01020

As of 31 July 2026, 183 Indian mutual funds hold Hindalco Industries Limited (Materials), led by LIC MF ARBITRAGE FUND at 9.47% of its net assets, per the AMCs' SEBI-mandated monthly disclosures.

As of 31 July 2026, 183 Indian mutual fund schemes disclose a holding in Hindalco Industries 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 183 funds holding Hindalco Industries Limited, the average position size is 1.26% of net assets. The highest-conviction holder is LIC MF ARBITRAGE FUND (Hybrid), at 9.47%. Hybrid funds account for 87 of the 183 holders, with the rest spread across 2 other categories. Over the last month, 6 funds initiated a new position and 13 funds exited, with the largest weight change at LIC MF ARBITRAGE FUND (+4.57pp to 9.47%).

Fund Activity Last Month

How funds changed their Hindalco Industries 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 position13 exited15 increased15 reduced

New Positions

ICICI Prudential Infrastructure Fund at 1.42%
TRUSTMF Arbitrage Fund at 0.76%
JioBlackRock Flexi Cap Fund at 0.55%
JioBlackRock Large Cap Fund at 0.49%
Taurus Large Cap Fund at 0.39%
NJ Arbitrage Fund at 0.12%

Complete Exits

Motilal Oswal Manufacturing Fund was 4.41%
Samco Large Mid Cap Fund was 3.15%
Axis Momentum Fund was 1.97%
Samco Active Momentum Fund was 1.1%
Axis Large & Mid Cap Fund was 1.04%
Axis Multicap Fund was 0.99%
LIC MF INFRASTRUCTURE FUND was 0.82%
The Wealth Company Arbitrage Fund was 0.77%
PGIM INDIA SMALL CAP FUND was 0.68%
Axis Small Cap Fund was 0.58%
Kotak Flexicap Fund was 0.51%
Aditya Birla Sun Life Conglomerate Fund was 0.35%
ICICI Prudential Conglomerate Fund was 0.06%

Weight Increased

Fund	Weight	Change
LIC MF ARBITRAGE FUND	4.9% → 9.47%	▲ +4.57
Mirae Asset ELSS Tax Saver Fund	0.01% → 1.46%	▲ +1.45
Mirae Asset Large & Midcap Fund	0% → 1.35%	▲ +1.35
WhiteOak Capital Equity Savings Fund	0.76% → 2%	▲ +1.24
Franklin India Large Cap Fund	1.64% → 2.77%	▲ +1.13
Groww Arbitrage Fund	4.99% → 5.86%	▲ +0.87
Baroda BNP Paribas Arbitrage Fund	0.05% → 0.83%	▲ +0.78
Old Bridge Arbitrage Fund	0.05% → 0.73%	▲ +0.68
HDFC Arbitrage Fund	0.54% → 1.09%	▲ +0.55
Aditya Birla Sun Life Quant Fund	2.81% → 3.33%	▲ +0.52
Aditya Birla Sun Life Dividend Yield Fund	1% → 1.5%	▲ +0.5
HSBC Arbitrage Fund	0.01% → 0.47%	▲ +0.46
DSP Natural Resources & New Energy Fund	3.8% → 4.25%	▲ +0.45
Franklin India Large & Mid Cap Fund	1.58% → 2.01%	▲ +0.43
Axis Arbitrage Fund	0.15% → 0.54%	▲ +0.39

Weight Reduced

Fund	Weight	Change
HSBC Large & Mid Cap Fund	3.55% → 0.93%	▼ -2.62
HSBC Multi Asset Allocation Fund	3.88% → 2.25%	▼ -1.63
JM Value Fund	2.28% → 0.81%	▼ -1.47
Samco Large Cap Fund	4.92% → 3.5%	▼ -1.42
HSBC Value Fund	2.09% → 0.74%	▼ -1.35
HSBC Business Cycles Fund	2.66% → 1.37%	▼ -1.29
HSBC Infrastructure Fund	3.24% → 1.96%	▼ -1.28
Mahindra Manulife Manufacturing Fund	4.61% → 3.35%	▼ -1.26
HSBC Multi Cap Fund	1.77% → 0.67%	▼ -1.1
Mahindra Manulife Arbitrage Fund	5.73% → 4.66%	▼ -1.07
HSBC Equity Savings Fund	0.9% → 0.01%	▼ -0.89
Helios Arbitrage Fund	3.16% → 2.27%	▼ -0.89
Axis India Manufacturing Fund	3.64% → 2.86%	▼ -0.78
Invesco India Manufacturing Fund	2.69% → 1.95%	▼ -0.74
Capitalmind Flexi Cap Fund	3.68% → 3.04%	▼ -0.64

Funds Holding Hindalco Industries Limited

#	Fund	AMC	Category	% to NAV
1	LIC MF ARBITRAGE FUND	LIC Mutual Fund	Hybrid	9.47%
2	Groww Arbitrage Fund	Groww Mutual Fund	Hybrid	5.86%
3	ICICI Prudential Commodities Fund	ICICI Prudential Mutual Fund	Thematic	4.69%
4	Mahindra Manulife Arbitrage Fund	Mahindra Manulife Mutual Fund	Hybrid	4.66%
5	DSP Natural Resources & New Energy Fund	DSP Mutual Fund	Thematic	4.25%
6	Samco Large Cap Fund	Samco Mutual Fund	Equity	3.5%
7	Old Bridge Focused Fund	Old Bridge Mutual Fund	Equity	3.37%
8	Mahindra Manulife Manufacturing Fund	Mahindra Manulife Mutual Fund	Thematic	3.35%
9	Aditya Birla Sun Life Quant Fund	Aditya Birla Sun Life Mutual Fund	Equity	3.33%
10	HSBC India Export Opportunities Fund	HSBC Mutual Fund	Equity	3.23%
11	Capitalmind Flexi Cap Fund	Capitalmind Mutual Fund	Equity	3.04%
12	DSP Quant Fund	DSP Mutual Fund	Equity	2.98%
13	Axis India Manufacturing Fund	Axis Mutual Fund	Thematic	2.86%
14	Old Bridge Flexi Cap Fund	Old Bridge Mutual Fund	Equity	2.81%
15	Franklin India Large Cap Fund	Franklin Templeton Mutual Fund	Equity	2.77%
16	Kotak Manufacture In India Fund	Kotak Mahindra Mutual Fund	Thematic	2.64%
17	Aditya Birla Sun Life Focused Fund	Aditya Birla Sun Life Mutual Fund	Equity	2.51%
18	Aditya Birla Sun Life Esg Integration Strategy Fund	Aditya Birla Sun Life Mutual Fund	Thematic	2.5%
19	Aditya Birla Sun Life Manufacturing Equity Fund	Aditya Birla Sun Life Mutual Fund	Thematic	2.47%
20	ICICI Prudential Quant Fund	ICICI Prudential Mutual Fund	Equity	2.43%
21	ICICI Prudential Large & Mid Cap Fund	ICICI Prudential Mutual Fund	Equity	2.37%
22	Baroda BNP Paribas Flexi Cap Fund	Baroda BNP Paribas Mutual Fund	Equity	2.31%
23	JM Large Cap Fund	JM Financial Mutual Fund	Equity	2.29%
24	Helios Arbitrage Fund	Helios Mutual Fund	Hybrid	2.27%
25	HSBC Multi Asset Allocation Fund	HSBC Mutual Fund	Hybrid	2.25%
26	Aditya Birla Sun Life Elss Tax Saver Fund	Aditya Birla Sun Life Mutual Fund	Equity	2.21%
27	Franklin India Arbitrage Fund	Franklin Templeton Mutual Fund	Hybrid	2.08%
28	WhiteOak Capital Arbitrage Fund	WhiteOak Capital Mutual Fund	Hybrid	2.03%
29	Aditya Birla Sun Life Large & Mid Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	2.01%
30	Franklin India Large & Mid Cap Fund	Franklin Templeton Mutual Fund	Equity	2.01%
31	Bajaj Finserv Equity Savings Fund	Bajaj Finserv Mutual Fund	Hybrid	2%
32	WhiteOak Capital Equity Savings Fund	WhiteOak Capital Mutual Fund	Hybrid	2%
33	HSBC Infrastructure Fund	HSBC Mutual Fund	Thematic	1.96%
34	Invesco India Manufacturing Fund	Invesco Mutual Fund	Thematic	1.95%
35	ICICI Prudential Manufacturing Fund	ICICI Prudential Mutual Fund	Thematic	1.93%
36	Samco Arbitrage Fund	Samco Mutual Fund	Hybrid	1.81%
37	CANARA ROBECO INFRASTRUCTURE	Canara Robeco Mutual Fund	Thematic	1.78%
38	Franklin Asian Equity Fund	Franklin Templeton Mutual Fund	Equity	1.76%
39	HSBC Flexi Cap Fund	HSBC Mutual Fund	Equity	1.76%
40	DSP Equity Savings Fund	DSP Mutual Fund	Hybrid	1.74%
41	Aditya Birla Sun Life Business Cycle Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.73%
42	HDFC Housing Opportunities Fund	HDFC Mutual Fund	Thematic	1.66%
43	Aditya Birla Sun Life Flexi Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.63%
44	Aditya Birla Sun Life Large Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.63%
45	SBI Equity Savings Fund	SBI Mutual Fund	Hybrid	1.63%
46	Baroda BNP Paribas ELSS Tax Saver Fund	Baroda BNP Paribas Mutual Fund	Equity	1.59%
47	JM Flexicap Fund	JM Financial Mutual Fund	Equity	1.56%
48	TATA ELSS FUND	Tata Mutual Fund	Equity	1.55%
49	Franklin India Multi-Factor Fund	Franklin Templeton Mutual Fund	Equity	1.53%
50	Groww ELSS Tax Saver Fund	Groww Mutual Fund	Equity	1.52%
51	JM ELSS Tax Saver Fund	JM Financial Mutual Fund	Equity	1.52%
52	TATA DIVIDEND YIELD FUND	Tata Mutual Fund	Equity	1.51%
53	Aditya Birla Sun Life Dividend Yield Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.5%
54	Mirae Asset ELSS Tax Saver Fund	Mirae Asset Mutual Fund	Equity	1.46%
55	LIC MF EQUITY SAVINGS FUND	LIC Mutual Fund	Hybrid	1.45%
56	Samco Multi Cap Fund	Samco Mutual Fund	Equity	1.44%
57	The Wealth Company Balanced Advt Fund	The Wealth Company Mutual Fund	Hybrid	1.44%
58	Sundaram Arbitrage Fund	Sundaram Mutual Fund	Hybrid	1.43%
59	ICICI Prudential Infrastructure Fund	ICICI Prudential Mutual Fund	Thematic	1.42%
60	PGIM INDIA MULTI CAP FUND	PGIM India Mutual Fund	Equity	1.42%
61	Sundaram Equity Savings Fund	Sundaram Mutual Fund	Hybrid	1.41%
62	SBI ELSS Tax Saver Fund	SBI Mutual Fund	Equity	1.38%
63	WhiteOak Capital Large Cap Fund	WhiteOak Capital Mutual Fund	Equity	1.38%
64	HSBC Business Cycles Fund	HSBC Mutual Fund	Thematic	1.37%
65	Kotak Large Cap Fund	Kotak Mahindra Mutual Fund	Equity	1.36%
66	Aditya Birla Sun Life Equity Hybrid '95 Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	1.35%
67	Mirae Asset Large & Midcap Fund	Mirae Asset Mutual Fund	Equity	1.35%
68	Samco Dynamic Asset Allocation Fund	Samco Mutual Fund	Hybrid	1.34%
69	TATA RESOURCES & ENERGY FUND	Tata Mutual Fund	Thematic	1.34%
70	Franklin India Multi Asset Allocation Fund	Franklin Templeton Mutual Fund	Hybrid	1.33%
71	PGIM INDIA FLEXI CAP FUND	PGIM India Mutual Fund	Equity	1.3%
72	HDFC Manufacturing Fund	HDFC Mutual Fund	Thematic	1.29%
73	Kotak Quant Fund	Kotak Mahindra Mutual Fund	Equity	1.29%
74	Franklin India ELSS Tax Saver Fund	Franklin Templeton Mutual Fund	Equity	1.25%
75	Aditya Birla Sun Life Regular Savings Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	1.23%
76	WhiteOak Capital ESG Best-In-Class Strategy Fund	WhiteOak Capital Mutual Fund	Thematic	1.23%
77	DSP Dynamic Asset Allocation Fund	DSP Mutual Fund	Hybrid	1.21%
78	Aditya Birla Sun Life Balanced Advantage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	1.2%
79	Kotak Dividend Yield Fund	Kotak Mahindra Mutual Fund	Equity	1.19%
80	LIC MF BALANCED ADVANTAGE FUND	LIC Mutual Fund	Hybrid	1.17%
81	SBI Contra Fund	SBI Mutual Fund	Equity	1.14%
82	Shriram Aggressive Hybrid Fund	Shriram Mutual Fund	Hybrid	1.14%
83	Franklin India Flexi Cap Fund	Franklin Templeton Mutual Fund	Equity	1.12%
84	Unifi Dynamic Asset Allocation Fund	Unifi Mutual Fund	Hybrid	1.11%
85	Aditya Birla Sun Life Arbitrage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	1.09%
86	Aditya Birla Sun Life Multi Asset Allocation Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	1.09%
87	HDFC Arbitrage Fund	HDFC Mutual Fund	Hybrid	1.09%
88	JioBlackRock Arbitrage Fund	Jio BlackRock Mutual Fund	Hybrid	1.09%
89	WhiteOak Capital ELSS Tax Saver Fund	WhiteOak Capital Mutual Fund	Equity	1.04%
90	Aditya Birla Sun Life Infrastructure Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.03%
91	Kotak Multi Asset Allocation Fund	Kotak Mahindra Mutual Fund	Hybrid	1.02%
92	Parag Parikh Large Cap Fund	PPFAS Mutual Fund	Equity	1.02%
93	SBI Equity Minimum Variance Fund	SBI Mutual Fund	Equity	1%
94	Groww Multi Asset Allocation Fund	Groww Mutual Fund	Hybrid	0.99%
95	Groww Large Cap Fund	Groww Mutual Fund	Equity	0.98%
96	ICICI Prudential Arbitrage Fund	ICICI Prudential Mutual Fund	Hybrid	0.97%
97	Invesco India Elss Tax Saver Fund	Invesco Mutual Fund	Equity	0.97%
98	WhiteOak Capital Flexi Cap Fund	WhiteOak Capital Mutual Fund	Equity	0.97%
99	PGIM INDIA LARGE CAP FUND	PGIM India Mutual Fund	Equity	0.96%
100	Baroda BNP Paribas Equity Savings Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.95%
101	HSBC Large & Mid Cap Fund	HSBC Mutual Fund	Equity	0.93%
102	Invesco India Largecap Fund	Invesco Mutual Fund	Equity	0.93%
103	HDFC Infrastructure Fund	HDFC Mutual Fund	Thematic	0.92%
104	UTI Quant Fund	UTI Mutual Fund	Equity	0.91%
105	Bajaj Finserv Arbitrage Fund	Bajaj Finserv Mutual Fund	Hybrid	0.9%
106	ICICI Prudential Multicap Fund	ICICI Prudential Mutual Fund	Equity	0.84%
107	Baroda BNP Paribas Arbitrage Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.83%
108	JioBlackRock Sector Rotation Fund	Jio BlackRock Mutual Fund	Thematic	0.82%
109	JM Value Fund	JM Financial Mutual Fund	Equity	0.81%
110	Mirae Asset Balanced Advantage Fund	Mirae Asset Mutual Fund	Hybrid	0.81%
111	Groww Aggressive Hybrid Fund	Groww Mutual Fund	Hybrid	0.8%
112	WhiteOak Capital Balanced Advantage Fund	WhiteOak Capital Mutual Fund	Hybrid	0.8%
113	Kotak Contra Fund	Kotak Mahindra Mutual Fund	Equity	0.79%
114	WhiteOak Capital Large & Mid Cap Fund	WhiteOak Capital Mutual Fund	Equity	0.79%
115	HDFC Large and Mid Cap Fund	HDFC Mutual Fund	Equity	0.78%
116	Aditya Birla Sun Life Special Opportunities Fund	Aditya Birla Sun Life Mutual Fund	Thematic	0.77%
117	TRUSTMF Arbitrage Fund	Trust Mutual Fund	Hybrid	0.76%
118	HSBC Value Fund	HSBC Mutual Fund	Equity	0.74%
119	PGIM INDIA BALANCED ADVANTAGE FUND	PGIM India Mutual Fund	Hybrid	0.74%
120	WhiteOak Capital Aggressive Hybrid Fund	WhiteOak Capital Mutual Fund	Hybrid	0.74%
121	Axis ELSS Tax Saver Fund	Axis Mutual Fund	Equity	0.73%
122	Old Bridge Arbitrage Fund	Old Bridge Mutual Fund	Hybrid	0.73%
123	PGIM INDIA ELSS TAX SAVER FUND	PGIM India Mutual Fund	Equity	0.72%
124	Invesco India Contra Fund	Invesco Mutual Fund	Equity	0.71%
125	DSP Arbitrage Fund	DSP Mutual Fund	Hybrid	0.69%
126	HSBC Multi Cap Fund	HSBC Mutual Fund	Equity	0.67%
127	SBI Arbitrage Opportunities Fund	SBI Mutual Fund	Hybrid	0.67%
128	HSBC Balanced Advantage Fund	HSBC Mutual Fund	Hybrid	0.66%
129	CANARA ROBECO LARGE AND MID CAP FUND	Canara Robeco Mutual Fund	Equity	0.64%
130	Capitalmind Arbitrage Fund	Capitalmind Mutual Fund	Hybrid	0.63%
131	Kotak Multicap Fund	Kotak Mahindra Mutual Fund	Equity	0.63%
132	WhiteOak Capital Balanced Hybrid Fund	WhiteOak Capital Mutual Fund	Hybrid	0.62%
133	NIPPON INDIA ARBITRAGE FUND	Nippon India Mutual Fund	Hybrid	0.61%
134	Mirae Asset Multi Asset Allocation Fund	Mirae Asset Mutual Fund	Hybrid	0.57%
135	JioBlackRock Flexi Cap Fund	Jio BlackRock Mutual Fund	Equity	0.55%
136	Mirae Asset Equity Savings Fund	Mirae Asset Mutual Fund	Hybrid	0.55%
137	PGIM INDIA AGGRESSIVE HYBRID EQUITY FUND	PGIM India Mutual Fund	Hybrid	0.55%
138	Axis Arbitrage Fund	Axis Mutual Fund	Hybrid	0.54%
139	CANARA ROBECO BALANCED ADVANTAGE FUND	Canara Robeco Mutual Fund	Hybrid	0.53%
140	WhiteOak Capital Multi Cap Fund	WhiteOak Capital Mutual Fund	Equity	0.51%
141	Aditya Birla Sun Life Multi-Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	0.5%
142	JioBlackRock Large Cap Fund	Jio BlackRock Mutual Fund	Equity	0.49%
143	Mirae Asset Aggressive Hybrid Fund	Mirae Asset Mutual Fund	Hybrid	0.48%
144	HSBC Arbitrage Fund	HSBC Mutual Fund	Hybrid	0.47%
145	ICICI Prudential Balanced Advantage Fund	ICICI Prudential Mutual Fund	Hybrid	0.47%
146	ICICI Prudential Equity Savings Fund	ICICI Prudential Mutual Fund	Hybrid	0.47%
147	Invesco India Multicap Fund	Invesco Mutual Fund	Equity	0.45%
148	SBI Equity Hybrid Fund	SBI Mutual Fund	Hybrid	0.45%
149	Samco Multi Asset Allocation Fund	Samco Mutual Fund	Hybrid	0.45%
150	Mahindra Manulife Multi Asset Allocation Fund	Mahindra Manulife Mutual Fund	Hybrid	0.44%
151	PGIM INDIA MULTI ASSET ALLOCATION FUND	PGIM India Mutual Fund	Hybrid	0.41%
152	Mirae Asset Arbitrage Fund	Mirae Asset Mutual Fund	Hybrid	0.4%
153	Taurus Large Cap Fund	Taurus Mutual Fund	Equity	0.39%
154	NJ Balanced Advantage Fund	NJ Mutual Fund	Hybrid	0.37%
155	Axis Balanced Advantage Fund	Axis Mutual Fund	Hybrid	0.35%
156	Mahindra Manulife Equity Savings Fund	Mahindra Manulife Mutual Fund	Hybrid	0.35%
157	WhiteOak Capital Multi Asset Allocation Fund	WhiteOak Capital Mutual Fund	Hybrid	0.34%
158	Aditya Birla Sun Life Equity Savings Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.33%
159	Axis Value Fund	Axis Mutual Fund	Equity	0.33%
160	HDFC Multi-Asset Allocation Fund	HDFC Mutual Fund	Hybrid	0.33%
161	ICICI Prudential Multi-Asset Fund	ICICI Prudential Mutual Fund	Hybrid	0.33%
162	JM Arbitrage Fund	JM Financial Mutual Fund	Hybrid	0.3%
163	Parag Parikh Arbitrage Fund	PPFAS Mutual Fund	Hybrid	0.3%
164	HDFC Equity Savings Fund	HDFC Mutual Fund	Hybrid	0.23%
165	PGIM INDIA EQUITY SAVINGS FUND	PGIM India Mutual Fund	Hybrid	0.23%
166	Axis Aggressive Hybrid Fund	Axis Mutual Fund	Hybrid	0.22%
167	HDFC Large Cap Fund	HDFC Mutual Fund	Equity	0.22%
168	Kotak Balanced Advantage Fund	Kotak Mahindra Mutual Fund	Hybrid	0.21%
169	SBI Balanced Advantage Fund	SBI Mutual Fund	Hybrid	0.21%
170	Axis Equity Savings Fund	Axis Mutual Fund	Hybrid	0.18%
171	Nippon India Conservative Hybrid Fund	Nippon India Mutual Fund	Hybrid	0.16%
172	ICICI Prudential Large Cap Fund	ICICI Prudential Mutual Fund	Equity	0.14%
173	NJ Arbitrage Fund	NJ Mutual Fund	Hybrid	0.12%
174	HSBC Midcap Fund	HSBC Mutual Fund	Equity	0.09%
175	Parag Parikh Flexi Cap Fund	PPFAS Mutual Fund	Equity	0.06%
176	Motilal Oswal Arbitrage Fund	Motilal Oswal Mutual Fund	Hybrid	0.03%
177	Parag Parikh Dynamic Asset Allocation Fund	PPFAS Mutual Fund	Hybrid	0.03%
178	HSBC Equity Savings Fund	HSBC Mutual Fund	Hybrid	0.01%
179	Kotak Equity Savings Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
180	UTI - Arbitrage Fund	UTI Mutual Fund	Hybrid	0%
181	UTI - Equity Savings Fund	UTI Mutual Fund	Hybrid	0%
182	Kotak Arbitrage Fund	Kotak Mahindra Mutual Fund	Hybrid	-0.01%
183	TATA ARBITRAGE FUND	Tata Mutual Fund	Hybrid	-0.01%

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.