Mutual Funds Holding Thermax Limited

Industrials57 fundsISIN INE152A01029

As of 31 July 2026, 57 Indian mutual funds hold Thermax Limited (Industrials), led by SBI Energy Opportunities Fund at 4.4% of its net assets, per the AMCs' SEBI-mandated monthly disclosures.

As of 31 July 2026, 57 Indian mutual fund schemes disclose a holding in Thermax 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 57 funds holding Thermax Limited, the average position size is 1.38% of net assets. The highest-conviction holder is SBI Energy Opportunities Fund (Thematic), at 4.4%. Equity funds account for 36 of the 57 holders, with the rest spread across 2 other categories. Over the last month, 10 funds initiated a new position and 5 funds exited, with the largest weight change at Motilal Oswal Manufacturing Fund (+1.61pp to 4.25%).

Fund Activity Last Month

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

10 started a position5 exited4 increased15 reduced

New Positions

Complete Exits

Weight Increased

FundWeightChange
Motilal Oswal Manufacturing Fund2.64% → 4.25%▲ +1.61
Motilal Oswal Infrastructure Fund3.15% → 4.11%▲ +0.96
HSBC Midcap Fund1.9% → 2.78%▲ +0.88
HSBC Multi Cap Fund0.52% → 0.81%▲ +0.29

Weight Reduced

FundWeightChange
SBI Innovative Opportunities Fund4.01% → 2.48%▼ -1.53
Samco Multi Asset Allocation Fund2.27% → 1.34%▼ -0.93
SBI Energy Opportunities Fund5.23% → 4.4%▼ -0.83
SBI Focused Fund2.51% → 1.98%▼ -0.53
SBI Large Cap Fund2.3% → 1.82%▼ -0.48
Samco Mid Cap Fund2.84% → 2.39%▼ -0.45
CANARA ROBECO MID CAP FUND2.13% → 1.72%▼ -0.41
LIC MF LARGE & MID CAP FUND2.27% → 1.87%▼ -0.4
Aditya Birla Sun Life Multi Asset Allocation Fund1.89% → 1.52%▼ -0.37
Kotak Flexicap Fund2.01% → 1.67%▼ -0.34
LIC MF BALANCED ADVANTAGE FUND2.07% → 1.73%▼ -0.34
SBI ESG Exclusionary Strategy Fund1.78% → 1.45%▼ -0.33
Aditya Birla Sun Life Midcap Fund3.1% → 2.78%▼ -0.32
Bajaj Finserv Flexi Cap Fund2.49% → 2.18%▼ -0.31
Sundaram Infrastructure Advantage Fund2.06% → 1.76%▼ -0.3

Funds Holding Thermax Limited

#FundAMCCategory% to NAV
1SBI Energy Opportunities FundSBI Mutual FundThematic4.4%
2Motilal Oswal Manufacturing FundMotilal Oswal Mutual FundThematic4.25%
3Motilal Oswal Infrastructure FundMotilal Oswal Mutual FundThematic4.11%
4Aditya Birla Sun Life Midcap FundAditya Birla Sun Life Mutual FundEquity2.78%
5HSBC Midcap FundHSBC Mutual FundEquity2.78%
6SBI Innovative Opportunities FundSBI Mutual FundThematic2.48%
7Samco Mid Cap FundSamco Mutual FundEquity2.39%
8Bajaj Finserv Flexi Cap FundBajaj Finserv Mutual FundEquity2.18%
9Bajaj Finserv Large and Midcap FundBajaj Finserv Mutual FundEquity2.09%
10Sundaram Large and Mid Cap FundSundaram Mutual FundEquity2.02%
11SBI Focused FundSBI Mutual FundEquity1.98%
12LIC MF LARGE & MID CAP FUNDLIC Mutual FundEquity1.87%
13SBI Large Cap FundSBI Mutual FundEquity1.82%
14Sundaram Infrastructure Advantage FundSundaram Mutual FundThematic1.76%
15LIC MF BALANCED ADVANTAGE FUNDLIC Mutual FundHybrid1.73%
16CANARA ROBECO MID CAP FUNDCanara Robeco Mutual FundEquity1.72%
17LIC MF AGGRESSIVE HYBRID FUNDLIC Mutual FundHybrid1.72%
18Kotak Flexicap FundKotak Mahindra Mutual FundEquity1.67%
19Sundaram Mid Cap FundSundaram Mutual FundEquity1.58%
20Aditya Birla Sun Life Multi Asset Allocation FundAditya Birla Sun Life Mutual FundHybrid1.52%
21Samco Multi Cap FundSamco Mutual FundEquity1.49%
22SBI ESG Exclusionary Strategy FundSBI Mutual FundThematic1.45%
23LIC MF MID CAP FUNDLIC Mutual FundEquity1.44%
24Samco Special Opportunities FundSamco Mutual FundThematic1.38%
25Samco Multi Asset Allocation FundSamco Mutual FundHybrid1.34%
26HSBC Equity Savings FundHSBC Mutual FundHybrid1.27%
27Samco Active Momentum FundSamco Mutual FundEquity1.27%
28HSBC Large & Mid Cap FundHSBC Mutual FundEquity1.19%
29LIC MF MANUFACTURING FUNDLIC Mutual FundThematic1.17%
30Sundaram ELSS Tax Saver FundSundaram Mutual FundEquity1.17%
31Sundaram Flexi Cap FundSundaram Mutual FundEquity1.17%
32Sundaram Multi Cap FundSundaram Mutual FundEquity1.17%
33TATA DIVIDEND YIELD FUNDTata Mutual FundEquity1.12%
34Sundaram Multi-Factor FundSundaram Mutual FundEquity1.1%
35Aditya Birla Sun Life Manufacturing Equity FundAditya Birla Sun Life Mutual FundThematic1.09%
36Samco Large Mid Cap FundSamco Mutual FundEquity1.09%
37SBI Midcap FundSBI Mutual FundEquity1.06%
38TRUSTMF Mid Cap FundTrust Mutual FundEquity1.03%
39TATA MID CAP FUNDTata Mutual FundEquity1.01%
40Aditya Birla Sun Life Infrastructure FundAditya Birla Sun Life Mutual FundThematic0.99%
41HSBC Multi Asset Allocation FundHSBC Mutual FundHybrid0.85%
42LIC MF VALUE FUNDLIC Mutual FundEquity0.84%
43HSBC Multi Cap FundHSBC Mutual FundEquity0.81%
44CANARA ROBECO INFRASTRUCTURECanara Robeco Mutual FundThematic0.74%
45TATA MULTI ASSET ALLOCATION FUNDTata Mutual FundHybrid0.66%
46ICICI Prudential Multicap FundICICI Prudential Mutual FundEquity0.64%
47LIC MF EQUITY SAVINGS FUNDLIC Mutual FundHybrid0.63%
48JM Midcap FundJM Financial Mutual FundEquity0.58%
49TRUSTMF Large & Mid Cap FundTrust Mutual FundEquity0.54%
50JioBlackRock Flexi Cap FundJio BlackRock Mutual FundEquity0.5%
51JioBlackRock Large Cap FundJio BlackRock Mutual FundEquity0.37%
52PGIM INDIA MIDCAP FUNDPGIM India Mutual FundEquity0.25%
53ICICI Prudential Midcap FundICICI Prudential Mutual FundEquity0.16%
54SBI ELSS Tax Saver FundSBI Mutual FundEquity0.16%
55Bajaj Finserv Balanced Advantage FundBajaj Finserv Mutual FundHybrid0.14%
56ICICI Prudential Large & Mid Cap FundICICI Prudential Mutual FundEquity0.08%
57JioBlackRock Sector Rotation FundJio BlackRock Mutual FundThematic0.08%

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.