Mutual Funds Holding Varun Beverages Limited

Consumer Staples198 fundsISIN INE200M01039

As of 30 September 2026, 198 Indian mutual funds hold Varun Beverages Limited (Consumer Staples), led by ICICI Prudential FMCG Fund at 6.61% of its net assets, per the AMCs' SEBI-mandated monthly disclosures.

As of 30 September 2026, 198 Indian mutual fund schemes disclose a holding in Varun Beverages Limited (Consumer Staples). 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 198 funds holding Varun Beverages Limited, the average position size is 1.14% of net assets. The highest-conviction holder is ICICI Prudential FMCG Fund (Thematic), at 6.61%. Hybrid funds account for 86 of the 198 holders, with the rest spread across 2 other categories. Over the last month, 8 funds initiated a new position and 7 funds exited, with the largest weight change at ICICI Prudential FMCG Fund (+1.88pp to 6.61%).

Fund Activity Last Month

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

8 started a position7 exited15 increased9 reduced

New Positions

Bajaj Finserv Consumption Fund at 1.53%
HSBC Equity Savings Fund at 1.2%
ICICI Prudential Quality Fund at 1%
Taurus Elss Tax Saver Fund at 0.97%
Baroda BNP Paribas Value Fund at 0.59%
Baroda BNP Paribas ESG Best-in-Class Strategy Fund at 0.57%
Baroda BNP Paribas Dividend Yield Fund at 0.32%
Capitalmind Arbitrage Fund at 0.24%

Complete Exits

Weight Increased

Fund	Weight	Change
ICICI Prudential FMCG Fund	4.73% → 6.61%	▲ +1.88
HSBC Arbitrage Fund	0.14% → 1.64%	▲ +1.5
The Wealth Company Small Cap Fund	0.71% → 1.87%	▲ +1.16
Sundaram Consumption Fund	3.03% → 4.1%	▲ +1.07
CANARA ROBECO MID CAP FUND	0.84% → 1.86%	▲ +1.02
Bandhan Focused Fund	1.67% → 2.64%	▲ +0.97
Groww Arbitrage Fund	0.18% → 0.87%	▲ +0.69
Bandhan Large & Mid Cap Fund	0.39% → 0.98%	▲ +0.59
JM Arbitrage Fund	1.08% → 1.65%	▲ +0.57
TATA INDIA CONSUMER FUND	3.62% → 4.15%	▲ +0.53
Nippon India Consumption Fund	2.98% → 3.5%	▲ +0.52
TATA LARGE & MID CAP FUND	3.65% → 4.17%	▲ +0.52
The Wealth Company Large & Mid Cap Fund	1.39% → 1.91%	▲ +0.52
SBI Consumption Opportunities Fund	3.31% → 3.82%	▲ +0.51
Nippon India Focused Fund	3.25% → 3.75%	▲ +0.5

Weight Reduced

Fund	Weight	Change
HSBC India Export Opportunities Fund	2.39% → 1.3%	▼ -1.09
Focused Fund	3.1% → 2.09%	▼ -1.01
TATA AGGRESSIVE HYBRID FUND	1.67% → 1.08%	▼ -0.59
HSBC Consumption Fund	3.21% → 2.82%	▼ -0.39
HSBC Flexi Cap Fund	1.12% → 0.82%	▼ -0.3
CANARA ROBECO ELSS TAX SAVER	1.25% → 1.08%	▼ -0.17
HDFC Consumption Fund	1.95% → 1.78%	▼ -0.17
CANARA ROBECO EQUITY HYBRID FUND	1.03% → 0.88%	▼ -0.15
Aditya Birla Sun Life Large & Mid Cap Fund	0.46% → 0.34%	▼ -0.12

Funds Holding Varun Beverages Limited

#	Fund	AMC	Category	% to NAV
1	ICICI Prudential FMCG Fund	ICICI Prudential Mutual Fund	Thematic	6.61%
2	TATA LARGE & MID CAP FUND	Tata Mutual Fund	Equity	4.17%
3	TATA INDIA CONSUMER FUND	Tata Mutual Fund	Thematic	4.15%
4	Sundaram Consumption Fund	Sundaram Mutual Fund	Thematic	4.1%
5	SBI Consumption Opportunities Fund	SBI Mutual Fund	Thematic	3.82%
6	Union Consumption Fund	Union Mutual Fund	Thematic	3.79%
7	Nippon India Focused Fund	Nippon India Mutual Fund	Equity	3.75%
8	Nippon India Consumption Fund	Nippon India Mutual Fund	Thematic	3.5%
9	Nippon India Innovation Fund	Nippon India Mutual Fund	Thematic	3.47%
10	Taurus Large Cap Fund	Taurus Mutual Fund	Equity	3.42%
11	PGIM INDIA ARBITRAGE FUND	PGIM India Mutual Fund	Hybrid	3.32%
12	Mirae Asset Great Consumer Fund	Mirae Asset Mutual Fund	Thematic	3.17%
13	ITI Arbitrage Fund	ITI Mutual Fund	Hybrid	3.06%
14	CANARA ROBECO CONSUMPTION FUND	Canara Robeco Mutual Fund	Thematic	3%
15	HSBC Consumption Fund	HSBC Mutual Fund	Thematic	2.82%
16	Motilal Oswal Consumption Fund	Motilal Oswal Mutual Fund	Thematic	2.75%
17	CANARA ROBECO FOCUSED FUND	Canara Robeco Mutual Fund	Equity	2.74%
18	Motilal Oswal Balanced Advantage Fund	Motilal Oswal Mutual Fund	Hybrid	2.72%
19	Bandhan Focused Fund	Bandhan Mutual Fund	Equity	2.64%
20	Axis Consumption Fund	Axis Mutual Fund	Thematic	2.59%
21	Axis ESG Integration Strategy Fund	Axis Mutual Fund	Thematic	2.28%
22	Mahindra Manulife Consumption Fund	Mahindra Manulife Mutual Fund	Thematic	2.21%
23	Focused Fund	360 ONE Mutual Fund	Equity	2.09%
24	SBI Flexicap Fund	SBI Mutual Fund	Equity	2.02%
25	SBI Large Cap Fund	SBI Mutual Fund	Equity	2.02%
26	Navi Flexi Cap Fund	Navi Mutual Fund	Equity	1.95%
27	Nippon India Growth Mid Cap Fund	Nippon India Mutual Fund	Equity	1.94%
28	Aditya Birla Sun Life Elss Tax Saver Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.93%
29	The Wealth Company Large & Mid Cap Fund	The Wealth Company Mutual Fund	Equity	1.91%
30	Flexi Cap	360 ONE Mutual Fund	Equity	1.89%
31	Nippon India ELSS Tax Saver Fund	Nippon India Mutual Fund	Thematic	1.87%
32	The Wealth Company Small Cap Fund	The Wealth Company Mutual Fund	Equity	1.87%
33	CANARA ROBECO MID CAP FUND	Canara Robeco Mutual Fund	Equity	1.86%
34	HDFC Consumption Fund	HDFC Mutual Fund	Thematic	1.78%
35	ITI Bharat Consumption Fund	ITI Mutual Fund	Thematic	1.78%
36	TATA BUSINESS CYCLE FUND	Tata Mutual Fund	Thematic	1.76%
37	Aditya Birla Sun Life Consumption Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.73%
38	CANARA ROBECO VALUE FUND	Canara Robeco Mutual Fund	Equity	1.73%
39	UTI - India Consumer Fund	UTI Mutual Fund	Thematic	1.69%
40	JM Arbitrage Fund	JM Financial Mutual Fund	Hybrid	1.65%
41	Edelweiss Consumption Fund	Edelweiss Mutual Fund	Thematic	1.64%
42	HSBC Arbitrage Fund	HSBC Mutual Fund	Hybrid	1.64%
43	CANARA ROBECO MANUFACTURING FUND	Canara Robeco Mutual Fund	Thematic	1.62%
44	CANARA ROBECO MULTI ASSET ALLOCATION FUND	Canara Robeco Mutual Fund	Hybrid	1.61%
45	Aditya Birla Sun Life Esg Integration Strategy Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.59%
46	UTI ELSS Tax Saver Fund	UTI Mutual Fund	Equity	1.59%
47	Navi Large & Midcap Fund	Navi Mutual Fund	Equity	1.55%
48	Aditya Birla Sun Life Special Opportunities Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.54%
49	Bajaj Finserv Consumption Fund	Bajaj Finserv Mutual Fund	Thematic	1.53%
50	Mahindra Manulife Innovation Opportunities Fund	Mahindra Manulife Mutual Fund	Thematic	1.52%
51	Nippon India Vision Large & Mid Cap Fund	Nippon India Mutual Fund	Equity	1.52%
52	PGIM INDIA LARGE CAP FUND	PGIM India Mutual Fund	Equity	1.52%
53	PGIM INDIA FLEXI CAP FUND	PGIM India Mutual Fund	Equity	1.47%
54	SBI Quality Fund	SBI Mutual Fund	Equity	1.45%
55	LIC MF ELSS Tax Saver Fund	LIC Mutual Fund	Equity	1.42%
56	Bandhan Innovation Fund	Bandhan Mutual Fund	Thematic	1.38%
57	LIC MF ELSS TAX SAVER	LIC Mutual Fund	Equity	1.38%
58	Mahindra Manulife Mid Cap Fund	Mahindra Manulife Mutual Fund	Equity	1.37%
59	Bandhan Flexi Cap Fund	Bandhan Mutual Fund	Equity	1.34%
60	PGIM INDIA BALANCED ADVANTAGE FUND	PGIM India Mutual Fund	Hybrid	1.31%
61	HSBC India Export Opportunities Fund	HSBC Mutual Fund	Equity	1.3%
62	Shriram Multi Asset Allocation	Shriram Mutual Fund	Hybrid	1.27%
63	CANARA ROBECO BALANCED ADVANTAGE FUND	Canara Robeco Mutual Fund	Hybrid	1.22%
64	ITI Large Cap Fund	ITI Mutual Fund	Equity	1.22%
65	PGIM INDIA LARGE AND MIDCAP FUND	PGIM India Mutual Fund	Equity	1.22%
66	Shriram Aggressive Hybrid Fund	Shriram Mutual Fund	Hybrid	1.22%
67	Bandhan Large Cap Fund	Bandhan Mutual Fund	Equity	1.21%
68	Invesco India Contra Fund	Invesco Mutual Fund	Equity	1.21%
69	CANARA ROBECO FLEXICAP FUND	Canara Robeco Mutual Fund	Equity	1.2%
70	HSBC Equity Savings Fund	HSBC Mutual Fund	Hybrid	1.2%
71	UTI Value Fund	UTI Mutual Fund	Equity	1.2%
72	Union Flexi Cap Fund	Union Mutual Fund	Equity	1.19%
73	Motilal Oswal Large Cap Fund	Motilal Oswal Mutual Fund	Equity	1.18%
74	LIC MF CONSUMPTION FUND	LIC Mutual Fund	Thematic	1.17%
75	Nippon India Flexi Cap Fund	Nippon India Mutual Fund	Equity	1.15%
76	CANARA ROBECO ELSS - TAX SAVER FUND	Canara Robeco Mutual Fund	Equity	1.13%
77	CANARA ROBECO LARGE CAP FUND	Canara Robeco Mutual Fund	Equity	1.13%
78	Aditya Birla Sun Life Multi Asset Allocation Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	1.12%
79	Sundaram Large Cap Fund	Sundaram Mutual Fund	Equity	1.12%
80	CANARA ROBECO ELSS TAX SAVER	Canara Robeco Mutual Fund	Equity	1.08%
81	TATA AGGRESSIVE HYBRID FUND	Tata Mutual Fund	Hybrid	1.08%
82	Baroda BNP Paribas Large Cap Fund	Baroda BNP Paribas Mutual Fund	Equity	1.06%
83	Bandhan Balanced Advantage Fund	Bandhan Mutual Fund	Hybrid	1.05%
84	Baroda BNP Paribas Business Cycle Fund	Baroda BNP Paribas Mutual Fund	Thematic	1.05%
85	Shriram Balanced Advantage Fund	Shriram Mutual Fund	Hybrid	1.03%
86	Balance Hybrid	360 ONE Mutual Fund	Hybrid	1.02%
87	UTI - Large Cap Fund	UTI Mutual Fund	Equity	1.02%
88	Aditya Birla Sun Life Multi-Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.01%
89	Navi Aggressive Hybrid Fund	Navi Mutual Fund	Hybrid	1.01%
90	ICICI Prudential Quality Fund	ICICI Prudential Mutual Fund	Equity	1%
91	ITI Flexi Cap Fund	ITI Mutual Fund	Equity	1%
92	PGIM INDIA ELSS TAX SAVER FUND	PGIM India Mutual Fund	Equity	0.99%
93	Bandhan Large & Mid Cap Fund	Bandhan Mutual Fund	Equity	0.98%
94	CANARA ROBECO LARGE AND MID CAP FUND	Canara Robeco Mutual Fund	Equity	0.97%
95	Mahindra Manulife Flexi Cap Fund	Mahindra Manulife Mutual Fund	Equity	0.97%
96	Taurus Elss Tax Saver Fund	Taurus Mutual Fund	Equity	0.97%
97	UTI - Master Equity Plan Unit Scheme	UTI Mutual Fund	Equity	0.97%
98	Baroda BNP Paribas India Consumption Fund	Baroda BNP Paribas Mutual Fund	Thematic	0.96%
99	Axis Large & Mid Cap Fund	Axis Mutual Fund	Equity	0.95%
100	Mirae Asset Large Cap Fund	Mirae Asset Mutual Fund	Equity	0.95%
101	Mahindra Manulife Manufacturing Fund	Mahindra Manulife Mutual Fund	Thematic	0.94%
102	Union Large & Midcap Fund	Union Mutual Fund	Equity	0.94%
103	JioBlackRock Arbitrage Fund	Jio BlackRock Mutual Fund	Hybrid	0.93%
104	Union Elss Tax Saver Fund	Union Mutual Fund	Equity	0.93%
105	CANARA ROBECO AGGRESSIVE HYBRID FUND	Canara Robeco Mutual Fund	Hybrid	0.91%
106	ICICI Prudential Arbitrage Fund	ICICI Prudential Mutual Fund	Hybrid	0.91%
107	TATA BALANCED ADVANTAGE FUND	Tata Mutual Fund	Hybrid	0.91%
108	Bandhan Business Cycle Fund	Bandhan Mutual Fund	Thematic	0.9%
109	CANARA ROBECO EQUITY HYBRID FUND	Canara Robeco Mutual Fund	Hybrid	0.88%
110	Groww Arbitrage Fund	Groww Mutual Fund	Hybrid	0.87%
111	Baroda BNP Paribas Multi Asset Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.86%
112	Mirae Asset Aggressive Hybrid Fund	Mirae Asset Mutual Fund	Hybrid	0.86%
113	HSBC Flexi Cap Fund	HSBC Mutual Fund	Equity	0.82%
114	SBI Multi Asset Allocation Fund	SBI Mutual Fund	Hybrid	0.78%
115	TATA MULTICAP FUND	Tata Mutual Fund	Equity	0.78%
116	PGIM INDIA AGGRESSIVE HYBRID EQUITY FUND	PGIM India Mutual Fund	Hybrid	0.77%
117	SBI Arbitrage Fund	SBI Mutual Fund	Hybrid	0.76%
118	SBI MultiCap Fund	SBI Mutual Fund	Equity	0.76%
119	Union Midcap Fund	Union Mutual Fund	Equity	0.76%
120	Bandhan Aggressive Hybrid Fund	Bandhan Mutual Fund	Hybrid	0.74%
121	CANARA ROBECO MULTI CAP FUND	Canara Robeco Mutual Fund	Equity	0.73%
122	Axis Arbitrage Fund	Axis Mutual Fund	Hybrid	0.72%
123	Bandhan Arbitrage Fund	Bandhan Mutual Fund	Hybrid	0.72%
124	Baroda BNP Paribas Aggressive Hybrid Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.71%
125	NIPPON INDIA VALUE FUND	Nippon India Mutual Fund	Equity	0.71%
126	CANARA ROBECO CONSERVATIVE HYBRID FUND	Canara Robeco Mutual Fund	Hybrid	0.7%
127	Nippon India Balanced Advantage Fund	Nippon India Mutual Fund	Hybrid	0.68%
128	Axis Aggressive Hybrid Fund	Axis Mutual Fund	Hybrid	0.66%
129	Nippon India Aggressive Hybrid Fund	Nippon India Mutual Fund	Hybrid	0.64%
130	Axis Balanced Advantage Fund	Axis Mutual Fund	Hybrid	0.63%
131	PGIM INDIA MULTI CAP FUND	PGIM India Mutual Fund	Equity	0.61%
132	Shriram Flexi Cap Fund	Shriram Mutual Fund	Equity	0.61%
133	PGIM INDIA MIDCAP FUND	PGIM India Mutual Fund	Equity	0.6%
134	TRUSTMF Arbitrage Fund	Trust Mutual Fund	Hybrid	0.6%
135	Bandhan Multi Asset Allocation Fund	Bandhan Mutual Fund	Hybrid	0.59%
136	Baroda BNP Paribas Value Fund	Baroda BNP Paribas Mutual Fund	Equity	0.59%
137	Mirae Asset Multi Asset Allocation Fund	Mirae Asset Mutual Fund	Hybrid	0.59%
138	Mirae Asset Balanced Advantage Fund	Mirae Asset Mutual Fund	Hybrid	0.58%
139	Baroda BNP Paribas ESG Best-in-Class Strategy Fund	Baroda BNP Paribas Mutual Fund	Thematic	0.57%
140	Shriram ELSS Tax Saver Fund	Shriram Mutual Fund	Equity	0.57%
141	Edelweiss Aggressive Hybrid Fund	Edelweiss Mutual Fund	Hybrid	0.56%
142	Mirae Asset Equity Savings Fund	Mirae Asset Mutual Fund	Hybrid	0.54%
143	Multi Asset Allocation	360 ONE Mutual Fund	Hybrid	0.52%
144	SBI Arbitrage Opportunities Fund	SBI Mutual Fund	Hybrid	0.52%
145	Union Balanced Advantage Fund	Union Mutual Fund	Hybrid	0.52%
146	Edelweiss Balanced Advantage Fund	Edelweiss Mutual Fund	Hybrid	0.5%
147	NIPPON INDIA LARGE CAP FUND	Nippon India Mutual Fund	Equity	0.5%
148	Old Bridge Arbitrage Fund	Old Bridge Mutual Fund	Hybrid	0.5%
149	PGIM INDIA MULTI ASSET ALLOCATION FUND	PGIM India Mutual Fund	Hybrid	0.49%
150	JioBlackRock Sector Rotation Fund	Jio BlackRock Mutual Fund	Thematic	0.47%
151	Parag Parikh Large Cap Fund	PPFAS Mutual Fund	Equity	0.46%
152	Axis Multicap Fund	Axis Mutual Fund	Equity	0.45%
153	Axis Large Cap Fund	Axis Mutual Fund	Equity	0.43%
154	HDFC Arbitrage Fund	HDFC Mutual Fund	Hybrid	0.43%
155	Union Equity Savings Fund	Union Mutual Fund	Hybrid	0.43%
156	Axis Value Fund	Axis Mutual Fund	Equity	0.38%
157	Parag Parikh Arbitrage Fund	PPFAS Mutual Fund	Hybrid	0.38%
158	Bandhan Multi Cap Fund	Bandhan Mutual Fund	Equity	0.37%
159	WhiteOak Capital Large Cap Fund	WhiteOak Capital Mutual Fund	Equity	0.36%
160	Aditya Birla Sun Life Large & Mid Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	0.34%
161	Nippon India Arbitrage Fund	Nippon India Mutual Fund	Hybrid	0.33%
162	Baroda BNP Paribas Dividend Yield Fund	Baroda BNP Paribas Mutual Fund	Equity	0.32%
163	The Wealth Company Arbitrage Fund	The Wealth Company Mutual Fund	Hybrid	0.32%
164	Union Aggressive Hybrid Fund	Union Mutual Fund	Hybrid	0.32%
165	Aditya Birla Sun Life Dividend Yield Fund	Aditya Birla Sun Life Mutual Fund	Equity	0.31%
166	Aditya Birla Sun Life Large Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	0.3%
167	UTI Conservative Hybrid Fund	UTI Mutual Fund	Hybrid	0.3%
168	Bank of India ELSS Tax Saver Fund	Bank of India Mutual Fund	Equity	0.28%
169	DSP Arbitrage Fund	DSP Mutual Fund	Hybrid	0.28%
170	Mirae Asset Arbitrage Fund	Mirae Asset Mutual Fund	Hybrid	0.28%
171	Edelweiss Arbitrage Fund	Edelweiss Mutual Fund	Hybrid	0.25%
172	Capitalmind Arbitrage Fund	Capitalmind Mutual Fund	Hybrid	0.24%
173	Franklin India Arbitrage Fund	Franklin Templeton Mutual Fund	Hybrid	0.2%
174	Union Multi Asset Allocation Fund	Union Mutual Fund	Hybrid	0.18%
175	Zerodha Life Cycle Fund 2041	Zerodha Mutual Fund	Hybrid	0.18%
176	Aditya Birla Sun Life Arbitrage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.17%
177	SBI Aggressive Hybrid Fund	SBI Mutual Fund	Hybrid	0.17%
178	SBI Equity Hybrid Fund	SBI Mutual Fund	Hybrid	0.17%
179	WhiteOak Capital Arbitrage Fund	WhiteOak Capital Mutual Fund	Hybrid	0.17%
180	PGIM INDIA EQUITY SAVINGS FUND	PGIM India Mutual Fund	Hybrid	0.16%
181	Zerodha Life Cycle Fund 2036	Zerodha Mutual Fund	Hybrid	0.15%
182	Unifi Dynamic Asset Allocation Fund	Unifi Mutual Fund	Hybrid	0.12%
183	Zerodha Life Cycle Fund 2031	Zerodha Mutual Fund	Hybrid	0.11%
184	Motilal Oswal Arbitrage Fund	Motilal Oswal Mutual Fund	Hybrid	0.07%
185	NIPPON INDIA EQUITY SAVINGS FUND	Nippon India Mutual Fund	Hybrid	0.06%
186	Bajaj Finserv Arbitrage Fund	Bajaj Finserv Mutual Fund	Hybrid	0.05%
187	Aditya Birla Sun Life Balanced Advantage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.03%
188	ICICI Prudential Equity Savings Fund	ICICI Prudential Mutual Fund	Hybrid	0.03%
189	NJ Balanced Advantage Fund	NJ Mutual Fund	Hybrid	0.03%
190	Baroda BNP Paribas Arbitrage Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.02%
191	HDFC Balanced Advantage Fund	HDFC Mutual Fund	Hybrid	0.01%
192	Kotak Arbitrage Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
193	Kotak Balanced Advantage Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
194	Kotak Equity Savings Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
195	TATA ARBITRAGE FUND	Tata Mutual Fund	Hybrid	0%
196	UTI - Arbitrage Fund	UTI Mutual Fund	Hybrid	0%
197	quant Arbitrage Fund	quant Mutual Fund	Hybrid	0%
198	quant Multi Asset Allocation 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.