Mutual Funds Holding Varun Beverages Limited

Consumer Staples153 fundsISIN INE200M01039

As of 31 July 2026, 153 Indian mutual funds hold Varun Beverages Limited (Consumer Staples), led by ICICI Prudential FMCG Fund at 4.47% of its net assets, per the AMCs' SEBI-mandated monthly disclosures.

As of 31 July 2026, 153 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 153 funds holding Varun Beverages Limited, the average position size is 1.21% of net assets. The highest-conviction holder is ICICI Prudential FMCG Fund (Thematic), at 4.47%. Equity funds account for 64 of the 153 holders, with the rest spread across 2 other categories. Over the last month, 3 funds initiated a new position and 14 funds exited, with the largest weight change at PGIM INDIA ELSS TAX SAVER FUND (-1.27pp to 0.96%).

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.

3 started a position14 exited11 increased15 reduced

New Positions

SBI MultiCap Fund at 0.75%
The Wealth Company Small Cap Fund at 0.71%
Motilal Oswal Arbitrage Fund at 0.05%

Complete Exits

The Wealth Company Flexi Cap Fund was 2.08%
Sundaram Large and Mid Cap Fund was 1.98%
TRUSTMF Flexi Cap Fund was 1.86%
quant Large & Mid Cap Fund was 1.86%
Helios Balanced Advantage Fund was 1.72%
Baroda BNP Paribas ESG Best-in-Class Strategy Fund was 1.46%
Helios Large & Mid Cap Fund was 1.46%
LIC MF BALANCED ADVANTAGE FUND was 1.44%
Helios Flexi Cap Fund was 1.17%
LIC MF AGGRESSIVE HYBRID FUND was 1.04%
TRUSTMF Mid Cap Fund was 1%
Axis ELSS Tax Saver Fund was 0.64%
NJ Balanced Advantage Fund was 0.1%
Unifi Dynamic Asset Allocation Fund was 0.01%

Weight Increased

Fund	Weight	Change
JM Arbitrage Fund	0.13% → 1.27%	▲ +1.14
Sundaram Consumption Fund	2.32% → 3.39%	▲ +1.07
Focused Fund	2.15% → 3.1%	▲ +0.95
SBI Multi Asset Allocation Fund	0% → 0.83%	▲ +0.83
Flexicap Fund	1.54% → 2.12%	▲ +0.58
UTI - Master Equity Plan Unit Scheme	0.36% → 0.93%	▲ +0.57
UTI - Large Cap Fund	0.46% → 0.97%	▲ +0.51
SBI Consumption Opportunities Fund	3.14% → 3.49%	▲ +0.35
LIC MF ELSS TAX SAVER	1.07% → 1.38%	▲ +0.31
NIPPON INDIA ARBITRAGE FUND	0.11% → 0.4%	▲ +0.29
Nippon India Growth Mid Cap Fund	1.43% → 1.66%	▲ +0.23

Weight Reduced

Fund	Weight	Change
PGIM INDIA ELSS TAX SAVER FUND	2.23% → 0.96%	▼ -1.27
Mirae Asset Great Consumer Fund	3.14% → 1.93%	▼ -1.21
PGIM INDIA AGGRESSIVE HYBRID EQUITY FUND	1.95% → 0.74%	▼ -1.21
quant Arbitrage Fund	3.34% → 2.16%	▼ -1.18
PGIM INDIA BALANCED ADVANTAGE FUND	2.34% → 1.2%	▼ -1.14
Groww Arbitrage Fund	1.19% → 0.13%	▼ -1.06
SBI Quality Fund	2.87% → 1.85%	▼ -1.02
PGIM INDIA MULTI CAP FUND	1.57% → 0.64%	▼ -0.93
TATA INDIA CONSUMER FUND	4.92% → 4.12%	▼ -0.8
PGIM INDIA LARGE AND MIDCAP FUND	1.9% → 1.18%	▼ -0.72
PGIM INDIA LARGE CAP FUND	2.14% → 1.43%	▼ -0.71
TATA LARGE & MID CAP FUND	4.5% → 3.92%	▼ -0.58
CANARA ROBECO CONSUMPTION FUND	3.41% → 2.88%	▼ -0.53
CANARA ROBECO FOCUSED FUND	3.17% → 2.67%	▼ -0.5
Nippon India Active Momentum Fund	2.35% → 1.87%	▼ -0.48

Funds Holding Varun Beverages Limited

#	Fund	AMC	Category	% to NAV
1	ICICI Prudential FMCG Fund	ICICI Prudential Mutual Fund	Thematic	4.47%
2	TATA INDIA CONSUMER FUND	Tata Mutual Fund	Thematic	4.12%
3	PGIM INDIA ARBITRAGE FUND	PGIM India Mutual Fund	Hybrid	3.99%
4	TATA LARGE & MID CAP FUND	Tata Mutual Fund	Equity	3.92%
5	HSBC Consumption Fund	HSBC Mutual Fund	Thematic	3.81%
6	Nippon India Focused Fund	Nippon India Mutual Fund	Equity	3.64%
7	Motilal Oswal Consumption Fund	Motilal Oswal Mutual Fund	Thematic	3.54%
8	Nippon India Innovation Fund	Nippon India Mutual Fund	Thematic	3.49%
9	SBI Consumption Opportunities Fund	SBI Mutual Fund	Thematic	3.49%
10	Axis Consumption Fund	Axis Mutual Fund	Thematic	3.41%
11	Sundaram Consumption Fund	Sundaram Mutual Fund	Thematic	3.39%
12	NIPPON INDIA CONSUMPTION FUND	Nippon India Mutual Fund	Thematic	3.21%
13	Focused Fund	360 ONE Mutual Fund	Equity	3.1%
14	CANARA ROBECO CONSUMPTION FUND	Canara Robeco Mutual Fund	Thematic	2.88%
15	HSBC India Export Opportunities Fund	HSBC Mutual Fund	Equity	2.82%
16	CANARA ROBECO FOCUSED FUND	Canara Robeco Mutual Fund	Equity	2.67%
17	Axis ESG Integration Strategy Fund	Axis Mutual Fund	Thematic	2.47%
18	Mahindra Manulife Consumption Fund	Mahindra Manulife Mutual Fund	Thematic	2.38%
19	quant Arbitrage Fund	quant Mutual Fund	Hybrid	2.16%
20	Flexicap Fund	360 ONE Mutual Fund	Equity	2.12%
21	HSBC Large Cap Fund	HSBC Mutual Fund	Equity	2.1%
22	SBI Flexicap Fund	SBI Mutual Fund	Equity	2.04%
23	Navi Flexi Cap Fund	Navi Mutual Fund	Equity	1.98%
24	HDFC Consumption Fund	HDFC Mutual Fund	Thematic	1.95%
25	SBI Large Cap Fund	SBI Mutual Fund	Equity	1.95%
26	Mirae Asset Great Consumer Fund	Mirae Asset Mutual Fund	Thematic	1.93%
27	TATA AGGRESSIVE HYBRID FUND	Tata Mutual Fund	Hybrid	1.91%
28	Nippon India Active Momentum Fund	Nippon India Mutual Fund	Equity	1.87%
29	NIPPON INDIA QUANT FUND	Nippon India Mutual Fund	Equity	1.85%
30	SBI Quality Fund	SBI Mutual Fund	Equity	1.85%
31	Aditya Birla Sun Life Elss Tax Saver Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.82%
32	Aditya Birla Sun Life Large & Mid Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.74%
33	Aditya Birla Sun Life Special Opportunities Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.69%
34	CANARA ROBECO VALUE FUND	Canara Robeco Mutual Fund	Equity	1.68%
35	CANARA ROBECO MANUFACTURING FUND	Canara Robeco Mutual Fund	Thematic	1.67%
36	Nippon India ELSS Tax Saver Fund	Nippon India Mutual Fund	Equity	1.66%
37	Nippon India Growth Mid Cap Fund	Nippon India Mutual Fund	Equity	1.66%
38	TATA BUSINESS CYCLE FUND	Tata Mutual Fund	Thematic	1.65%
39	Aditya Birla Sun Life Consumption Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.64%
40	HSBC Flexi Cap Fund	HSBC Mutual Fund	Equity	1.64%
41	UTI - India Consumer Fund	UTI Mutual Fund	Thematic	1.6%
42	Mahindra Manulife Innovation Opportunities Fund	Mahindra Manulife Mutual Fund	Thematic	1.57%
43	CANARA ROBECO MULTI ASSET ALLOCATION FUND	Canara Robeco Mutual Fund	Hybrid	1.54%
44	Aditya Birla Sun Life Esg Integration Strategy Fund	Aditya Birla Sun Life Mutual Fund	Thematic	1.52%
45	Navi Large & Midcap Fund	Navi Mutual Fund	Equity	1.49%
46	Nippon India Vision Large & Mid Cap Fund	Nippon India Mutual Fund	Equity	1.49%
47	Axis Value Fund	Axis Mutual Fund	Equity	1.45%
48	PGIM INDIA FLEXI CAP FUND	PGIM India Mutual Fund	Equity	1.43%
49	PGIM INDIA LARGE CAP FUND	PGIM India Mutual Fund	Equity	1.43%
50	The Wealth Company Large & Mid Cap Fund	The Wealth Company Mutual Fund	Equity	1.39%
51	LIC MF ELSS TAX SAVER	LIC Mutual Fund	Equity	1.38%
52	Invesco India Contra Fund	Invesco Mutual Fund	Equity	1.37%
53	Mahindra Manulife Mid Cap Fund	Mahindra Manulife Mutual Fund	Equity	1.28%
54	JM Arbitrage Fund	JM Financial Mutual Fund	Hybrid	1.27%
55	Motilal Oswal Large Cap Fund	Motilal Oswal Mutual Fund	Equity	1.27%
56	UTI ELSS Tax Saver Fund	UTI Mutual Fund	Equity	1.25%
57	Aditya Birla Sun Life Multi-Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	1.23%
58	HSBC Value Fund	HSBC Mutual Fund	Equity	1.23%
59	HSBC Multi Cap Fund	HSBC Mutual Fund	Equity	1.22%
60	PGIM INDIA BALANCED ADVANTAGE FUND	PGIM India Mutual Fund	Hybrid	1.2%
61	Aditya Birla Sun Life Multi Asset Allocation Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	1.18%
62	PGIM INDIA LARGE AND MIDCAP FUND	PGIM India Mutual Fund	Equity	1.18%
63	Shriram Multi Asset Allocation	Shriram Mutual Fund	Hybrid	1.18%
64	CANARA ROBECO FLEXICAP FUND	Canara Robeco Mutual Fund	Equity	1.15%
65	Hybrid Fund	360 ONE Mutual Fund	Hybrid	1.14%
66	Axis India Manufacturing Fund	Axis Mutual Fund	Thematic	1.14%
67	CANARA ROBECO BALANCED ADVANTAGE FUND	Canara Robeco Mutual Fund	Hybrid	1.14%
68	Axis Large & Mid Cap Fund	Axis Mutual Fund	Equity	1.12%
69	Nippon India Flexi Cap Fund	Nippon India Mutual Fund	Equity	1.12%
70	Shriram Aggressive Hybrid Fund	Shriram Mutual Fund	Hybrid	1.11%
71	Axis Multicap Fund	Axis Mutual Fund	Equity	1.09%
72	CANARA ROBECO ELSS TAX SAVER	Canara Robeco Mutual Fund	Equity	1.08%
73	CANARA ROBECO LARGE CAP FUND	Canara Robeco Mutual Fund	Equity	1.08%
74	Mahindra Manulife Manufacturing Fund	Mahindra Manulife Mutual Fund	Thematic	1.06%
75	Navi Aggressive Hybrid Fund	Navi Mutual Fund	Hybrid	1.03%
76	Baroda BNP Paribas Large Cap Fund	Baroda BNP Paribas Mutual Fund	Equity	1.01%
77	Baroda BNP Paribas Business Cycle Fund	Baroda BNP Paribas Mutual Fund	Thematic	0.99%
78	Shriram Balanced Advantage Fund	Shriram Mutual Fund	Hybrid	0.99%
79	CANARA ROBECO MID CAP FUND	Canara Robeco Mutual Fund	Equity	0.98%
80	UTI - Large Cap Fund	UTI Mutual Fund	Equity	0.97%
81	PGIM INDIA ELSS TAX SAVER FUND	PGIM India Mutual Fund	Equity	0.96%
82	Axis Aggressive Hybrid Fund	Axis Mutual Fund	Hybrid	0.95%
83	Axis Large Cap Fund	Axis Mutual Fund	Equity	0.94%
84	CANARA ROBECO LARGE AND MID CAP FUND	Canara Robeco Mutual Fund	Equity	0.94%
85	UTI - Master Equity Plan Unit Scheme	UTI Mutual Fund	Equity	0.93%
86	UTI Value Fund	UTI Mutual Fund	Equity	0.92%
87	Baroda BNP Paribas India Consumption Fund	Baroda BNP Paribas Mutual Fund	Thematic	0.91%
88	Mirae Asset Large Cap Fund	Mirae Asset Mutual Fund	Equity	0.89%
89	CANARA ROBECO EQUITY HYBRID FUND	Canara Robeco Mutual Fund	Hybrid	0.88%
90	TATA BALANCED ADVANTAGE FUND	Tata Mutual Fund	Hybrid	0.85%
91	Baroda BNP Paribas Multi Asset Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.84%
92	HSBC Balanced Advantage Fund	HSBC Mutual Fund	Hybrid	0.84%
93	SBI Multi Asset Allocation Fund	SBI Mutual Fund	Hybrid	0.83%
94	Axis Balanced Advantage Fund	Axis Mutual Fund	Hybrid	0.82%
95	TATA DIVIDEND YIELD FUND	Tata Mutual Fund	Equity	0.81%
96	TATA MULTICAP FUND	Tata Mutual Fund	Equity	0.77%
97	SBI MultiCap Fund	SBI Mutual Fund	Equity	0.75%
98	CANARA ROBECO MULTI CAP FUND	Canara Robeco Mutual Fund	Equity	0.74%
99	PGIM INDIA AGGRESSIVE HYBRID EQUITY FUND	PGIM India Mutual Fund	Hybrid	0.74%
100	The Wealth Company Small Cap Fund	The Wealth Company Mutual Fund	Equity	0.71%
101	Baroda BNP Paribas Aggressive Hybrid Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.7%
102	NIPPON INDIA VALUE FUND	Nippon India Mutual Fund	Equity	0.68%
103	CANARA ROBECO CONSERVATIVE HYBRID FUND	Canara Robeco Mutual Fund	Hybrid	0.67%
104	Mirae Asset Aggressive Hybrid Fund	Mirae Asset Mutual Fund	Hybrid	0.64%
105	PGIM INDIA MULTI CAP FUND	PGIM India Mutual Fund	Equity	0.64%
106	Nippon India Aggressive Hybrid Fund	Nippon India Mutual Fund	Hybrid	0.62%
107	Multi Asset	360 ONE Mutual Fund	Hybrid	0.6%
108	PGIM INDIA MIDCAP FUND	PGIM India Mutual Fund	Equity	0.59%
109	NIPPON INDIA BALANCED ADVANTAGE FUND	Nippon India Mutual Fund	Hybrid	0.58%
110	Shriram Flexi Cap Fund	Shriram Mutual Fund	Equity	0.57%
111	Shriram ELSS Tax Saver Fund	Shriram Mutual Fund	Equity	0.54%
112	SBI Arbitrage Opportunities Fund	SBI Mutual Fund	Hybrid	0.52%
113	Axis Arbitrage Fund	Axis Mutual Fund	Hybrid	0.5%
114	PGIM INDIA MULTI ASSET ALLOCATION FUND	PGIM India Mutual Fund	Hybrid	0.5%
115	JioBlackRock Sector Rotation Fund	Jio BlackRock Mutual Fund	Thematic	0.49%
116	quant Multi Asset Allocation Fund	quant Mutual Fund	Hybrid	0.49%
117	NIPPON INDIA LARGE CAP FUND	Nippon India Mutual Fund	Equity	0.48%
118	Parag Parikh Large Cap Fund	PPFAS Mutual Fund	Equity	0.44%
119	Mirae Asset Balanced Advantage Fund	Mirae Asset Mutual Fund	Hybrid	0.42%
120	Mirae Asset Multi Asset Allocation Fund	Mirae Asset Mutual Fund	Hybrid	0.42%
121	HSBC Aggressive Hybrid Fund	HSBC Mutual Fund	Hybrid	0.41%
122	Franklin India Arbitrage Fund	Franklin Templeton Mutual Fund	Hybrid	0.4%
123	Mirae Asset Equity Savings Fund	Mirae Asset Mutual Fund	Hybrid	0.4%
124	NIPPON INDIA ARBITRAGE FUND	Nippon India Mutual Fund	Hybrid	0.4%
125	WhiteOak Capital Large Cap Fund	WhiteOak Capital Mutual Fund	Equity	0.4%
126	Old Bridge Arbitrage Fund	Old Bridge Mutual Fund	Hybrid	0.39%
127	HSBC Arbitrage Fund	HSBC Mutual Fund	Hybrid	0.38%
128	HDFC Arbitrage Fund	HDFC Mutual Fund	Hybrid	0.36%
129	Parag Parikh Arbitrage Fund	PPFAS Mutual Fund	Hybrid	0.31%
130	Aditya Birla Sun Life Dividend Yield Fund	Aditya Birla Sun Life Mutual Fund	Equity	0.3%
131	The Wealth Company Arbitrage Fund	The Wealth Company Mutual Fund	Hybrid	0.3%
132	Aditya Birla Sun Life Large Cap Fund	Aditya Birla Sun Life Mutual Fund	Equity	0.29%
133	UTI Conservative Hybrid Fund	UTI Mutual Fund	Hybrid	0.25%
134	DSP Arbitrage Fund	DSP Mutual Fund	Hybrid	0.23%
135	PGIM INDIA EQUITY SAVINGS FUND	PGIM India Mutual Fund	Hybrid	0.19%
136	WhiteOak Capital Arbitrage Fund	WhiteOak Capital Mutual Fund	Hybrid	0.19%
137	SBI Equity Hybrid Fund	SBI Mutual Fund	Hybrid	0.17%
138	Mirae Asset Arbitrage Fund	Mirae Asset Mutual Fund	Hybrid	0.16%
139	Aditya Birla Sun Life Arbitrage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.15%
140	Groww Arbitrage Fund	Groww Mutual Fund	Hybrid	0.13%
141	ICICI Prudential Arbitrage Fund	ICICI Prudential Mutual Fund	Hybrid	0.13%
142	JioBlackRock Arbitrage Fund	Jio BlackRock Mutual Fund	Hybrid	0.12%
143	NIPPON INDIA EQUITY SAVINGS FUND	Nippon India Mutual Fund	Hybrid	0.06%
144	Motilal Oswal Arbitrage Fund	Motilal Oswal Mutual Fund	Hybrid	0.05%
145	Aditya Birla Sun Life Balanced Advantage Fund	Aditya Birla Sun Life Mutual Fund	Hybrid	0.03%
146	ICICI Prudential Equity Savings Fund	ICICI Prudential Mutual Fund	Hybrid	0.03%
147	Baroda BNP Paribas Arbitrage Fund	Baroda BNP Paribas Mutual Fund	Hybrid	0.02%
148	HDFC Balanced Advantage Fund	HDFC Mutual Fund	Hybrid	0.02%
149	Kotak Arbitrage Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
150	Kotak Balanced Advantage Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
151	Kotak Equity Savings Fund	Kotak Mahindra Mutual Fund	Hybrid	0%
152	TATA ARBITRAGE FUND	Tata Mutual Fund	Hybrid	0%
153	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.