THERMAX LTD
Last close
₹3,551.90
18 Sep 2026 · +7.3% over the year
Held by
116funds
latest disclosure month
Average weight per holder
0.8%
Σ across holders 92.0% · -8.81% over 3 months
Days to exit
235
aggregate MF position at 20% of average daily volume
Who holds it
every fund's latest position, when it first appeared, and the price then against now · 130 rows: 116 holders and recent exits
| Fund | Weight | Since | Entry close | Now vs entry | 3-mo change | Action |
|---|---|---|---|---|---|---|
| LIC MF Infrastructure Fund Sectoral/ Thematic · held 9 mo | 0 | May 2016 | ₹731.55 | +386% | — | exited May 2026 |
| Sundaram Mid Cap Fund Mid Cap · held 3.7 yrs | 1.77% | Feb 2017 | ₹859.55 | +313% | +0.17% | added |
| ICICI Prudential BSE 500 ETF Other ETFs · held 8.0 yrs | 0.08% | May 2018 | ₹1,110.40 | +220% | -0.03% | held |
| Aditya Birla Sun Life Midcap Fund Mid Cap · held 7.1 yrs | 2.43% | Jul 2018 | ₹1,172.85 | +203% | -0.80% | added |
| Tata Large & Mid Cap Fund Large & Mid Cap · held 8.0 yrs | 0 | Jul 2018 | ₹1,172.85 | +203% | — | exited Jun 2026 |
| SBI Large Cap Fund Large Cap · held 5.8 yrs | 1.66% | Aug 2018 | ₹1,030.45 | +245% | -1.04% | trimmed |
| SBI MIDCAP FUND Mid Cap · held 5.8 yrs | 0.79% | Aug 2018 | ₹1,030.45 | +245% | -0.49% | trimmed |
| ICICI Prudential Large & Mid Cap Fund Large & Mid Cap · held 1.1 yrs | 0.31% | May 2019 | ₹1,020.00 | +248% | +0.31% | entered |
| HSBC Large & Mid Cap Fund Large & Mid Cap · held 1.1 yrs | 0.81% | Sep 2019 | ₹1,127.90 | +215% | -0.39% | held |
| Motilal Oswal Nifty Midcap 150 Index Fund Index Funds · held 7.0 yrs | 0.35% | Sep 2019 | ₹1,127.90 | +215% | -0.13% | added |
| Nippon India ETF Nifty Midcap 150 Other ETFs · held 7.0 yrs | 0.35% | Sep 2019 | ₹1,127.90 | +215% | -0.13% | added |
| Motilal Oswal Nifty 500 Index Fund Index Funds · held 6.9 yrs | 0.08% | Sep 2019 | ₹1,127.90 | +215% | -0.02% | added |
| ICICI Prudential Nifty Midcap 150 ETF Other ETFs · held 6.7 yrs | 0.35% | Jan 2020 | ₹1,069.30 | +232% | -0.13% | added |
| SBI ELSS Tax Saver Fund ELSS · held 1.8 yrs | 0.12% | Feb 2020 | ₹922.75 | +285% | -0.75% | trimmed |
| Nippon India Nifty Midcap 150 Index Fund Index Funds · held 5.6 yrs | 0.36% | Feb 2021 | ₹1,359.35 | +161% | -0.11% | added |
| ITI Mid Cap Fund Mid Cap · held 1.4 yrs | 0.75% | Apr 2021 | ₹1,477.85 | +140% | +0.75% | entered |
| Tata Multi Asset Allocation Fund Multi Asset Allocation · held 4.4 yrs | 0.60% | Apr 2021 | ₹1,477.85 | +140% | -0.19% | held |
| ITI Multi Cap Fund Multi Cap · held 2.2 yrs | 1.32% | May 2021 | ₹1,423.95 | +149% | +1.32% | entered |
| Aditya Birla Sun Life Nifty Midcap 150 Index Fund Equity Funds · held 5.3 yrs | 0.35% | May 2021 | ₹1,423.95 | +149% | -0.13% | added |
| Canara Robeco Infrastructure Fund Sectoral/ Thematic · held 4.8 yrs | 0.67% | Sep 2021 | ₹1,359.70 | +161% | -0.19% | held |
| ITI Small Cap Fund Small Cap · held 8 mo | 1.14% | Nov 2021 | ₹1,753.50 | +103% | +0.37% | added |
| ICICI Prudential Nifty Midcap 150 Index Fund Index Funds · held 4.8 yrs | 0.35% | Dec 2021 | ₹1,786.90 | +99% | -0.12% | added |
| Mirae Asset Nifty Midcap 150 ETF Equity ETF · held 4.5 yrs | 0.35% | Mar 2022 | ₹1,939.05 | +83% | -0.13% | held |
| Navi Nifty Midcap 150 Index Fund Index Funds · held 3.3 yrs | 0.35% | Sep 2022 | ₹2,169.50 | +64% | -0.13% | added |
| Tata Nifty Midcap 150 Momentum 50 Index Fund Index Funds · held 2.4 yrs | 1.23% | Oct 2022 | ₹2,171.95 | +64% | +1.23% | entered |
| HSBC Midcap Fund Mid Cap · held 3.3 yrs | 1.88% | Nov 2022 | ₹2,048.90 | +73% | -0.02% | added |
| Tata Dividend Yield Fund Dividend Yield · held 3.8 yrs | 0.98% | Dec 2022 | ₹1,968.20 | +80% | -0.38% | held |
| SBI Nifty Midcap 150 Index Fund Index Funds · held 3.7 yrs | 0.35% | Jan 2023 | ₹1,925.15 | +84% | -0.13% | added |
| TATA MULTICAP FUND Multi Cap · held 3.1 yrs | 0 | Feb 2023 | ₹2,153.00 | +65% | — | exited Jun 2026 |
| HSBC Equity Savings Fund Equity Savings · held 8 mo | 0.07% | Mar 2023 | ₹2,292.70 | +55% | -1.29% | trimmed |
| UTI Nifty Midcap 150 Exchange Traded Fund Equity ETF · held 3.0 yrs | 0.35% | Sep 2023 | ₹3,110.50 | +14% | -0.13% | trimmed |
| Motilal Oswal Nifty 500 ETF Other ETFs · held 3.0 yrs | 0.08% | Sep 2023 | ₹3,110.50 | +14% | -0.02% | added |
| JM Mid Cap Fund Mid Cap · held 1.5 yrs | 1.34% | Dec 2023 | ₹3,081.50 | +15% | +0.76% | added |
| SBI Energy Opportunities Fund Sectoral/ Thematic · held 2.6 yrs | 4.14% | Feb 2024 | ₹3,637.25 | −2% | -1.36% | trimmed |
| SBI ESG Exclusionary Strategy Fund Sectoral/ Thematic · held 2.6 yrs | 1.34% | Feb 2024 | ₹3,637.25 | −2% | -0.94% | trimmed |
| Aditya Birla Sun Life Retirement Fund-The 30s Plan Retirement · held 2.3 yrs | 0.93% | Feb 2024 | ₹3,637.25 | −2% | -0.37% | held |
| Aditya Birla Sun Life Infrastructure Fund Sectoral/ Thematic · held 2.3 yrs | 0.89% | Feb 2024 | ₹3,637.25 | −2% | -0.73% | trimmed |
| Sundaram Infrastructure Advantage Fund (Erstwhile Sundaram Capex Opportunities) Sectoral/ Thematic · held 2.5 yrs | 1.61% | Mar 2024 | ₹4,192.35 | −15% | -0.39% | held |
| Aditya Birla Sun Life Multi Asset Allocation Fund Multi Asset Allocation · held 2.5 yrs | 1.31% | Mar 2024 | ₹4,192.35 | −15% | -0.58% | held |
| Aditya Birla Sun Life Retirement Fund-The 40s Plan Retirement · held 2.5 yrs | 0.92% | Mar 2024 | ₹4,192.35 | −15% | -0.30% | held |
| HSBC Multi Asset Allocation Fund Multi Asset Allocation · held 1.0 yrs | 0.60% | Mar 2024 | ₹4,192.35 | −15% | -0.24% | held |
| ICICI Prudential Nifty LargeMidcap 250 Index Fund Index Funds · held 2.5 yrs | 0.18% | Mar 2024 | ₹4,192.35 | −15% | -0.07% | added |
| Bandhan Large & Mid Cap Fund Large & Mid Cap · held 8 mo | 0.20% | May 2024 | ₹5,404.65 | −34% | -0.98% | trimmed |
| Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Equity ETF · held 1.3 yrs | 0.84% | Jun 2024 | ₹5,351.00 | −34% | +0.84% | entered |
| HDFC BSE 500 ETF Other ETFs · held 2.3 yrs | 0.08% | Jun 2024 | ₹5,351.00 | −34% | -0.02% | added |
| Axis Nifty 500 Index Fund Equity Funds · held 2.2 yrs | 0.08% | Jul 2024 | ₹5,071.80 | −30% | -0.02% | added |
| SBI Innovative Opportunities Fund Sectoral/ Thematic · held 2.1 yrs | 1.42% | Aug 2024 | ₹4,372.80 | −19% | -2.62% | trimmed |
| Mirae Asset Nifty500 Multicap 50 25 25 ETF Equity ETF · held 2.1 yrs | 0.09% | Aug 2024 | ₹4,372.80 | −19% | -0.03% | trimmed |
| BANDHAN NIFTY TOTAL MARKET INDEX FUND Index Funds · held 2.1 yrs | 0.07% | Aug 2024 | ₹4,372.80 | −19% | -0.03% | trimmed |
| Navi Nifty 500 Multicap 50 25 25 Index Fund Index Funds · held 1.6 yrs | 0 | Aug 2024 | ₹4,372.80 | −19% | — | exited Jul 2026 |
A holder disclosed the stock in the latest month or the one before; an exit is listed for three disclosures. Entry close is the split- and bonus-adjusted close at the end of the month the fund first disclosed the position; “now vs entry” is price only, not the fund's return on the position. Estimated cost basis per fund from monthly unit deltas is not computed in this build.
Three-month flow
−0.09 pp
net change in Σ fund weight over the last three disclosures (percentage points summed across funds) · 71 added or entered, 35 trimmed or exited
Crowding
116 funds hold it, at an average weight of 0.8% each (92.0% summed across holders). At a fifth of average daily volume (2,60,960 shares), the aggregate fund position would take about 235 trading days to exit.
Why this might matterThe curation backtest found consensus positions anti-correlated with forward upside: when everyone already owns it, the marginal buyer is gone, and a crowded exit moves the price against every seller at once.
Why it might notBreadth of ownership is also what a large, liquid, well-run company looks like. Crowding measures how many funds agree, not whether they are right; MF ownership as a share of the company needs issue size, which is not loaded.
Who moved last quarter
the three-month flow, fund by fund — largest move first
Entered: funds that did not hold it three disclosures ago and do now.
| Fund | 3-mo change | Weight now | Since | Now vs entry |
|---|---|---|---|---|
| LIC MF Mid Cap Fund Mid Cap | +2.69% | 2.69% | Jul 2026 | −18% |
| LIC MF Aggressive Hybrid Fund Aggressive Hybrid | +2.19% | 2.19% | Jul 2026 | −18% |
| Sundaram Large and Midcap Fund Large & Mid Cap | +1.99% | 1.99% | Jul 2026 | −18% |
| LIC MF Unit Linked Insurance Scheme (ULIS) ELSS | +1.58% | 1.58% | Jul 2026 | −18% |
| ITI Multi Cap Fund Multi Cap | +1.32% | 1.32% | May 2021 | +149% |
| Tata Nifty Midcap 150 Momentum 50 Index Fund Index Funds | +1.23% | 1.23% | Oct 2022 | +64% |
| Motilal Oswal Nifty Midcap 150 Momentum 50 ETF Other ETFs | +1.23% | 1.23% | Jun 2026 | −31% |
| SBI Nifty Midcap 150 Momentum 50 ETF Other ETFs | +1.23% | 1.23% | Jun 2026 | −31% |
| Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund Index Funds | +1.22% | 1.22% | Jul 2026 | −18% |
| Mirae Asset BSE Midcap 150 Momentum 30 ETF Equity ETF | +1.19% | 1.19% | Jul 2026 | −18% |
| Sundaram Multi-Factor Fund Sectoral/ Thematic | +1.11% | 1.11% | Jun 2026 | −31% |
| Sundaram Multi Cap Fund (Formerly Known as Principal Multi Cap Growth Fund) Multi Cap | +1.03% | 1.03% | Jul 2026 | −18% |
| Motilal Oswal Nifty 500 Momentum 50 ETF Other ETFs | +0.96% | 0.96% | Sep 2024 | −30% |
| Motilal Oswal Nifty 500 Momentum 50 Index Fund Index Funds | +0.96% | 0.96% | Sep 2024 | −30% |
| Nippon India Nifty 500 Momentum 50 Index Fund Index Funds | +0.96% | 0.96% | Sep 2024 | −30% |
| Bandhan Nifty 500 Momentum 50 Index Fund Index Funds | +0.96% | 0.96% | Oct 2024 | −28% |
| Axis Nifty500 Momentum 50 Index Fund Equity Funds | +0.96% | 0.96% | Jun 2026 | −31% |
| Groww Nifty 500 Momentum 50 ETF Other ETFs | +0.96% | 0.96% | Jun 2026 | −31% |
| Axis Nifty Energy Index Fund Equity Funds | +0.93% | 0.93% | Aug 2026 | −9% |
| Axis Nifty Energy ETF Equity ETF | +0.93% | 0.93% | Aug 2026 | −9% |
| ITI Large & Mid Cap Fund Large & Mid Cap | +0.85% | 0.85% | Jun 2026 | −31% |
| Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Equity ETF | +0.84% | 0.84% | Jun 2024 | −34% |
| UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund Equity Funds | +0.84% | 0.84% | Feb 2025 | +9% |
| ITI Mid Cap Fund Mid Cap | +0.75% | 0.75% | Apr 2021 | +140% |
| TRUSTMF MID CAP FUND Mid Cap | +0.68% | 0.68% | Jul 2026 | −18% |
| JioBlackRock Flexi Cap Fund Flexi Cap | +0.31% | 0.31% | Jul 2026 | −18% |
| ICICI Prudential Large & Mid Cap Fund Large & Mid Cap | +0.31% | 0.31% | May 2019 | +248% |
| Bajaj Finserv Multi Asset Allocation Fund Multi Asset Allocation | +0.24% | 0.24% | Aug 2026 | −9% |
| JioBlackRock Large Cap Fund Large Cap | +0.10% | 0.10% | Jul 2026 | −18% |
| UTI Nifty 500 Exchange Traded Fund Equity ETF | +0.08% | 0.08% | Aug 2026 | −9% |
| UTI Nifty 500 Index Fund Equity Funds | +0.08% | 0.08% | Aug 2026 | −9% |
One year, adjusted
daily close, split- and bonus-adjusted
Prices are the NSE close — the company quotes on both exchanges and the NSE carries the liquidity for almost every dual listing, so one series is shown rather than two that would mostly agree. The series is adjusted for splits and bonuses so a 1:1 bonus does not read as a 50% fall. A dated corporate-action timeline (rights, demergers) is not loaded in this build and is not shown rather than guessed.