MAX FINANCIAL SERV LTD
Last close
₹1,559.00
18 Sep 2026 · +1.4% over the year
Held by
244funds
latest disclosure month
Average weight per holder
1.2%
Σ across holders 293.0% · -79.56% over 3 months
Days to exit
700
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 · 281 rows: 244 holders and recent exits
| Fund | Weight | Since | Entry close | Now vs entry | 3-mo change | Action |
|---|---|---|---|---|---|---|
| ICICI Prudential BSE Insurance ETF Other ETFs · held 1 mo | 13.58% | Aug 2026 | ₹1,573.10 | −1% | — | held |
| DSP Banking & Financial Services Fund Sectoral/ Thematic · held 1.3 yrs | 4.26% | Jan 2025 | ₹1,115.75 | +40% | +1.02% | added |
| HDFC Mid Cap Fund Mid Cap · held 10 mo | 3.79% | Nov 2025 | ₹1,702.10 | −8% | -0.70% | held |
| Franklin India Large & Mid Cap Fund Large & Mid Cap · held 3.1 yrs | 3.68% | Dec 2021 | ₹980.35 | +59% | +1.62% | added |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Index Funds · held 1.8 yrs | 3.56% | Nov 2024 | ₹1,133.95 | +37% | -0.52% | added |
| DSP Multi Cap Fund Multi Cap · held 1.5 yrs | 3.31% | Mar 2025 | ₹1,147.70 | +36% | +0.71% | added |
| WhiteOak Capital Mid Cap Fund Mid Cap · held 2.9 yrs | 3.11% | Aug 2023 | ₹933.70 | +67% | +0.08% | added |
| Invesco India Mid Cap Fund Mid Cap · held 3.4 yrs | 3.07% | Dec 2016 | ₹548.75 | +184% | -0.52% | added |
| Tata Mid Cap Fund Mid Cap · held 1.3 yrs | 3.03% | Jun 2025 | ₹1,647.10 | −5% | +0.26% | added |
| Union Midcap Fund Mid Cap · held 2.2 yrs | 2.82% | Jul 2024 | ₹1,112.00 | +40% | -0.47% | added |
| ICICI Prudential BSE Midcap Select ETF Other ETFs · held 5.3 yrs | 2.82% | Jun 2020 | ₹542.00 | +188% | -0.49% | added |
| MahindraManulife Banking & Financial Services Fund Sectoral/ Thematic · held 1.1 yrs | 2.76% | Aug 2025 | ₹1,602.20 | −3% | -0.52% | held |
| Canara Robeco Banking and Financial Services Fund Sectoral/ Thematic · held 6 mo | 2.71% | Mar 2026 | ₹1,490.70 | +5% | -0.58% | held |
| Groww Value Fund Value · held 5 mo | 2.68% | Apr 2026 | ₹1,585.70 | −2% | +1.34% | added |
| BANK OF INDIA MID CAP FUND Mid Cap · held 8 mo | 2.65% | Jan 2026 | ₹1,613.60 | −3% | -0.32% | added |
| DSP Midcap Fund Mid Cap · held 13 yrs | 2.63% | Jan 2013 | ₹249.90 | +524% | +0.12% | added |
| Aditya Birla Sun Life Midcap Fund Mid Cap · held 9.1 yrs | 2.60% | Aug 2017 | ₹601.55 | +159% | -0.61% | trimmed |
| LIC MF Banking and Financial Services Fund Sectoral/ Thematic · held 2.1 yrs | 2.58% | Oct 2018 | ₹377.20 | +313% | +0.48% | added |
| Baroda BNP Paribas Health and Wellness Fund Sectoral/ Thematic · held 5 mo | 2.43% | Apr 2026 | ₹1,585.70 | −2% | +1.21% | added |
| Groww Multicap Fund Multi Cap · held 1.4 yrs | 2.41% | Apr 2025 | ₹1,305.00 | +19% | +0.95% | added |
| Bajaj Finserv Multi Cap Fund Multi Cap · held 8 mo | 2.34% | Jan 2026 | ₹1,613.60 | −3% | +0.18% | added |
| Canara Robeco Mid Cap Fund Mid Cap · held 3.0 yrs | 2.33% | Sep 2023 | ₹909.75 | +71% | +0.14% | added |
| Motilal Oswal BSE Financials ex Bank 30 Index Fund Index Funds · held 2.1 yrs | 2.33% | Jul 2024 | ₹1,112.00 | +40% | -0.45% | trimmed |
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETF Other ETFs · held 9 mo | 2.32% | Dec 2025 | ₹1,671.80 | −7% | -0.89% | trimmed |
| Bandhan Nifty Alpha Low Volatility 30 Index Fund Index Funds · held 9 mo | 2.32% | Dec 2025 | ₹1,671.80 | −7% | -0.90% | trimmed |
| Nippon India Nifty Alpha Low Volatility 30 Index Fund Index Funds · held 9 mo | 2.32% | Dec 2025 | ₹1,671.80 | −7% | -0.89% | trimmed |
| UTI Nifty Alpha Low-Volatility 30 Index Fund Equity Funds · held 9 mo | 2.32% | Dec 2025 | ₹1,671.80 | −7% | -0.89% | trimmed |
| ICICI Prudential Nifty Financial Services Ex-Bank ETF Other ETFs · held 3.8 yrs | 2.30% | Nov 2022 | ₹705.60 | +121% | -0.31% | trimmed |
| Aditya Birla Sun Life Large & Mid Cap Fund Large & Mid Cap · held 3.8 yrs | 2.29% | Feb 2017 | ₹563.60 | +177% | -0.29% | held |
| BANDHAN FINANCIAL SERVICES FUND Sectoral/ Thematic · held 2.5 yrs | 2.24% | Sep 2023 | ₹909.75 | +71% | -0.29% | added |
| Nippon India Banking & Financial Services Fund Sectoral/ Thematic · held 14 yrs | 2.22% | Oct 2012 | — | — | -0.29% | held |
| Baroda BNP Paribas Large and Mid Cap fund Large & Mid Cap · held 2.2 yrs | 2.19% | Jul 2024 | ₹1,112.00 | +40% | -0.20% | added |
| Bank of India Banking & Financial Services Fund Sectoral/ Thematic · held 7 mo | 2.16% | Feb 2026 | ₹1,813.40 | −14% | -0.14% | held |
| Union Large & Midcap Fund Large & Mid Cap · held 2.2 yrs | 2.16% | Jul 2024 | ₹1,112.00 | +40% | -0.35% | held |
| WhiteOak Capital Large & Mid Cap Fund Large & Mid Cap · held 2.7 yrs | 2.14% | Jan 2024 | ₹890.30 | +75% | -0.25% | added |
| DSP Flexi Cap Fund Flexi Cap · held 5.9 yrs | 2.11% | Jan 2013 | ₹249.90 | +524% | +0.02% | added |
| WhiteOak Capital Banking & Financial Services Fund Sectoral/ Thematic · held 2.4 yrs | 2.06% | Mar 2024 | ₹1,002.20 | +56% | -0.04% | added |
| Mahindra Manulife Mid Cap Fund Mid Cap · held 6.0 yrs | 2.05% | Jan 2018 | ₹534.25 | +192% | -0.38% | held |
| DSP ELSS Tax Saver Fund ELSS · held 8.1 yrs | 2.04% | Jan 2013 | ₹249.90 | +524% | +0.14% | added |
| JM Large & Mid Cap Fund Large & Mid Cap · held 5 mo | 2.00% | Apr 2026 | ₹1,585.70 | −2% | -0.36% | held |
| Bandhan Multi-Factor Fund Sectoral/ Thematic · held 2 mo | 1.98% | Oct 2025 | ₹1,546.50 | +1% | +1.98% | entered |
| Baroda BNP Paribas Innovation Fund Sectoral/ Thematic · held 2.4 yrs | 1.98% | Apr 2024 | ₹1,010.90 | +54% | +0.06% | added |
| HSBC Financial Services fund Sectoral/ Thematic · held 1.4 yrs | 1.98% | Apr 2025 | ₹1,305.00 | +19% | -0.34% | held |
| UTI - Mid Cap Fund Mid Cap · held 8.1 yrs | 1.97% | Jul 2018 | ₹497.20 | +214% | -0.22% | added |
| DSP Large & Mid Cap Fund Large & Mid Cap · held 7.2 yrs | 1.96% | Jan 2013 | ₹249.90 | +524% | +0.09% | added |
| Sundaram Mid Cap Fund Mid Cap · held 9.5 yrs | 1.91% | Feb 2017 | ₹563.60 | +177% | -0.30% | held |
| DSP India T.I.G.E.R. Fund Sectoral/ Thematic · held 4.8 yrs | 1.90% | Jan 2013 | ₹249.90 | +524% | +0.07% | added |
| Union Focused Fund Focused · held 1.6 yrs | 1.87% | Feb 2025 | ₹998.10 | +56% | -0.28% | held |
| Mirae Asset Midcap Fund Mid Cap · held 4.8 yrs | 1.82% | Aug 2021 | ₹1,088.15 | +43% | +0.71% | added |
| BANK OF INDIA MID CAP TAX FUND Series 2 ELSS · held 11 mo | 1.79% | Jun 2022 | ₹782.35 | +99% | +0.34% | added |
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
−0.80 pp
net change in Σ fund weight over the last three disclosures (percentage points summed across funds) · 111 added or entered, 87 trimmed or exited
Crowding
244 funds hold it, at an average weight of 1.2% each (293.0% summed across holders). At a fifth of average daily volume (7,67,658 shares), the aggregate fund position would take about 700 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 |
|---|---|---|---|---|
| ICICI Prudential BSE Insurance ETF Other ETFs | +13.58% | 13.58% | Aug 2026 | −1% |
| Bandhan Multi-Factor Fund Sectoral/ Thematic | +1.98% | 1.98% | Oct 2025 | +1% |
| Baroda BNP Paribas Services Fund Sectoral/ Thematic | +1.52% | 1.52% | Aug 2026 | −1% |
| HDFC Retirement Fund - Equity Plan Retirement | +1.35% | 1.35% | Aug 2026 | −1% |
| ICICI Prudential Innovation Fund Sectoral/ Thematic | +1.17% | 1.17% | Aug 2024 | +45% |
| HDFC Retirement Fund - Hybrid-Equity Plan Retirement | +1.13% | 1.13% | Aug 2026 | −1% |
| Mahindra Manulife Aggressive Hybrid Fund Aggressive Hybrid | +0.96% | 0.96% | Jan 2020 | +208% |
| Invesco India ELSS Tax Saver Fund ELSS | +0.50% | 0.50% | Mar 2017 | +170% |
| WhiteOak Capital Aggressive Hybrid Fund Aggressive Hybrid | +0.49% | 0.49% | Jun 2026 | −2% |
| UTI Nifty 500 Exchange Traded Fund Equity ETF | +0.21% | 0.21% | Aug 2026 | −1% |
| UTI Nifty 500 Index Fund Equity Funds | +0.21% | 0.21% | Aug 2026 | −1% |
| Nippon India Vision Large & Mid Cap Fund Large & Mid Cap | +0.17% | 0.17% | Jun 2018 | +260% |
| Bajaj Finserv Arbitrage Fund Arbitrage | +0.17% | 0.17% | Jun 2024 | +60% |
| JioBlackRock Sector Rotation Fund Sectoral/ Thematic | +0.09% | 0.09% | Feb 2026 | −14% |
| ICICI Prudential Balanced Advantage Fund Dynamic Asset Allocation or Balanced Advantage | +0.07% | 0.07% | Dec 2013 | +621% |
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.