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 |
|---|---|---|---|---|---|---|
| Bandhan Multi-Factor Fund Sectoral/ Thematic · held 2 mo | 1.98% | Oct 2025 | ₹1,546.50 | +1% | +1.98% | entered |
| Franklin India Large & Mid Cap Fund Large & Mid Cap · held 3.1 yrs | 3.68% | Dec 2021 | ₹980.35 | +59% | +1.62% | added |
| Groww Value Fund Value · held 5 mo | 2.68% | Apr 2026 | ₹1,585.70 | −2% | +1.34% | added |
| Baroda BNP Paribas Health and Wellness Fund Sectoral/ Thematic · held 5 mo | 2.43% | Apr 2026 | ₹1,585.70 | −2% | +1.21% | added |
| ICICI Prudential Innovation Fund Sectoral/ Thematic · held 10 mo | 1.17% | Aug 2024 | ₹1,074.85 | +45% | +1.17% | entered |
| DSP Banking & Financial Services Fund Sectoral/ Thematic · held 1.3 yrs | 4.26% | Jan 2025 | ₹1,115.75 | +40% | +1.02% | added |
| Mahindra Manulife Aggressive Hybrid Fund Aggressive Hybrid · held 1.8 yrs | 0.96% | Jan 2020 | ₹506.40 | +208% | +0.96% | entered |
| Nippon India Retirement Fund- Wealth Creation Scheme Retirement · held 3.8 yrs | 1.39% | Jul 2017 | ₹609.45 | +156% | +0.96% | added |
| Groww Multicap Fund Multi Cap · held 1.4 yrs | 2.41% | Apr 2025 | ₹1,305.00 | +19% | +0.95% | added |
| Bandhan Large & Mid Cap Fund Large & Mid Cap · held 4.9 yrs | 1.26% | Sep 2021 | ₹1,014.30 | +54% | +0.74% | added |
| Nippon India Innovation Fund Sectoral/ Thematic · held 4 mo | 1.00% | May 2026 | ₹1,674.00 | −7% | +0.72% | added |
| DSP Multi Cap Fund Multi Cap · held 1.5 yrs | 3.31% | Mar 2025 | ₹1,147.70 | +36% | +0.71% | added |
| Mirae Asset Midcap Fund Mid Cap · held 4.8 yrs | 1.82% | Aug 2021 | ₹1,088.15 | +43% | +0.71% | added |
| Invesco India ELSS Tax Saver Fund ELSS · held 4 mo | 0.50% | Mar 2017 | ₹576.95 | +170% | +0.50% | entered |
| LIC MF Banking and Financial Services Fund Sectoral/ Thematic · held 2.1 yrs | 2.58% | Oct 2018 | ₹377.20 | +313% | +0.48% | added |
| Tata Multi Asset Allocation Fund Multi Asset Allocation · held 1.0 yrs | 1.18% | Sep 2025 | ₹1,575.90 | −1% | +0.41% | added |
| BANK OF INDIA MID CAP TAX FUND Series 2 ELSS · held 11 mo | 1.79% | Jun 2022 | ₹782.35 | +99% | +0.34% | added |
| DSP Small Cap Fund Small Cap · held 1.7 yrs | 1.30% | Jan 2025 | ₹1,115.75 | +40% | +0.28% | added |
| Tata Mid Cap Fund Mid Cap · held 1.3 yrs | 3.03% | Jun 2025 | ₹1,647.10 | −5% | +0.26% | added |
| WhiteOak Capital Arbitrage Fund Arbitrage · held 1.4 yrs | 0.70% | Jan 2025 | ₹1,115.75 | +40% | +0.24% | added |
| DSP Dynamic Asset Allocation Fund Dynamic Asset Allocation or Balanced Advantage · held 5.3 yrs | 1.04% | Jan 2020 | ₹506.40 | +208% | +0.23% | added |
| Bajaj Finserv Balanced Advantage Fund Dynamic Asset Allocation or Balanced Advantage · held 5 mo | 0.72% | Apr 2026 | ₹1,585.70 | −2% | +0.20% | added |
| Bajaj Finserv Multi Cap Fund Multi Cap · held 8 mo | 2.34% | Jan 2026 | ₹1,613.60 | −3% | +0.18% | added |
| Bajaj Finserv Arbitrage Fund Arbitrage · held 6 mo | 0.17% | Jun 2024 | ₹971.70 | +60% | +0.17% | entered |
| Baroda BNP Paribas Multi Cap Fund Multi Cap · held 1.7 yrs | 1.17% | May 2024 | ₹918.15 | +70% | +0.17% | added |
| Nippon India Vision Large & Mid Cap Fund Large & Mid Cap · held 4.5 yrs | 0.17% | Jun 2018 | ₹432.55 | +260% | +0.17% | entered |
| WhiteOak Capital Quality Equity Fund Sectoral/ Thematic · held 1.6 yrs | 1.24% | Jan 2025 | ₹1,115.75 | +40% | +0.16% | added |
| BARODA BNP PARIBAS CONSERVATIVE HYBRID FUND Conservative Hybrid · held 2.2 yrs | 0.40% | Jul 2024 | ₹1,112.00 | +40% | +0.14% | added |
| Canara Robeco Mid Cap Fund Mid Cap · held 3.0 yrs | 2.33% | Sep 2023 | ₹909.75 | +71% | +0.14% | added |
| DSP ELSS Tax Saver Fund ELSS · held 8.1 yrs | 2.04% | Jan 2013 | ₹249.90 | +524% | +0.14% | added |
| DSP Midcap Fund Mid Cap · held 13 yrs | 2.63% | Jan 2013 | ₹249.90 | +524% | +0.12% | added |
| WhiteOak Capital Large Cap Fund Large Cap · held 2.4 yrs | 0.97% | Mar 2024 | ₹1,002.20 | +56% | +0.11% | added |
| JioBlackRock Sector Rotation Fund Sectoral/ Thematic · held 4 mo | 0.09% | Feb 2026 | ₹1,813.40 | −14% | +0.09% | entered |
| DSP Large & Mid Cap Fund Large & Mid Cap · held 7.2 yrs | 1.96% | Jan 2013 | ₹249.90 | +524% | +0.09% | added |
| WhiteOak Capital Mid Cap Fund Mid Cap · held 2.9 yrs | 3.11% | Aug 2023 | ₹933.70 | +67% | +0.08% | added |
| ICICI Prudential Balanced Advantage Fund Dynamic Asset Allocation or Balanced Advantage · held 5.9 yrs | 0.07% | Dec 2013 | ₹216.15 | +621% | +0.07% | entered |
| DSP India T.I.G.E.R. Fund Sectoral/ Thematic · held 4.8 yrs | 1.90% | Jan 2013 | ₹249.90 | +524% | +0.07% | added |
| ICICI Prudential Arbitrage Fund Arbitrage · held 6.2 yrs | 0.30% | Apr 2017 | ₹655.90 | +138% | +0.06% | added |
| Baroda BNP Paribas Innovation Fund Sectoral/ Thematic · held 2.4 yrs | 1.98% | Apr 2024 | ₹1,010.90 | +54% | +0.06% | added |
| Tata Balanced Advantage Fund Dynamic Asset Allocation or Balanced Advantage · held 1.1 yrs | 1.21% | Aug 2025 | ₹1,602.20 | −3% | +0.06% | added |
| Baroda BNP Paribas Mid Cap Fund Mid Cap · held 2.0 yrs | 1.51% | May 2023 | ₹706.55 | +121% | +0.04% | added |
| HDFC Arbitrage Fund Arbitrage · held 2.1 yrs | 0.22% | Apr 2024 | ₹1,010.90 | +54% | +0.04% | added |
| Sundaram Flexicap Fund Flexi Cap · held 3.3 yrs | 1.01% | Sep 2022 | ₹762.60 | +104% | +0.03% | added |
| Axis Arbitrage Fund Arbitrage · held 2.9 yrs | 0.23% | Oct 2020 | ₹590.55 | +164% | +0.02% | added |
| DSP Flexi Cap Fund Flexi Cap · held 5.9 yrs | 2.11% | Jan 2013 | ₹249.90 | +524% | +0.02% | added |
| Sundaram ELSS Tax Saver Fund ELSS · held 4.0 yrs | 1.00% | Dec 2021 | ₹980.35 | +59% | +0.02% | added |
| Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) Equity Savings · held 5.5 yrs | 0.41% | Jul 2017 | ₹609.45 | +156% | +0.01% | held |
| ADITYA BIRLA SUN LIFE ARBITRAGE FUND Arbitrage · held 4.8 yrs | 0.17% | May 2018 | ₹490.10 | +218% | +0.01% | added |
| HDFC Equity Savings Fund Equity Savings · held 2.3 yrs | 0.55% | Apr 2024 | ₹1,010.90 | +54% | 0.00% | held |
| WhiteOak Capital Equity Savings Fund Equity Savings · held 1.5 yrs | 0.17% | Mar 2025 | ₹1,147.70 | +36% | 0.00% | held |
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.