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 |
|---|---|---|---|---|---|---|
| Nippon India Multi Cap Fund Multi Cap · held 14 yrs | 1.72% | Sep 2012 | — | — | -0.37% | trimmed |
| Nippon India ELSS Tax Saver Fund ELSS · held 5.4 yrs | 1.28% | Sep 2012 | — | — | -0.09% | held |
| Nippon India Banking & Financial Services Fund Sectoral/ Thematic · held 14 yrs | 2.22% | Oct 2012 | — | — | -0.29% | held |
| Nippon India Growth Mid Cap Fund Mid Cap · held 14 yrs | 1.48% | Oct 2012 | — | — | -0.25% | held |
| Nippon India Large Cap Fund Large Cap · held 8.9 yrs | 0.28% | Oct 2012 | — | — | -0.18% | trimmed |
| Nippon India Value Fund Value · held 12 yrs | 0.99% | Nov 2012 | — | — | -0.09% | held |
| DSP Midcap Fund Mid Cap · held 13 yrs | 2.63% | Jan 2013 | ₹249.90 | +524% | +0.12% | added |
| DSP Flexi Cap Fund Flexi Cap · held 5.9 yrs | 2.11% | Jan 2013 | ₹249.90 | +524% | +0.02% | added |
| DSP ELSS Tax Saver Fund ELSS · held 8.1 yrs | 2.04% | Jan 2013 | ₹249.90 | +524% | +0.14% | added |
| DSP Large & Mid Cap Fund Large & Mid Cap · held 7.2 yrs | 1.96% | Jan 2013 | ₹249.90 | +524% | +0.09% | added |
| 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 Banking & Financial Services Fund Sectoral/ Thematic · held 12 yrs | 1.16% | Jan 2013 | ₹249.90 | +524% | -0.15% | held |
| 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 |
| Invesco India Financial Services Fund Sectoral/ Thematic · held 3.7 yrs | 1.44% | Jan 2015 | ₹474.55 | +229% | -0.02% | added |
| Tata Banking & Financial Services Fund Sectoral/ Thematic · held 9.3 yrs | 1.70% | Mar 2016 | ₹344.05 | +353% | -0.27% | held |
| UTI Aggressive Hybrid Fund Aggressive Hybrid · held 7.5 yrs | 0.59% | May 2016 | ₹356.05 | +338% | -0.07% | held |
| UTI Retirement Fund Retirement · held 8.1 yrs | 0.30% | May 2016 | ₹356.05 | +338% | -0.02% | held |
| LIC MF Mid Cap Fund Mid Cap · held 2.7 yrs | 0 | May 2016 | ₹356.05 | +338% | — | exited Jun 2026 |
| Invesco India Mid Cap Fund Mid Cap · held 3.4 yrs | 3.07% | Dec 2016 | ₹548.75 | +184% | -0.52% | added |
| 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 |
| Sundaram Mid Cap Fund Mid Cap · held 9.5 yrs | 1.91% | Feb 2017 | ₹563.60 | +177% | -0.30% | held |
| Invesco India ELSS Tax Saver Fund ELSS · held 4 mo | 0.50% | Mar 2017 | ₹576.95 | +170% | +0.50% | entered |
| Invesco India Arbitrage Fund Arbitrage · held 4.3 yrs | 0.29% | Mar 2017 | ₹576.95 | +170% | -0.34% | trimmed |
| Aditya Birla Sun Life Flexi Cap Fund Flexi Cap · held 9.4 yrs | 0.78% | Apr 2017 | ₹655.90 | +138% | -0.15% | held |
| JM Arbitrage Fund Arbitrage · held 1.8 yrs | 0.67% | Apr 2017 | ₹655.90 | +138% | -0.26% | held |
| ICICI Prudential Arbitrage Fund Arbitrage · held 6.2 yrs | 0.30% | Apr 2017 | ₹655.90 | +138% | +0.06% | added |
| Nippon India Arbitrage Fund Arbitrage · held 6.3 yrs | 0.20% | Apr 2017 | ₹655.90 | +138% | -0.15% | trimmed |
| Aditya Birla Sun Life Aggressive Hybrid Fund Aggressive Hybrid · held 3.9 yrs | 0 | Apr 2017 | ₹655.90 | +138% | — | exited Jun 2026 |
| Mahindra Manulife Multi Cap Fund Multi Cap · held 4.5 yrs | 0.82% | May 2017 | ₹583.70 | +167% | -0.19% | held |
| UTI - Banking and Financial Services Fund Sectoral/ Thematic · held 4.8 yrs | 1.69% | Jul 2017 | ₹609.45 | +156% | -0.26% | held |
| Nippon India Retirement Fund- Wealth Creation Scheme Retirement · held 3.8 yrs | 1.39% | Jul 2017 | ₹609.45 | +156% | +0.96% | 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 Midcap Fund Mid Cap · held 9.1 yrs | 2.60% | Aug 2017 | ₹601.55 | +159% | -0.61% | trimmed |
| Mahindra Manulife Mid Cap Fund Mid Cap · held 6.0 yrs | 2.05% | Jan 2018 | ₹534.25 | +192% | -0.38% | held |
| UTI Large & Mid Cap Fund Large & Mid Cap · held 8.3 yrs | 1.29% | Jan 2018 | ₹534.25 | +192% | -0.09% | added |
| Motilal Oswal Nifty Midcap 100 ETF Other ETFs · held 8.3 yrs | 1.19% | Mar 2018 | ₹453.45 | +244% | -0.14% | added |
| ICICI Prudential BSE 500 ETF Other ETFs · held 8.0 yrs | 0.21% | May 2018 | ₹490.10 | +218% | -0.03% | held |
| ADITYA BIRLA SUN LIFE ARBITRAGE FUND Arbitrage · held 4.8 yrs | 0.17% | May 2018 | ₹490.10 | +218% | +0.01% | 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 |
| LIC MF Large & Mid Cap Fund Large & Mid Cap · held 3.3 yrs | 0 | Jun 2018 | ₹432.55 | +260% | — | exited Jun 2026 |
| UTI - Mid Cap Fund Mid Cap · held 8.1 yrs | 1.97% | Jul 2018 | ₹497.20 | +214% | -0.22% | added |
| LIC MF Banking and Financial Services Fund Sectoral/ Thematic · held 2.1 yrs | 2.58% | Oct 2018 | ₹377.20 | +313% | +0.48% | added |
| LIC MF Arbitrage Fund Arbitrage · held 10 mo | 0.08% | Jan 2019 | ₹398.15 | +292% | -0.03% | held |
| Motilal Oswal Nifty Midcap 150 Index Fund Index Funds · held 7.0 yrs | 0.98% | Sep 2019 | ₹426.80 | +265% | -0.12% | added |
| Nippon India ETF Nifty Midcap 150 Other ETFs · held 7.0 yrs | 0.98% | Sep 2019 | ₹426.80 | +265% | -0.13% | added |
| Motilal Oswal Nifty 500 Index Fund Index Funds · held 6.9 yrs | 0.21% | Sep 2019 | ₹426.80 | +265% | -0.02% | added |
| ITI Multi Cap Fund Multi Cap · held 5.1 yrs | 1.21% | Nov 2019 | ₹504.90 | +209% | -0.17% | 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 |
| ICICI Prudential Nifty Midcap 150 ETF Other ETFs · held 6.7 yrs | 0.97% | Jan 2020 | ₹506.40 | +208% | -0.13% | added |
| Mahindra Manulife Aggressive Hybrid Fund Aggressive Hybrid · held 1.8 yrs | 0.96% | Jan 2020 | ₹506.40 | +208% | +0.96% | entered |
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
Trimmed: funds that held it three disclosures ago and hold less of it now.
| Fund | 3-mo change | Weight now | Since | Now vs entry |
|---|---|---|---|---|
| Bandhan Nifty Alpha 50 Index Fund Index Funds | -1.71% | 0.51% | Jun 2025 | −5% |
| Motilal Oswal Nifty Alpha 50 ETF Other ETFs | -1.71% | 0.51% | Jul 2025 | +4% |
| Tata Nifty Midcap 150 Momentum 50 Index Fund Index Funds | -1.70% | 1.19% | Jun 2025 | −5% |
| Motilal Oswal Nifty Midcap 150 Momentum 50 ETF Other ETFs | -1.70% | 1.19% | Jun 2025 | −5% |
| Union Equity Savings Fund Equity Savings | -1.64% | 0.78% | Oct 2024 | +22% |
| JioBlackRock Flexi Cap Fund Flexi Cap | -0.94% | 0.56% | Oct 2025 | +1% |
| Bandhan Nifty Alpha Low Volatility 30 Index Fund Index Funds | -0.90% | 2.32% | Dec 2025 | −7% |
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETF Other ETFs | -0.89% | 2.32% | Dec 2025 | −7% |
| Nippon India Nifty Alpha Low Volatility 30 Index Fund Index Funds | -0.89% | 2.32% | Dec 2025 | −7% |
| UTI Nifty Alpha Low-Volatility 30 Index Fund Equity Funds | -0.89% | 2.32% | Dec 2025 | −7% |
| Union Multicap Fund Multi Cap | -0.87% | 1.05% | Sep 2024 | +31% |
| Bajaj Finserv Flexi Cap Fund Flexi Cap | -0.65% | 0.99% | Feb 2026 | −14% |
| Union Balanced Advantage Fund Dynamic Asset Allocation or Balanced Advantage | -0.64% | 0.76% | Jul 2024 | +40% |
| Nippon India Nifty 500 Low Volatility 50 Index Fund Index Funds | -0.61% | 0.93% | Jun 2025 | −5% |
| Aditya Birla Sun Life Midcap Fund Mid Cap | -0.61% | 2.60% | Aug 2017 | +159% |
| Groww Nifty 500 Low Volatility 50 ETF Other ETFs | -0.60% | 0.93% | Jun 2025 | −5% |
| Baroda BNP Paribas Banking and Financial Services Fund Sectoral/ Thematic | -0.53% | 1.37% | Aug 2023 | +67% |
| Groww ELSS Tax Saver Fund ELSS | -0.53% | 0.52% | Jul 2025 | +4% |
| Union Aggressive Hybrid Fund Aggressive Hybrid | -0.52% | 0.47% | Dec 2025 | −7% |
| Motilal Oswal BSE Financials ex Bank 30 Index Fund Index Funds | -0.45% | 2.33% | Jul 2024 | +40% |
| JioBlackRock Arbitrage Fund Arbitrage | -0.40% | 0.31% | Jan 2026 | −3% |
| Nippon India Multi Cap Fund Multi Cap | -0.37% | 1.72% | Sep 2012 | — |
| Union Multi Asset Allocation Fund Multi Asset Allocation | -0.37% | 0.74% | Sep 2024 | +31% |
| Union Flexi Cap Fund Flexi Cap | -0.35% | 0.64% | Oct 2024 | +22% |
| Invesco India Arbitrage Fund Arbitrage | -0.34% | 0.29% | Mar 2017 | +170% |
| ICICI Prudential Nifty Financial Services Ex-Bank ETF Other ETFs | -0.31% | 2.30% | Nov 2022 | +121% |
| Baroda BNP Paribas ELSS Tax Saver Fund ELSS | -0.30% | 1.42% | Apr 2024 | +54% |
| Union Small Cap Fund Small Cap | -0.27% | 0.47% | Mar 2025 | +36% |
| HSBC Arbitrage Fund Arbitrage | -0.26% | 0.20% | Nov 2022 | +121% |
| ITI Arbitrage Fund Arbitrage | -0.24% | 1.20% | Mar 2023 | +146% |
| Mirae Asset Nifty Financial Services ETF Equity ETF | -0.20% | 1.28% | Mar 2026 | +5% |
| Nippon India Large Cap Fund Large Cap | -0.18% | 0.28% | Oct 2012 | — |
| Tata Nifty Financial Services Index Fund Index Funds | -0.18% | 1.30% | Mar 2026 | +5% |
| UTI Quant Fund Sectoral/ Thematic | -0.16% | 0.26% | Aug 2025 | −3% |
| Nippon India Arbitrage Fund Arbitrage | -0.15% | 0.20% | Apr 2017 | +138% |
| LIC MF Nifty Midcap 100 ETF Other ETFs | -0.14% | 1.19% | Feb 2024 | +61% |
| UTI Nifty Midcap 150 Exchange Traded Fund Equity ETF | -0.13% | 0.97% | Sep 2023 | +71% |
| Bandhan Nifty Midcap 150 Index Fund Index Funds | -0.13% | 0.97% | Sep 2024 | +31% |
| SBI Arbitrage Fund Arbitrage | -0.08% | 0.34% | Jan 2023 | +87% |
| Baroda BNP Paribas Equity Savings Fund Equity Savings | -0.08% | 0.51% | Apr 2024 | +54% |
| Mirae Asset Nifty LargeMidcap 250 Index Fund Equity Funds | -0.08% | 0.50% | Oct 2024 | +22% |
| Mirae Asset BSE 200 Equal Weight ETF Equity ETF | -0.06% | 0.46% | Mar 2025 | +36% |
| UTI Multi Asset Allocation Fund Multi Asset Allocation | -0.04% | 0.49% | Jul 2025 | +4% |
| Mirae Asset Nifty500 Multicap 50 25 25 ETF Equity ETF | -0.03% | 0.25% | Aug 2024 | +45% |
| Motilal Oswal BSE 1000 Index Fund Index Funds | -0.03% | 0.19% | Jun 2025 | −5% |
| Groww Nifty 200 ETF Other ETFs | -0.02% | 0.24% | Feb 2025 | +56% |
| Mirae Asset Nifty Total Market Index Fund Equity Funds | -0.02% | 0.20% | Oct 2024 | +22% |
| BANDHAN NIFTY TOTAL MARKET INDEX FUND Index Funds | -0.02% | 0.20% | Aug 2024 | +45% |
| SBI Nifty 500 Index Fund Index Funds | -0.02% | 0.21% | Sep 2024 | +31% |
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.