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% points 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% points | trimmed |
| Union Multi Asset Allocation Fund Multi Asset Allocation · held 2.0 yrs | 0.74% | Sep 2024 | ₹1,191.00 | +31% | −0.37% points | trimmed |
| Mahindra Manulife Mid Cap Fund Mid Cap · held 6.0 yrs | 2.05% | Jan 2018 | ₹534.25 | +192% | −0.38% points | held |
| JioBlackRock Arbitrage Fund Arbitrage · held 6 mo | 0.31% | Jan 2026 | ₹1,613.60 | −3% | −0.40% points | trimmed |
| Mahindra Manulife Innovation Opportunities Fund Sectoral/ Thematic · held 7 mo | 1.46% | Feb 2026 | ₹1,813.40 | −14% | −0.43% points | 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% points | trimmed |
| Union Midcap Fund Mid Cap · held 2.2 yrs | 2.82% | Jul 2024 | ₹1,112.00 | +40% | −0.47% points | added |
| ICICI Prudential BSE Midcap Select ETF Other ETFs · held 5.3 yrs | 2.82% | Jun 2020 | ₹542.00 | +188% | −0.49% points | added |
| Invesco India Mid Cap Fund Mid Cap · held 3.4 yrs | 3.07% | Dec 2016 | ₹548.75 | +184% | −0.52% points | added |
| MahindraManulife Banking & Financial Services Fund Sectoral/ Thematic · held 1.1 yrs | 2.76% | Aug 2025 | ₹1,602.20 | −3% | −0.52% points | held |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Index Funds · held 1.8 yrs | 3.56% | Nov 2024 | ₹1,133.95 | +37% | −0.52% points | added |
| Union Aggressive Hybrid Fund Aggressive Hybrid · held 9 mo | 0.47% | Dec 2025 | ₹1,671.80 | −7% | −0.52% points | trimmed |
| Groww ELSS Tax Saver Fund ELSS · held 1.2 yrs | 0.52% | Jul 2025 | ₹1,501.40 | +4% | −0.53% points | trimmed |
| Baroda BNP Paribas Banking and Financial Services Fund Sectoral/ Thematic · held 1.8 yrs | 1.37% | Aug 2023 | ₹933.70 | +67% | −0.53% points | trimmed |
| BANK OF INDIA AGGRESSIVE HYBRID FUND Aggressive Hybrid · held 1.5 yrs | 1.48% | Oct 2020 | ₹590.55 | +164% | −0.58% points | added |
| Canara Robeco Banking and Financial Services Fund Sectoral/ Thematic · held 6 mo | 2.71% | Mar 2026 | ₹1,490.70 | +5% | −0.58% points | held |
| Groww Banking & Financial Services Fund Sectoral/ Thematic · held 1.2 yrs | 1.77% | Dec 2024 | ₹1,113.90 | +40% | −0.59% points | held |
| Groww Nifty 500 Low Volatility 50 ETF Other ETFs · held 1.3 yrs | 0.93% | Jun 2025 | ₹1,647.10 | −5% | −0.60% points | trimmed |
| Aditya Birla Sun Life Midcap Fund Mid Cap · held 9.1 yrs | 2.60% | Aug 2017 | ₹601.55 | +159% | −0.61% points | trimmed |
| Nippon India Nifty 500 Low Volatility 50 Index Fund Index Funds · held 1.3 yrs | 0.93% | Jun 2025 | ₹1,647.10 | −5% | −0.61% points | trimmed |
| Helios Mid Cap Fund Mid Cap · held 1.5 yrs | 1.06% | Mar 2025 | ₹1,147.70 | +36% | −0.63% points | held |
| Union Balanced Advantage Fund Dynamic Asset Allocation or Balanced Advantage · held 2.2 yrs | 0.76% | Jul 2024 | ₹1,112.00 | +40% | −0.64% points | trimmed |
| Bajaj Finserv Flexi Cap Fund Flexi Cap · held 7 mo | 0.99% | Feb 2026 | ₹1,813.40 | −14% | −0.65% points | trimmed |
| TRUSTMF MID CAP FUND Mid Cap · held 6 mo | 1.60% | Mar 2026 | ₹1,490.70 | +5% | −0.68% points | added |
| HDFC Mid Cap Fund Mid Cap · held 10 mo | 3.79% | Nov 2025 | ₹1,702.10 | −8% | −0.70% points | held |
| Union Multicap Fund Multi Cap · held 2.0 yrs | 1.05% | Sep 2024 | ₹1,191.00 | +31% | −0.87% points | trimmed |
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETF Other ETFs · held 9 mo | 2.32% | Dec 2025 | ₹1,671.80 | −7% | −0.89% points | 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% points | trimmed |
| UTI Nifty Alpha Low-Volatility 30 Index Fund Equity Funds · held 9 mo | 2.32% | Dec 2025 | ₹1,671.80 | −7% | −0.89% points | trimmed |
| Bandhan Nifty Alpha Low Volatility 30 Index Fund Index Funds · held 9 mo | 2.32% | Dec 2025 | ₹1,671.80 | −7% | −0.90% points | trimmed |
| JioBlackRock Flexi Cap Fund Flexi Cap · held 11 mo | 0.56% | Oct 2025 | ₹1,546.50 | +1% | −0.94% points | trimmed |
| Union Equity Savings Fund Equity Savings · held 1.9 yrs | 0.78% | Oct 2024 | ₹1,283.00 | +22% | −1.64% points | trimmed |
| Motilal Oswal Nifty Midcap 150 Momentum 50 ETF Other ETFs · held 1.3 yrs | 1.19% | Jun 2025 | ₹1,647.10 | −5% | −1.70% points | trimmed |
| SBI Nifty Midcap 150 Momentum 50 ETF Other ETFs · held 6 mo | 1.19% | Mar 2026 | ₹1,490.70 | +5% | −1.70% points | added |
| Tata Nifty Midcap 150 Momentum 50 Index Fund Index Funds · held 1.3 yrs | 1.19% | Jun 2025 | ₹1,647.10 | −5% | −1.70% points | trimmed |
| Bandhan Nifty Alpha 50 Index Fund Index Funds · held 1.3 yrs | 0.51% | Jun 2025 | ₹1,647.10 | −5% | −1.71% points | trimmed |
| Motilal Oswal Nifty Alpha 50 ETF Other ETFs · held 1.2 yrs | 0.51% | Jul 2025 | ₹1,501.40 | +4% | −1.71% points | trimmed |
| Aditya Birla Sun Life Aggressive Hybrid Fund Aggressive Hybrid · held 3.9 yrs | 0 | Apr 2017 | ₹655.90 | +138% | — | exited Jun 2026 |
| Aditya Birla Sun Life BSE 500 Momentum 50 Index Fund Equity Funds · held 10 mo | 0 | Aug 2025 | ₹1,602.20 | −3% | — | exited May 2026 |
| Aditya Birla Sun Life Nifty 200 Momentum 30 ETF Other ETFs · held 1.0 yrs | 0 | Jun 2025 | ₹1,647.10 | −5% | — | exited May 2026 |
| Aditya Birla Sun Life Quant Fund Sectoral/ Thematic · held 1.1 yrs | 0 | Jun 2025 | ₹1,647.10 | −5% | — | exited Jun 2026 |
| Axis Nifty500 Momentum 50 Index Fund Equity Funds · held 1.0 yrs | 0 | Jun 2025 | ₹1,647.10 | −5% | — | exited May 2026 |
| BANDHAN NIFTY200 MOMENTUM 30 INDEX FUND Index Funds · held 1.0 yrs | 0 | Jun 2025 | ₹1,647.10 | −5% | — | exited May 2026 |
| BARODA BNP PARIBAS ARBITRAGE FUND Arbitrage · held 1.1 yrs | 0 | Dec 2024 | ₹1,113.90 | +40% | — | exited May 2026 |
| Bandhan Nifty 500 Momentum 50 Index Fund Index Funds · held 1.0 yrs | 0 | Jun 2025 | ₹1,647.10 | −5% | — | exited May 2026 |
| Baroda BNP Paribas Nifty200 Momentum 30 Index Fund Index Funds · held 1.0 yrs | 0 | Jun 2025 | ₹1,647.10 | −5% | — | exited May 2026 |
| Baroda BNP Paribas Services Fund Sectoral/ Thematic · held 1 mo | 1.52% | Aug 2026 | ₹1,573.10 | −1% | — | held |
| Groww Nifty 500 Momentum 50 ETF Other ETFs · held 1.0 yrs | 0 | Jun 2025 | ₹1,647.10 | −5% | — | exited May 2026 |
| HDFC NIFTY200 MOMENTUM 30 ETF Other ETFs · held 1.0 yrs | 0 | Jun 2025 | ₹1,647.10 | −5% | — | exited May 2026 |
| HDFC Retirement Fund - Equity Plan Retirement · held 1 mo | 1.35% | Aug 2026 | ₹1,573.10 | −1% | — | 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
−79.56% points
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
Added: funds that held it three disclosures ago and hold more of it now.
| Fund | 3-mo change | Weight now | Since | Now vs entry |
|---|---|---|---|---|
| There is no page 12; back to the first. | ||||
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.