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 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 |
| Canara Robeco Aggressive Hybrid Fund Aggressive Hybrid · held 3.2 yrs | 0.88% | Sep 2021 | ₹1,014.30 | +54% | −0.09% points | held |
| ITI Flexi Cap Fund Flexi Cap · held 2.0 yrs | 0.86% | Sep 2024 | ₹1,191.00 | +31% | −0.20% points | added |
| Aditya Birla Sun Life Retirement Fund-The 50s Plan Retirement · held 2.7 yrs | 0.85% | Jan 2024 | ₹890.30 | +75% | −0.07% points | held |
| Mahindra Manulife Multi Cap Fund Multi Cap · held 4.5 yrs | 0.82% | May 2017 | ₹583.70 | +167% | −0.19% points | held |
| LIC MF Equity Savings Fund Equity Savings · held 7 mo | 0.81% | Jan 2024 | ₹890.30 | +75% | −0.14% points | held |
| Aditya Birla Sun Life Flexi Cap Fund Flexi Cap · held 9.4 yrs | 0.78% | Apr 2017 | ₹655.90 | +138% | −0.15% points | held |
| BANDHAN INNOVATION FUND Sectoral/ Thematic · held 2.3 yrs | 0.78% | Apr 2024 | ₹1,010.90 | +54% | −0.19% points | added |
| DSP Business Cycle Fund Sectoral/ Thematic · held 1.4 yrs | 0.78% | Apr 2025 | ₹1,305.00 | +19% | −0.26% points | held |
| Union Equity Savings Fund Equity Savings · held 1.9 yrs | 0.78% | Oct 2024 | ₹1,283.00 | +22% | −1.64% points | trimmed |
| BANDHAN MULTI CAP FUND Multi Cap · held 2.9 yrs | 0.77% | Sep 2023 | ₹909.75 | +71% | −0.09% points | held |
| HDFC Multi Cap Fund Multi Cap · held 2.4 yrs | 0.76% | Apr 2024 | ₹1,010.90 | +54% | −0.09% 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 |
| Union Multi Asset Allocation Fund Multi Asset Allocation · held 2.0 yrs | 0.74% | Sep 2024 | ₹1,191.00 | +31% | −0.37% points | trimmed |
| Bajaj Finserv Balanced Advantage Fund Dynamic Asset Allocation or Balanced Advantage · held 5 mo | 0.72% | Apr 2026 | ₹1,585.70 | −2% | +0.20% points | added |
| WhiteOak Capital Arbitrage Fund Arbitrage · held 1.4 yrs | 0.70% | Jan 2025 | ₹1,115.75 | +40% | +0.24% points | added |
| Mahindra Manulife Large & Mid Cap Fund Large & Mid Cap · held 4.6 yrs | 0.69% | Jan 2020 | ₹506.40 | +208% | −0.10% points | held |
| JM Arbitrage Fund Arbitrage · held 1.8 yrs | 0.67% | Apr 2017 | ₹655.90 | +138% | −0.26% points | held |
| Navi Nifty Midsmallcap 400 Index Fund Index Funds · held 9 mo | 0.64% | Dec 2025 | ₹1,671.80 | −7% | −0.09% points | added |
| Union Flexi Cap Fund Flexi Cap · held 1.9 yrs | 0.64% | Oct 2024 | ₹1,283.00 | +22% | −0.35% points | trimmed |
| Groww Aggressive Hybrid Fund Aggressive Hybrid · held 1.3 yrs | 0.63% | Dec 2024 | ₹1,113.90 | +40% | −0.08% points | held |
| SBI CONSERVATIVE HYBRID FUND Conservative Hybrid · held 1.3 yrs | 0.62% | Jun 2025 | ₹1,647.10 | −5% | −0.06% points | held |
| UTI Aggressive Hybrid Fund Aggressive Hybrid · held 7.5 yrs | 0.59% | May 2016 | ₹356.05 | +338% | −0.07% points | held |
| JioBlackRock Flexi Cap Fund Flexi Cap · held 11 mo | 0.56% | Oct 2025 | ₹1,546.50 | +1% | −0.94% points | trimmed |
| HDFC Equity Savings Fund Equity Savings · held 2.3 yrs | 0.55% | Apr 2024 | ₹1,010.90 | +54% | 0.00% points | held |
| Groww ELSS Tax Saver Fund ELSS · held 1.2 yrs | 0.52% | Jul 2025 | ₹1,501.40 | +4% | −0.53% 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 |
| Baroda BNP Paribas Equity Savings Fund Equity Savings · held 2.4 yrs | 0.51% | Apr 2024 | ₹1,010.90 | +54% | −0.08% 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 |
| WhiteOak Capital Balanced Advantage Fund Dynamic Asset Allocation or Balanced Advantage · held 2.4 yrs | 0.51% | Apr 2024 | ₹1,010.90 | +54% | −0.07% points | held |
| Invesco India ELSS Tax Saver Fund ELSS · held 4 mo | 0.50% | Mar 2017 | ₹576.95 | +170% | +0.50% points | entered |
| Mirae Asset Nifty LargeMidcap 250 Index Fund Equity Funds · held 1.9 yrs | 0.50% | Oct 2024 | ₹1,283.00 | +22% | −0.08% points | trimmed |
| ICICI Prudential Nifty LargeMidcap 250 Index Fund Index Funds · held 2.5 yrs | 0.50% | Mar 2024 | ₹1,002.20 | +56% | −0.08% points | added |
| Mirae Asset Arbitrage Fund Arbitrage · held 3.0 yrs | 0.49% | May 2022 | ₹794.70 | +96% | −0.06% points | held |
| UTI Multi Asset Allocation Fund Multi Asset Allocation · held 1.2 yrs | 0.49% | Jul 2025 | ₹1,501.40 | +4% | −0.04% points | trimmed |
| WhiteOak Capital Aggressive Hybrid Fund Aggressive Hybrid · held 3 mo | 0.49% | Jun 2026 | ₹1,584.00 | −2% | — | held |
| Union Aggressive Hybrid Fund Aggressive Hybrid · held 9 mo | 0.47% | Dec 2025 | ₹1,671.80 | −7% | −0.52% points | trimmed |
| Union Small Cap Fund Small Cap · held 1.5 yrs | 0.47% | Mar 2025 | ₹1,147.70 | +36% | −0.27% points | trimmed |
| Aditya Birla Sun Life Multi Asset Allocation Fund Multi Asset Allocation · held 2.3 yrs | 0.47% | May 2024 | ₹918.15 | +70% | −0.09% points | held |
| Mirae Asset BSE 200 Equal Weight ETF Equity ETF · held 1.5 yrs | 0.46% | Mar 2025 | ₹1,147.70 | +36% | −0.06% points | trimmed |
| Mahindra Manulife Balanced Advantage Fund Dynamic Asset Allocation or Balanced Advantage · held 1.0 yrs | 0.45% | Feb 2023 | ₹692.45 | +125% | −0.05% points | held |
| 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% points | held |
| WhiteOak Capital Balanced Hybrid Fund Balanced Hybrid · held 2.4 yrs | 0.41% | Apr 2024 | ₹1,010.90 | +54% | −0.06% points | held |
| BARODA BNP PARIBAS CONSERVATIVE HYBRID FUND Conservative Hybrid · held 2.2 yrs | 0.40% | Jul 2024 | ₹1,112.00 | +40% | +0.14% points | added |
| ICICI Prudential Flexi Cap fund Flexi Cap · held 5.2 yrs | 0.36% | Jul 2021 | ₹1,122.10 | +39% | −0.11% points | held |
| SBI Arbitrage Fund Arbitrage · held 3.6 yrs | 0.34% | Jan 2023 | ₹835.65 | +87% | −0.08% points | trimmed |
| JioBlackRock Arbitrage Fund Arbitrage · held 6 mo | 0.31% | Jan 2026 | ₹1,613.60 | −3% | −0.40% points | trimmed |
| ICICI Prudential Arbitrage Fund Arbitrage · held 6.2 yrs | 0.30% | Apr 2017 | ₹655.90 | +138% | +0.06% points | added |
| UTI Retirement Fund Retirement · held 8.1 yrs | 0.30% | May 2016 | ₹356.05 | +338% | −0.02% points | held |
| Invesco India Arbitrage Fund Arbitrage · held 4.3 yrs | 0.29% | Mar 2017 | ₹576.95 | +170% | −0.34% points | trimmed |
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 15; 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.