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 |
|---|---|---|---|---|---|---|
| ITI Multi Cap Fund Multi Cap · held 5.1 yrs | 1.21% | Nov 2019 | ₹504.90 | +209% | −0.17% points | added |
| Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund ELSS · held 1.9 yrs | 1.53% | Oct 2024 | ₹1,283.00 | +22% | −0.17% points | held |
| Franklin India Mid Cap Fund Mid Cap · held 4.7 yrs | 1.27% | Dec 2021 | ₹980.35 | +59% | −0.17% points | held |
| ITI Mid Cap Fund Mid Cap · held 4.3 yrs | 0.98% | Mar 2021 | ₹859.45 | +81% | −0.18% points | held |
| Nippon India Large Cap Fund Large Cap · held 8.9 yrs | 0.28% | Oct 2012 | — | — | −0.18% points | trimmed |
| Tata Nifty Financial Services Index Fund Index Funds · held 6 mo | 1.30% | Mar 2026 | ₹1,490.70 | +5% | −0.18% points | trimmed |
| BANDHAN INNOVATION FUND Sectoral/ Thematic · held 2.3 yrs | 0.78% | Apr 2024 | ₹1,010.90 | +54% | −0.19% points | added |
| Mahindra Manulife Multi Cap Fund Multi Cap · held 4.5 yrs | 0.82% | May 2017 | ₹583.70 | +167% | −0.19% points | held |
| Union Value Fund Value · held 9 mo | 1.48% | Dec 2025 | ₹1,671.80 | −7% | −0.19% points | held |
| WhiteOak Capital ELSS Tax Saver Fund ELSS · held 2.5 yrs | 1.03% | Feb 2024 | ₹969.70 | +61% | −0.19% points | 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% points | added |
| Canara Robeco Consumption Fund Sectoral/ Thematic · held 3.2 yrs | 1.69% | Sep 2021 | ₹1,014.30 | +54% | −0.20% points | held |
| Canara Robeco Multi Cap Fund Multi Cap · held 2.2 yrs | 0.95% | Jul 2024 | ₹1,112.00 | +40% | −0.20% points | held |
| ITI Flexi Cap Fund Flexi Cap · held 2.0 yrs | 0.86% | Sep 2024 | ₹1,191.00 | +31% | −0.20% points | added |
| Mirae Asset Nifty Financial Services ETF Equity ETF · held 6 mo | 1.28% | Mar 2026 | ₹1,490.70 | +5% | −0.20% points | trimmed |
| BANDHAN MID CAP FUND Mid Cap · held 1.2 yrs | 0.99% | Jul 2025 | ₹1,501.40 | +4% | −0.21% points | added |
| Helios Small Cap Fund Small Cap · held 7 mo | 0.26% | Feb 2026 | ₹1,813.40 | −14% | −0.21% points | held |
| Invesco India Large & Mid Cap Fund Large & Mid Cap · held 3.2 yrs | 1.49% | Jan 2023 | ₹835.65 | +87% | −0.21% points | added |
| Union Retirement Fund Retirement · held 1.9 yrs | 1.27% | Oct 2024 | ₹1,283.00 | +22% | −0.21% points | held |
| Sundaram Multi Cap Fund (Formerly Known as Principal Multi Cap Growth Fund) Multi Cap · held 1.0 yrs | 1.31% | Dec 2021 | ₹980.35 | +59% | −0.21% points | held |
| Axis Nifty Midcap 50 Index Fund Equity Funds · held 3.3 yrs | 1.76% | Apr 2022 | ₹757.60 | +106% | −0.22% points | added |
| HDFC Value Fund Value · held 10 mo | 1.06% | Nov 2025 | ₹1,702.10 | −8% | −0.22% points | held |
| UTI - Mid Cap Fund Mid Cap · held 8.1 yrs | 1.97% | Jul 2018 | ₹497.20 | +214% | −0.22% points | added |
| Aditya Birla Sun Life Multi-Cap Fund Multi Cap · held 2.8 yrs | 1.27% | Dec 2023 | ₹954.30 | +63% | −0.22% points | held |
| ITI Arbitrage Fund Arbitrage · held 1.7 yrs | 1.20% | Mar 2023 | ₹635.00 | +146% | −0.24% points | trimmed |
| Canara Robeco Multi Asset Allocation Fund Multi Asset Allocation · held 1.3 yrs | 1.51% | Jun 2025 | ₹1,647.10 | −5% | −0.25% points | held |
| Nippon India Growth Mid Cap Fund Mid Cap · held 14 yrs | 1.48% | Oct 2012 | — | — | −0.25% points | held |
| WhiteOak Capital Large & Mid Cap Fund Large & Mid Cap · held 2.7 yrs | 2.14% | Jan 2024 | ₹890.30 | +75% | −0.25% points | added |
| DSP Business Cycle Fund Sectoral/ Thematic · held 1.4 yrs | 0.78% | Apr 2025 | ₹1,305.00 | +19% | −0.26% points | held |
| HSBC Arbitrage Fund Arbitrage · held 3.4 yrs | 0.20% | Nov 2022 | ₹705.60 | +121% | −0.26% points | trimmed |
| LIC MF Multi Cap Fund Multi Cap · held 8 mo | 1.09% | Jan 2026 | ₹1,613.60 | −3% | −0.26% points | held |
| UTI - Banking and Financial Services Fund Sectoral/ Thematic · held 4.8 yrs | 1.69% | Jul 2017 | ₹609.45 | +156% | −0.26% points | held |
| JM Arbitrage Fund Arbitrage · held 1.8 yrs | 0.67% | Apr 2017 | ₹655.90 | +138% | −0.26% points | held |
| Tata Banking & Financial Services Fund Sectoral/ Thematic · held 9.3 yrs | 1.70% | Mar 2016 | ₹344.05 | +353% | −0.27% points | held |
| Union Small Cap Fund Small Cap · held 1.5 yrs | 0.47% | Mar 2025 | ₹1,147.70 | +36% | −0.27% points | trimmed |
| Union Focused Fund Focused · held 1.6 yrs | 1.87% | Feb 2025 | ₹998.10 | +56% | −0.28% points | held |
| Aditya Birla Sun Life Large & Mid Cap Fund Large & Mid Cap · held 3.8 yrs | 2.29% | Feb 2017 | ₹563.60 | +177% | −0.29% points | held |
| BANDHAN FINANCIAL SERVICES FUND Sectoral/ Thematic · held 2.5 yrs | 2.24% | Sep 2023 | ₹909.75 | +71% | −0.29% points | added |
| Nippon India Banking & Financial Services Fund Sectoral/ Thematic · held 14 yrs | 2.22% | Oct 2012 | — | — | −0.29% points | held |
| Sundaram Mid Cap Fund Mid Cap · held 9.5 yrs | 1.91% | Feb 2017 | ₹563.60 | +177% | −0.30% points | held |
| Baroda BNP Paribas ELSS Tax Saver Fund ELSS · held 2.4 yrs | 1.42% | Apr 2024 | ₹1,010.90 | +54% | −0.30% points | trimmed |
| JM ELSS - Tax Saver Fund ELSS · held 1.3 yrs | 1.67% | May 2025 | ₹1,502.70 | +4% | −0.31% points | held |
| ICICI Prudential Nifty Financial Services Ex-Bank ETF Other ETFs · held 3.8 yrs | 2.30% | Nov 2022 | ₹705.60 | +121% | −0.31% points | trimmed |
| BANK OF INDIA MID CAP FUND Mid Cap · held 8 mo | 2.65% | Jan 2026 | ₹1,613.60 | −3% | −0.32% points | added |
| Union Children's Fund Children's · held 1.9 yrs | 1.68% | Oct 2024 | ₹1,283.00 | +22% | −0.32% points | held |
| HSBC Financial Services fund Sectoral/ Thematic · held 1.4 yrs | 1.98% | Apr 2025 | ₹1,305.00 | +19% | −0.34% points | held |
| Invesco India Arbitrage Fund Arbitrage · held 4.3 yrs | 0.29% | Mar 2017 | ₹576.95 | +170% | −0.34% points | trimmed |
| Union Flexi Cap Fund Flexi Cap · held 1.9 yrs | 0.64% | Oct 2024 | ₹1,283.00 | +22% | −0.35% points | trimmed |
| Union Large & Midcap Fund Large & Mid Cap · held 2.2 yrs | 2.16% | Jul 2024 | ₹1,112.00 | +40% | −0.35% points | held |
| JM Large & Mid Cap Fund Large & Mid Cap · held 5 mo | 2.00% | Apr 2026 | ₹1,585.70 | −2% | −0.36% points | 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 7; 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.