Mutual funds boost holdings in nine stocks in November 2025, Ather Energy leads gains

Mutual funds stepped up buying in a set of nine stocks in November, and these shares have already generated strong FY26 returns. More than 15 mutual funds added exposure to each name, and every stock has delivered double‑digit gains so far, with one counter, Ather Energy, advancing about 114 per cent since listing.

The increased activity is spread across auto, finance, telecom, information technology and consumer names, showing interest beyond a single theme. Data from ACE MF and ACE Equity indicate that mutual fund schemes and the rupee value of holdings both grew between October and November, pointing to broader institutional participation in these counters.

Across the nine stocks, FY26 returns range from 11 per cent to 114 per cent, while the number of mutual fund schemes is generally higher in November than in October. This pattern signals sustained buying momentum and suggests that domestic institutions are using recent market conditions to build positions in select sectors.

Ather Energy stands out within this group. The company listed on the stock exchanges in May 2025, and mutual fund interest has increased quickly. The stock was held by 72 schemes in October, which rose to 98 schemes in November, and the market value of these mutual fund stakes reached 4,630 crore rupees by the end of the month.

Since debuting at its issue price, Ather Energy’s share price has moved up by 114 per cent, making it the strongest performer among the nine stocks tracked. The sharp price move in a short period, together with rising scheme participation, has led to higher visibility for the company among institutional investors during FY26.

Another auto name, Mahindra & Mahindra, also attracted more flows from domestic mutual funds. The number of schemes invested in the company climbed from 521 in October to 536 in November. The market value of these mutual fund holdings reached 75,247 crore rupees, while Mahindra & Mahindra shares returned 35 per cent in FY26.

In the finance sector, Shriram Finance registered higher attention from fund managers. Schemes holding the stock increased from 300 in October to 316 in November. Combined mutual fund investments were valued at 21,413 crore rupees, and Shriram Finance has produced a 30 per cent gain so far in the current financial year.

Mutual funds stocks FY26 returns: telecom and consumer names

Telecom stocks Bharti Airtel and Indus Towers continued to see interest from mutual funds. Bharti Airtel stayed one of the most widely held names, with the number of schemes owning the stock rising from 610 in October to 630 in November. The total value of mutual fund holdings in the company reached 1,33,918 crore rupees, and the share price has advanced 20 per cent in FY26.

Indus Towers also saw a climb in institutional participation. Mutual fund schemes invested in the company increased from 217 in October to 232 in November. The combined rupee value of these holdings stood at 15,304 crore rupees, and the stock has delivered a 23 per cent return in FY26, showing consistent performance within the telecom segment.

Within consumer names, Asian Paints received higher allocations. The stock was present in 276 mutual fund schemes in October and in 302 schemes in November. The total value of these mutual fund investments reached 29,604 crore rupees, and Asian Paints has generated a 19 per cent gain in FY26, reflecting steady demand from institutional investors for established consumer companies.

Mutual funds stocks FY26 returns: IT counters gain traction

Information technology and IT‑linked services also featured prominently. Sagility appeared in 85 schemes in October, which increased to 109 schemes in November, and mutual fund holdings in the company were valued at 2,942 crore rupees. The stock has posted an 18 per cent advance so far in FY26, pointing to firm institutional confidence in this IT services player.

Mphasis drew more schemes as well. Mutual fund participation in the stock rose from 216 schemes in October to 242 schemes in November. The total rupee value of these positions reached 16,673 crore rupees, and Mphasis has delivered a 16 per cent return in the current financial year, placing the stock in the middle of the performance range within this nine‑stock basket.

Tech Mahindra rounded out the IT names in focus. The stock was held by 394 mutual fund schemes in October, which rose to 411 in November. Mutual fund holdings were worth 28,669 crore rupees, and Tech Mahindra shares recorded an 11 per cent price gain in FY26, the lowest return in this group but still in double digits.

The table below summarises schemes, mutual fund holdings and FY26 returns for these nine stocks that saw increased accumulation by more than 15 mutual funds in November.

Stock	Sector	Schemes (Oct)	Schemes (Nov)	MF holdings (Rs crore)	FY26 return (%)
Ather Energy	Auto / EV	72	98	4,630	114
Mahindra & Mahindra	Auto	521	536	75,247	35
Shriram Finance	Finance	300	316	21,413	30
Indus Towers	Telecom	217	232	15,304	23
Bharti Airtel	Telecom	610	630	1,33,918	20
Asian Paints	Consumer	276	302	29,604	19
Sagility	IT / Services	85	109	2,942	18
Mphasis	IT	216	242	16,673	16
Tech Mahindra	IT	394	411	28,669	11

Across these nine stocks, scheme participation and rupee holdings mostly increased from October to November, and FY26 returns currently range between 11 per cent and 114 per cent. The views and recommendations mentioned relate to market analysts and do not represent advice from the author or Greynium Information Technologies. The author, any brokerage firm, and Greynium are not responsible for losses arising from actions based on this article. Goodreturns.in states that investors should consult certified experts before making investment decisions.