Top Large cap, Mid cap & Small Cap Stocks most Mutual Funds bought in May 2026
Mutual funds increased their exposure to several large-cap, mid-cap, and small-cap stocks in May 2026. Based on portfolio disclosures of actively managed mutual funds, here are the most accumulated stocks during the month.
Large-Cap Stocks: Mutual Funds Continue to Bet on Market Leaders
Large-cap companies dominated mutual fund buying activity, with banking and financial services leading the list.
| Company | Shares Bought (₹ Cr) | Current Holding (₹ Cr) | % of Total Equity Assets |
|---|---|---|---|
| ICICI Bank | 8,819 | 1,92,599 | 4.5% |
| HDFC Bank | 6,412 | 1,93,704 | 4.6% |
| Reliance Industries | 5,814 | 1,09,343 | 2.6% |
| HDFC Life Insurance | 2,175 | 18,452 | 0.4% |
| Eternal | 2,068 | 60,662 | 1.4% |
| Adani Enterprises | 2,011 | 10,582 | 0.2% |
| Life Insurance Corporation of India | 1,933 | 4,563 | 0.1% |
| Hyundai Motor India | 1,584 | 11,054 | 0.3% |
| Britannia Industries | 1,377 | 12,964 | 0.3% |
| Adani Energy Solutions | 1,314 | 12,054 | 0.3% |
Key Takeaways
- Private banks remained the biggest beneficiaries of fund inflows.
- Reliance Industries continued to attract strong institutional interest.
- Mutual funds increased exposure to select insurance and infrastructure companies.
Mid-Cap Stocks: Consumption and Energy Themes in Focus
Mutual funds aggressively accumulated several mid-cap names, highlighting interest in consumer and energy businesses.
| Company | Shares Bought (₹ Cr) | Current Holding (₹ Cr) | % of Total Equity Assets |
|---|---|---|---|
| Lenskart Solutions | 3,565 | 9,153 | 0.2% |
| Billionbrains Garage Ventures | 2,698 | 8,787 | 0.2% |
| JSW Energy | 2,372 | 7,726 | 0.2% |
| Info Edge (India) | 1,516 | 11,627 | 0.3% |
| Premier Energies | 1,494 | 6,153 | 0.1% |
| Hindustan Petroleum Corporation | 1,152 | 13,624 | 0.3% |
| Yes Bank | 1,008 | 2,467 | 0.1% |
| One 97 Communications | 858 | 11,900 | 0.3% |
| Indus Towers | 814 | 17,294 | 0.4% |
| United Spirits | 800 | 12,587 | 0.3% |
Key Takeaways
- Renewable energy and digital businesses continued to attract fund managers.
- Consumer-focused companies and telecom infrastructure players saw fresh inflows.
- Mid-cap diversification remains a key theme for mutual funds.
Small-Cap Stocks: Financials and Gas Utilities Lead
Among small-cap companies, gas distribution and financial services stocks witnessed notable buying.
| Company | Shares Bought (₹ Cr) | Current Holding (₹ Cr) | % of Total Equity Assets |
|---|---|---|---|
| Gujarat Gas | 4,028 | 6,157 | 0.1% |
| Pine Labs | 974 | 2,461 | 0.1% |
| Indraprastha Gas | 734 | 3,273 | 0.1% |
| Bandhan Bank | 710 | 6,079 | 0.1% |
| Central Bank of India | 560 | 563 | 0.0% |
| Manappuram Finance | 412 | 3,288 | 0.1% |
| PNB Housing Finance | 368 | 8,763 | 0.2% |
| Angel One | 306 | 5,557 | 0.1% |
| Aditya Birla Sun Life AMC | 303 | 2,499 | 0.1% |
| Amber Enterprises India | 293 | 5,980 | 0.1% |
Key Takeaways
- Gas distribution companies emerged as major gainers.
- Financial services and housing finance stocks continued to attract institutional money.
- Select fintech and consumer-electronics companies also featured among the top buys.
Conclusion
Mutual fund activity in May 2026 indicates continued confidence in:
- Banking and financial services
- Energy and infrastructure
- Consumer and digital businesses
- Gas utilities and niche financial companies
While tracking mutual fund buying trends can provide insights into institutional preferences, investors should combine such data with company fundamentals, valuations, and long-term growth prospects before making investment decisions.
Source: Portfolio disclosures of actively managed mutual funds for April–May 2026. Passive funds excluded. Values are based on month-end stock prices.