Top Large cap, Mid cap & Small Cap Stocks most Mutual Funds bought in August 2026
Mutual funds stepped up buying across large-, mid- and small-cap stocks in August 2026, with fresh allocations spanning financials, healthcare, industrials, consumer businesses and new-age companies.
Large caps: LIC leads the buying
Among large-cap stocks, LIC saw the biggest mutual fund purchase in August, with shares worth ₹24,035 crore bought during the month. The current mutual fund holding in LIC stood at ₹28,208 crore.
Other prominent large-cap purchases included:
| Stock | Shares bought in August | Current holding |
|---|---|---|
| LIC | ₹24,035 cr | ₹28,208 cr |
| HDFC Bank | ₹4,083 cr | ₹1,90,985 cr |
| Bharti Airtel | ₹2,600 cr | ₹94,810 cr |
| Manipal Health Enterprises | ₹2,584 cr | ₹4,719 cr |
| Coal India | ₹2,374 cr | ₹19,829 cr |
| Avenue Supermarts | ₹2,109 cr | ₹17,142 cr |
| Axis Bank | ₹1,686 cr | ₹1,02,917 cr |
| Billionbrains Garage Ventures | ₹1,413 cr | ₹11,593 cr |
| Ultratech Cement | ₹1,290 cr | ₹24,623 cr |
| Cummins India | ₹1,254 cr | ₹17,170 cr |
HDFC Bank, Axis Bank and Bharti Airtel continued to feature prominently in mutual fund portfolios, while the August purchases also included companies such as Manipal Health Enterprises and Billionbrains Garage Ventures.
Mid caps: Dhoot Transmission sees a major allocation
In the mid-cap segment, Dhoot Transmission topped the list, with mutual funds buying shares worth ₹3,286 crore in August. The reported current holding was also ₹3,286 crore.
Aster DM Quality Care and One 97 Communications followed, with purchases of ₹2,824 crore and ₹2,637 crore respectively.
| Stock | Shares bought in August | Current holding |
|---|---|---|
| Dhoot Transmission | ₹3,286 cr | ₹3,286 cr |
| Aster DM Quality Care | ₹2,824 cr | ₹12,880 cr |
| One 97 Communications | ₹2,637 cr | ₹22,048 cr |
| Lenskart Solutions | ₹1,734 cr | ₹16,864 cr |
| Meesho | ₹1,701 cr | ₹10,194 cr |
| Piramal Finance | ₹1,630 cr | ₹8,564 cr |
| Dr. Reddy’s Laboratories | ₹1,342 cr | ₹10,371 cr |
| GE Vernova T&D India | ₹1,341 cr | ₹16,598 cr |
| MCX | ₹1,266 cr | ₹25,670 cr |
| ICICI Lombard General Insurance | ₹1,140 cr | ₹13,558 cr |
The list spans healthcare, financial services, technology, consumer internet and industrial businesses, highlighting the range of sectors attracting mutual fund allocations.
Small-Cap Stocks: Financials and Gas Utilities Lead
Small caps: TD Power Systems leads
Mutual fund buying was also visible in the small-cap segment. TD Power Systems topped the list with purchases worth ₹3,214 crore, followed by Tenneco Clean Air India at ₹2,010 crore and Rubicon Research at ₹1,973 crore.
| Stock | Shares bought in August | Current holding |
|---|---|---|
| TD Power Systems | ₹3,214 cr | ₹6,030 cr |
| Tenneco Clean Air India | ₹2,010 cr | ₹3,444 cr |
| Rubicon Research | ₹1,973 cr | ₹4,105 cr |
| Dr. Agarwal’s Health Care | ₹1,282 cr | ₹2,239 cr |
| KFin Technologies | ₹1,269 cr | ₹4,329 cr |
| Shiprocket | ₹1,144 cr | ₹1,144 cr |
| Kirloskar Pneumatic Company | ₹1,021 cr | ₹2,023 cr |
| Apollo Tyres | ₹962 cr | ₹5,963 cr |
| Indegene | ₹873 cr | ₹1,604 cr |
| SPR Auto Technologies | ₹809 cr | ₹1,862 cr |
The purchases show that mutual fund portfolios were not limited to established large caps in August, with fund allocations also reaching smaller companies across engineering, auto components, healthcare, financial technology and industrial sectors.
Bottom line
August’s mutual fund buying extended across the market-cap spectrum. LIC, Dhoot Transmission and TD Power Systems topped their respective segments by the value of shares purchased, while a wider set of financial, healthcare, industrial and consumer companies also attracted significant allocations.ld combine such data with company fundamentals, valuations, and long-term growth prospects before making investment decisions.
Source: Value Research. Data based on portfolio disclosures of July 2026 and August 2026. Passive funds excluded. “Worth of shares bought” is based on month-end stock prices.