5 Stocks Recently Bought by Mutual Funds in India: RVNL, Poonawalla Fincorp, Tube Investments, Page Industries, SRF

Stocks bought by mutual funds attract significant investor interest because Indian mutual funds , managing over Rs 65 lakh crore in assets under management , employ professional research teams to analyse companies before deploying capital. When mutual funds substantially increase their holding in a stock quarter-on-quarter, it reflects a collective institutional conviction that current prices offer attractive risk-reward for the medium to long term. Ankit Jaiswal, Senior Research Analyst at Univest analyses five stocks recently bought by mutual funds using live shareholding data.

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Stocks Bought by Mutual Funds: 5 Stocks With Highest MF QoQ Increase 

Company	Symbol	MF QoQ Change	LTP	Market Cap (Cr)	Sector
Poonawalla Fincorp	POONAWALLA	+51.35% QoQ	Rs 440.30	Rs 37,664	NBFC/Finance
Rail Vikas Nigam	RVNL	+38.46% QoQ	Rs 240.85	Rs 50,186	Railways/Infra
Tube Investments of India	TIINDIA	+14.95% QoQ	Rs 3,054.00	Rs 59,061	Engineering/EV
Page Industries	PAGEIND	+7.78% QoQ	Rs 40,950.00	Rs 45,580	FMCG/Innerwear
SRF Ltd	SRF	+5.66% QoQ	Rs 2,732.90	Rs 80,980	Specialty Chemicals

1. Poonawalla Fincorp , Highest MF QoQ Increase (+51.35%)

Poonawalla Fincorp (NSE: POONAWALLA, LTP: Rs 440.30) leads the stocks bought by mutual funds list with a +51.35% quarter-on-quarter jump in MF holdings. The Cyrus Poonawalla Group-backed NBFC has been transforming its business toward clean, collateral-free, and digital lending across personal loans, business loans, and consumer finance. The key catalyst for MF buying: Poonawalla Fincorp’s clean balance sheet, majority ownership by the Serum Institute-affiliated Poonawalla Group (providing an implicit quality signal), and management’s articulated strategy of becoming a top-5 NBFC within 3-5 years. Indian mutual funds typically buy stocks bought by mutual funds institutions in the NBFC space when credit quality is improving , Poonawalla’s declining gross NPA ratio supports this thesis.

2. Rail Vikas Nigam (RVNL) , Infrastructure PSU in MF Portfolios

Rail Vikas Nigam (NSE: RVNL, LTP: Rs 240.85) has seen mutual fund holdings rise +38.46% QoQ, reflecting growing institutional conviction in India’s railway infrastructure spend. RVNL is the dedicated project implementation arm of Indian Railways, executing electrification, doubling, gauge conversion, and new line projects. The Indian Railways capex has been running at approximately Rs 2.5 lakh crore annually , a multi-decade high , and RVNL handles a significant portion of this work. Stocks bought by mutual funds often include RVNL in “infrastructure cycle” thematic portfolios. RVNL’s order book provides multi-year revenue visibility, making it attractive for institutional investors seeking predictable earnings growth.

3. Tube Investments of India , EV and Engineering Play

Tube Investments of India (NSE: TIINDIA, LTP: Rs 3,054) has seen MF holdings rise +14.95% QoQ, making it a stocks bought by mutual funds candidate in the engineering and EV space. Tube Investments manufactures precision tubes (used in cycles, automobiles, hydraulics), door frames, cold-rolled steel strips, and through its subsidiary CG Power has a leading position in electric motors and power distribution transformers. The company also has investments in EV companies through its stake in TI Clean Mobility. The high-quality Murugappa Group backing, diversified engineering portfolio, and EV exposure make Tube Investments an institutional favourite among stocks bought by mutual funds.

4. Page Industries , MF Holdings Up +7.78% QoQ

Page Industries (NSE: PAGEIND, LTP: Rs 40,950) , the exclusive licensee of the Jockey brand in India , has attracted +7.78% QoQ MF buying despite being already a well-held institutional stock. Mutual funds see Page Industries as a premium consumer brand with strong cash flows, high ROE (approximately 55-60%), and consistent earnings growth driven by premiumisation of innerwear and athleisure. At Rs 40,950, Page Industries is one of India’s most expensive stocks by price and trades at approximately 70-80x PE , reflecting its brand monopoly premium. Stocks bought by mutual funds in the quality FMCG/consumer discretionary space often feature Page Industries in top holdings given its brand pricing power and distribution depth.

5. SRF Ltd , Specialty Chemicals Leader

SRF Ltd (NSE: SRF, LTP: Rs 2,732.90) has seen mutual fund holdings rise +5.66% QoQ. SRF is a diversified specialty chemicals company with businesses in fluorochemicals, technical textiles (used in tyre cord fabric, belting fabric), and packaging films. Mutual funds have been accumulating SRF in the specialty chemicals space, viewing it as a beneficiary of: China+1 supply chain diversification (global companies seeking non-China fluorochemicals supply), domestic agrochemical molecule exports, and India’s expanding refrigerant market. SRF’s strong management, diversified revenue streams, and capital allocation track record make it a core holding in many actively managed large and mid-cap mutual fund portfolios.

Track Stocks Bought by Mutual Funds Live on Univest Screener

Monitoring stocks bought by mutual funds is one of the most accessible forms of institutional tracking available to retail investors. The monthly AMFI disclosures reveal which stocks bought by mutual funds have seen the highest inflows, providing a transparent window into professional fund management decisions. Stocks bought by mutual funds repeatedly across quarters demonstrate durable institutional conviction.

Why Do Mutual Funds Buy Certain Stocks?

Mutual funds , including large-cap, mid-cap, flexi-cap, and sectoral funds , buy stocks based on fundamental analysis, sector allocation mandates, and portfolio construction objectives. Stocks bought by mutual funds typically share these characteristics: consistent revenue and earnings growth visibility; strong management with clear capital allocation policies; reasonable valuations relative to growth (PEG); governance quality and low pledging; and sector tailwinds that align with fund mandates. The five stocks in this article , across NBFC, railways, engineering, FMCG, and specialty chemicals , each meet these institutional selection criteria.

Beyond the five stocks bought by mutual funds covered here, investors can track the AMFI monthly disclosures and BSE/NSE shareholding patterns to identify additional stocks bought by mutual funds across categories. The pattern of stocks bought by mutual funds that appear consistently across multiple fund houses is particularly significant — it suggests cross-fund research convergence on a single investment thesis. Use the Univest Screener to filter stocks bought by mutual funds with rising institutional holding across consecutive quarters.

Conclusion: Stocks Bought by Mutual Funds

These five stocks bought by mutual funds , Poonawalla Fincorp (+51.35%), RVNL (+38.46%), Tube Investments (+14.95%), Page Industries (+7.78%), and SRF (+5.66%) , represent diverse quality businesses where Indian mutual funds are building conviction.  Track stocks bought by mutual funds live on Univest. Consult a SEBI-registered financial advisor before investing.

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Frequently Asked Questions

How to find stocks bought by mutual funds?

Ans. Stocks bought by mutual funds can be identified through: (1) Quarterly shareholding pattern disclosures on NSE/BSE; (2) AMFI monthly MF portfolio disclosures; (3) Data aggregators like Groww, Trendlyne, and Screener.in that compute MF holding changes QoQ; (4) Univest Screener which tracks MF shareholding changes in real time. The five stocks in this article are identified using data filtered for the highest MF QoQ buying in the latest available quarter.

Why did mutual funds buy Poonawalla Fincorp?

Ans. Mutual funds bought Poonawalla Fincorp (+51.35% MF QoQ increase, LTP Rs 440.30) because: (1) the Cyrus Poonawalla Group (Serum Institute) backing provides institutional quality assurance; (2) the NBFC is building a clean, collateral-free digital lending book; (3) management has articulated a clear roadmap to become a top-5 NBFC; (4) declining gross NPA ratio signals improving credit quality; and (5) the stock had corrected significantly from highs, providing an attractive entry valuation for institutional investors.

Is RVNL a good long-term stock?

Ans. Rail Vikas Nigam (NSE: RVNL, LTP: Rs 240.85) is the project execution arm of Indian Railways with a multi-year order book from India’s Rs 2.5 lakh crore annual railway capex programme. It is a fundamentally backed PSU infrastructure company with revenue visibility from government contracts. Mutual funds have been increasing holdings (+38.46% QoQ), validating the institutional view. Key risks: PSU execution delays, budget allocation changes, and interest rate sensitivity on long-duration project financing. Consult a SEBI-registered financial advisor.

What does Tube Investments of India do?

Ans. Tube Investments of India (NSE: TIINDIA) is the Murugappa Group’s engineering conglomerate with businesses in: (1) precision steel tubes (used in automobiles, hydraulics, cycles); (2) door frames and cold-rolled steel strips; (3) CG Power and Industrial Solutions (electric motors, transformers, switchgear , EV-aligned); and (4) TI Clean Mobility (EV products). It is a diversified engineering company with exposure to India’s manufacturing upgrade cycle, EV transition, and power infrastructure buildout.

Why is Page Industries so expensive?

Ans. Page Industries (NSE: PAGEIND, LTP: Rs 40,950) is expensive at ~70-80x PE because: (1) it holds the exclusive Jockey license in India, South Asia, and Middle East , a brand monopoly; (2) ROE consistently exceeds 55%; (3) earnings growth is predictable and consistent over decades; (4) the premium innerwear and athleisure segment is growing at 15%+ annually; (5) zero debt and strong free cash flow. ‘Expensive’ quality businesses often remain expensive , the key question is whether earnings growth justifies the PE multiple.

What is SRF’s specialty chemicals business?

Ans. SRF Ltd’s specialty chemicals division focuses on fluorochemicals (refrigerants, fluoropolymers, specialty chemicals for pharma and agrochemicals) , one of India’s largest fluorochemical producers. SRF also makes agrochemical intermediates and APIs. The China+1 strategy of global companies has accelerated Indian specialty chemical demand. SRF’s integrated capabilities in fluorination chemistry, investment in R&D, and long-term customer contracts make it a high-quality specialty chemicals company in mutual fund portfolios.

What are AMC/mutual fund mandatory holding disclosures in India?

Ans. SEBI requires all registered mutual funds to disclose their complete portfolio holdings at the end of each month on their respective websites and through AMFI. These disclosures include stock names, quantities held, and values. This transparency allows investors and analysts to track which stocks mutual funds are buying and selling month-to-month. Quarterly shareholding patterns on NSE/BSE also show total MF holding in each company across all funds combined.

Do mutual fund stock picks always outperform the market?

Ans. No, mutual fund stock picks do not always outperform the market. Research shows that consistently beating a benchmark index like the Nifty 50 is challenging for actively managed funds over long periods. Individual stocks bought by mutual funds can still underperform due to: sector cyclicality, company-specific negative events, valuation overextension at purchase, or broad market corrections. Stocks bought by mutual funds are institutional signals, not guaranteed outperformers. Always evaluate fundamentals independently before investing.