Stocks
Suzlon Energy, Patanjali Foods, National Aluminium Company (Nalco), Steel Authority of India (SAIL), and Indian Renewable Energy Development Agency (IREDA) emerged as some of the favourite midcap picks of mutual funds in April. These midcap stocks witnessed the highest buying by mutual fund schemes during the month.
While these were the superstar stocks in the midcap segments, Adani Enterprise, Max Healthcare, HDFC Life, and Sun Pharma emerged as the top choices by mutual funds in the Nifty 500 segment.
“Sectorally, mutual funds increased exposure towards Capital Goods, NBFC- Lending, Utilities, Retail, NBFC – Non Lending, Chemicals, Real Estate, Logistics, and EMS during April 2026. In contrast, allocation towards Technology, Private Banks, Healthcare, Oil & Gas, Automobiles, Telecom, Insurance, and Cement moderated on a month-on-month basis,” as per Motilal Oswal Financial Services’ Fund Folio report.
Suzlon, Patanjali, NALCO, SAIL, Or Cochin: Which MidCap Saw Biggest MF Inflows In April?
With 27.8% jump in holdings, Patanjali Foods, saw the highest month-on-month net buying in April by Mutual Fund houses, as per Motilal Oswal report. Other than the FMCG stock, 360 One WAM, NALCO, SAIL, and IREDA remained in the list of top 5 midcap stocks that saw heavy buying. Suzlon Energy saw a 6% jump in MF holdings in April, compared to March 2026.
Which Nifty 50 Stock Stole The Show In MF Buying?
Among stocks, the maximum increase in value month-on-month was seen in ICICI Bank, SBI, Larsen & Toubro, HDFC Bank, Reliance Industries, Axis Bank, Kotak Mahindra Bank, Bharti Airtel, Bajaj Finance, and Eternal. Among these stocks, Adani Enterprises emerged as the top pick among mutual fund houses, witnessing a sharp 17.9% increase in MF holdings.
Capital Goods, Utilities Top Themes For MFs
Mutual fund data for April 2026 showed a tilt towards Capital Goods and Utilities, where allocations rose to multi-month highs, while NBFC – Non Lending exposure reached a record share within diversified equity portfolios.
The report stated that, compared with the BSE-200 index, mutual funds held at least 1% less in Oil & Gas, Consumer, Utilities, Private Banks and PSU Banks, but at least 1% more in NBFC – Non Lending, Healthcare, Consumer Durables, Capital Goods and Chemicals.
Mutual Fund Ownership and Sector Allocation Trends
These changes suggested that fund managers favoured growth themes such as Capital Goods and Healthcare while trimming exposure to Oil & Gas and some banking names, even as Utilities remained a sector where allocations and relative ownership moved in different directions.