List of Companies With High MF Ownership Swells

Funds owned over 20% in 18 midcap firms in March, doubling in three years

- ABHISHEK KUMAR

Mutual funds (MFs) have significantly increased their ownership across market segments, but the midcap space stands out with higher growth. Data reveals that the number of midcap companies with over a fifth of MF ownership has doubled from nine in March 2022 to 18 by March 2025. In contrast, large-cap stocks saw only a marginal rise, from three to four such companies during the same period.

The growing ownership in select companies in the midcap space comes amid over two years of strong MF inflows into this space despite valuations surging above the long-term averages. As of March 2025, the 12-month trailing price-to-earnings (P/E) ratio of Nifty Midcap 100 stood at almost 37x compared to Nifty's 21.9x.