Adani's Success: Mutual Funds Investing In The Giant

Adani Group companies have soared in the past few years, but their stocks are underweight in actively managed mutual funds compared to indices. Fund managers tend to avoid highly leveraged companies and prefer firms that are widely tracked and have a transparent structure. The top three mutual fund schemes in terms of allocation to Adani Green Energy are ICICI Prudential Select Midcap ETF, Nippon India ETF Junior BeES, and ICICI Prudential Nifty Next 50 Index Fund, with allocations of 5.36%, 3.19%, and 3.19% of their scheme assets, respectively. For Adani Enterprises, the top three schemes are Aditya Birla Sun Life Equity Savings Fund, ITI Arbitrage Fund, and UTI Nifty 200 Momentum 30 Index Fund, with weights of 9.62%, 8.43%, and 6.74%, respectively.

Mutual funds that invest in Adani Enterprises Ltd

Adani Enterprises Limited (AEL) is a large-scale Indian company that focuses on energy and infrastructure projects. It is a part of the Adani portfolio of companies, recognised as the country's largest listed business incubator.

Adani Group companies have soared in value in recent years, but their stocks are underweight in actively managed mutual funds compared with indices. Fund managers tend to avoid highly leveraged companies, instead investing in firms with transparent structures.

However, there are still a number of mutual funds that invest in Adani Enterprises Ltd. Here is a list of some of the top mutual funds that have holdings in the company, as of August 2024:

• Aditya Birla Sun Life Equity Savings Fund
• ITI Arbitrage Fund
• UTI Nifty 200 Momentum 30 Index Fund
• ICICI Prudential Select Midcap ETF
• Nippon India ETF Junior BeES
• ICICI Prudential Nifty Next 50 Index Fund
• LIC MF Nifty 100 ETF
• JM Arbitrage Fund (Direct and Non-Direct)
• ABSL Arbitrage Fund (Direct and Non-Direct)
• ABSL Balanced Advantage Fund (Direct and Non-Direct)
• ABSL Equity Savings Fund (Direct and Non-Direct)
• ABSL Nifty 50 Index Fund (Direct and Non-Direct)
• Axis Arbitrage Fund (Direct and Non-Direct)
• Axis Balance Advantage (Direct and Non-Direct)
• DSP Arbitrage Fund (Direct and Non-Direct)
• DSP Dynamic Asset Allocation (Direct and Non-Direct)
• DSP Equal Nifty 50 Fund (Direct and Non-Direct)
• DSP Equity Savings Fund (Direct and Non-Direct)
• DSP Nifty 50 Equal Weight ETF (Direct and Non-Direct)
• DSP Nifty 50 ETF (Direct and Non-Direct)
• ICICI Pru Eqty-Arbitrage (Direct and Non-Direct)
• ICICI Pru Equity Savings Fund (Direct and Non-Direct)
• ICICI Prudential Nifty 100 ETF
• ICICI Prudential Nifty 200 Momentum 30 (I and E)
• ICICI Prudential Nifty 50 Equal Weight In
• Kotak Balanced Advantage (Direct and Non-Direct)
• Kotak Equity Arbitrage (Direct and Non-Direct)
• Kotak Equity Savings Fund (Direct and Non-Direct)
• Nippon Arbitrage Fund (Direct and Non-Direct)
• Nippon ETF Nifty 100
• Nippon ETF Nifty BeES
• Nippon ETF Shariah BeES
• Nippon Hybrid Bond Fund (Direct and Non-Direct)
• Nippon Index - Nifty (Direct and Non-Direct)
• SBI Arbitrage Oppor. (Direct and Non-Direct)
• SBI Arbitrage Oppor. Fund (Direct and Non-Direct)
• SBI Equity Savings Fund (Direct and Non-Direct)
• SBI Nifty Index Fund (Direct and Non-Direct)

Mutual funds that invest in Adani Green Energy Ltd

Adani Green Energy Limited is one of the largest renewable energy businesses in India, with a current project portfolio of 20434 MW. The company's share price has been on an upward trajectory, with a 52-week high of Rs 2,173.65 and a low of Rs 816.00. The company's market capitalization is Rs 2,98,479 crore.

There are several mutual funds that invest in Adani Green Energy Ltd, and these funds offer a range of investment options for those looking to gain exposure to the company and the renewable energy sector in India. Here is a detailed list of the mutual funds that invest in Adani Green Energy Ltd:

• ICICI Pru Nifty Next 50 Index Fund (Direct and Growth)
• Nippon India ETF Nifty Next 50 Junior BeES
• UTI-Nifty Next 50 Index Fund (Regular and Direct)
• SBI Nifty Next 50 ETF
• HDFC NIFTY Next 50 Index Fund (Direct and Growth)
• SBI Nifty Next 50 Index Fund (Direct and Regular)
• LIC MF Nifty Next 50 Index Growth
• LIC MF Nifty 100 ETF
• Aditya Birla Sun Life Nifty Next 50 Index Fund (Regular Growth)
• Quant Small Cap Fund Growth
• Quant Focused Fund Growth
• Quant Flexi Cap Fund Growth
• UTI Nifty Next 50 ETF
• UTI Nifty Next 50 Index Fund (Regular Growth)
• HSBC Nifty Next 50 Index Fund (Regular Growth)
• Bandhan Nifty 100 Index Fund (Regular Growth)
• Motilal Oswal Nifty Next 50 Index Fund (Regular Growth)
• Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct Growth)
• Zerodha Nifty LargeMidcap 250 Index Fund (Direct Growth)
• DSP Nifty Next 50 Index Fund (Regular Growth)
• ICICI Prudential BSE 500 ETF
• ICICI Prudential Nifty Next 50 ETF
• Axis Nifty 100 Index Fund (Regular Growth)
• ICICI Prudential Nifty 100 ETF
• Mirae Asset Nifty Next 50 ETF
• Mirae Asset ESG Sector Leaders ETF
• Kotak Nifty Next 50 Index Fund (Regular Growth)
• Navi Nifty Next 50 Index Fund (Regular Growth)
• Kotak Nifty Alpha 50 ETF
• HDFC Nifty 100 Equal Weight Index Fund (Regular Growth)
• HDFC Nifty 100 Index Fund (Regular Growth)
• HDFC Nifty Next 50 ETF
• Edelweiss Nifty Next 50 Index Fund (Regular Growth)
• ICICI Prudential Nifty Commodities ETF
• HDFC BSE 500 Index Fund (Regular Growth)
• ICICI Prudential Nifty LargeMidcap 250 Index Fund (Regular Growth)
• Zerodha Nifty 100 ETF
• Sundaram Nifty 100 Equal Wgt Gr
• Edelweiss Nifty Large Mid Cap 250 Index Fund (Regular Growth)
• Groww Nifty Total Market Index Fund (Regular Growth)
• Aditya Birla Sun Life Nifty Next 50 ETF
• Motilal Oswal Nifty 500 Fund (Regular Growth)
• Axis Nifty Next 50 Index Fund (Regular Growth)
• Motilal Oswal Nifty 500 ETF
• Bandhan Nifty Alpha 50 Index Fund (Regular Growth)
• Bandhan Nifty Total Market Index Fund (Regular Growth)
• Axis Nifty 500 Index Fund (Regular Growth)
• Navi Nifty 500 Multicap 50 25 25 Index Fund (Regular Growth)
• Mirae Asset Nifty500 Multicap 50:25:25 ETF

These mutual funds offer a range of investment strategies, from index funds that track the performance of a specific index to sector-specific funds that focus on the renewable energy industry. Investors can choose the funds that align with their investment goals and risk tolerance. It is always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.

Mutual funds that invest in Adani Total Gas

Adani Total Gas Limited is an Indian city gas distribution company that engages in the sale and distribution of natural gas. It is present in 33 geographical areas across India, including Gujarat, Haryana, Karnataka, Tamil Nadu, Odisha, and Rajasthan. The company is also involved in the development of city gas distribution networks to supply piped natural gas to industrial, commercial, and domestic customers, as well as compressed natural gas to the transport sector.

Some of the mutual funds that invest in Adani Total Gas include:

• UTI Nifty Next 50 Index Fund Direct Growth
• ICICI Prudential Nifty Next 50 Index Direct Growth
• SBI Nifty Next 50 Index Fund Direct Growth
• DSP Nifty Next 50 Index Fund Direct Growth

In addition to Adani Total Gas, there are several other Adani Group companies that are also among the stocks bought by mutual fund houses. These include Adani Power, Adani Wilmar, Adani Green Energy, and Adani Enterprises.

Mutual funds that invest in Adani Ports and Special Economic Zone Ltd

Adani Ports and Special Economic Zone Ltd is one of the Adani Group companies that several mutual funds invest in. According to data from December 2022, SBI Mutual Fund had the highest exposure in the company, with investments of around Rs 1,816.40 crore. Here is a list of SBI Mutual Fund schemes that had holdings in Adani Ports and Special Economic Zone Ltd:

• SBI Arbitrage Opportunities Fund
• SBI Balanced Advantage Fund
• SBI Equity Savings Fund
• SBI Nifty Index Fund
• SBI Infrastructure Fund
• SBI Equity Minimum Variance Fund

Other mutual funds that had notable investments in Adani Ports and Special Economic Zone Ltd include:

• UTI Mutual Fund, with an exposure of around Rs 727.37 crore
• Kotak Mutual Fund, with an investment of around Rs 1,080 crore
• Nippon India Mutual Fund, with a holding of Rs 689.21 crore
• ICICI Prudential Mutual Fund, with an investment of around Rs 692.68 crore

Mutual funds that invest in Adani Transmission Ltd

Adani Transmission Ltd is part of the Adani Group of companies, which includes Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas, Adani Wilmar, Ambuja Cement, and ACC Ltd.

Several mutual funds have investments in Adani Transmission Ltd, and here are some of them:

Nippon India Mutual Fund

According to data from December 2022, Nippon India Mutual Fund had the highest holding in Adani Transmission Ltd, with investments of around Rs. 86.67 crore. Nippon India's schemes that had investments in Adani Transmission Ltd include:

• Nippon India ETF Nifty Next 50 Junior BeES
• Nippon India ETF Nifty India Consumption
• Nippon India ETF Nifty 100

UTI Mutual Fund

UTI Mutual Fund had the second-highest holding in Adani Transmission Ltd, with investments of around Rs. 83.18 crore.

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund was third on the list, with holdings of Rs. 80.16 crore in Adani Transmission Ltd.

Other Mutual Funds

Other mutual funds that have exposure to Adani Transmission Ltd, although to a lesser extent compared to the top three, include:

• Kotak Mutual Fund
• Tata Mutual Fund
• SBI Mutual Fund
• HDFC Mutual Fund

These mutual funds have varying levels of investment in Adani Transmission Ltd, and the specific fund schemes that have exposure may change over time. It is always advisable to refer to the latest data and disclosures by the mutual fund companies for the most accurate and up-to-date information.

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