Which mutual funds hold Thermax Limited?

112 mutual funds hold Thermax Limited as of May 2026. The highest weight is 5.5% held by SBI Energy Opportunities Fund - Direct Plan - Growth. Data from official AMFI monthly portfolio disclosures.

What sector is Thermax Limited in?

Thermax Limited is in the Electrical Equipment sector and is categorised as by SEBI.

What is the SEBI market cap category of Thermax Limited?

As per SEBI and AMFI classification (Jul-Dec 2025), Thermax Limited is a Mid Cap stock ranked #234 with an average market cap of ₹38.59 K Cr.

Electrical Equipment

Thermax Limited

ISIN: INE152A01029 · Data as of May 2026

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Active Funds Holding

112

vs Last Month

+9 funds

Total Value

₹7,923.43 Cr

Avg Weight

0.93%

New Entries

Exits

Top Holder

SBI Energy Opportunities Fund - Direct Plan - Growth 5.5%

ℹ️ Index funds and ETFs are excluded. Only actively managed funds reflect genuine fund manager decisions.

Mid Cap Rank #234

₹25.80 K Cr

Avg Mkt Cap · Jul-Dec 2022 (3yr ago)

→

₹38.59 K Cr

Avg Mkt Cap · Jul-Dec 2025 (latest)

+49.6%

3yr change

SEBI · AMFI Market Cap List

📋 What Changed This Month Thermax Limited is currently held by 112 active mutual funds with total exposure of ₹7,923.43 Cr. This month 13 funds entered and 15 funds exited. SBI Energy Opportunities Fund - Direct Plan - Growth has the highest allocation at 5.5%. ↓ Scroll down for full fund list and monthly changes.

Trend

How Has Fund Coverage Changed — Last 4 Months?

Month	Funds	AMCs	Status
May 2026 REFERENCE	112	49 / 49	✅ Complete
Apr 2026	103	49 / 49	✅ Complete
Mar 2026	89	48 / 49	⏳ Partial — 48 of 49 AMCs uploaded
Feb 2026	79	46 / 49	⏳ Partial — 46 of 49 AMCs uploaded

📌 Portfolio changes below are based on May 2026 data — the most complete month with 49 AMCs we cover uploaded.

This Month

What Changed in the Portfolio — May 2026?

▲ New Entries (13)

Motilal Oswal Infrastructure Fund-Direct-Growth 3.15%

Motilal Oswal Manufacturing Fund - Direct Plan- Growth 2.64%

Bajaj Finserv Flexi Cap Fund-Direct Plan-Growth 2.41%

Bajaj Finserv Large and Mid Cap Fund- Direct Plan- Growth 2.12%

LIC MF Balanced Advantage Fund-Direct Plan-Growth 2.03%

ITI Small Cap Fund - Direct Plan - Growth Option 0.77%

HSBC Multi Cap Fund - Direct - Growth 0.52%

Edelweiss Mid Cap Fund - Direct Plan - Growth Option 0.51%

▼ Exits (15)

Mahindra Manulife Value Fund - Direct Plan - Growth 1.63%

ICICI Prudential Infrastructure Fund - Direct Plan - Growth 1.4%

BARODA BNP PARIBAS Mid Cap Fund - Direct Plan - Growth Option 0.85%

Aditya Birla Sun Life Multi-Cap Fund-Direct Growth 0.69%

Franklin India Mid Cap Fund - Direct - Growth 0.67%

Franklin India Large & Mid Cap Fund - Direct - Growth 0.47%

Tata Nifty India Digital Exchange Traded Fund 0.44%

Bandhan Nifty Midcap 150 Index Fund-Direct Plan-Growth 0.44%

↑ Increased (89)

SBI Energy Opportunities Fund - Direct Plan - Growth +0.32%

SBI Innovative Opportunities Fund - Direct Plan - Growth +0.52%

Tata Multicap Fund - Direct Plan - Growth +0.29%

SBI Large Cap FUND-DIRECT PLAN -GROWTH +0.49%

Tata India Innovation Fund- Direct Growth +0.44%

SBI FOCUSED FUND - DIRECT PLAN -GROWTH +0.42%

SBI ESG Exclusionary Strategy Fund - Direct Plan -Growth +0.42%

LIC MF Large & Mid Cap Fund-Direct Plan-Growth +1.1%

↓ Decreased (10)

Aditya Birla Sun Life Infrastructure Fund - Growth - Direct Plan -1.29%

Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan -0.02%

LIC MF Value Fund-Direct Plan-Growth -0.38%

Tata Large & MId Cap Fund -Direct Plan- Growth Option -0.6%

SBI MIDCAP FUND - DIRECT PLAN - GROWTH -0.3%

Tata Mid Cap Fund - Direct Plan- Growth Option -0.17%

Kotak Energy Opportunities Fund-Direct-Growth -0.59%

Tata Digital India Fund-Direct Plan-Growth -0.8%

By Category

Which Fund Categories Hold This Stock?

Category	Funds	Avg Weight
Index/ETF	57	0.37%
Equity	22	1.58%
Mid Cap	15	1.42%
Multi Cap	3	1.34%
Flexi Cap	3	1.81%
Multi Asset	3	1.17%
Small Cap	2	0.94%
ELSS	2	0.95%
Large Cap	1	2.7%
Focused	1	2.46%
Balanced Advantage	1	2.03%
Value/Contra	1	1.5%
Aggressive Hybrid	1	1.44%

All Holdings

Which 112 Active Funds Hold Thermax Limited?

Filter:

Fund ↕	Category ↕	Weight ↕	Value ↕	Change ↕
SBI Energy Opportunities Fund - Direct Plan - Growth SBI Mutual Fund	Equity	5.5%	₹490.04 Cr	+0.32%
SBI Innovative Opportunities Fund - Direct Plan - Growth SBI Mutual Fund	Equity	4.04%	₹199.31 Cr	+0.52%
Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund	Mid Cap	3.23%	₹206.72 Cr	-0.02%
Motilal Oswal Infrastructure Fund-Direct-Growth Motilal Oswal Mutual Fund	Equity	3.15%	₹4.34 Cr	NEW
Tata Multicap Fund - Direct Plan - Growth Tata Mutual Fund	Multi Cap	2.72%	₹90.37 Cr	+0.29%
SBI Large Cap FUND-DIRECT PLAN -GROWTH SBI Mutual Fund	Large Cap	2.7%	₹1,444.98 Cr	+0.49%
Motilal Oswal Manufacturing Fund - Direct Plan- Growth Motilal Oswal Mutual Fund	Equity	2.64%	₹18.32 Cr	NEW
Tata India Innovation Fund- Direct Growth Tata Mutual Fund	Equity	2.61%	₹36.14 Cr	+0.44%
SBI FOCUSED FUND - DIRECT PLAN -GROWTH SBI Mutual Fund	Focused	2.46%	₹1,146.02 Cr	+0.42%
Bajaj Finserv Flexi Cap Fund-Direct Plan-Growth Bajaj Finserv Mutual Fund	Flexi Cap	2.41%	₹173.42 Cr	NEW
SBI ESG Exclusionary Strategy Fund - Direct Plan -Growth SBI Mutual Fund	Equity	2.28%	₹119.80 Cr	+0.42%
LIC MF Large & Mid Cap Fund-Direct Plan-Growth Lic Mutual Fund	Mid Cap	2.28%	₹67.90 Cr	+1.1%
Canara Robeco Mid Cap Fund- Direct Plan- Growth Option Canara Robeco Mutual Fund	Mid Cap	2.15%	₹99.31 Cr	+0.32%
Bajaj Finserv Large and Mid Cap Fund- Direct Plan- Growth Bajaj Finserv Mutual Fund	Mid Cap	2.12%	₹49.38 Cr	NEW
LIC MF Balanced Advantage Fund-Direct Plan-Growth Lic Mutual Fund	Balanced Advantage	2.03%	₹13.70 Cr	NEW
Sundaram Infrastructure Advantage Fund Direct Plan - Growth Sundaram Mutual Fund	Equity	2%	₹19.93 Cr	+0.35%
Kotak Flexicap Fund - Growth - Direct Kotak Mutual Fund	Flexi Cap	1.98%	₹1,083.74 Cr	+0.36%
HSBC Midcap Fund - Direct Growth HSBC Mutual Fund	Mid Cap	1.9%	₹271.14 Cr	+1.16%
Aditya Birla Sun Life Multi Asset Allocation Fund-Direct Growth Aditya Birla Sun Life Mutual Fund	Multi Asset	1.89%	₹127.76 Cr	+0.29%
Groww BSE Power ETF Groww Mutual Fund	Index/ETF	1.81%	₹4.81 Cr	+0.29%
SBI Retirement Benefit Fund - Aggressive Plan - Direct Plan - Growth SBI Mutual Fund	Equity	1.76%	₹52.82 Cr	+0.33%
Aditya Birla Sun Life Infrastructure Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund	Equity	1.61%	₹19.13 Cr	-1.29%
Sundaram Mid Cap Fund Direct Plan - Growth Sundaram Mutual Fund	Mid Cap	1.61%	₹219.74 Cr	+0.42%
LIC MF Manufacturing Fund-Direct Plan-Growth Lic Mutual Fund	Equity	1.58%	₹12.11 Cr	+0.6%
LIC MF Value Fund-Direct Plan-Growth Lic Mutual Fund	Value/Contra	1.5%	₹3.27 Cr	-0.38%
SBI Retirement Benefit Fund - Aggressive Hybrid Plan - Direct Plan - Growth SBI Mutual Fund	Aggressive Hybrid	1.44%	₹22.67 Cr	+0.27%
Aditya Birla Sun Life Manufacturing Equity Fund - Direct Plan - Growth Aditya Birla Sun Life Mutual Fund	Equity	1.35%	₹16.20 Cr	+0.2%
Tata Large & MId Cap Fund -Direct Plan- Growth Option Tata Mutual Fund	Mid Cap	1.28%	₹99.65 Cr	-0.6%
SBI MIDCAP FUND - DIRECT PLAN - GROWTH SBI Mutual Fund	Mid Cap	1.28%	₹298.96 Cr	-0.3%
Tata Mid Cap Fund - Direct Plan- Growth Option Tata Mutual Fund	Mid Cap	1.23%	₹70.62 Cr	-0.17%
HSBC Large & Mid Cap Fund - Direct Growth HSBC Mutual Fund	Mid Cap	1.2%	₹61.53 Cr	+0.4%
Bandhan Large & Mid Cap Fund - Direct Plan - Growth Bandhan Mutual Fund	Mid Cap	1.18%	₹205.73 Cr	+0.49%
Motilal Oswal Nifty Energy ETF Motilal Oswal Mutual Fund	Index/ETF	1.17%	₹92.28 L	+0.08%
Mirae Asset Nifty Energy ETF Mirae Asset Mutual Fund	Index/ETF	1.17%	₹3.77 Cr	+0.08%
Edelweiss Small Cap Fund - Direct Plan - Growth Edelweiss Mutual Fund	Small Cap	1.11%	₹68.07 Cr	+0.17%
ICICI PRUDENTIAL ENERGY OPPORTUNITIES FUND - Direct Plan - Growth ICICI Prudential Mutual Fund	Equity	1.05%	₹90.43 Cr	+0.08%
Sundaram ELSS Tax Saver Fund Direct Plan Growth Sundaram Mutual Fund	ELSS	1.03%	₹12.96 Cr	+0.32%
Sundaram Flexicap Fund Direct Growth Sundaram Mutual Fund	Flexi Cap	1.03%	₹20.13 Cr	+0.32%
SBI ELSS Tax Saver FUND - DIRECT PLAN -GROWTH SBI Mutual Fund	ELSS	0.87%	₹270.35 Cr	+0.08%
CANARA ROBECO INFRASTRUCTURE FUND - DIRECT PLAN - GROWTH OPTION Canara Robeco Mutual Fund	Equity	0.86%	₹8.50 Cr	+0.07%
HSBC Multi Asset Allocation Fund - Direct - Growth HSBC Mutual Fund	Multi Asset	0.84%	₹24.91 Cr	+0.12%
ICICI Prudential Multicap Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Multi Cap	0.79%	₹139.34 Cr	+0.12%
Tata Multi Asset Allocation Fund-Direct Plan-Growth Tata Mutual Fund	Multi Asset	0.79%	₹40.21 Cr	+0.04%
SBI Retirement Benefit Fund - Conservative Hybrid Plan - Direct Plan - Growth SBI Mutual Fund	Equity	0.77%	₹1.94 Cr	+0.15%
ITI Small Cap Fund - Direct Plan - Growth Option ITI Mutual Fund	Small Cap	0.77%	₹23.31 Cr	NEW
Kotak Energy Opportunities Fund-Direct-Growth Kotak Mutual Fund	Equity	0.74%	₹1.99 Cr	-0.59%
LIC MF Infrastructure Fund-Direct Plan-Growth Lic Mutual Fund	Equity	0.71%	₹7.85 Cr	+0.1%
Tata Digital India Fund-Direct Plan-Growth Tata Mutual Fund	Equity	0.65%	₹62.59 Cr	-0.8%
Mirae Asset BSE 200 Equal Weight ETF Mirae Asset Mutual Fund	Index/ETF	0.61%	₹11.79 L	+0.1%
Mirae Asset Nifty India Infrastructure & Logistics ETF Mirae Asset Mutual Fund	Index/ETF	0.59%	₹5.83 L	+0.09%
JM Midcap Fund (Direct) - Growth JM Financial Mutual Fund	Mid Cap	0.58%	₹7.10 Cr	+0.08%
HSBC Multi Cap Fund - Direct - Growth HSBC Mutual Fund	Multi Cap	0.52%	₹29.10 Cr	NEW
Edelweiss Mid Cap Fund - Direct Plan - Growth Option Edelweiss Mutual Fund	Mid Cap	0.51%	₹85.77 Cr	NEW
Kotak Large & Midcap Fund - Direct- Growth Kotak Mutual Fund	Mid Cap	0.5%	₹149.48 Cr	-0.01%
Motilal Oswal Nifty Midcap 150 Index Fund Motilal Oswal Mutual Fund	Index/ETF	0.48%	₹17.23 Cr	NEW
Aditya Birla Sun Life Nifty Midcap 150 Index Fund-Direct Growth Aditya Birla Sun Life Mutual Fund	Index/ETF	0.48%	₹2.21 Cr	+0.08%
ICICI Prudential Nifty Midcap 150 ETF ICICI Prudential Mutual Fund	Index/ETF	0.48%	₹3.50 Cr	+0.08%
ICICI Prudential Nifty Midcap 150 Index Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Index/ETF	0.48%	₹5.27 Cr	+0.03%
Tata Nifty Midcap 150 Index Fund - Direct Plan - Growth Option Tata Mutual Fund	Index/ETF	0.48%	₹1.39 Cr	+0.07%
SBI Nifty Midcap 150 Index Fund - Direct Plan - Growth SBI Mutual Fund	Index/ETF	0.48%	₹5.26 Cr	+0.08%
SBI Nifty Midcap 150 ETF SBI Mutual Fund	Index/ETF	0.48%	₹5.63 L	+0.08%
HDFC NIFTY MIDCAP 150 ETF HDFC Mutual Fund	Index/ETF	0.48%	₹69.41 L	+0.08%
HDFC NIFTY Midcap 150 Index Fund - Growth Option - Direct Plan HDFC Mutual Fund	Index/ETF	0.48%	₹2.96 Cr	+0.38%
DSP Nifty Midcap 150 Index Fund - Direct - Growth DSP Mutual Fund	Index/ETF	0.48%	₹6.93 L	+0.08%
DSP Nifty Midcap 150 ETF DSP Mutual Fund	Index/ETF	0.48%	₹2.59 L	+0.08%
JioBlackRock Nifty Midcap 150 Index Fund - Direct Plan - Growth Option JioBlackRock Mutual Fund	Index/ETF	0.48%	₹1.25 Cr	+0.08%
KOTAK NIFTY MIDCAP 150 INDEX FUND-DIRECT PLAN-GROWTH Kotak Mutual Fund	Index/ETF	0.48%	₹16.74 L	+0.07%
Kotak Nifty Midcap 150 ETF Kotak Mutual Fund	Index/ETF	0.48%	₹5.83 L	+0.08%
Mirae Asset Nifty Midcap 150 ETF Mirae Asset Mutual Fund	Index/ETF	0.48%	₹8.46 Cr	+0.08%
Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund	Index/ETF	0.48%	₹16.74 Cr	+0.08%
Navi Nifty midsmallcap 400 Index Fund- Direct - Growth Navi Mutual Fund	Index/ETF	0.48%	₹1.82 Cr	+0.21%
Zerodha Nifty Midcap 150 ETF Zerodha Mutual Fund	Index/ETF	0.48%	₹1.23 Cr	+0.08%
Groww Nifty Midcap 150 Index Fund Direct Growth Groww Mutual Fund	Index/ETF	0.48%	₹6.88 L	+0.08%
UTI Nifty Midcap 150 Exchange Traded Fund UTI Mutual Fund	Index/ETF	0.48%	₹6.58 L	+0.08%
UTI Nifty Midcap 150 Index Fund - Direct Plan - Growth Option UTI Mutual Fund	Index/ETF	0.48%	₹33.58 L	+0.11%
Nippon India Nifty Midcap 150 Index Fund - Direct Plan - Growth Option Nippon India Mutual Fund	Index/ETF	0.47%	₹11.76 Cr	+0.07%
Groww Nifty Midcap 150 ETF Groww Mutual Fund	Index/ETF	0.47%	₹2.79 L	+0.08%
Baroda BNP Paribas Nifty Midcap 150 Index Fund - Direct Plan - Growth Option Baroda BNP Paribas Mutual Fund	Index/ETF	0.44%	₹4.33 L	+0.03%
the Quantum Ethical Fund Quantum Mutual Fund	Equity	0.42%	₹45.29 L	-0.77%
Edelweiss Flexi Cap Fund - Direct Plan - Growth Option Edelweiss Mutual Fund	Equity	0.4%	₹13.48 Cr	NEW
SBI Retirement Benefit Fund - Conservative Plan - Direct Plan - Growth SBI Mutual Fund	Equity	0.34%	₹49.83 L	+0.06%
ICICI Prudential Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Index/ETF	0.25%	₹66.72 L	+0.05%
HDFC NIFTY LargeMidcap 250 Index Fund - Growth Option - Direct HDFC Mutual Fund	Index/ETF	0.25%	₹1.09 Cr	+0.05%
Edelweiss Nifty LargeMidcap 250 ETF - Growth Edelweiss Mutual Fund	Index/ETF	0.25%	₹38.47 L	+0.04%
Edelweiss NIFTY Large Midcap 250 Index Fund - Direct Plan Growth Edelweiss Mutual Fund	Index/ETF	0.25%	₹80.42 L	+0.04%
Mirae Asset Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth Mirae Asset Mutual Fund	Index/ETF	0.25%	₹8.72 L	+0.04%
ZERODHA NIFTY LARGE MIDCAP 250 INDEX FUND Zerodha Mutual Fund	Index/ETF	0.25%	₹3.60 Cr	+0.04%
ZERODHA ELSS TAX SAVER NIFTY LARGE MIDCAP 250 INDEX FUND Zerodha Mutual Fund	Index/ETF	0.25%	₹67.76 L	+0.04%
Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option Nippon India Mutual Fund	Index/ETF	0.24%	₹1.16 Cr	+0.01%
ZERODHA NIFTY MIDSMALLCAP400 50:50 INDEX FUND Zerodha Mutual Fund	Index/ETF	0.23%	₹2.34 L	+0.05%
ICICI Prudential MidCap Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Mid Cap	0.19%	₹14.77 Cr	+0.03%
Edelweiss Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund Edelweiss Mutual Fund	Equity	0.17%	₹7.62 L	NEW
Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund Zerodha Mutual Fund	Index/ETF	0.17%	₹2.89 L	+0.03%
HDFC Nifty500 Multicap 50.25.25 Index Fund HDFC Mutual Fund	Index/ETF	0.12%	₹57.20 L	NEW
Mirae Asset Nifty500 Multicap 50:25:25 ETF Mirae Asset Mutual Fund	Index/ETF	0.12%	₹10.21 L	+0.02%
NAVI NIFTY 500 MULTICAP 50-25-25 DIRECT PLAN Navi Mutual Fund	Index/ETF	0.12%	₹3.19 L	+0.02%
JioBlackRock Sector Rotation Fund - Direct Plan - Growth Option JioBlackRock Mutual Fund	Equity	0.11%	₹15.99 L	+0.02%
Motilal Oswal Nifty 50 Index Fund - Direct plan - Growth Motilal Oswal Mutual Fund	Index/ETF	0.1%	₹2.96 Cr	+0.02%
Motilal Oswal Nifty 500 ETF Motilal Oswal Mutual Fund	Index/ETF	0.1%	₹27.21 L	+0.02%
ICICI Prudential BSE 500 ETF ICICI Prudential Mutual Fund	Index/ETF	0.1%	₹35.29 L	+0.02%
ICICI Prudential Nifty 500 Index Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Index/ETF	0.1%	₹8.67 L	+0.02%
SBI Nifty 500 Index Fund- Direct Plan- Growth SBI Mutual Fund	Index/ETF	0.1%	₹75.64 L	+0.02%
HDFC BSE 500 ETF HDFC Mutual Fund	Index/ETF	0.1%	₹2.29 L	+0.02%
HDFC BSE 500 INDEX FUND HDFC Mutual Fund	Index/ETF	0.1%	₹28.42 L	+0.02%
DSP Nifty 500 Index Fund - Direct - Growth DSP Mutual Fund	Index/ETF	0.1%	₹1.40 L	+0.02%
Mirae Asset Nifty Total Market Index Fund Mirae Asset Mutual Fund	Index/ETF	0.1%	₹4.78 L	+0.02%
Axis Nifty 500 Index Fund - Direct Plan - Growth Option Axis Mutual Fund	Index/ETF	0.1%	₹29.85 L	+0.02%
Groww Nifty Total Market Index Fund - Direct Plan - Growth Groww Mutual Fund	Index/ETF	0.1%	₹33.93 L	+0.02%
Angel One Nifty Total Market ETF Angel One Mutual Fund	Index/ETF	0.1%	₹4.04 L	+0.02%
Angel One Nifty Total Market Index Fund Angel One Mutual Fund	Index/ETF	0.1%	₹5.58 L	+0.02%
Bandhan Nifty Total Market Index Fund Bandhan Mutual Fund	Index/ETF	0.1%	₹4.33 L	NEW
Motilal Oswal BSE 1000 Index Fund - Direct Plan - Growth Motilal Oswal Mutual Fund	Index/ETF	0.09%	₹5.77 L	+0.01%

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Data source: Official AMFI monthly portfolio disclosures. Updated every month. Index funds and ETFs excluded. Disclaimer: This is not investment advice. Consult a SEBI-registered advisor before investing.