Which mutual funds hold Thermax Limited?

56 mutual funds hold Thermax Limited as of Sep 2026. The highest weight is 3.76% 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 (Jan-Jun 2026), Thermax Limited is a Mid Cap stock ranked #212 with an average market cap of ₹44.15 K Cr.

Electrical Equipment

Thermax Limited

ISIN: INE152A01029 · Data as of Sep 2026

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Active Funds Holding

vs Last Month

-2 funds

Total Value

₹4,734.65 Cr

Avg Weight

1.12%

New Entries

Exits

Top Holder

SBI Energy Opportunities Fund - Direct Plan - Growth 3.76%

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

Mid Cap Rank #212

₹26.15 K Cr

Avg Mkt Cap · Jan-Jun 2023 (3yr ago)

→

₹44.15 K Cr

Avg Mkt Cap · Jan-Jun 2026 (latest)

+68.8%

3yr change

SEBI · AMFI Market Cap List

📋 What Changed This Month Thermax Limited is currently held by 56 active mutual funds with total exposure of ₹4,734.65 Cr. This month 13 funds entered and 15 funds exited. SBI Energy Opportunities Fund - Direct Plan - Growth has the highest allocation at 3.76%. ↓ Scroll down for full fund list and monthly changes.

Trend

How Has Fund Coverage Changed — Last 5 Months?

Month	Funds	AUM (Cr)	AMCs	Status
Sep 2026 REFERENCE	56	₹4,735	48 / 49
Aug 2026	58	₹5,328	49 / 49	✅ Complete
Jul 2026	68	₹6,192	49 / 49	✅ Complete
Jun 2026	62	₹7,638	49 / 49	✅ Complete
May 2026	55	₹7,818	49 / 49	✅ Complete

📌 Portfolio changes below are based on Sep 2026 data — the most complete month with 48 AMCs we cover uploaded.

This Month

What Changed in the Portfolio — Sep 2026?

Note: Index funds and ETFs are excluded from this analysis. Their holdings change due to index rebalancing, not active fund manager decisions, and do not reflect genuine conviction buys or exits.

▲ New Entries (13)

Sundaram Business Cycle Fund Direct Plan Growth 3.04%

Sundaram Mid Cap Fund Direct Plan - Growth 2.2%

WCMC-The Wealth Company Mid cap fund 1.97%

Kotak Quant Fund - Direct Plan - Growth Option 1.73%

Bajaj Finserv Large & Mid Cap Fund 1.73%

LIC MF Unit Linked Insurance Scheme 1.44%

ITI Multi Cap Fund - Direct Plan - Growth Option 1.29%

ITI Small Cap Fund - Direct Plan - Growth Option 1.07%

▼ Exits (15)

LIC MF Mid Cap Fund-Direct Plan-Growth 2.69%

Bajaj Finserv Large and Mid Cap Fund- Direct Plan- Growth 1.88%

Samco Multi Cap Fund 1.46%

SBI Innovative Opportunities Fund - Direct Plan - Growth 1.42%

Samco Multi Asset Allocation Fund 1.19%

Aditya Birla Sun Life Manufacturing Equity Fund - Direct Plan - Growth 0.9%

Edelweiss Business Cycle Fund - Direct Plan - Growth 0.72%

TRUSTMF MID CAP FUND -DIRECT -GROWTH 0.68%

↑ Increased (3)

Canara Robeco Mid Cap Fund- Direct Plan- Growth Option +0.04%

Sundaram Multi Cap Fund (Formerly Known as Principal Multi Cap Growth Fund)-Direct Plan - Growth Option +0.27%

Aditya Birla Sun Life Infrastructure Fund - Growth - Direct Plan +0.12%

↓ Decreased (40)

SBI Energy Opportunities Fund - Direct Plan - Growth -0.38%

Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan -0.18%

LIC MF Aggressive Hybrid Fund-Direct Plan-Growth -0.28%

Sundaram Large and Midcap Fund Direct Plan - Growth -0.16%

Sundaram Flexicap Fund Direct Growth -0.03%

Sundaram ELSS Tax Saver Fund Direct Plan Growth -0.04%

HSBC Midcap Fund - Direct Growth -0.21%

Samco Mid Cap Fund -0.47%

By Category

Which Fund Categories Hold This Stock?

Category	Funds	Avg Weight
Equity	18	1.15%
Mid Cap	18	1.14%
Multi Asset	5	0.59%
Flexi Cap	3	1.53%
Multi Cap	3	1.03%
Aggressive Hybrid	2	1.44%
ELSS	2	0.91%
Large Cap	1	1.52%
Balanced Advantage	1	1.43%
Focused	1	1.35%
Small Cap	1	1.07%
Dividend Yield	1	0.89%

All Holdings

Which 56 Active Funds Hold Thermax Limited?

Filter:

Fund ↕	Category ↕	Weight ↕	Value ↕	Change ↕
SBI Energy Opportunities Fund - Direct Plan - Growth SBI Mutual Fund	Equity	3.76%	₹299.69 Cr	-0.38%
Sundaram Business Cycle Fund Direct Plan Growth Sundaram Mutual Fund	Equity	3.04%	₹52.22 Cr	NEW
Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund	Mid Cap	2.25%	₹147.29 Cr	-0.18%
Sundaram Mid Cap Fund Direct Plan - Growth Sundaram Mutual Fund	Mid Cap	2.2%	₹305.30 Cr	NEW
WCMC-The Wealth Company Mid cap fund The Wealth Company Mutual Fund	Mid Cap	1.97%	₹3.39 Cr	NEW
LIC MF Aggressive Hybrid Fund-Direct Plan-Growth Lic Mutual Fund	Aggressive Hybrid	1.91%	₹10.72 Cr	-0.28%
Sundaram Large and Midcap Fund Direct Plan - Growth Sundaram Mutual Fund	Mid Cap	1.83%	₹130.34 Cr	-0.16%
Kotak Quant Fund - Direct Plan - Growth Option Kotak Mutual Fund	Equity	1.73%	₹7.79 Cr	NEW
Bajaj Finserv Large & Mid Cap Fund Bajaj Finserv Mutual Fund	Mid Cap	1.73%	₹40.17 Cr	NEW
Sundaram Flexicap Fund Direct Growth Sundaram Mutual Fund	Flexi Cap	1.72%	₹31.55 Cr	-0.03%
Sundaram ELSS Tax Saver Fund Direct Plan Growth Sundaram Mutual Fund	ELSS	1.7%	₹20.64 Cr	-0.04%
HSBC Midcap Fund - Direct Growth HSBC Mutual Fund	Mid Cap	1.67%	₹280.45 Cr	-0.21%
Samco Mid Cap Fund Samco Mutual Fund	Mid Cap	1.62%	₹1.22 Cr	-0.47%
Canara Robeco Mid Cap Fund- Direct Plan- Growth Option Canara Robeco Mutual Fund	Mid Cap	1.53%	₹76.22 Cr	+0.04%
SBI Large Cap FUND-DIRECT PLAN -GROWTH SBI Mutual Fund	Large Cap	1.52%	₹794.94 Cr	-0.14%
Bajaj Finserv Flexi Cap Fund-Direct Plan-Growth Bajaj Finserv Mutual Fund	Flexi Cap	1.49%	₹127.17 Cr	-0.38%
Sundaram Infrastructure Advantage Fund Direct Plan - Growth Sundaram Mutual Fund	Equity	1.47%	₹13.57 Cr	-0.14%
LIC MF Unit Linked Insurance Scheme Lic Mutual Fund	Equity	1.44%	₹6.11 Cr	NEW
LIC MF Balanced Advantage Fund-Direct Plan-Growth Lic Mutual Fund	Balanced Advantage	1.43%	₹9.33 Cr	-0.11%
Kotak Active Momentum Fund - Direct Plan - Growth option Kotak Mutual Fund	Equity	1.41%	₹22.45 Cr	-0.09%
Kotak Flexicap Fund - Growth - Direct Kotak Mutual Fund	Flexi Cap	1.39%	₹737.80 Cr	-0.11%
SBI FOCUSED FUND - DIRECT PLAN -GROWTH SBI Mutual Fund	Focused	1.35%	₹677.10 Cr	-0.4%
Sundaram Multi Cap Fund (Formerly Known as Principal Multi Cap Growth Fund)-Direct Plan - Growth Option Sundaram Mutual Fund	Multi Cap	1.3%	₹37.63 Cr	+0.27%
ITI Multi Cap Fund - Direct Plan - Growth Option ITI Mutual Fund	Multi Cap	1.29%	₹19.33 Cr	NEW
SBI ESG Exclusionary Strategy Fund - Direct Plan -Growth SBI Mutual Fund	Equity	1.26%	₹62.56 Cr	-0.08%
JM Midcap Fund (Direct) - Growth JM Financial Mutual Fund	Mid Cap	1.22%	₹15.86 Cr	-0.12%
SBI Retirement Benefit Fund - Aggressive Plan - Direct Plan - Growth SBI Mutual Fund	Equity	1.17%	₹35.96 Cr	-0.11%
Aditya Birla Sun Life Multi Asset Allocation Fund-Direct Growth Aditya Birla Sun Life Mutual Fund	Multi Asset	1.16%	₹86.91 Cr	-0.15%
ITI Small Cap Fund - Direct Plan - Growth Option ITI Mutual Fund	Small Cap	1.07%	₹39.11 Cr	NEW
Sundaram Multi-Factor Fund - Direct - Growth Sundaram Mutual Fund	Equity	1.04%	₹8.19 Cr	-0.07%
Aditya Birla Sun Life Infrastructure Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund	Equity	1.01%	₹12.36 Cr	+0.12%
SBI Retirement Benefit Fund - Aggressive Hybrid Plan - Direct Plan - Growth SBI Mutual Fund	Aggressive Hybrid	0.97%	₹15.43 Cr	-0.09%
LIC MF Manufacturing Fund-Direct Plan-Growth Lic Mutual Fund	Equity	0.9%	₹6.90 Cr	-0.16%
TATA DIVIDEND YIELD FUND Tata Mutual Fund	Dividend Yield	0.89%	₹9.86 Cr	-0.09%
ITI Mid Cap Fund - Direct Plan - Growth Option ITI Mutual Fund	Mid Cap	0.83%	₹12.13 Cr	NEW
ITI Large & Mid Cap Fund ITI Mutual Fund	Mid Cap	0.83%	₹5.73 Cr	NEW
Tata Mid Cap Fund - Direct Plan- Growth Option Tata Mutual Fund	Mid Cap	0.82%	₹48.08 Cr	-0.07%
HSBC Large & Mid Cap Fund - Direct Growth HSBC Mutual Fund	Mid Cap	0.72%	₹41.89 Cr	-0.09%
CANARA ROBECO INFRASTRUCTURE FUND - DIRECT PLAN - GROWTH OPTION Canara Robeco Mutual Fund	Equity	0.63%	₹5.79 Cr	-0.04%
Tata Multi Asset Allocation Fund-Direct Plan-Growth Tata Mutual Fund	Multi Asset	0.55%	₹27.38 Cr	-0.05%
HSBC Multi Asset Allocation Fund - Direct - Growth HSBC Mutual Fund	Multi Asset	0.54%	₹16.96 Cr	-0.06%
SBI Retirement Benefit Fund - Conservative Hybrid Plan - Direct Plan - Growth SBI Mutual Fund	Equity	0.53%	₹1.32 Cr	-0.07%
ICICI Prudential Multicap Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Multi Cap	0.51%	₹94.86 Cr	-0.05%
Sundaram Multi Asset Allocation Fund Direct Plan Growth Sundaram Mutual Fund	Multi Asset	0.47%	₹15.12 Cr	NEW
Sundaram Dynamic Asset Allocation Fund Sundaram Mutual Fund	Equity	0.44%	₹7.04 Cr	NEW
Edelweiss Mid Cap Fund - Direct Plan - Growth Option Edelweiss Mutual Fund	Mid Cap	0.41%	₹77.93 Cr	-0.04%
Edelweiss Flexi Cap Fund - Direct Plan - Growth Option Edelweiss Mutual Fund	Equity	0.37%	₹13.05 Cr	-0.03%
ICICI Prudential Large & Mid Cap Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Mid Cap	0.29%	₹90.24 Cr	-0.02%
SBI MIDCAP FUND - DIRECT PLAN - GROWTH SBI Mutual Fund	Mid Cap	0.27%	₹62.42 Cr	-0.52%
SBI Retirement Benefit Fund - Conservative Plan - Direct Plan - Growth SBI Mutual Fund	Equity	0.25%	₹33.92 L	-0.03%
Bajaj Finserv Multi Asset Allocation Fund - Direct Growth Bajaj Finserv Mutual Fund	Multi Asset	0.22%	₹4.20 Cr	-0.02%
PGIM India Midcap Fund - Direct Plan - Growth Option PGIM India Mutual Fund	Mid Cap	0.21%	₹21.73 Cr	-0.01%
ICICI Prudential MidCap Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Mid Cap	0.13%	₹10.06 Cr	-0.01%
SBI ELSS Tax Saver FUND - DIRECT PLAN -GROWTH SBI Mutual Fund	ELSS	0.11%	₹32.64 Cr	-0.01%
Edelweiss Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70-30 Index Fund Edelweiss Mutual Fund	Equity	0.11%	₹5.26 L	NEW
JioBlackRock Sector Rotation Fund - Direct Plan - Growth Option JioBlackRock Mutual Fund	Equity	0.07%	₹11.06 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.