Track how many active mutual funds hold paint stocks in India. Monthly data shows where institutional conviction across Asian Paints, Berger Paints, Kansai Nerolac, Indigo Paints and Akzo Nobel is rising or falling.
📅 Updated Aug 2026 · Index funds and ETFs excluded
| # | Stock Name | May | Jun % | Jul % | Aug % | Aug 2026 Funds | Overall % | AUM (₹ Cr) |
|---|---|---|---|---|---|---|---|---|
| 1 | Asian Paints LimitedConsumer Durables | 105 | -2.9% | +1% | -2.9% | 100 | -4.8% | 10,080 |
| 2 | Berger Paints (I) LimitedConsumer Durables | 35 | +8.6% | -5.3% | +2.8% | 37 | +5.7% | 3,749 |
| 3 | Akzo Nobel India LimitedConsumer Durables | 25 | 0% | -12% | -4.5% | 21 | -16% | 1,629 |
| 4 | Indigo Paints LimitedConsumer Durables | 23 | -13% | +5% | -9.5% | 19 | -17.4% | 1,167 |
| 5 | Kansai Nerolac Paints LimitedConsumer Durables | 17 | -5.9% | 0% | -6.3% | 15 | -11.8% | 592 |
Paint stocks in India include manufacturers of decorative paints, industrial coatings, and allied products. Asian Paints is India largest paint company with a dominant share in decorative paints. Berger Paints is a strong number two with wide distribution. Kansai Nerolac focuses on industrial and automotive coatings. Indigo Paints is a fast-growing challenger in the decorative segment. Akzo Nobel India makes Dulux brand paints for premium consumers. Fund managers track paint stocks as a proxy for housing activity, renovation spending, and urban consumption growth.
Rising fund counts over four months signal growing institutional conviction in the paints theme. Cross-reference individual fund portfolios on our top stocks page or explore full holdings via the funds directory.
India real estate upcycle is driving strong demand for decorative paints as new homes are completed and existing homes are renovated. Paint companies are also benefiting from falling raw material costs — crude oil derivatives are a key input — which is expanding margins. The entry of new competition has moderated pricing power somewhat, but established brands like Asian Paints and Berger retain strong distribution moats. Fund managers view paint stocks as high quality consumption plays with strong balance sheets, consistent cash flows and return on equity.
For context on SEBI disclosure requirements, refer to AMFI India. For regulatory guidelines, visit SEBI India. Explore broader holding trends using our market cap categories page.
The AUM column shows the total market value of holdings in that stock across all active equity mutual funds in the latest month, expressed in crores of rupees. For example if 45 funds hold Asian Paints and each holds shares worth an average of Rs 50 crore, the AUM shown would be Rs 2250 crore. This gives a sense of how much institutional money is deployed in each stock — a high AUM alongside a rising fund count signals strong and growing conviction, while a falling fund count with still-high AUM may indicate remaining funds are holding larger positions even as others exit.
To explore individual fund portfolios and see which specific funds hold each paint stock, visit the funds directory or click any stock name in the table above to see its full fund holding history. Use the SIP calculator to plan investments in funds with high consumption sector exposure.