Domestic mutual funds made a strong move in June, deploying a total of ₹2,800+ crore into Adani Group stocks—buying into seven out of eight listed companies in the conglomerate, signaling renewed confidence after regulatory scrutiny. Only ACC saw outflows during the month
📊 5 Key Highlights
1️⃣ Adani Ports & SEZ led the charge
The top beneficiary was Adani Ports & SEZ, with mutual funds investing approximately ₹900 crore, led by Kotak Mahindra MF (₹476 cr) and Aditya Birla Sun Life MF (₹208 cr)
2️⃣ Adani Energy Solutions a close second
Adani Energy Solutions attracted around ₹800 crore, with Invesco MF investing ₹180 cr, followed by contributions from ICICI Prudential, SBI, and Kotak at over ₹100 cr each .
3️⃣ Strong inflows across other group companies
- Adani Enterprises: ₹735 crore
- Adani Green Energy: ₹355 crore
- Ambuja Cements: ₹195 crore
Notably, ACC recorded net outflows of ₹244 crore
4️⃣ Consolidated institutional comfort
The month-long buying streak across most group stocks underscores rising institutional comfort, even after last year’s market turbulence Business Standard
5️⃣ Strategic allocation by top fund houses
Assets from Kotak Mahindra MF, SBI MF, ICICI Prudential, Invesco, and Aditya Birla Sun Life played significant roles—highlighting active portfolio decisions by leading AMC players
🔭 Why It Matters
- Bullish signal: Large inflows into key Adani firms suggest renewed institutional optimism post-Hindenburg and SEC inquiries.
- Corporate resilience: Despite controversies, growing MF exposure indicates a perceived recovery in governance and fundamentals.
- Valuation opportunity: Mutual funds seem to be capitalizing on pricing dips as a value play around cyclical and infrastructure assets.
- Portfolio diversification: Significant bets across energy, infrastructure, and cement reflect strategic sector exposure.
- Policy-backstop expectation: MF confidence may hint at expectations driven by India’s infrastructure push and benchmarking by global funds
✅ Bottom Line
Mutual funds pumped in over ₹2,800 crore into Adani Group stocks in June, led by major allocations in Ports and Energy Solutions. This broad-based accumulation reflects strong institutional conviction, suggesting a renewed belief in the group’s valuation potential and governance trajectory—even as regulatory scrutiny continues.
