Mutual funds have shown renewed confidence in Adani Group companies, increasing their holdings in six out of the eleven listed entities during the fourth quarter of FY25.
Notably, Adani Green Energy emerged as the top pick, with mutual fund holdings rising to 1.01% from 0.37% in the previous quarter.
The number of mutual fund houses holding positions in Adani Green Energy also increased to 27, up from 21 in the December quarter.
Adani Enterprises saw a modest increase in mutual fund holdings, rising to 2.49% from 2.37% in Q3FY25.
Similarly, Adani Power experienced a slight uptick in mutual fund interest.
Other group companies, including Adani Energy Solutions and Ambuja Cements, also witnessed increased interest from fund managers during the quarter.
Despite global market turbulence, investment firms such as GQG Partners have maintained or slightly increased their stakes in Adani Group companies.
GQG Partners raised its stake in Adani Green Energy by 28 basis points and in Adani Enterprises by 17 basis points during the quarter ended March 2025.
Additionally, the Life Insurance Corporation of India (LIC) increased its stake in Adani Ports and Special Economic Zone to 8.10% from 7.86% in the March quarter.
These developments suggest growing institutional confidence in the Adani Group’s prospects, with mutual funds and other institutional investors increasing their exposure to key group companies.
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