Fund holdings in KRN Heat Exchanger rise as Union MF joins with five schemes
Mutual funds added a net 1.31 lakh KRN Heat Exchanger shares in the September quarter, with Union MF entering through five schemes, Moody's reports.
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what happened
Mutual funds boosted their stake in KRN Heat Exchanger and Refrigeration in the September quarter, with net purchases of 1.31 lakh shares. The number of schemes holding the stock climbed to 30 from 26 in June. Union MF entered through five schemes, lifting the count of fund houses invested in the small-cap company to 10 from 9.
WhiteOak Capital remains the largest fund holder, with 13.89 lakh shares across 11 schemes, or about 63% of mutual fund holdings, down from 67% in June. Some investors went the other way: VQ FasterCap sold about 4.39 lakh shares and Mukul Agrawal sold one lakh shares. The data comes from Moody's.
why it matters
The stock rose roughly 15%, prompting some large investors to take profits. Fund purchases only partly offset that selling. Mutual fund ownership reached 3.3%, pointing to wider institutional participation, though concentration in WhiteOak remains notable.
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sources
- Mutual funds raise stake in KRN Heat Exchanger; Union MF enters with five schemes — Moody's, 20 October 2026 at 15:16 UTC
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