Vodafone Idea, Yes Bank Among Top Mid-Cap Buys For Mutual Funds in November

Mid-cap stocks continued to attract strong interest with India’s largest 10 mutual fund houses sharply raising their stakes across select names in November. The buying was concentrated, decisive, and led by a mix of telecom, banking, logistics, and energy stocks.

Mid-cap stocks, as defined by the Securities Exchange Board of India (Sebi) are the ones that rank from 101 to 250 in terms of total market capitalisation. Market cap, in simple words, tells us about the size of the company.

The top five most bought mid-cap stocks by mutual funds in November, in terms of change in number of shares, were Vodafone Idea, Yes Bank, Container Corporation of India, NTPC Green Energy and AWL Agri Business, shown by Ace Mutual Fund.

The top 10 mutual fund houses bought an additional 28.11 crore shares of telecom major Vodafone Idea during November. In percentage terms, this was 8.93 per cent higher compared to the number of shares held by them in October. Vodafone Idea currently has a market capitalisation of Rs 1.26 lakh crore.

The next most bought mid-cap stock was Yes Bank. As per the data from Ace Mutual Fund, mutual fund houses purchased an additional 6.17 crore shares during November compared to the previous month. In percentage terms, fund houses now hold 10.73 per cent more shares than in October.

Next in line was logistics player Container Corporation of India, where mutual funds held 1.53 crore additional shares, an impressive 29 per cent jump from October levels. Mutual funds also increased their exposure to NTPC Green Energy and AWL Agri Business by around 1.2 crore shares each.

Other stocks that saw strong buying interest included IT company Mphasis, Suzlon Energy, Bharat Heavy Electricals and NMDC.

In percentage terms, the most aggressively accumulated mid-cap stock was Mphasis, where the largest mutual fund houses increased their holding by 29.5 per cent between October and November. Mphasis, a technology solutions provider with a strong focus on AI and digital transformation, is up around 5 per cent over the last month and 7 per cent over the last six months as of December 13, 2025.

Companies with a minimum market capitalisation of Rs 1,000 crore were considered for this analysis. Container Corporation of India (28.77 per cent rise in the number of shares), Kaynes Technology and General Insurance Corporation of India also saw significant interest from mutual funds.

The ten largest mutual fund houses include names such as SBI Mutual Fund, ICICI Prudential Asset Management, HDFC Mutual Fund, Nippon India AMC, and others, together managing assets worth Rs 63.71 lakh crore as of November 2025, which constitutes over 76 per cent of the total assets under management of the industry.