5 most bought mid caps by mutual funds in September 2025

Summary: Fund houses bought or jacked up their stake in various mid-cap companies in September. In this story, we list five such companies that saw the highest buying last month. Mutual fund houses ramped up their stake across multiple mid-cap stocks, spanning sectors such as materials, healthcare and consumer discretionary. Here, we highlight the top five mid-cap companies where mutual funds increased their holdings the most in September 2025. #5 JK Cement Increase in stake: Mutual funds increased their stake from 15.83 per cent to 18.33 per cent, a jump of 2.5 per cent last month. What the company does JK Cement, founded in 1975 and headquartered in Kanpur, is a diversified building materials company with a strong presence in India and overseas. Its portfolio spans grey cement products, alongside white cement-based wall putty, plasters and levellers. The company has also expanded into tile adhesives, grouts, paints and wood finishes, positioning itself as more than just a cement maker. Stock Rating P/E ratio 5Y revenue growth 5Y net profit growth 5Y average return on equity 5Y return on capital employed ★★★★ 50.5 18.4% 16.8% 15.6% 15.7% #4 Balkrishna Industries Increase in stake: Funds increased their stake from 14.93 per cent to 17.43 per cent, a 2.5 per cent rise. What the company does Balkrishna Industries is a tyre manufacturer with a global footprint across India, Europe and North America. The company specialises in off-highway tyres catering to niche segments such as agriculture, mining, forestry, construction, and industrial use. Its portfolio also covers earthmoving, port operations, ATVs and turf care, making it a key player in specialised tyre markets worldwide. Stock Rating P/E ratio 5Y revenue growth 5Y net profit growth 5Y ave