5 most bought mid-cap stocks by mutual funds in September 2025

5 most bought mid caps by mutual funds in September 2025

Let's look at the mid-cap darlings of the month

5 most bought mid-cap stocks by mutual funds in September 2025 Aditya Roy/AI-Generated Image

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 average return on equity	5Y return on capital employed
★★★	30.3	18.2%	9.7%	18.7%	19.8%

#3 Global Health

Increase in stake by 2.56 per cent, from 8.8 per cent in August to 11.36 per cent in September.

What the company does

Global Health, incorporated in 2004 and headquartered in Gurugram, operates a network of hospitals under the ‘Medanta’ brand. It offers a broad spectrum of specialties, ranging from cardiac and cancer care to neurosciences, orthopaedics, transplants and critical care. Beyond hospitals, the company provides diagnostics, telemedicine, home and elder care, pharmacies and even air ambulance services.

Stock Rating	P/E ratio	5Y revenue growth	5Y net profit growth	5Y average return on equity	5Y return on capital employed
★★★★	70.1	19.7%	67.7%	13.0%	16.5%

#2 Jubilant Foodworks

Increase in stake: 2.75 per cent, from 20.66 per cent in August to 23.41 per cent in September.

What the company does

Jubilant FoodWorks is a leading food services company that operates popular quick service restaurant chains. Its portfolio includes Domino’s Pizza, Dunkin’ Donuts, Hong’s Kitchen, Popeyes and COFFY. With a presence across India and international markets such as Sri Lanka, Bangladesh, Nepal, Turkey, Azerbaijan and Georgia, the company has built a strong regional footprint in the QSR (quick service restaurant) space.

Stock Rating	P/E ratio	5Y revenue growth	5Y net profit growth	5Y average return on equity	5Y return on capital employed
★★	159.3	20.3%	11.7%	18.3%	32.1%

#1 Dalmia Bharat

Increase in stake: Funds increased their stake from 9.82 per cent to 12.88 per cent, a jump of 3.08 per cent.

What the company does

Dalmia Bharat, earlier known as Odisha Cement, is a leading cement manufacturer in India. Through its subsidiaries, the company produces a wide range of cement products. It caters to individual home builders, institutional buyers and government infrastructure projects.