Max Financial Services (MFSL)₹1,258−1.91%Life Insurance
At the end of the Sep 2026 quarter, Max Financial Services' shareholders were: promoters 1.24%, FIIs 48.56%, DIIs 43.72%, public 6.48%. Promoter holding is unchanged on the quarter. FII holding is up 3.83 percentage points from 44.73% a year earlier. It had 85,140 shareholders.
As of · Company filings (shareholding pattern)
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 6.51% | 6.51% | 6.51% | 3.33% | 3.33% | 1.73% | 1.73% | 1.70% | 1.24% | 1.24% | 1.24% | 1.24% |
| FIIs | 50.84% | 47.65% | 46.55% | 46.18% | 47.45% | 44.70% | 44.66% | 44.73% | 45.08% | 47.83% | 48.01% | 48.56% |
| DIIs | 36.91% | 39.94% | 40.76% | 44.01% | 42.71% | 47.31% | 47.31% | 47.28% | 47.37% | 44.76% | 44.36% | 43.72% |
| Public | 5.74% | 5.90% | 6.18% | 6.48% | 6.51% | 6.26% | 6.30% | 6.29% | 6.31% | 6.17% | 6.39% | 6.48% |
| Number of shareholders | 59,677 | 65,254 | 67,015 | 65,798 | 68,525 | 68,056 | 80,460 | 76,232 | 75,630 | 77,062 | 80,329 | 85,140 |
| Holder | Category | Sep 2026 | Change (pp) |
|---|---|---|---|
| Mitsui Sumitomo Insurance Company Limited | FII | 21.90% | 0.00 |
| Hdfc Mutual Fund - Hdfc Nifty Large Midc Ap 250 Index Fund | DII | 9.28% | −0.03 |
| Nippon Life India Trustee Ltd-A/C Nippon India Nifty 500 Eq Weight Index Fund | DII | 4.96% | −0.04 |
| Dsp Nifty 500 Index Fund | DII | 4.28% | +1.09 |
| Smallcap World Fund, Inc | FII | 2.98% | +0.04 |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Nifty Alpha Low-Volatility 30 Index Fund | DII | 2.57% | −0.59 |
| Sbi Life Insurance Co. Ltd | DII | 2.31% | +0.29 |
| Invesco India Small Cap Fund | DII | 2.00% | New |
| Principal Funds, Inc. - Global Emerging Markets Fund | FII | 1.98% | +0.94 |
| Hdfc Life Insurance Company Ltd -Shareholders Solvency Margin Acc | DII | 1.86% | New |
| Aditya Birla Sun Life Mutual Fund - Apex Equity Ex-Top 100 Long-Short Fund | DII | 1.70% | New |
| Government Pension Fund Global | FII | 1.63% | +0.07 |
| Icici Prudential Bse Insurance Etf | DII | 1.26% | New |
| Max Ventures Investment Holdings Private Limited | Promoter | 1.15% | 0.00 |
| Vanguard Total International Stock Index Fund | FII | 1.12% | +0.01 |
| Canara Robeco Mutual Fund A/C Canara Rob Eco Multi Asset Allocation Fund | DII | 1.11% | +0.09 |
| Vanguard Emerging Markets Stock Index Fund, A Series Of Vanguard International Equity Index Funds | FII | 1.07% | +0.02 |
| Kotak Funds - India Midcap Fund | FII | 1.06% | +0.01 |
| Analjit Singh | Promoter | 0.03% | 0.00 |
| Piya Singh | Promoter | 0.03% | 0.00 |
| Tara Singh Vachani | Promoter | 0.03% | 0.00 |
| Sbi Nifty Midcap 150 Etf | DII | Exited | — |
| Hdfc Life Insurance Companylimited -Shareholders Solvency Margin Account | DII | Exited | — |
| Aditya Birla Sun Life Trustee Private Limited A/C - Aditya Birla Sun Life Quant Fund | DII | Exited | — |
| Invesco India Financial Services Fund | DII | Exited | — |
Promoters held 1.24% of Max Financial Services at the end of the Sep 2026 quarter, down 0.46 percentage points from 1.70% a year earlier.
In the Sep 2026 quarter, foreign institutional investors (FIIs) held 48.56% (up 0.55 percentage points from 48.01% a quarter earlier) and domestic institutions (DIIs) held 43.72% (down 0.64 percentage points from 44.36% a quarter earlier).
Max Financial Services had 85,140 shareholders at the end of the Sep 2026 quarter, against 76,232 a year earlier.
Mitsui Sumitomo Insurance Company Limited (FII) held 21.90% at the end of the Sep 2026 quarter, the largest named holding outside the promoter group.