Mutual funds pile into Adani Energy trio as electrification boom turns conglomerate into infrastructure bet

Adani Energy Solutions stakes more than tripled

Indian mutual funds are sharply increasing holdings in Adani Power, Adani Green Energy, and Adani Energy Solutions, signaling a shift from short-term, high-volatility trading to a long-duration bet on India’s electrification cycle. Shareholding data through March 2026 shows MF ownership rising sharply across the trio. Fund managers point to contracted-capacity cash flows—where over 70% of EBITDA comes from contracted revenue—and to visible earnings from power, renewables, transmission, and grid-heavy demand driven by data centres, EVs, and manufacturing.