Adia’s Indian equity portfolio rises 30% despite market volatility

The Indian equity portfolio of Abu Dhabi Investment Authority (Adia) has reportedly grown by 30 percent to INR48 billion ($509 million) this year.

The portfolio comprises 26 publicly listed Indian companies as of the March 2026 quarter, with half of them giving positive returns, the Economic Times, an Indian financial daily, reported.

Ten stocks have rallied between 10 percent and 100 percent during the period, the report said.

The shares of Paras Defence and Space Technologies surged 106 percent, with Adia’s estimated 3 percent holding valued at INR3.5 billion.

Data Patterns (India) shares rose 84 percent with the sovereign fund’s holding estimated at 1.4 percent valued at INR3.7 billion.

TD Power Systems’ share grew 81 percent, valuing Adia’s 1.1 percent holding at INR2.2 billion.

Azad Engineering stock rose 27 percent, valuing the wealth fund’s 2.2 percent stake at INR2.9 billion, the report said.

Earlier this month Reuters reported that India’s Nifty and the Bombay Stock Exchange have this year lost 10 percent and 13 percent, respectively, pressured by a subdued earnings outlook and persistent foreign selling.

Foreign investors have pulled out more than $26 billion from the markets so far this year, surpassing the $19 billion that exited in 2025.

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In June, Adia committed more than $675 million to a $1 billion Indian real estate fund launched by Kotak Alternate Asset Managers, an arm of the Kotak Group, to support development across Indian cities.

The fund joined the initial public offering (IPO) of Clean Max Enviro Energy Solutions, an Indian renewable energy company, as an anchor investor in February.

Adia was also an anchor investor in the IPO of Indian stockbroker Groww in November last year, purchasing shares worth INR1.4 billion ($14.6 million).

It also invested in the $1.3 billion IPO of LG Electronics’ Indian unit and was among investors in the IPO of Indian electric scooter maker Ather Energy.