9 Stocks Popular with Mutual Funds

Top Stocks Mutual Funds Love: Unveiling the Elite 9

Mutual funds, a popular investment vehicle for many, pool money from investors and invest it in a basket of stocks, bonds, and other assets. This diversification helps spread risk and potentially achieve long-term growth. But what are the stocks that these funds are most fond of? This article delves into the top 9 stocks held by over 400 mutual fund schemes in India, based on data from ACE MF.

The Leaders of the Pack:

ICICI Bank: Coming in at number one is ICICI Bank, held by a whopping 575 mutual fund schemes. This translates to a total market value of Rs 1.77 lakh crore and a significant holding of 1,68,65,31,840 shares by mutual funds. This indicates strong investor confidence in the bank’s financial performance and future prospects.
HDFC Bank: Following closely behind is HDFC Bank, another banking giant held by 560 mutual fund schemes. The total market value of HDFC Bank held by these schemes stands at Rs 1.99 lakh crore, with an impressive holding of around 1,42,26,78,700 shares. This highlights the importance that mutual funds place on the stability and growth potential of the Indian banking sector.
Infosys: The technology giant Infosys finds its place at number three, held by 507 mutual fund schemes. Its total market value within these schemes is Rs 1.10 lakh crore, with mutual funds holding 66,10,28,879 shares. This signifies the continued faith of mutual funds in the Indian IT sector and its potential for long-term growth.
Reliance Industries: The ever-reliable Reliance Industries grabs the fourth position, held by 498 mutual fund schemes. Its total market value within these schemes amounts to Rs 1.41 lakh crore, and mutual funds hold 48,52,38,282 shares. This demonstrates the diversified conglomerate’s ability to attract investor interest across various sectors.
Larsen & Toubro (L&T): Taking the fifth spot is the engineering and construction behemoth L&T, held by 484 mutual fund schemes. The total market value of L&T shares held by these schemes is Rs 84,281 crore, with mutual funds possessing a significant holding of 24,23,19,700 shares. This suggests investor confidence in India’s infrastructure development and L&T’s role in it.

Beyond the Big Four:

State Bank of India (SBI): The nation’s largest public sector bank, SBI, occupies the sixth position, held by 471 mutual fund schemes. Its total market value within these schemes is Rs 77,877 crore, with mutual funds holding 1,04,08,47,515 shares. This highlights the continued influence and importance of SBI in the Indian financial system.
Bharti Airtel: The leading telecommunication service provider, Bharti Airtel, secures the seventh position, held by 443 mutual fund schemes. The total market value of Bharti Airtel within these schemes stands at Rs 70,917 crore, with mutual funds holding 63,13,18,251 shares. This reflects investor optimism about the growth potential of the Indian telecom sector.
Axis Bank: Another major player in the banking sector, Axis Bank, finds its place at number eight, held by 441 mutual fund schemes. The total market value of Axis Bank within these schemes is Rs 71,092 crore, with mutual funds holding 66,12,20,055 shares. This signifies the attractiveness of the private banking sector for mutual fund investments.
NTPC: Rounding out the top nine is the public sector power giant NTPC, held by 435 mutual fund schemes. The total market value of NTPC within these schemes is Rs 58,257 crore, with mutual funds holding a substantial holding of 1,73,59,82,566 shares. This indicates investor confidence in the importance of the power sector and NTPC’s role in India’s energy infrastructure.

Conclusion:

This analysis of the top stocks held by mutual funds provides valuable insights into the investment preferences of these financial institutions. The dominance of the banking and IT sectors, alongside the presence of leading companies from other crucial sectors, reflects the overall investment strategy of mutual funds in India. This information can be a valuable reference point for investors looking to understand the Indian market and make informed investment.