Mutual Fund Update: MFs that hold Tech Mahindra

Mutual Fund Update: MFs that hold Tech Mahindra

Henil Shah
/ Categories: MF Unlocked

Leading information technology company, Tech Mahindra reported results on Tuesday, February 5. The company posted a 28 per cent year-on-year growth in its consolidated net profit at Rs. 1,203 crore. Profit grew sequentially by 13 per cent. The company's Chief Executive Officer, Tech Mahindra, C P Gurnani said that December quarter has been a milestone quarter for the company. Looking at all these, let’s find out which mutual funds hold Tech Mahindra. If we look at the price movement then in past 1 month, 6 months and 1 year then it has given returns of 15.92 per cent, 19.49 per cent and 31.37 per cent, respectively.

 

There are in total 184 funds (including close-ended funds) that have holdings in Tech Mahindra. Following is the list of top 10 funds that hold the highest value in Tech Mahindra in AUM terms as on December 2018.


Fund Name

Fund Manager

Dec-18

Dec-18

Dec-18

NAV

AUM (in cr)

% of AUM

No. of Shares

ICICI Pru Balanced Advantage Fund

Manish Banthia

29,292

1.62%

65,65,004

34.04

ICICI Pru Equity & Debt Fund

Sankaran Naren

26,695

0.90%

33,22,226

124.25

Aditya Birla SL Frontline Equity Fund

Mahesh Patil

21,175

2.08%

61,04,422

211.47

ICICI Pru Bluechip Fund

Anish Tawakley

20,115

1.88%

52,37,297

39.66

HDFC Top 100 Fund

Prashant Jain

15,264

0.62%

13,15,000

461.10

Aditya Birla SL Equity Hybrid 95 Fund

Mahesh Patil

13,839

1.30%

24,93,000

718.61

Kotak Equity Arbitrage Scheme

Deepak Gupta

13,189

0.20%

3,73,200

26.17

Franklin India Equity Fund

Anand Radhakrishnan

11,462

1.89%

30,00,000

562.45

ICICI Pru Multi-Asset Fund

Sankaran Naren

11,080

0.39%

6,03,142

248.82

Aditya Birla SL Equity Fund

Anil Shah

10,148

3.95%

55,37,047

681.31

If we analyse the above data, we find that the above-mentioned 10 funds on average sold 49.94 lakh shares of Tech Mahindra. Though if we look at the overall scenario then there is a net buying where 18.44 Lakhs shares over the period of September 2018 to December 2018.

 

So does it mean that it's the right time to invest in these funds? No, this analysis is not in anyway a recommendation to hold or exit the funds. This analysis only gives an insight on the funds that hold Tech Mahindra and you may have a look at your mutual funds whether they hold Tech Mahindra or not.

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