MF Update: Stocks where equity MFs have largest exposure in August
Many investors want to know what mutual funds are holding at the aggregate level. To know the companies where the mutual fund managers have the highest exposure, we analysed the portfolio of the open-ended equity dedicated mutual fund for the month ending August 2021.
At the end of August 2021, mutual funds (equity dedicated and aggressive allocation hybrid fund) have exposure to 800 unique stocks. Their combined investment values in these equities are Rs 15.73 lakh crore. Nevertheless, it is the top 50 companies that account for 60 per cent of the investment values. Further analysis shows that large-cap companies account for 64 per cent of total investment value, mid-cap companies account for 24 per cent and small-cap companies’ account for the balance of 12 per cent of total investment value.
Among large-cap stocks, ICICI Bank is most widely held by mutual funds with 6 per cent of total investment value. It is followed by HDFC Bank and Infosys that hold 5 per cent and 4 per cent of total investment value respectively. Surprisingly Reliance Industry does not feature in the top five holdings.
Top Five Large-Cap Stocks Held By MFs
|
Company
|
Investment (Rs Cr)
|
% of Total Investment
|
Cap
|
|
ICICI Bank Ltd
|
87,968.88
|
5.59%
|
Large Cap
|
|
HDFC Bank Ltd
|
77,178.97
|
4.90%
|
Large Cap
|
|
Infosys Ltd
|
70,190.65
|
4.46%
|
Large Cap
|
|
Bharti Airtel Ltd
|
45,573.43
|
2.90%
|
Large Cap
|
|
State Bank of India
|
44,196.18
|
2.81%
|
Large Cap
|
Top Five Mid-Cap Stocks Held By MFs
|
Company
|
Investment (Rs Cr)
|
% of Total Investment
|
Cap
|
|
Bharat Electronics Ltd
|
10,391.53
|
0.66%
|
Mid Cap
|
|
Crompton Greaves Consumer Electricals Ltd
|
10,045.36
|
0.64%
|
Mid Cap
|
|
Voltas Ltd
|
9,322.63
|
0.59%
|
Mid Cap
|
|
Max Financial Services Ltd
|
8,696.33
|
0.55%
|
Mid Cap
|
|
Mphasis Ltd
|
8,160.73
|
0.52%
|
Mid Cap
|
Top Five Small-Cap Stocks Held By MFs
|
Company
|
Investment (Rs Cr)
|
% of Total Investment
|
Cap
|
|
Carborundum Universal Ltd
|
3,873.11
|
0.25%
|
Small Cap
|
|
SKF India Ltd
|
3,797.69
|
0.24%
|
Small Cap
|
|
Cholamandalam Financial Holdings Ltd
|
3,236.84
|
0.21%
|
Small Cap
|
|
Indian Energy Exchange Ltd
|
3,045.40
|
0.19%
|
Small Cap
|
|
PNC Infratech Ltd
|
2,684.56
|
0.17%
|
Small Cap
|