Funds holding highest share of Reliance Industries
India’s largest company by market-cap, Reliance Industries Limited (RIL) has witnessed a sharp fall in the share price from its recent high after posting second-quarter numbers.
For Q2FY20, the company reported a fall in revenue as well as profit on a yearly basis. The saving grace for the company was the lower tax that helped it to post a profit decline of 7 per cent otherwise, the profit would have also declined by a quarter. There are brokerage reports that have downgraded the stock and new target prices as low as around Rs 1,200.
Many smart funds had started offloading RIL shares much before. At an aggregate level, the holdings by mutual fund schemes in RIL have seen a continuous decline since June 2020. In fact, 17 funds completely exited from the stock in the month of September 2020.
|
Number of shares (in cr) held by MFs
|
|
Sep-20
|
Aug-20
|
Jul-20
|
Jun-20
|
|
29.76
|
29.92
|
30.42
|
32.70
|
Holdings of mutual funds for the month of October 2020 are yet to come but we can feel that the declining trend is likely to continue. There are still 413 funds including index and ETFs that hold RIL shares. Following is the list of funds that hold the highest percentage of RIL shares in their portfolio.
|
Fund Name
|
Fund Manager
|
AUM (in Rs cr)
|
per cent of AUM
|
No. of shares
|
|
SBI Infrastructure Fund-Reg(G)
|
Nidhi Chawla
|
431.6
|
18.33
|
354000
|
|
Tata Large Cap Fund(G)
|
Rupesh Patel
|
715.9
|
14.73
|
472000
|
|
Tata India Tax Savings Fund-Reg(G)
|
Rupesh Patel
|
2069.9
|
14.68
|
1360000
|
|
Tata Focused Equity Fund-Reg(G)
|
Rupesh Patel
|
1285.2
|
14.26
|
820000
|
|
Invesco India Largecap Fund(G)
|
Amit Nigam
|
238
|
14.21
|
151376
|
|
PGIM India Large Cap Fund(G)
|
Alok Agarwal
|
283.8
|
13.54
|
172000
|
|
HDFC Long Term Adv Fund(G)
|
Chirag Setalvad
|
1114.9
|
12.02
|
600000
|
|
Mirae Asset Large Cap Fund-Reg(G)
|
Gaurav Misra
|
18449.8
|
11.68
|
9644492
|
|
Invesco India Tax Plan(G)
|
Amit Nigam
|
1133.5
|
11.49
|
582815
|
|
Tata Large & Mid Cap Fund(G)
|
Chandraprakash Padiyar
|
1633.8
|
11.35
|
830000
|
|
Indiabulls Blue Chip Fund(G)
|
Rajeev Desai
|
128.3
|
11.09
|
63633
|
|
PGIM India Hybrid Equity Fund(G)
|
Alok Agarwal
|
101.9
|
10.96
|
50000
|
|
Kotak Bluechip Fund(G)
|
Harish Krishnan
|
1677.7
|
10.79
|
810000
|
|
Tata Hybrid Equity Fund-Reg(G)
|
Chandraprakash Padiyar
|
3201.3
|
10.64
|
1525000
|
|
IDFC Focused Equity Fund-Reg(G)
|
Sumit Agrawal
|
1400.6
|
10.59
|
664036
|