MFs that are likely to gain from cyclical bets
On February 18, 2021, the frontline equity indices were down by almost a per cent, but there were three companies that hit a new 52-week high, and it was no surprise that all the three were PSU lot. On Thursday, NTPC, ONGC and GAIL rallied between 4 per cent and 8.5 per cent. And over the past one week, these stocks have gained 6.3 per cent, 11.3 per cent and 5 per cent, respectively. Here is a list of the top 10 funds that were benefited by investing in these three stocks.
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Top 10 funds holding NTPC Ltd
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Fund Name
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Fund Manager
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Per cent of AUM
|
Weekly Returns (per cent)
|
Category Average (per cent)
|
|
ICICI Prudential Multi-Asset Fund
|
Sankaran Naren
|
9.27
|
1.82
|
0.17
|
|
ICICI Prudential India Opportunities Fund
|
Sankaran Naren
|
9.16
|
3.38
|
-
|
|
ICICI Prudential Infrastructure Fund
|
Ihab Dalwai
|
8.98
|
3.44
|
1.74
|
|
ICICI Prudential Large & Mid Cap Fund
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Sankaran Naren
|
7.83
|
1.66
|
0.91
|
|
ICICI Prudential Equity & Debt Fund
|
Sankaran Naren
|
7.41
|
1.99
|
0.39
|
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Aditya Birla Sun Life PSU Equity Fund
|
Mahesh Patil
|
7.08
|
5.97
|
5.62
|
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Invesco India Infrastructure Fund
|
Amit Nigam
|
6.78
|
0.42
|
1.74
|
|
SBI PSU Fund
|
Richard Dsouza
|
6.36
|
6.05
|
5.62
|
|
ICICI Prudential Dividend Yield Equity Fund
|
Mittul Kalawadia
|
6.29
|
1.97
|
0.97
|
|
HDFC Housing Opportunities Fund
|
Rakesh Vyas
|
6.14
|
2.58
|
-
|
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Top 10 funds holding ONGC Ltd
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Fund Name
|
Fund Manager
|
Per cent of AUM
|
Weekly Returns (per cent)
|
Category Average (per cent)
|
|
SBI PSU Fund
|
Richard Dsouza
|
5.84
|
6.05
|
5.62
|
|
ICICI Prudential India Opportunities Fund
|
Sankaran Naren
|
5.46
|
3.38
|
-
|
|
ICICI Prudential Multi-Asset Fund
|
Sankaran Naren
|
5.13
|
1.82
|
0.17
|
|
ICICI Prudential Equity & Debt Fund
|
Sankaran Naren
|
4.60
|
1.99
|
0.39
|
|
SBI Magnum Comma Fund
|
Richard Dsouza
|
4.16
|
2.82
|
-
|
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DSP Natural Resources & New Energy Fund
|
Rohit Singhania
|
4.03
|
2.73
|
2.57
|
|
ICICI Prudential Infrastructure Fund
|
Ihab Dalwai
|
3.93
|
3.44
|
1.74
|
|
Templeton India Value Fund
|
Lakshmikanth Reddy
|
2.45
|
2.84
|
0.99
|
|
Tata Ethical Fund
|
Ennettee Fernandes
|
2.29
|
0.18
|
-
|
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ICICI Prudential Quant Fund
|
Roshan Chutkey
|
2.05
|
3.02
|
-
|
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Top 10 funds holding GAIL (India) Ltd
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Fund Name
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Fund Manager
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Per cent of AUM
|
Weekly Returns (per cent)
|
Category Average (per cent)
|
|
Aditya Birla Sun Life PSU Equity Fund
|
Mahesh Patil
|
5.78
|
5.97
|
5.62
|
|
ICICI Prudential India Opportunities Fund
|
Sankaran Naren
|
5.17
|
3.38
|
-
|
|
ICICI Prudential Infrastructure Fund
|
Ihab Dalwai
|
4.80
|
3.44
|
1.74
|
|
ICICI Prudential Focused Equity Fund
|
Prakash Gaurav Goel
|
4.10
|
0.80
|
0.42
|
|
Franklin Build India Fund
|
Anand Radhakrishnan
|
4.06
|
3.03
|
1.74
|
|
SBI PSU Fund
|
Richard Dsouza
|
3.99
|
6.05
|
5.62
|
|
Franklin India Bluechip Fund
|
Anand Radhakrishnan
|
3.53
|
1.88
|
0.33
|
|
Franklin India Focused Equity Fund
|
Anand Radhakrishnan
|
3.42
|
2.44
|
0.42
|
|
ICICI Prudential Value Discovery Fund
|
Sankaran Naren
|
2.79
|
0.55
|
0.99
|
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Canara Robeco Infrastructure Fund
|
Cheenu Gupta
|
2.45
|
0.78
|
1.74
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The above three tables show the top funds, having a holding in the three respective stocks along with its weekly performance and category average performance.
If we look at these tables, it is quite clear that on asset management company (AMC) level, ICICI Prudential looks prominent and has the maximum funds benefiting from the same.
Since the past year, ICICI Prudential has been quite positive on cyclicals as well as overweight on power & gas names across several funds. If we look across the mutual fund industry, several schemes of ICICI Prudential Mutual Fund have been the largest holders of ONGC and NTPC. However, when it comes to GAIL (India), along with ICICI Prudential, SBI, Aditya Birla Sun Life and Franklin are the other fund houses, which have a sizeable exposure to this stock.
If we look at the overall holding in these three stocks fund manager wise, then Sankaran Naren of ICICI Prudential Mutual Fund holds the highest in these stocks, followed by Richard D’Souza of SBI Mutual Fund and Ihab Dalwai of ICICI Prudential Mutual Fund.