Top 5 funds likely to benefit from investment in HDFC Bank
From the levels of 1,304.85 in January 2020, the stock of HDFC Bank had made a low of 738.75 in March 2020. However, it began its recovery from there, recording an all-time high and is currently trading at 1,440.85 levels. On the monthly charts, from the viewpoint of technical analysis, it has formed an ascending triangle pattern, which is a bullish chart pattern. According to this pattern, HDFC Bank Limited is likely to rise 1,208.81 points from 1,305.10 levels. This means it is likely to see 2,500 levels.
As we can see, the rally can be big enough. Having said, it can witness a pullback at 1,200 levels before continuing its northward journey. Therefore, if this price pattern is respected, then even the funds having HDFC Bank Ltd would benefit from the same. Here we have listed the top five funds having the highest exposure to HDFC Bank Limited. However, we have excluded index funds, exchange-traded funds (ETFs), and banking & financial services funds as it is obvious that they would be having the highest exposure to HDFC Bank Limited.
|
Fund Name
|
Fund Manager
|
Oct-20
|
|
AUM (in Rs Cr)
|
Per cent of AUM
|
|
JM Equity Hybrid Fund
|
Sanjay Kumar Chhabaria
|
6.0
|
12.83
|
|
Indiabulls Bluechip Fund
|
Rajeev Desai
|
125.2
|
10.89
|
|
JM Multicap Fund
|
Sanjay Kumar Chhabaria
|
128.7
|
10.53
|
|
Invesco India Large-Cap Fund
|
Amit Nigam
|
239.8
|
10.43
|
|
SBI Bluechip Fund
|
Sohini Andani
|
22,421.4
|
10.27
|
The above table shows you the top five actively managed funds having the highest exposure to HDFC Bank Limited. The per cent of assets under management (AUM) in the above table means the per cent of AUM, which is contributed by HDFC Bank Limited. The above funds are most likely to benefit from the probable rally in HDFC Bank Limited. Further, it is to be noted that the holdings are as of October 2020 and are subject to change.