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Mutual Funds Bet Big: Top Stocks for April Revealed
12 May
Summary
- HDFC Bank led with 751 funds holding Rs 2.60 lakh crore.
- Bharti Airtel was favored by 697 funds with a Rs 1.39 lakh crore value.
- Infosys and RIL also featured among the top nine most-held stocks.
In April, a significant trend emerged as 600 mutual fund schemes concentrated their investments in nine specific stocks. HDFC Bank emerged as a top choice, held by 751 funds with a substantial market value of Rs 2.60 lakh crore. ICICI Bank and SBI also saw strong backing from mutual funds, holding Rs 2.91 lakh crore and Rs 1.34 lakh crore respectively.
Bharti Airtel was another favored pick, included in the portfolios of 697 mutual fund schemes, with a total market value of Rs 1.39 lakh crore. Reliance Industries (RIL) garnered investment from 663 funds, valued at Rs 1.86 lakh crore. Additionally, Axis Bank, Infosys, and L&T were among the nine most popular holdings for these institutional investors.
