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Home > Business > Interviews


The Rediff Interview/

Top 20 stocks that mutual funds hold

August 24, 2006

Reliance Industries, Grasim, and ITC were the top held stocks by mutual funds in terms of value in July, together accounting for 10 per cent of the total equity investments by mutual funds.

SBI, Crompton Greaves, and Zee moved higher on the top 20 list, while Hindalco slipped from the 14th to the 19th position. Meanwhile, among the fund house favourites, Infosys replaced Reliance Industries.

Top stocks held by MFs
in July

Stock

Value (in Rs crore)

Reliance3007.45
Grasim1911.98
ITC1818.29
ONGC1770.39
SBI1711.80
BHEL1529.92
Satyam Computer1423.43
Tata Motors1390.13
Bharti Airtel1288.14
Crompton Greaves1250.07
Jaiprakash Assc1128.68
Hindustan Lever986.60
Maruti Udyog985.23
Infosys886.62
Zee Telefilms882.48
Reliance Commn851.26
L&T814.39
ACC769.58
Hindalco769.45
M&M712.29

A Moneycontrol.com study of open-ended equity portfolios reveals that engineering, and auto stocks dominated MF's top held stocks list with three stocks each figuring among the top 20. Engineering pivotal BHEL slipped one step to the 6th slot, Crompton Greaves moved higher by two ranks to the 10th position, while L&T retained its 17th rank.

In the auto pack, Tata Motors skid two steps to the 8th position, while Maruti and M&M retained their position at the 13th and 20th position.

Software, oil and gas, FMCG, banking and telecom followed next with two stocks each in the top 20. Software pivotals Satyam and Infosys moved one step higher to 7th and 14th place.

Oil and gas majors Reliance and ONGC retained their positions at the top and 4th slot respectively. In the banking pack, ICICI Bank was the new entrant, while SBI moved higher from 7th to 5th position.

FMCG heavyweights ITC, and Hindustan Lever moved one step lower to 3rd and 12th place. Telecom stocks Bharti Airtel and Reliance Communications retained their positions at the 9th and 16th slot respectively.

One stock each from the construction, metals, and media space were seen in the top 20 list, while pharma stocks were missing. Conglomerate Grasim was also spotted in the list.

Among the fund house favourites, Infosys replaced Reliance Industries. Infosys was the top held stock by five MFs -- HSBC, ING Vysya, Principal, Chola, and Deutsche. Meanwhile, Reliance Industries which was the favourite stock with nine MFs in June, was the top held stock with only four funds in July -- Pru ICICI, Reliance, DSP ML, and Standard Chartered.

BHEL also shared the second place being the most favourite stock with Tata, JM, Sahara, and Taurus. Meanwhile, Bharti Airtel, ITC, and Jaiprakash Associates were the favourites with two MFs each.

 

June

July

Mutual Fund

Stock

Value (in cr)

 Stock

Value (in cr)

ABN AMROReliance Ind36.61 India Cements44.86
BirlaBharti Airtel121.95 Bharti Airtel127.25
CanbankEsab India14.19 BHEL14.64
CholaInfosys13.22 Infosys11.81
DeutscheInfosys11.69 Infosys12.57
DSP MLReliance Ind175.40 Reliance Ind131.19
EscortReliance Ind3.08 ACC2.79
HDFCITC576.18 ITC527.09
HSBCReliance Ind188.01 Infosys176.53
ING VysyaInfosys21.31 Infosys18.23
JMBHEL8.86 BHEL7.88
KotakM&M58.78 ITC51.12
PRINCIPALInfosys74.54 Infosys80.97
Pru ICICIReliance Ind279.61 Reliance Ind353.01
QuantumBajaj Auto1.05 Bajaj Auto1.05
RelianceReliance Ind713.09 Reliance Ind658.61
SaharaBHEL3.10 BHEL3.35
SBIReliance Ind251.31 Crompton Greaves231.11
StanChartReliance Ind64.46 Reliance Ind54.08
SundaramL&T70.82 Jaiprakash Assc71.28
TataBHEL78.83 BHEL81.81
TaurusJaiprakash Assc46.09 Jaiprakash Assc41.84
TempletonGrasim485.51  Grasim520.69
UTIReliance Ind608.95 Bharti Airtel545.06

For more on mutual fund investments, log on to www.moneycontrol.com.



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