Bharti Airtel, RIL and Infosys among 9 stocks owned by 600 mutual funds in April
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Most picked stocks
Favourite stocks are those based on the maximum holding count by mutual fund schemes for each stock. Here are the top nine stocks owned by over 600 mutual fund schemes in April, according to data by ACE MF.
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Three banking stocks
HDFC Bank was held by 751 funds and mutual funds had 205 crore shares worth Rs 2.60 lakh crore. ICICI Bank was held by 729 funds and mutual funds had 377 crore shares of this stock worth Rs 2.91 lakh crore. SBI was held by 708 funds and mutual funds had 125 crore shares worth Rs 1.34 lakh crore.
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Bharti Airtel
The stock was held by 697 mutual fund schemes. The total market value was Rs 1.39 lakh crore and mutual funds had 74.15 crore shares of Bharti Airtel.
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With over 100 crore shares
RIL was held by 663 funds and the mutual funds had 130 crore shares of this stock worth market value of Rs 1.86 lakh crore. Axis Bank was held by 648 funds and the mutual funds had 102.66 crore shares of this stock worth a market value of Rs 1.29 lakh crore.
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Infosys
The stock was held by 631 mutual fund schemes. The total market value was Rs 1.07 lakh crore and mutual funds had 90.87 crore shares of Infosys.
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L&T
L&T were held by 610 funds. Mutual funds had 28.16 crore shares of L&T in their portfolio worth Rs 1.13 lakh crore.