RIL, HDFC Bank, ITC among JioBlackRock Mutual Fund's top 10 stock holdings in May
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Portfolio disclosed
JioBlackRock Mutual Fund, a new entrant in the mutual fund industry, had a total AUM of Rs 17,044 crore in May. Here are the top 10 stock holdings of the MF, according to the monthly data by Prime Database.
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Top two holdings - bank stocks
The fund house had the highest holding in two bank stocks - HDFC Bank and ICICI Bank of around 6.62% and 5.36% respectively as a percentage of equity AUM. The fund house had 41.78 lakh shares of HDFC Bank and 20.04 lakh shares of ICICI Bank in its portfolio.
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Bharti Airtel
The fund house had an allocation of 3.77% in Bharti Airtel in May. It had 9.69 lakh shares of this stock worth the market value of Rs 177.25 crore
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Reliance Industries
The fund house had a holding of 3.50% in Reliance Industries in May, worth a market value of Rs 164.19 crore. The fund house had 12.42 lakh shares of this stock.
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State Bank of India
JioBlackRock MF had an allocation of 2.47% in SBI during the said time period. It had 12.02 lakh shares worth Rs 116.01 crore.
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Larsen & Toubro
The fund house had an allocation of 2.42% in Larsen & Toubro in the same time period. It had 2.78 lakh shares of this stock worth Rs 113.46 crore market value in its portfolio.
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Infosys
The fund house had an allocation of 2.26% in Infosys in the same time period. It had 9.12 lakh shares of this stock worth Rs 105.91 crore market value in its portfolio.
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Mahindra & Mahindra
The fund house had an allocation of 2.10% in M&M in the same time period. It had 3.23 lakh shares of this stock worth Rs 98.68 crore market value in its portfolio.
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TCS and ITC
JioBlackRock had a holding of 1.66% and 1.39% in TCS and ITC, respectively. It had 3.46 lakh shares of TCS and 22.80 lakh shares of ITC in its portfolio.