Tata Steel, HDFC Bank and RIL among JioBlackRock MF’s top 10 stock holdings in August

JioBlackRock Mutual Fund had a total AUM of Rs 22,552 crore and managed nearly 16 funds in August, including eight equity funds, two hybrid funds and six debt funds. Here are its top 10 stock holdings, according to monthly data from Prime Database.

The fund house had its highest allocations to two bank stocks, HDFC Bank and ICICI Bank, at around 5.54% and 4.97%, respectively, of equity AUM. The fund house held 41.46 lakh shares of HDFC Bank and 18.14 lakh shares of ICICI Bank in its portfolio.

The fund house had an allocation of 3.36% to Bharti Airtel in August. It held 9.84 lakh shares of the stock, worth Rs 178.34 crore at market value.

The fund house had an allocation of 3.10% to Reliance Industries in August, with a market value of Rs 164 crore. It held 12.90 lakh shares of the company.

The fund house had allocations of 2.66% and 2.04% to SBI and Mahindra & Mahindra, respectively, as a percentage of equity AUM. It held 13.31 lakh shares of SBI and 3.30 lakh shares of M&M in its portfolio.

The fund house had an allocation of 1.82% to L&T in August, with a market value of Rs 96 crore. It held 2.38 lakh shares of the company.

The fund house had an allocation of 1.77% to Tata Steel and held 50.93 lakh shares of the company, worth Rs 936 crore at market value.

The fund house had an allocation of 1.62% to Infosys during the same period. It held 7.58 lakh shares of the stock, worth Rs 85.97 crore at market value.

The fund house had an allocation of 1.52% to LIC during the same period. It held 19.31 lakh shares, worth Rs 80.74 crore at market value.