MFs betting high on infrastructure stocks: Crisil
Most top-ranked mutual fund schemes saw infrastructure sector investments as their key gainers in Q2, according to a report by Crisil. How to freeze on property rates?
By PTI |
NEW DELHI: Leading mutual funds are increasing their exposure to infrastructure sector stocks, which in turn have emerged as the key gainers for the fund houses in the latest quarter, leading rating agency Crisil said on Wednesday.
The mutual fund industry's asset under management (AUM) touched Rs 4.8 trillion as on September 30, with the weightage of infrastructure sector equities in the top-ranked schemes increasing substantially from the previous quarter, according to Crisil Fund Services, a unit of Standard & Poor's India subsidiary Crisil.
"Most top-ranked equity mutual fund schemes saw infrastructure sector investments as their key gainers for the quarter under review," Crisil's Fund Services and Fixed Income Research head Krishnan Sitaraman said.
In the Large Cap equity category, DSP Merrill Lynch Top 100 Equity Fund gained substantially from its holdings in Jaiprakash Associates and and Tata Steel which saw a 47 per cent and 42 per cent increase respectively in their market value during the quarter, which gained
Sundaram BNP Paribas Growth Fund gained from its holdings in Reliance Energy (96 per cent increase in scrip value), and Steel Authority of India Ltd (58 per cent). Sundaram BNP Paribas Select Focus gained from Lanco Infratech (up by almost 69 per cent) and SAIL, Crisil said in a statement.
The mutual fund industry's asset under management (AUM) touched Rs 4.8 trillion as on September 30, with the weightage of infrastructure sector equities in the top-ranked schemes increasing substantially from the previous quarter, according to Crisil Fund Services, a unit of Standard & Poor's India subsidiary Crisil.
"Most top-ranked equity mutual fund schemes saw infrastructure sector investments as their key gainers for the quarter under review," Crisil's Fund Services and Fixed Income Research head Krishnan Sitaraman said.
In the Large Cap equity category, DSP Merrill Lynch Top 100 Equity Fund gained substantially from its holdings in Jaiprakash Associates and and Tata Steel which saw a 47 per cent and 42 per cent increase respectively in their market value during the quarter, which gained
Sundaram BNP Paribas Growth Fund gained from its holdings in Reliance Energy (96 per cent increase in scrip value), and Steel Authority of India Ltd (58 per cent). Sundaram BNP Paribas Select Focus gained from Lanco Infratech (up by almost 69 per cent) and SAIL, Crisil said in a statement.
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