HDFC Bank, RIL and SBI among 8 stocks owned by 600 mutual funds in May
Favourite stocks are those based on the maximum holding count by mutual fund schemes for each stock. Here are the top eight stocks owned by over 600 mutual fund schemes in May, according to data by ACE MF.
ICICI Bank was held by 761 funds, and mutual funds had 214 crore shares of this stock worth Rs 2.68 lakh crore. HDFC Bank was held by 735 funds, and mutual funds had 388 crore shares worth Rs 2.89 lakh crore. SBI was held by 708 funds, and mutual funds had 121 crore shares worth Rs 1.21 lakh crore.
The stock was held by 706 mutual fund schemes. The total market value was Rs 1.35 lakh crore, and mutual funds had 74 crore shares of Bharti Airtel.
RIL was held by 668 funds, and mutual funds had 135 crore shares of this stock worth a market value of Rs 1.79 lakh crore. Axis Bank was held by 650 funds, and mutual funds had 103 crore shares of this stock worth a market value of Rs 1.33 lakh crore.
The stock was held by 613 mutual fund schemes. The total market value was Rs 1.02 lakh crore, and mutual funds had 90.97 crore shares of Infosys.
L&T was held by 601 funds. Mutual funds had 27.85 crore shares of L&T in their portfolios worth Rs 1.13 lakh crore.
