Mutual fund holdings hit another high: These are the top stocks in AMC portfolios
HDFC Bank, ICICI Bank and Reliance Industries were among the biggest stock holdings of the top mutual funds. Overall, mutual funds had exposure to the tune of Rs 2.20 lakh crore in HDFC Bank, followed by ICICI Bank at Rs 1.84 lakh crore and Reliance Industries at Rs 1.47 lakh crore.
In value terms, mutual fund holdings stood at Rs 33.96 lakh crore.
Indian mutual funds continued to remain bullish on Indian equities as the share of asset management companies (AMCs) in listed firms rose to a fresh all-time high of 8.92 percent as of March 31 from 8.81 percent in December 2023. Data shows that banking stocks continued to be biggest holding of the top mutual funds.
During the January-March period, the rise in mutual fund holdings was powered by strong net inflows of Rs 81,539 crore, as per data
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