11 Oct Rs. 2 Lac Crores of Mutual Funds Riding on 20 Blue Chips: Do you Own Them?
Investors who are not being able to generate Alpha for their Portfolios but still want to Invest in Equities cannot ignore this list of to 20 Stocks, which are part of over 7000 different Mutual Funds Schemes aggregating up to Rs. 186,703 Crores in value. Mutual Fund Houses have been gung-ho on these Blue-Chips which include HDFC Bank, ICICI Bank, Reliance Industries, UltraTech Cements, Tata Consultancy Services (TCS), Lupin, HDFC and Cipla, according to Data collated by ETMarkets.com.
Domestic Mutual Funds have Invested more than Rs. 13000 Crores in the Equity Market during the Quarter that ended in September, and which shows that Retail Investor confidence in Equities is steadily on the rise.
Mutual Funds have Invested over Rs. 13,500 Crores in the first 9 months of the year thanks mainly to Retail Investors. This is on top of over Rs. 70,000 Crores already Invested in the whole of 2015, and around Rs, 24000 Crores in 2014.
HDFC Bank is a prominent Stock in 586 Mutual Fund Schemes. The Total Asset of Mutual Fund Schemes riding on this Private Sector Lender is close to Rs. 31o00 Crores. Similarly, ICICI Bank is a prominent Stock in as many as 532 Mutual Fund Schemes, while Infosys, ITC and Sun Pharma are part of Key Holdings in 485, 414 and 339 Schemes.
Large Inflows from Systematic Investment Plans (SIPs) are driving Asset Growth in Mutual Funds, so say Experts. SIP is an Investment Vehicle that allows Investors to Invest in small amounts periodically, instead of a lump sum.
“We are experiencing a big qualitative shift amongst Investors in the last 6-8 months. In August, we had a record Inflow to the tune of Rs. 27000 Crores coming into Long Term Mutual Funds”, Dhirendra Kumar, CEO, Value Research said in an interview with ETimes Now.
“By Long Term, I mean Equity Funds, Tax Saving Funds and Balanced Funds. These are bulk of the funds in which money comes in by way of SIPs, which I think is great news”, he said. Following large inflows in SIP and retail interest in Domestic Equity Markets, Investment in India Mutual Fund Schemes have hit a record high.
The Average Assets under Management (AUM) of India’s Mutual Fund Industry hit a historic high of Rs. 16.11 Lac Crores (excluding Fund or Funds) during the July-September Quarter, Crisil Research said, citing Data from Association of Mutual Funds in India (AMFI).
Equity Funds scaled a new high by crossing Rs. 5 Lac Crores mark to close at Rs. 5.37 Lac Crores led by a strong mix of Inflows and Mark to Market (MTM) Gains for the Quarter ended September 2016.
Assets of this category of funds rose by 13.44%, or Rs. 63,658 Crores (Record in Absolute Terms) during the Quarter. The category reported Rs. 15,026 Crores Inflow during July-August 2016 vis-à-vis Rs. 14,973 Crores during the previous Quarter, while the underlaying Asset Class (represented by Nifty50) gained 3.90% in the Quarter.
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