Top 10 Stocks held by Mutual Funds in India

Top 10 Stocks held by Mutual Fund Schemes now-minTop 10 Stocks held by Mutual Funds


Mutual Fund schemes provide 12% to 15% annualized returns in the long term. However, if you invest in stocks, you may or may not get such consistent returns. What stocks, mutual fund companies are buying? Which are the top 10 stocks held by mutual fund schemes in the recent quarter? What do the BUY / SELL signals of such stocks indicate with the investment strategy of mutual fund managers? This analysis would help you check the top-10 best stocks to buy in 2016-2017, whether to buy or sell.

Also Read: Best Stocks to invest based on Warren Buffet Principles

How we filtered Top 10 Stocks held by mutual fund schemes?


Top stocks that are held by all mutual fund schemes by their assets are ranked from top to bottom.

Top stocks that are held by mutual fund schemes in recent quarter is one of the main criteria.

Top 10 Stocks held by Mutual Funds


1) HDFC Bank – CMP – Rs 1,275


HDFC Bank is second largest private sector bank India.

In last Qtr, 512 mutual fund schemes purchased this stock.

In last Qtr, 230 mutual fund schemes sold this stock in the open market.

In last Qtr, 12 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 29,023 Crores.

Buy / Sell Signal: 70% of the mutual fund schemes have bought this stock while 30% of the schemes have sold. Sentiment is on the positive side. You can buy such stocks during market corrections in the coming weeks / months.

2) ICICI Bank – CMP – Rs 277


ICICI Bank is the largest private sector bank India.

In last Qtr, 499 mutual fund schemes purchased this stock.

In last Qtr, 207 mutual fund schemes sold this stock in the open market.

In last Qtr, 11 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 16,113 Crores.

Buy / Sell Signal: 70% of the mutual fund schemes have bought this stock while 30% of the schemes have sold, which indicates STRONG BUY. You can buy such stocks during market corrections in the coming weeks / months.

3) Infosys – CMP – Rs 922


Infy is second largest Information Technology company in India.

In last Qtr, 350 mutual fund schemes purchased this stock.

In last Qtr, 309 mutual fund schemes sold this stock in the open market.

In last Qtr, 12 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 15,600 Crores.

Buy / Sell Signal: There is mixed reaction in Mutual fund managers. While 53% mutual fund schemes have purchased this stock, 47% have sold this stock last quarter. We are expecting an Indian IT slowdown after Triump selection as President of US. Hence, one should stay away from such stocks as of now.

4) State Bank of India – CMP – Rs 273


SBI is largest public sector bank India.

In last Qtr, 425 mutual fund schemes purchased this stock.

In last Qtr, 147 mutual fund schemes sold this stock in the open market.

In last Qtr, 17 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 13,700 Crores.

Buy / Sell Signal: 74% of the top mutual fund schemes have bought this stock while 26% of the schemes have sold in the last quarter which indicates Strong Buy. You can buy such stocks during market corrections in the coming weeks / months.

5) Larsen & Toubro – CMP – Rs 1,390


L&T is one of the largest Infrastructure company in India.

In last Qtr, 341 mutual fund schemes purchased this stock.

In last Qtr, 278 mutual fund schemes sold this stock in the open market.

In last Qtr, 14 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 11,850 Crores.

Buy / Sell Signal: 55% of the mutual fund schemes have bought this stock while 45% of the schemes have sold. Its mixed reaction.  Not that attractive stock in current scenario.

6) Maruti Suzuki – CMP – Rs 5,134


Maruti Suzuki is the largest automobile company in India.

In last Qtr, 336 mutual fund schemes purchased this stock.

In last Qtr, 238 mutual fund schemes sold this stock in the open market.

In last Qtr, 20 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 9,700 Crores.

Buy / Sell Signal: 59% of the mutual fund schemes have bought this stock while 41% of the schemes have sold in the last quarter, which indicates BUY signal. Its mixed reaction. If such companies are available at the lowest prices during a market correction, one can buy them.

7) Reliance Industries – CMP – Rs 1,000


Reliance Industries is one of the largest refinery companies in India with exposure to other sectors too.

In last Qtr, 272 mutual fund schemes purchased this stock.

In last Qtr, 241 mutual fund schemes sold this stock in the open market.

In last Qtr, 6 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 9,100 Crores.

Buy / Sell Signal: 53% of the mutual fund schemes have bought this stock while 47% of the schemes have sold. Its mixed reaction. We can avoid such stocks. If you already invested, you can stay invested for some more time before you get out of it.

8) Axis Bank – CMP – Rs 498


Axis Bank is one of the leading private sector banks in India

In last Qtr, 211 mutual fund schemes purchased this stock.

In last Qtr, 427 mutual fund schemes sold this stock in the open market.

In last Qtr, 9 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 7,800 Crores.

Buy / Sell Signal: Only 33% of the mutual fund schemes have bought this stock while 67% of the schemes have sold in the previous quarter. Sentiment is negative. Investors should stay away from such stocks as of now.

9) IndusInd Bank – CMP – Rs 1,192


IndusInd is one of the leading banks in India.

In last Qtr, 337 mutual fund schemes purchased this stock.

In last Qtr, 164 mutual fund schemes sold this stock in the open market.

In last Qtr, 10 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 7,700 Crores.

Buy / Sell Signal: 67% of the mutual fund schemes have bought this stock while 33% of the schemes have sold, which indicates STRONG BUY. You can buy such stocks during market corrections in the coming weeks / months.

Also Read: Top 10 Mutual Funds to invest by new investors

10) ITC Ltd – CMP – Rs 243


ITC Ltd is the largest FMCG company in India.

In last Qtr, 363 mutual fund schemes purchased this stock.

In last Qtr, 162 mutual fund schemes sold this stock in the open market.

In last Qtr, 1 mutual fund schemes have retained this stock compared to previous Qtr.

Total mutual fund schemes that are holding this stock is Rs 7,320 Crores.

Buy / Sell Signal: 69% of the mutual fund schemes have bought this stock while 31% of the schemes have sold, which indicates STRONG BUY. If such companies are available at the lowest prices during a market correction, one can buy them.

Conclusion: Mutual fund experts keep identifying top stocks based on companies performance and availability at lower share prices. While these trigger buy / sell signals, you should be able to intelligently identify when to enter such stocks and when to exit. Instead of holding 100 stocks, hold top 10 stocks which are potential to grow where mutual fund experts are investing. This way, you would take less risk.

PS: Thanks to Rajkumar, Akshay and Ramachandra G who pointed out few word errors which I corrected now.

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Suresh

Top 10 Stocks held by Mutual Funds in India

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