Jul 23, 2009, 04.29 PM IST | Source: Moneycontrol.com

Funds continue to go for RIL, SBI, ICICI Bk, Bharti

RIL, SBI, ICICI Bk, Bharti Airtel and ONGC continued to be the top held stocks by MFs in June, 2009. Infosys, HDFC, Tata Power and Jindal Steel moved higher on the favourite stocks list, while L&T, ITC, JP Associates, Axis Bank, BoB and Reliance Infra slipped.

Funds continue to go for RIL, SBI, ICICI Bk, Bharti

Reliance Industries, State Bank of India, ICICI Bank, Bharti Airtel and ONGC continued to be the top held stocks by mutual funds (MFs) in June, 2009. Infosys Technologies, HDFC, Tata Power and Jindal Steel & Power moved higher on the favourite stocks list, while L&T, ITC, Jaiprakash Associates, Axis Bank, Bank of Baroda and Reliance Infrastructure slipped. NTPC and Hindustan Unilever entered into the top 20 list but Tata Steel and United Phosphorous moved out of this list.

 

Moneycontrol study of the equity portfolios of 34 mutual funds for the month of June, 2009 revealed that banks, capital goods, power oil & gas, FMCG, IT, cement and metal stocks were fund houses' favourites while buying interest in pharma and realty stocks was negligible.

 

Banking stocks occupied MFs top held stock list. SBI and ICICI Bank continued to be the second and third most favourite stock. HDFC moved up to the 11th position from the 12th position, while Axis Bank and Bank of Baroda slipped to 17th and 18th positions from 14th and 15th position respectively. HDFC held same ninth position in the top 20 list.

 

Capital goods stocks followed next with three stocks figuring among the top 20. BHEL, Crompton Greaves held same eighth and 10th position respectively. However, L&T slipped to 7th position.

 

In the power pack, Tata Power Company moved up to 14th position from 16th while Reliance Infrastructure slipped to 19th position from 17th. NTPC retained its 12th position.

 

In the Oil & gas segment, Reliance Industries continued to be the favourite stock. ONGC also held same position at 5th slot.

 

In the FMCG pack, Hindustan Unilever was the new entrant in the top 20 list while ITC slipped to 13th position from 11th.

 

The list of top 20 stocks showed buying in select IT, cement and metal stocks as MFs bought Infosys Technologies, Jaiprakash Associates and Jindal Steel & Power.

 

Reliance Industries, RIL, was the top held stock by 22 out of the 34 MFs in April, 2009. The stock continued to be the favourite with all that 20 MFs over the month of June.

 

RIL replaced Punj Lloyd and Exide Industries in Taurus and IDFC respectively. However, Bharti Airtel replaced RIL in AIG and DSP.

 

Bharti Airtel was the next top favourite stock held by 3 MFs each. Canbank, AIG and DSP top bought was SBI.

 

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