RIL continues to be top pick of MFs in Aug '09

Reliance Industries continued to be the top held stock by the mutual funds (MFs) in August, 2009. ONGC, ICICI Bank, TCS, HDFC and Sterlite Industries moved higher on the favourite stocks list, while SBI, HDFC Bank, NTPC, ITC, Tata Power, Jaiprakash Associates, Jindal Steel & Power slipped. Maruti Suzuki India, Cairn India and Punj Lloyd entered into the top 20 list but Axis Bank, Reliance Infrastructure and GAIL India moved out of this list.

Top stocks held by MFs in August '09
Company Name	Sum of Aug-09
RIL	6957.23
ONGC	5520.60
ICICI Bank	5266.81
SBI	5151.72
Infosys	4267.77
L&T	3528.53
BHEL	3046.00
TCS	2566.22
Maruti Suzuki	2491.98
HDFC	2417.07
HDFC Bank	2396.57
NTPC	2348.86
ITC	2293.13
Crompton Greaves	2291.16
Sterlite Ind	2286.71
Tata Power	2270.23
Cairn India	1853.06
JP Associates	1807.81
Jindal Steel & Power	1752.20
Punj Lloyd	1739.95

Moneycontrol study of the equity portfolios of 34 mutual funds for the month of September, 2009 revealed that banks, capital goods, oil & gas, power, IT, auto, FMCG, metals and cement stocks were fund houses' favourites while buying interest in pharma and realty stocks was negligible.
 
Banking and Capital Goods stocks occupied MFs top held stocks list. In the banking space, ICICI Bank, HDFC moved up to the 3rd position and 10th postion from the 4th position and 12th position respectively. SBI and HDFC Bank slipped to fourth and 11th positions from second and 12th position respectively.
 
In the capital goods pack, L&T, BHEL and Crompton Greaves held same 6th, 7th and 14th positions respectively. However, Punj Llyod was newly entrant stock.
 
In the oil & gas segment, Reliance Industries continued to be the favourite stock. ONGC moved up one slot to occupy the 2nd position. Cairn India was new introduced in the top 20 list.
 
In the power pack, NTPC, Tata Power and Jindal Steel & Power slipped to the 12th, 16th and 19th positions from the 11th, 13th and 17th positions respectively.
 
The list of top 20 stocks showed buying in select IT, auto, FMCG, metals and cement stocks as MFs bought Infosys, TCS, Maruti Suzuki, ITC, Sterlite Ind and JP Associates.

Reliance Industries, RIL, was the top held stock by 17 out of the 33 MFs in August, 2009. The stock continued to be the favourite with all that 17 MFs over the month of July.

SBI and Bharti Airtel, the next top favourite stocks were held by three MFs each. Canbank, AIG and Templton top bought was Bharti Airtel and Benchmark, Reliance and DSP top bought stock was SBI.

MF	July		August
	Stock	Value (Cr)	Stock	Value (Rs cr)
Canbank	Bharti Airtel	49.89	Bharti Airtel	52.81
AIG	Bharti Airtel	49.93	Bharti Airtel	56.13
Templton	Bharti Airtel	505.82	Bharti Airtel	604.50
Sahara	CESC	0.82	CESC	1.59
Morgan	HDFC Bank	191.54	HDFC Bank	201.15
Quantum	HDFC	2.35	HDFC	2.30
HDFC	ICICI Bank	1171.46	ICICI Bank	1137.06
JP Morgan	Infosys Tech	44.00	Infosys Tech	49.24
JM	IVRCL Infra	66.53	IVRCL Infra	79.23
Taurus	Jain Irrigation	13.40	Jain Irrigation	16.42
Edelwiss	L&T	0.02	L&T	0.63
Escort	Maruti Suzuki	0.14	Maruti Suzuki	1.76
UTI	Maruti Suzuki	187.99	Maruti Suzuki	1425.99
IDFC	RIL	112.32	RIL	115.70
Chola	RIL	11.15	RIL	10.90
HSBC	RIL	189.48	RIL	200.71
LIC	RIL	92.35	RIL	100.35
Principal	RIL	89.18	RIL	94.08
Sundaram	RIL	328.41	RIL	300.57
BOB	RIL	4.36	RIL	30.47
ING	RIL	21.17	RIL	22.17
Religare	RIL	17.12	RIL	17.33
Fortis	RIL	20.24	RIL	18.99
Deutsche	RIL	31.95	RIL	33.68
Bharti	RIL	5.09	RIL	6.38
Pru ICICI	RIL	845.19	RIL	887.56
SBI	RIL	902.45	RIL	849.65
Birla	RIL	343.94	RIL	372.12
Kotak	RIL	127.81	RIL	143.09
Tata	RIL	102.30	RIL	153.83
Benchmark	SBI	63.59	SBI	59.02
Reliance	SBI	1458.47	SBI	1328.07
DSP	SBI	442.32	SBI	411.30