RIL, ICICI Bank continue to be top picks of MFs in Dec '09

Reliance Industries and ICICI Bank continued to be the top held stocks by mutual funds (MFs) in December, 2009. Infosys Technologies, Bharat Heavy Electricals, NTPC and Sterlite Industries moved higher on the favourite stocks list while State Bank of India, ONGC, ITC, HDFC, Axis Bank, HDFC Bank, Tata Power and Jindal Steel & Power slipped. Larsen and Toubro, Tata Consultancy Services, Bharti Airtel, Crompton Greaves and GAIL India held same position. Tata Steel entered the favorite top 20 stocks list.

Company Name	(Dec-09) Rs Cr
RIL	7358.12
ICICI Bank	6357.38
Infosys	5733.79
SBI	5419.70
ONGC	5160.45
L&T	3936.68
TCS	3413.96
Bharti Airtel	3387.31
BHEL	3182.85
ITC	2834.36
Crompton Greaves	2771.49
NTPC	2605.91
HDFC	2482.21
Sterlite Ind	2320.66
Axis Bank	2271.64
HDFC Bank	2271.18
Tata Power	2137.87
GAIL India	2061.42
Tata Steel	2041.90
Jindal Steel & Power	1768.99

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

Banking stocks occupied MFs top held stocks list. ICICI Bank held the same position in favourite top 20 stocks list. SBI, HDFC, Axis Bank and HDFC Bank slipped down to fourth, 13th, 15th and 16th positions from third, 12th, 14th, 13th position respectively.

Oil & gas and Capital goods stocks followed next with three stocks each figuring among the top 20. Reliance Industries continued to be the favourite stock. GAIL India held same 18th position while ONGC slipped to fifth position from fourth. In the Capital goods sector, L&T and Crompton Greaves remained at same sixth and 11th spot.

In the power pack, NTPC moved higher to 12th from 17th position. However, Tata Power and Jindal Steel & Power slid to 17th and 20th slot respectively.

The list of top 20 stocks showed buying in select IT, telecom, FMCG and metal stocks as MFs bought Infosys Technologies, TCS, Sterlite Industries, Tata Steel, Bharti Airtel and ITC.

Reliance Industries (RIL) was the top held stock by 16 out of the 34 MFs in December, 2009. In the month of October, RIL was top held stock by 15 out of 34 MFs.

Infosys Technologies and ICICI Bank, the next top favourite stocks were held by three MFs each. DWS, JPMorgan and Shinsei top bought was Infosys Technologies. Fortis, ING and Reliance top favourite was ICICI Bank.

MF	Dec		Nov
	Stock	Value (in cr)	Stock	Value   (in cr
AMC	Company	Dec-09	Company	Nov-09
AIG	Jindal Steel	54.5615	Jindal Steel	52.1737
Benchmark	RIL	75.4447	SBI	61.7356
Bharti AXA	RIL	6.9307	RIL	6.2393
Birla	RIL	366.3747	RIL	369.7878
BOB	RIL	7.2789	RIL	6.7366
Canbank	Bharti Airtel	46.9912	Bharti Airtel	52.9082
DBS Chola	RIL	9.797	RIL	10.1922
DSP	RIL	499.1208	RIL	456.3483
DWS	Infosys Tech	34.8129	Infosys Tech	29.5191
Escort	Balrampur Chini	1.6002	Balrampur Chini	1.5924
Fortis	ICICI Bank	15.3914	ICICI Bank	15.2308
HDFC	SBI	1450.4638	SBI	1362.3252
HSBC	RIL	145.5884	RIL	149.9535
ICICI	RIL	1090.2263	RIL	1027.6283
IDFC	RIL	127.902	RIL	122.7571
ING	ICICI Bank	16.2515	ICICI Bank	15.7932
JM	Rel Ind Infra	82.6418	Rel Ind Infra	73.7744
JPMorgan	Infosys Tech	58.757	Infosys Tech	53.6993
Kotak	RIL	123.821	RIL	129.33
LIC	RIL	107.2472	RIL	104.5128
Mirae	RIL	12.3886	RIL	9.9544
Morgan	HDFC Bank	186.7244	HDFC Bank	196.9245
Principal	RIL	98.4855	RIL	100.0469
Quantum	TCS	3.1286	TCS	2.8677
Reliance	ICICI Bank	1371.7071	SBI	1424.1978
Religare	ONGC	33.8096	Infosys Tech	16.0402
Sahara	SBI	1.4792	Yes Bank	1.6924
SBI	RIL	844.1485	RIL	879.491
Shinsei	Infosys Tech	1.3266	HDFC	1.2727
Sundaram	Aban Offshore	330.6728	Shree Renuka	316.957
TATA	RIL	181.1466	RIL	183.8133
Taurus	Jain Irrigation	19.4863	Jain Irrigation	20.4374
Templeton	Infosys Tech	721.0649	Infosys Tech	662.6886
UTI	RIL	1279.3171	RIL	1251.5928