RIL, ICICI Bank continue to be top picks of MFs in Jan '10

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Reliance Industries, ICICI Bank and Infosys Technologies continued to be the top held stocks by mutual funds (MFs) in January, 2010. Oil and Natural Gas Corporation, Bharat Heavy Electricals, Crompton Greaves, Axis Bank, HDFC Bank, GAIL India and Tata Steel moved higher on the favourite stocks list while SBI, TCS, ITC, HDFC, Sterlite Industries, NTPC, Tata Power slipped. Larsen and Toubro and Bharti Airtel held same position. Bank Of Baroda entered the favorite top 20 stocks list.

Moneycontrol study of the equity portfolios of 36 mutual funds for the month of January, 2010 revealed that bank, oil & gas, capital goods, IT, metal, power were fund houses' favourites while buying interest in FMCG and Telecom was negligible.

Top stocks held by MFs in Jan '10
Company Name	Value (Rs cr)
Reliance	7543.07
ICICI Bank	6607.61
Infosys Tech	5308.63
ONGC	5034.62
SBI	5012.78
L&T	3533.20
Bharti Airtel	3358.37
BHEL	3233.73
TCS	3144.97
Crompton Greaves	2786.24
ITC	2745.65
Axis Bank	2467.78
HDFC Bank	2424.50
HDFC	2397.15
Sterlite Ind	2151.03
GAIL India	2123.76
NTPC	2115.25
Tata Power	2091.39
Tata Steel	1830.55
Bank Of Baroda	1794.16

Banking stocks occupied MFs top held stocks list. ICICI Bank held the same second position in favourite top 20 stocks list. Axis Bank and HDFC Bank moved up to 12th and 13th position from 16th and 15th position respectively. SBI and HDFC slipped to fifth and 14th position from fourth and 12th place respectively. Bank Of Baroda was newly added in favourite top 20 stocks list.

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. ONGC and GAIL India moved higher to fourth and 16th place from fifth and 18th place. In the Capital goods sector, L&T remained at same sixth spot. Bharat Heavy Electricals and Crompton Greaves moved higher to eight and 10th position.

In the IT pack, Infosys Technologies held same fourth position. However, Tata Consultancy Services slipped to ninth position from eight.

The list of top 20 stocks showed buying in select Metal, Power, FMCG, and Telecom stocks as MFs bought Sterlite Industries, Tata Steel, NTPC, Tata Power Company, ITC and Bharti Airtel.

Reliance Industries (RIL) was the top held stock by 16 out of the 36 MFs in January, 2010. In the month of December, RIL was top held stock by 17 out of 34 MFs.

Infosys Technologies and ICICI Bank, the next top favourite stocks were held by four MFs each. DWS, JPmorgan, Morgan and Shinsei top bought was Infosys Technologies. Edelcap, Fortis, HDFC and Reliance top favourite was ICICI Bank.

 

MF	January		December
	Stock	Value (in cr)	Stock	Value   (in cr)
AIG	Jindal Steel & Power	50.52	Jindal Steel & Power	54.56
Axis	ITC	42.68	ITC	0.00
Benchmark	RIL	76.52	RIL	75.44
Bharti AXA	RIL	9.21	RIL	6.93
Birla	RIL	372.88	RIL	366.37
BOB	RIL	7.35	RIL	7.28
Canara	HDFC Bank	44.16	Bharti Airtel	46.99
Chola	RIL	11.57	RIL	9.80
DSP	RIL	640.21	RIL	499.12
DWS	Infosys	40.72	Infosys	34.81
Edelcap	ICICI Bank	0.98	ICICI Bank	0.00
Escort	Zee News	3.56	Balrampur Chini	1.60
Fortis	ICICI Bank	15.57	ICICI Bank	15.39
HDFC	ICICI Bank	1340.13	SBI	1450.46
HSBC	BHEL	131.44	RIL	145.59
ICICI	RIL	1117.61	RIL	1090.23
IDFC	RIL	134.71	RIL	127.90
Ing	RIL	20.56	RIL	21.92
JM	Reliance Ind Infra	78.61	Reliance Ind Infra	82.64
JPmorgan	Infosys	51.63	Infosys	58.76
Kotak	RIL	124.54	RIL	123.82
LIC	RIL	92.71	RIL	107.25
Mirae	RIL	11.88	RIL	12.39
Morgan	Infosys	166.05	HDFC Bank	186.72
Principal	RIL	100.68	RIL	98.49
Quantum	TCS	3.07	TCS	3.13
Reliance	ICICI Bank	1371.71	SBI	1424.20
Religare	BHEL	31.09	ONGC	33.81
Sahara	SBI	1.77	SBI	1.48
SBI	RIL	818.54	RIL	844.15
Shinsei	Infosys	1.26	Infosys	1.33
Sundaram	Aban Offshore	346.50	Aban Offshore	330.67
Tata	RIL	187.35	RIL	181.15
Taurus	Exide Industries	10.41	Exide Industries	11.06
Templeton	Bharti Airtel	709.89	Infosys	721.06
UTI	RIL	1257.90	RIL	1279.32