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Top stocks with Funds � RIL, Grasim, ITC

Published on Mon, Aug 21, 2006 at 11:24 | Source : Moneycontrol.com

Updated at Tue, Aug 22, 2006 at 12:02

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Reliance Industries, Grasim, and ITC were the top held stocks by mutual funds in terms of value in July, together accounting for 10% of the total equity investments by mutual funds. SBI, Crompton Greaves, and Zee moved higher on the top 20 list, while Hindalco slipped from the 14th to the 19th position. Meanwhile, among the fund house favourites, Infosys replaced Reliance Industries. (Check out - Fund Managers' favourite stocks)

Top stocks held by MFs in July
Stock	Value (Rs cr)
Reliance	3007.45
Grasim	1911.98
ITC	1818.29
ONGC	1770.39
SBI	1711.80
BHEL	1529.92
Satyam Computer	1423.43
Tata Motors	1390.13
Bharti Airtel	1288.14
Crompton Greaves	1250.07
Jaiprakash Assc	1128.68
Hindustan Lever	986.60
Maruti Udyog	985.23
Infosys	886.62
Zee Telefilms	882.48
Reliance Commn	851.26
L&T	814.39
ACC	769.58
Hindalco	769.45
M&M	712.29

Moneycontrol study of open-ended equity portfolios reveals that engineering, and auto stocks dominated MF's top held stocks list with three stocks each figuring among the top 20. Engineering pivotal BHEL slipped one step to the 6th slot, Crompton Greaves moved higher by two ranks to the 10th position, while L&T retained its 17th rank. In the auto pack, Tata Motors skid two steps to the 8th position, while Maruti and M&M retained their position at the 13th and 20th position.

Software, oil and gas, FMCG, banking and telecom followed next with two stocks each in the top 20. Software pivotals Satyam and Infosys moved one step higher to 7th and 14th place. Oil and gas majors Reliance and ONGC retained their positions at the top and 4th slot respectively. In the banking pack, ICICI Bank was the new entrant, while SBI moved higher from 7th to 5th position. FMCG heavyweights ITC, and Hindustan Lever moved one step lower to 3rd and 12th place. Telecom stocks Bharti Airtel and Reliance Communications retained their positions at the 9th and 16th slot respectively.

One stock each from the construction, metals, and media space were seen in the top 20 list, while pharma stocks were missing. Conglomerate Grasim was also spotted in the list. (Check out - Are Fund Managers betting on your stocks?)

Among the fund house favourites, Infosys replaced Reliance Industries. Infosys was the top held stock by five MFs - HSBC, ING Vysya, Principal, Chola, and Deutsche. Meanwhile, Reliance Industries which was the favourite stock with nine MFs in June, was the top held stock with only four funds in July - Pru ICICI, Reliance, DSP ML, and Standard Chartered. BHEL also shared the second place being the most favourite stock with Tata, JM, Sahara, and Taurus. Meanwhile, Bharti Airtel, ITC, and Jaiprakash Associates were the favourites with two MFs each.

	June		July
Mutual Fund	Stock	Value (in cr)	Stock	Value (in cr)
ABN AMRO	Reliance Ind	36.61	India Cements	44.86
Birla	Bharti Airtel	121.95	Bharti Airtel	127.25
Canbank	Esab India	14.19	BHEL	14.64
Chola	Infosys	13.22	Infosys	11.81
Deutsche	Infosys	11.69	Infosys	12.57
DSP ML	Reliance Ind	175.40	Reliance Ind	131.19
Escort	Reliance Ind	3.08	ACC	2.79
HDFC	ITC	576.18	ITC	527.09
HSBC	Reliance Ind	188.01	Infosys	176.53
ING Vysya	Infosys	21.31	Infosys	18.23
JM	BHEL	8.86	BHEL	7.88
Kotak	M&M	58.78	ITC	51.12
PRINCIPAL	Infosys	74.54	Infosys	80.97
Pru ICICI	Reliance Ind	279.61	Reliance Ind	353.01
Quantum	Bajaj Auto	1.05	Bajaj Auto	1.05
Reliance	Reliance Ind	713.09	Reliance Ind	658.61
Sahara	BHEL	3.10	BHEL	3.35
SBI	Reliance Ind	251.31	Crompton Greaves	231.11
StanChart	Reliance Ind	64.46	Reliance Ind	54.08
Sundaram	L&T	70.82	Jaiprakash Assc	71.28
Tata	BHEL	78.83	BHEL	81.81
Taurus	Jaiprakash Assc	46.09	Jaiprakash Assc	41.84
Templeton	Grasim	485.51	Grasim	520.69
UTI	Reliance Ind	608.95	Bharti Airtel	545.06