Even though investing directly in stocks remains a popular choice among investors, Mutual Funds are gaining traction in the Indian stock market. A fund house creates a mutual fund that consists of multiple asset classes. The funds help the investor achieve diversity with a consistent return over a period of time.
These fund houses pick stocks after performing a detailed analysis of the fundamentals and sometimes the technicals of the company. Therefore, any stock which has high mutual fund holding is perceived to be financially sound by the investors.
Here are 4 stocks in which the Mutual funds have the highest holdings:
Multi Commodity Exchange of India Limited
The shares of the Multi Commodity Exchange of India were trading marginally lower at Rs 1,395 levels in the early hours of Thursday. In the past six months, the stock has added 10 percent.
The Mutual funds hold a 34.8 percent stake in the company. Parag Parikh Flexi Cap Fund holds the highest 4.98 percent stake followed by Nippon Life India Trustee Ltd-A/C Nippon India Sma and Icici Prudential Small Cap Index Fund which holds 4.73 and 3.87 percent stake respectively.
The Multi Commodity Exchange of India Limited is India’s first listed exchange. It is a commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management.
Greenply Industries Limited
The shares of Greenply Industries were trading higher at Rs 137 levels on Thursday. The stock has declined by 25 percent in the last six months and more than 30 percent on a yearly basis.
The mutual fund houses hold a total of 32.85 percent stake in the company. Mirae Asset Great Consumer Fund holds an 8.77 percent stake while Hdfc Trustee Company Ltd. A/C Hdfc Multi holds 8.56 percent and Tata Mutual Fund – Tata Small Cap Fund has a 4.2 percent stake.
Greenply Industries Limited is amongst the leading plywood manufacturers in India. It offers a wide range of panel products including plywood, block boards, decorative veneers, doors, and film-faced plywood, among others.
Federal Bank Limited
The banking shares were trading 1 percent lower at Rs 130 levels. In the past six months, the stock has increased by 20 percent and in a year it has added 29 percent.
The top three mutual funds that hold a stake in the company are Hdfc Mutual Fund with 4.49 percent followed by Icici Prudential with 4.43 and Kotak Mahindra Trustee Co Ltd with 2.21 percent. Overall the mutual funds hold a 32.80 percent stake.
Federal Bank Limited is an Indian private sector bank that operates mainly in four business segments such as treasury operations, wholesale banking, retail banking, and other banking operations.
KNR Constructions Limited
The shares of KNR Constructions inched up higher and were trading at Rs 266 levels. The stock has been volatile and has shed approximately 15 percent in the past year.
Mutual funds hold a total of 32.54 percent stake in the company. The biggest holder is Dsp Flexi Cap Fund with a 6.6 percent stake followed by Hdfc Trustee Company Ltd – A/C Hdfc Mid – Capopportunities Fund with 6.47 percent and Sbi Small Cap Fund with 2.8 percent.
KNR constructions Limited is a multi-domain infrastructure project development company providing (EPC) engineering, procurement, and construction services across various fast-growing sectors namely roads & highways, irrigation, and urban water infrastructure management.
Written by Anoushka Roy
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