Data shows that mutual funds scooped up shares of several blue chip stocks. Investors closely follow the investments that mutual funds and other domestic and foreign institutions make as they can steer the markets to the green or to the red. While it is good to keep an eye on the flow of institutional money, it is also important to do one’s own research before investing in companies:
Here are a few blue chip stocks in which mutual funds dialled up their stake consistently:
Infosys Ltd
With a market capitalization of ₹ 5,15,558 crores, Infosys is a large-cap blue chip company engaged in the businesses of consulting, technology, outsourcing and next-generation digital services.
Mutual Funds have consistently increased their stake in the company every quarter starting from 13.49% in March 2022, 14.98% in June 2022, 17.59% in September 2022, 17.71% in December 2022 and 18.28% in March 2023. The company’s shares closed at ₹ 1268.90 apiece on Friday.
Reliance Industries Ltd
With a market capitalization of ₹ 16,46,779 crores, Reliance Industries is a large-cap blue-chip conglomerate engaged in the oil-to-chemicals, oil-to-gas, retail, digital services and financial services segments.
Mutual Funds have consistently increased their stake in the company every quarter starting from 5.19% in March 2022, 5.64% in June 2022, 5.68% in September 2022, 5.81% in December 2022 and 6.34% in March 2023. The company’s shares closed at ₹ 2441.95 apiece on Friday.
NTPC Ltd
With a market capitalization of ₹ 1,69,789 crores, NTPC is a large-cap blue-chip PSU engaged in the generation and sale of electricity. Its other businesses include providing consultancy, project management and supervision, regasification, oil and gas exploration and coal mining.
Mutual Funds have consistently increased their stake in the company every quarter starting from 17.73% in March 2022,18.05% in June 2022, 18.34% in September 2022, 18.91% in December 2022 and 19.92% in March 2023. The company’s shares closed at ₹ 173.30 apiece on Friday.
Maruti Suzuki India Ltd
With a market capitalization of ₹ 2,73,410 crores, Maruti Suzuki India is a large-cap blue-chip company engaged in the manufacturing, purchasing and sale of motor vehicles,
components and spare parts. It produces its products mainly through three channels Nexa, Arena and Commercial.
Mutual Funds have consistently increased their stake in the company every quarter starting from 8.22% in March 2022, 9.37% in June 2022, 10.59% in September 2022, 11.57% in December 2022 and 11.65% in March 2023. The company’s shares closed at ₹ 9105.95 apiece on Friday.
Written by Simran Bafna
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