Blue Chip stocks are the shares of very large and well-known companies with a long history of sound financial performance. These companies tend to endure tough market conditions and give high returns.
Here are a few blue chip stocks with high mutual fund holdings:
ICICI Bank
ICICI Bank is among India’s largest private-sector banks. It offers a diversified portfolio of financial products and services to retail, SME and corporate customers with its extensive network of branches, ATMs and other touch-points.
Mutual funds hold a 29.22 percent stake in the banking company. ICICI Bank is a blue chip stock with a market capitalization of ₹ 6,69,382 crores and its shares were trading at ₹ 950.65 apiece at 12:17 PM on Thursday.
NTPC
NTPC (National Thermal Power Corporation) generates and sells bulk power to State power utilities. Its other businesses include consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining.
Mutual funds hold a 20.10 percent stake in the power company. NTPC is a blue chip stock with a market capitalization of ₹ 2,10,854 crores and its shares were trading at ₹ 215.90 apiece on Thursday.
Bharat Electronics
The company was established to meet the specialised electronic equipment requirements of the Indian Defence Services.
Mutual funds hold a 19.33 percent stake in the company. Bharat Electronics is a blue chip stock with a market capitalization of ₹ 95,977 crores and its shares were trading at ₹ 129.60 apiece on Thursday.
Infosys
Infosys is one of the largest IT companies in India. It provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformations.
Mutual funds hold an 18.63 percent stake in the company. Infosys is a blue chip stock with a market capitalization of ₹ 5,87,062 crores and its shares were trading at ₹ 1413.95 apiece on Thursday.
Larsen & Toubro
Larsen & Toubro is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in sectors such as infrastructure,
hydrocarbon, power, process industries and defence, information technology and financial services in domestic and international markets.
Mutual funds hold a 17.46 percent stake in the company. Larsen & Toubro is a blue chip stock with a market capitalization of ₹ 3,78,267 crores and its shares were trading at ₹ 2651.60 apiece on Thursday.
Written by Simran Bafna
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