J.P. Morgan Asset Management handles different funds, including Large growth funds that focus on big market companies with lasting advantages and high price momentum.
They also explore other investment options like multi-alternative strategies, private infrastructure, private equity, and commercial real estate. In total, they manage $2.9 trillion in assets for individuals, families, companies, and communities.
JP Morgan Funds publicly owns 6 Indian stocks valued at more than ₹2,080.3 crores, according to corporate shareholdings filed on December 31, 2023.
Here are the top 3 stocks in which JP Morgan Funds holds up to a 2.53percent stake
Computer Age Management Services Ltd
On Friday,Computer Age Management Services Ltd. shares were trading at ₹3,100 per share, up 1.06 percent from the previous close price on the stock exchange. The company has a market capitalization of ₹15,234 crore.
As of Q3 FY24, JP Morgan Fund holds a 1.38 percent stake out of the 47.69 percent held by foreign institutional investors. Retail investors hold 29.26 percent, and domestic institutional investors hold 23.07 percent.
Computer Age Management Services shares have gained 32 percent in the last six months and 39 percent in a year.
Computer Age Management Services Ltd. (CAMS) is a financial infrastructure and services provider that offers a mutual fund transfer agency, a registrar, a KYC registration agency, and other services. The company also offers online transactions, mail-back, capital accounting, and investment services.
CAMS is India’s largest mutual fund registration and transfer agency (RTA), with a market share of around 69% based on mutual fund average assets under management (AAUM). And 40% market share in the insurance repository business, with around 5.5 million policies held.
Team Lease Services Ltd
Team Lease Services Ltd shares were trading at ₹3,013 per share, up 0.91 percent from the previous close price on the stock exchange. The company has a market capitalization of ₹5,052 crore.
As of Q3 FY24, JP Morgan Fund holds a 1.38 percent stake out of the 26.26 percent held by foreign institutional investors. The promoter holds a 31.61 percent stake, and domestic institutional investors hold 35.33 percent.
Team Lease Services shares have gained 29 percent in the last six months and 19 percent in a year.
TeamLease Services Pvt. Ltd. is India’s largest and foremost People Supply Chain and HR Services Company. It provides solutions for staffing, recruitment, training, payroll processing, and regulatory compliance.
Metropolis Healthcare Ltd
On Friday, Metropolis Healthcare Ltd. shares were trading at ₹1,620 per share, up 1.12 percent from the previous close price on the stock exchange. The company has a market capitalization of ₹8,298 crore.
As of Q3 FY24, JP Morgan Fund holds a 2.53 percent stake out of the 21.66 percent held by foreign institutional investors. The company’s promoter has 49.74 percent, and domestic institutional investors hold 20.73 percent.
In addition to this, JPMorgan Indian Investment Trust Plc holds a 1.39 percent stake in the company.
Metropolis Healthcare shares have gained 20 percent in the last six months and 23 percent in a year.
Metropolis Healthcare Limited is a well-known Indian diagnostics company. The company has a diagnostic centre network across India, South Asia, Africa, and the Middle East.
Written by Omkar Chitnis
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