Mutual funds in India often prefer large, liquid, and fundamentally strong companies across banking, telecom, IT, and diversified sectors. These companies provide growth visibility, stable earnings, and strong governance, making them core holdings for institutional investors. Below are some of the top stocks that mutual funds have heavily invested in.
1. HDFC Bank Ltd
HDFC Bank, incorporated in 1994, is one of India’s largest private sector banks, offering retail banking, wholesale banking, and treasury services. It also provides investment banking, housing loans, and international operations through branches and representative offices in Asia, the Middle East, Europe, and Africa.
The company holds a market cap of Rs. 14,90,184.16 crore and the current market price is Rs. 970. Mutual funds own 329.1 crore shares in the bank, translating to a holding value of Rs. 3,13,124.3 crore.
2. ICICI Bank Ltd
ICICI Bank, established in 1994, is engaged in providing a wide range of banking and financial services. It caters to corporates, MSMEs, and retail customers through offerings such as investment banking, asset management, insurance, and treasury operations, along with a strong international presence across 11 countries.
The company holds a market cap of Rs. 10,03,267.01 crore and the current market price is Rs. 1,404.65. Mutual funds hold 176.2 crore shares of the bank, valued at Rs. 2,46,396.6 crore.
3. Reliance Industries Ltd
Reliance Industries, founded in 1966, began as a polyester company and has expanded into refining, petrochemicals, oil & gas, retail, telecom, and digital services. It is also investing in emerging sectors like renewable energy, advanced materials, and bioenergy, with a footprint in more than 100 countries worldwide.
The company holds a market cap of Rs. 19,06,048.77 crore and the current market price is Rs. 1,408.30. Mutual funds own 128.3 crore shares in the company, with a holding value of Rs. 1,74,101.2 crore.
4. Infosys Ltd
Infosys, established in 1981, provides consulting, IT services, and outsourcing solutions. The company focuses on digital transformation, cloud computing, and artificial intelligence, offering application development, maintenance, and technology consulting to global businesses through its strong delivery model.
The company holds a market cap of Rs. 6,24,010.48 crore and the current market price is Rs. 1,502.05. Mutual funds hold 85.4 crore shares of Infosys, amounting to a holding value of Rs. 1,25,434.2 crore.
5. Bharti Airtel Ltd
Bharti Airtel, incorporated in 1995, is one of India’s top telecom service providers. Its offerings include mobile networks (2G to 5G), broadband, DTH, streaming, and financial services. The company also has a significant international presence in 17 countries across South Asia and Africa.
The company holds a market cap of Rs. 11,13,107.98 crore and the current market price is Rs. 1,952. Mutual funds own 64.3 crore shares of Airtel, translating to a holding value of Rs. 1,21,483.5 crore.
6. Axis Bank Ltd
Axis Bank, founded in 1994, provides a complete suite of banking and financial services including retail banking, wholesale banking, and treasury operations. Its offerings include loans, deposits, wealth management, forex, trade finance, and cards, with operations in India and eight international markets.
The company holds a market cap of Rs. 3,53,767.55 crore and the current market price is Rs. 1,140.20. Mutual funds hold 104.4 crore shares in Axis Bank, with a holding value of Rs. 1,09,038.6 crore.
7. State Bank of India
State Bank of India, incorporated in 1955, is India’s largest public sector bank. It offers a wide range of retail and corporate banking products, rural banking, NRI services, and wealth management. The bank has expanded into insurance and asset management and operates across 29 countries globally.
The company holds a market cap of Rs. 7,97,294.59 crore and the current market price is Rs. 863.75. Mutual funds own 130.4 crore shares of SBI, worth Rs. 1,04,588.3 crore.
8. Larsen & Toubro Ltd
Larsen & Toubro, set up in 1946, is an Indian multinational specializing in EPC projects, high-tech manufacturing, and services. With a presence in over 50 countries, the company is active in infrastructure, engineering, and construction, while also providing financial and insurance services.
The company holds a market cap of Rs. 5,05,019.16 crore and the current market price is Rs. 3,671.50. Mutual funds hold 28 crore shares in L&T, valued at Rs. 1,00,964 crore.
9. Kotak Mahindra Bank Ltd
Kotak Mahindra Bank, founded in 1985, is one of India’s leading financial services conglomerates. It provides commercial banking, stock broking, insurance, lending, and asset management. The bank also operates internationally through branches and offices in the US, UK, Singapore, and the Middle East.
The company holds a market cap of Rs. 4,04,688.52 crore and the current market price is Rs. 2,035.05. Mutual funds own 39.4 crore shares of the bank, translating to a holding value of Rs. 77,242 crore.
10. Eternal Ltd (Zomato)
Zomato, launched in 2010, is a technology-driven food services platform that connects customers with restaurants. It operates food delivery, restaurant discovery, B2B supplies through Hyperpure, and Blinkit in quick commerce. The company has expanded globally to countries across Asia, Europe, and Africa.
The company holds a market cap of Rs. 3,27,629.40 crore and the current market price is Rs. 339.50. Mutual funds own 228.3 crore shares of Zomato, with a holding value of Rs. 71,745.9 crore.
Written By Manan Gangwar
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