HDFC Bank, ICICI Bank, Bharti Airtel Among Top Stocks Held by Over 500 Mutual Fund Schemes

Mutual fund portfolios often provide valuable insights into market trends and investor confidence. Stocks held by a large number of mutual fund schemes are generally considered market favourites because they reflect strong institutional interest. 

According to data from ACE MF, several large-cap companies were held by more than 500 mutual fund schemes in February. These holdings highlight the preference of fund managers for companies with strong fundamentals, stable earnings, and long-term growth potential.

Banking Stocks Dominate Mutual Fund Holdings

Banking sector stocks continue to dominate mutual fund portfolios. HDFC Bank emerged as the most widely held stock, with 743 mutual fund schemes investing in it. 

Mutual funds collectively held 359 crore shares of the bank, valued at around ₹3.19 lakh crore. Close behind was ICICI Bank, which was held by 732 schemes, with mutual funds owning 193.80 crore shares worth approximately ₹2.67 lakh crore.

State Bank of India also featured prominently, with 674 schemes holding the stock. Mutual funds owned about 116 crore shares of the bank, valued at ₹1.40 lakh crore. Meanwhile, Axis Bank and Kotak Mahindra Bank were held by 626 and 585 schemes, respectively, showing continued confidence in the banking sector.

Telecom, IT, and Energy Stocks in Focus

Outside banking, several other sectors attracted significant mutual fund participation. Bharti Airtel was held by 678 schemes, with mutual funds owning 65.51 crore shares valued at ₹1.23 lakh crore. 

Energy giant Reliance Industries was held by 652 schemes with holdings of 127.56 crore shares worth ₹1.77 lakh crore.

In the technology sector, Infosys was owned by 638 mutual fund schemes, with holdings of 87.27 crore shares valued at ₹1.13 lakh crore. These companies remain key portfolio components due to their strong market positions and consistent performance.

Other Key Stocks in Mutual Fund Portfolios

Several other prominent companies also featured among the most widely held stocks. Larsen & Toubro was held by 601 schemes, while Maruti Suzuki India was held by 595 schemes with 4.53 crore shares valued at ₹67,341 crore.

Automaker Mahindra & Mahindra appeared in 588 schemes with holdings of 20.57 crore shares worth ₹69,916 crore. Meanwhile, Eternal Ltd and Bajaj Finance were held by 567 and 517 schemes respectively, highlighting continued interest from fund managers.

Also Read: HSBC Mutual Fund Launches First Gold ETF and FoF Offerings in India!

Conclusion

The presence of these stocks across more than 500 mutual fund schemes highlights institutional confidence in large-cap companies across sectors such as banking, telecom, IT, and automobiles. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.