The domestic mutual funds (MFs) maintained their positive momentum in June 2018 as industry average or assets under management (AUM) increased for the 19th consecutive quarter to touch a new high of Rs 23.4 trillion.
Fund managers are using every dip to add quality stocks to their funds. Among the Nifty50 names, the current hot favorites of fund managers, in which they have more than 2 percent exposure, are 30 stocks.
For example, in ITC as many as 10 funds have more than 2 percent exposure. In the case of L&T, as many as 13 funds have more than 2 percent exposure while 7 funds have less than 2 percent exposure, according to a report by Motilal Oswal.
In the banking pack, ICICI Bank, HDFC, HDFC Bank, and Kotak Mahindra Bank are prominent names in which more than 10 funds hold over 2 percent exposure.
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Fund managers are using every dip to add quality stocks to their funds. Among the Nifty50 names, the current hot favorites of fund managers, in which they have more than 2 percent exposure, are 30 stocks.
For example, in ITC as many as 10 funds have more than 2 percent exposure. In the case of L&T, as many as 13 funds have more than 2 percent exposure while 7 funds have less than 2 percent exposure, according to a report by Motilal Oswal.
In the banking pack, ICICI Bank, HDFC, HDFC Bank, and Kotak Mahindra Bank are prominent names in which more than 10 funds hold over 2 percent exposure.
Try Ideal Stock Free For 2 Days! get at any time, and learn how to earn the profit in the stock market with Trusted Investment Advisor. Get quick Profit Booking, market strategies, market updates, and more.
