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Over a quarter of equity mutual fund assets in top 10 stocks list

The list has largely remained unchanged over the past one-year period

Samie Modak 

Over a quarter of equity mutual fund assets in top 10 stocks list

mutual funds’ (MFs’) exposure to the top 10 stock holdings stood at Rs 1.76 trillion at the end of December, up from Rs 1.04 trillion a year ago. These 10 account for 26.9 per cent of total under management (AUM), slightly below 27.1 per cent in December 2016, data provided by Value Research shows. Because of robust inflows into schemes coupled with a sharp rally in stock prices, AUM (of pure-play schemes) have grown nearly 70 per cent to Rs 6.5 trillion. The exposure to top 20 by MFs is Rs 2.5 trillion, or 38.15 per cent of AUM, while that to top 30 is Rs 3 trillion, or 45.33 per cent of AUM.

Over a quarter of equity mutual fund assets in top 10 stocks list

While the percentage exposure to had dipped slightly in the past one year, that to the top 20 and top 30 have increased by 72 basis points and 38 basis points, respectively. In other words, substantial inflows into MFs find their way into these top 15-30

The list of has largely remained unchanged over the past one-year period. holdings are more concentrated than the overall market. The by market cap account for 23 per cent of total market cap, while the top 20 and top 30 account for 34 per cent and 42 per cent, respectively.

First Published: Tue, January 16 2018. 01:09 IST
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