25% equity plans make less than 5% allocation to Reliance Industries

One of four diversified equity schemes had made less than 5 per cent allocation of their corpus to Reliance Industries (RIL) at the end of July. 

The Mukesh Ambani-led firm’s stock has more than doubled from its March lows and quadrupled since December 2016. It had a weighting of 14 per cent on the Nifty50 index as of July 31, and its market capitalisation was close to a tenth of the market cap of India’s listed universe. 

Of the 180 equity schemes (excluding index funds, exchange-traded funds, and sectoral/thematic funds), 44 had their RIL holding below 5 per cent, the data from