Fund managers raise stakes in NSE firms to 7.36% in Q2; 10 stocks with maximum exposure

Domestic Mutual Funds have increased holdings in NSE-listed companies in the quarter ended September 30, 2021. The value of mutual funds in Indian currency has rose by over 14 per cent. The data is based on analysis by PRIME Database Group, based on shareholding patterns of 1688 of the total 1732 companies listed on NSE (main board) for the quarter ending September 30, 2021.  

"The holding of domestic Mutual Funds in companies listed on NSE increased to 7.36 per cent as on September 30, 2021 from 7.25 per cent as on June 30, 2021. The share has increased on the back of net inflows by domestic Mutual Funds of a huge INR 38,221 crore during the quarter," said Pranav Haldea, Managing Director, PRIME Database Group.  

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The data also showed that the value of the holdings of domestic Mutual Funds (free float, non-promoter holding) also went up by 14.82 per cent to an all-time high of INR 18.75 lakh crores as on September 30, 2021 from Rs 16.33 lakh crores on June 30, 2021.

Furthermore, number of shares held by MFs across all NSE listed companies also rose marginally from 3.31 per cent in June to 3.34 per cent in September.  
According to PRIME Database Group, Equitas Holdings Ltd, Federal Bank Ltd, KNR Constructions Ltd, City Union Bank Ltd, Crompton Greaves Consumer Electricals Ltd, Techno Electric and Engineering Co. Ltd, Ahluwalia Contracts (India) Ltd, DCB Bank Ltd and PNC infratech Ltd were the top 10 companies with maximum exposure in Mutual Funds.  

As per the same data, HDFC Bank, ICICI Bank, Infosys, Reliance Industries, State Bank of India, HDFC Ltd, Axis Bank Ltd, TCS, Bharti Airtel and Larsen & Toubro Ltd were the top 10 companies in terms of valuations as on quarter ending September 30, 2021.  

Alicon Cast Alloy, Gokaldas exports, Equitas Holdings, Can Fin Homes, Green Panel Industires, Esab India Ltd, Wendt (India), KIMS Ltd, Coforge Ltd and Indraprastha Gas Ltd were the top companies where the mutual funds increased their holdings in the September quarter.  

Similarly, the companies which saw mutual funds losing their interest in the September quarter are: Just Dial, Project Ltd, Sadbhav Engineering, Orient Cement, ITD Cementation India, Matrimony.com, Sagar Cements, Ador Welding, Sharda Cropchem and Metropolis Healthcare. These are the top 10 companies which saw the highest decrease in mutual fund holdings in percentage terms.  

On an overall basis, in the last quarter, holding of mutual funds went up in 300 companies. The average stock price of these companies in the same period increased by 12.06 per cent, while holding of mutual funds went down in 387 companies listed on NSE.