July 17, 2024
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The Indian stock market has maintained its upward trajectory amidst increased volatility in recent months. Following the Lok Sabha elections in early June, market fluctuations have been pronounced, yet this has not dissuaded investors from continuing their pursuit of equity investments through mutual funds. According to AMFI data, equity mutual funds have witnessed a historic net inflow of Rs 1.66 lakh crore over the past half-year.
For fund managers, market volatility has presented opportunities to strategically increase exposure to undervalued quality stocks. Here’s a look at the top 10 stocks that mutual funds have bolstered their holdings in from December 31 to June 30, based on significant percentage increases in shares held. This selection focuses exclusively on stocks where mutual fund investments have surged, reflecting growing investor confidence amid market fluctuations.
Indus Towers
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 132
HDFC Life Insurance Company
M-Cap type: Large Cap
No. of schemes that added the stock over the last six month: 50
Total no. of schemes holding the stock: 192
Jubilant FoodWorks
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 15
Total no. of schemes holding the stock: 138
Mphasis
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 22
Total no. of schemes holding the stock: 170
Aurobindo Pharma
M-Cap type: Mid Cap
No. of schemes that added the stock over the last six month: 23
Total no. of schemes holding the stock: 164
Adani Ports and Special Economic Zone
M-Cap type: Large Cap
No. of schemes that added the stock over the last six month: 62
Total no. of schemes holding the stock: 170
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