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Stock Analysis, IPO, Mutual Funds, Bonds & More

Here’s where the highest return generating mutual funds invested in October

Reading about the top performing mutual funds' entry and exit in stocks, or increase and decrease in their allocations might give you some investment ideas as well.

, ET Online|
Nov 12, 2019, 11.17 AM IST
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Two AMCs, Axis Mutual Fund and Mirae Asset Mutual Fund, generated fabulous returns in various time-horizons in the last five years even as most fund houses struggled to stay afloat. Equity schemes of both the fund houses have been doing very well in one-, three-, and five-year horizons.

Don’t you want to know where these fund houses have invested in the current market. Or how they have changed their portfolio in the last one month. Perhaps reading about their entry and exit in stocks, or increase and decrease in their allocations might give you some investment ideas as well.

Axis Mutual fund has majorly invested in the financial space, including private banks and a few select NBFCs.

The top performing fund house’s top holdings include HDFC Bank, where it increased number of shares held by 4.69%. The AMCs total investment in HDFC Bank stood at Rs 4,366 crore as on 31st October. The AMC also reduced its number of shares held in Bajaj Finance by around 10%. The stock fell from being the top holding in September to second top most holding in October. Axis Mutual Fund holds a market value of Rs 4,257 crore in the stock. Year to date, Bajaj Finance has jumped by 56%.

Axis Mutual Fund also held Kotak Mahindra Bank, Avenue Supermarts, Tata Consultancy Services and Housing Development Finance Corporation, ICICI Bnak, Bandhan Bank, Pidilite Industries and Info Edge (india).

Mirae Asset Mutual Fund has majorly invested in banks, software and consumer durables. The top stock holding is HDFC Bank. The fund house has increased its holding by 2% in October, totalling investments to the tune of Rs 2,671 crore.

Other stocks in the funds house's top holdings include ICICI Bank (Rs 2,097 crore), Reliance Industries (Rs 1,671 crore), State Bank of India (Rs 1,541 crore), Infosys (Rs 1,301 crore), Axis Bank (Rs 1,251 crore), ITC (Rs 1,133 crore), Larsen & Toubro (Rs 1,100 crore).

Axis Mutual Fund completely exited from Gruh Finance.

Gruh Finance is the affordable housing finance arm of HDFC Ltd and had a loan portfolio of Rs 17,700 crore. Gruh Finance and Bandhan Bank got merged on 18th of October. The AMC's holding in Bnadhan bank rose considerably from 1.15 crore shares to 2.09 crore.

The fund house has also reduced its holding in Pidilite Industries. It has sold 19.42% shares held in the company.

Mirae Asset Mutual Fund, has also bought additional 73.67 lakh shares of Infosys in October. Shares of Infosys fell by 17% in October after claims that CEO Salil Parekh and CFO Nilanjan Roy had engaged in unethical practices were made public by an anonymous employee.

The AMC has bought additional shares of Dabur India in October. It holds total 1.35 crore shares of the stock, 22% higher than September.

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