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  • News From Press Fall in 'most-favoured stocks' hurt mutual fund assets

    Fall in 'most-favoured stocks' hurt mutual fund assets

    The top-10 most invested stocks by fund managers corner nearly a fourth of total equity assets
    Source: Business Standard Jan 22, 2016

    A sharp fall in the most-owned stocks by mutual funds has begun to hurt the performance of equity schemes. The top-10 counters in fund managers' portfolio are HDFC Bank, Infosys, ICICI Bank, Larsen & Toubro (L&T), Axis Bank, State Bank of India (SBI), Maruti Suzuki, Reliance Industries, IndusInd Bank and Sun Pharmaceutical.

    On an average, these stocks have seen a value erosion of nearly 10% so far this year. This has impacted he net asset value (NAVs) of equity schemes. Nearly a fourth of the total equity assets under management (AUM) are in the top-10 stocks.

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