Top 20 MFs holding in equities rises 8.5% to Rs 10.5 lakh crore

The MF industry’s top 20 fund houses have witnessed an 8.5% jump in their equity exposure to Rs 10.49 lakh crore in June from Rs 9.70 lakh crore in May, shows a report by Motilal Oswal Financial Services. Fund houses’ equity exposure means equity components of all schemes.

Further analysis of the report shows that the monthly 8.5% jump in equity exposure is the highest in a year. This was largely following a recovery in the equity market.

Among all the fund houses, SBI MF has the highest exposure to equities at Rs 1.88 lakh crore. Next in the list are HDFC MF with Rs 1.28 lakh crore, ICICI Prudential MF at Rs 1.23 lakh crore, Nippon India MF at Rs 85,300 crore, UTI MF at Rs 72,800 crore and Aditya Birla Sun Life MF at Rs 72,200 crore.

Apart from the top 6 fund houses, 2 other fund houses - Axis and Kotak - have more than Rs 60,000 crore assets in equities. Axis MF’s holding in equities stood at Rs 65,100 crore and Kotak MF’s at Rs 62,400 crore.

The report further shows that Axis MF witnessed the highest increase in its equity value in percentage terms - at 11.6%. Mirae Asset, SBI and DSP MF also witnessed more than 10% rise in their exposure to equities.