RIL, HDFC Bank and others are held by 600+ mutual fund schemes
In short
ACE MF data showed that 11 stocks were held by more than 600 mutual fund schemes in September. The list included ICICI Bank, HDFC Bank, SBI, Bharti Airtel and Reliance Industries, and also Eternal, Infosys, Axis Bank, L&T, Kotak Mahindra Bank and M&M.
This matters because it shows which large stocks are most common in mutual fund portfolios. The report does not say whether funds bought more or sold any of them.
What the reporting says
ICICI Bank, HDFC Bank, SBI, Bharti Airtel and Reliance Industries were among 11 stocks held by more than 600 mutual fund schemes in September, according to ACE MF data cited in publisher-supplied reporting. Eternal, Infosys, Axis Bank, L&T, Kotak Mahindra Bank and M&M were also listed among the most widely held stocks across mutual fund portfolios. The report gives no fund flows or trading action.
Why it matters
The story highlights ownership breadth across mutual fund schemes, using ACE MF data cited in a publisher summary. It names several widely held large-cap stocks, including ICICI Bank, HDFC Bank, SBI, Bharti Airtel, Reliance Industries, Eternal, Infosys, Axis Bank, L&T, Kotak Mahindra Bank and M&M. No performance or transaction data are provided, so the market implication is limited to portfolio concentration.