look news india
Mutual fund companies invest investors' money in the shares of various companies through mutual funds. Mutual funds are considered the best option for huge profits and big amounts in the long term. Investors in mutual funds get the benefit of compounding along with attractive market returns. Today we will know about the stocks of some companies which are the favorite stocks of the mutual fund industry in July 2024.
1. Shares of State Bank of India are at sixth place in this list. A total of 503 mutual fund schemes have invested Rs 87,858 crore in the shares of this public sector bank.
2. The country's second largest telecom company Bharti Airtel is at number 5 in this list. 503 different mutual fund schemes have invested a total of Rs 92,094 crore in Bharti Airtel shares.
3. The giant IT company Infosys is at the fourth place in this list. 516 mutual fund schemes have invested Rs 1.34 lakh crore in the shares of the country's second largest IT company.
4. Reliance Industries, the country's largest company in terms of market cap, is at number three in this list. 534 mutual fund schemes have invested Rs 1.56 lakh crore in the shares of Mukesh Ambani's company.
5. ICICI Bank is at second place in this list. 582 mutual fund schemes have invested a total of Rs 2.01 lakh crore in the country's second largest bank in terms of market cap.
6. The country's largest bank by market cap – HDFC Bank tops the list. Hundreds of mutual fund schemes have invested Rs 2.56 lakh crore in HDFC Bank shares. Mutual fund schemes hold around 158.92 crore shares of this private bank.
