Top 5 IT stocks include Rakesh Jhunjhunwala-backed Nazara where MFs increased shareholdings in Q2FY22
We have collated data from Trendlyne to list out the top 5 BSE IT Sector stocks, where MFs increased stakes in the September quarter:
Mutual Funds: As per the Association of Mutual Funds in India (AMFI) data, the overall mutual funds industry's assets under management (AUM) jumped to nearly Rs 37 lakh crore in September 2021, registering an over 33 per cent growth compared to the year-ago period. AMFI mentioned that the growth was driven by record inflows into Systematic Investment Plans (SIPs).
The overall Assets Under Management (AUM) touched Rs 36.74 lakh crore last month, up from Rs 27.6 lakh crore in September 2020, the data from the Association of Mutual Funds (Amfi) showed.
1 - Coforge Ltd.
MF holding change QoQ % 2.9
(Source: Trendlyne)
2- Birlasoft Ltd.
MF holding change QoQ % 2.7
(Source: Trendlyne)
3- eClerx Services Ltd
MF holding change QoQ % 1.8
(Source: Trendlyne)
4- Cyient Ltd.
MF holding change QoQ % 1.7
(Source: Trendlyne)
5- Rakesh Jhunjhunwala-backed Nazara Technologies Ltd.
MF holding change QoQ % 1.6
(Source: Trendlyne)
Nazara Technologies Ltd.
Ace investor Rakesh Jhunjhunwala holds 10.8% stake in Nazara Technologies Ltd. (As of September quarter)