Here are top 20 companies that entered mutual fund portfolios in February

On month-on-month basis, the AUMs decreased by 3% or Rs 51,960 crore to Rs 17.89 lakh crore last month.

Here are top 20 companies that entered mutual fund portfolios in February
Mutual funds added 20 new stocks in their portfolio based on the market value. Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Wed, Mar 15, 2017
12:46 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Crorepati Calculator: This mutual fund SIP trick will help you get more than double maturity amount — here is how Crorepati Calculator: This mutual fund SIP trick will help you get more than double maturity amount — here is how
Over Rs 1 crore! This mutual fund SIP trick will help you double your maturity amount — here is calculation Over Rs 1 crore! This mutual fund SIP trick will help you double your maturity amount — here is calculation
PPF vs Mutual Funds: Which is better? Here is what will make more money for you at a faster rate PPF vs Mutual Funds: Which is better? Here is what will make more money for you at a faster rate
Mutual Fund Industry Data Decoded: AUM rose by 3.7% in February 2021 to Rs 31.6 lakh crore as equity funds rise Mutual Fund Industry Data Decoded: AUM rose by 3.7% in February 2021 to Rs 31.6 lakh crore as equity funds rise
Franklin Templeton MF's six shut schemes generate Rs 15,272 cr Franklin Templeton MF's six shut schemes generate Rs 15,272 cr

The total assets under management (AUM) of the mutual fund industry grew by 41.7% (Rs 5.26 lakh crore) in February 2017 as compared to same month last year. 

However, on month-on-month basis, the AUMs decreased by 3% or Rs 51,960 crore to Rs 17.89 lakh crore last month.

According to an IDBI Capital report, all the categories witnessed net inflow except GILT, Gold ETF & FOF categories which witnessed net outflow. Net inflow in the industry stood at Rs 30,273 crore in February, 2017. The Equity Fund saw highest inflows in February 2017 while Other ETFs fund registered highest outflows.

In February 2017, the domestic mutual funds turned out to be net buyers in equities worth Rs 1,855 crore, as against net buying of Rs 5,215 crore in January 2017. 

"In February mutual funds were net buyers in equity in 12 trading sessions and net sellers in 7 sessions. Net buying in equity was recorded highest at Rs 1,209.4 crore on 21 February 2017 while net selling recorded at Rs 5,266.4 crore on 17 February 2017," the report said.

Moreover, mutual funds added 20 new stocks in their portfolio based on the market value. 

Rising on the back of recently launched Jio's feedback, Reliance Industries' market value was at top among the 20 new entrants with Rs 11,133 crore market value with total nine crore shares. 

Second in the list was IT-major Infosys with 18.2 crore shares and market value of about Rs 18,468 crore. Third was FMCG company ITC with 43.1 crore shares and market value of about Rs 11,290 crore. Fourth was ICICI Bank with 77.9 crore shares and market value of Rs 21,528 crore. Fifth was Tata Steel with 12.1 crore shares with Rs 5,833 crore. 

With the blue-chips entering the mutual funds industry the outlook for the coming months looks positive.   

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.