Mutual Fund Houses Add These 3 Stocks To Their Portfolio In September – News18

There has been a noticeable instability in the domestic equity markets over the last few years. Despite this, the net inflows into equity mutual funds have been showing significant growth, particularly over the past two years. In September, net inflows of Rs 14,091 crore in equity funds have been witnessed.

This means that fund managers discovered new opportunities to invest money in the market. In this article, we have compiled a list of stocks that have become the overall favourite of the mutual fund industry and added a fresh position in September.

JSW Infrastructure

At present, there are more than 50 mutual fund schemes that are holding the stock of JSW Infrastructure. The schemes that have added the stock to their portfolio are Baroda BNP Paribas Business Cycle, Aditya Birla SL Infrastructure, SBI Infrastructure and Nippon India Power & Infra. The share was listed at Rs 142 on NSE and BSE with a premium of 20 per cent on October 3. It closed at Rs 176.35 on NSE on Friday.

RR Kabel

Recently, more than 46 mutual fund schemes got hold of the RR Kabel stocks. A few of the schemes holding the stock include names like HDFC Non-Cyclical Consumer, Tata Housing Opportunities and Axis Value. Shares of RR Kabel were listed at Rs 1,180 on September 20. It closed at Rs 1,369 in the last trading season.

Sai Silks (Kalamandir)

The number of schemes holding the stock is 25. As far as samples are considered, the mutual fund schemes that have added this to their portfolio are HSBC Consumption, SBI Multicap and PGIM India Small Cap. The shares of Sai Silk were listed on September 27 at Rs 231 with a premium of 4 per cent. Currently, the share is trading at Rs 261.

The investors see a lot of potential in these recently added stocks which is evident in the number of schemes adding them to their portfolio.