Mutual funds hold Rs 1.47 lakh crore worth of Reliance Industries shares
Mutual funds increased their investment in India’s most valued stock Reliance Industries (RIL) in the March quarter by 53 basis points to 7.50%. Their stake was valued at Rs 1.47 lakh crore.
There were around 86 shareholders in the March quarter with a total investment of around 7.50% against 6.97% in the December quarter, according to data from BSE India.
Further analysis of mutual fund data showed that mutual fund houses had 49,54,52,190 shares in their portfolio of Reliance Industries.
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The data also revealed that around 512 mutual fund schemes had investments in Reliance Industries. SBI Nifty 50 ETF had the highest market value of Rs 18,090.79 crore and had 6,08,76,923 shares in its portfolio of Reliance Industries. The scheme reduced 2.76 lakh shares on a month-on-month basis from its portfolio. Note, ETFs invest in stocks that are part of the underlying index.
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