Mutual funds' asset managers have several favourite stocks to which they have allocated a large part of their respective portfolios, especially large-cap funds. And tech giant Infosys is one of them.
Shares of Infosys cracked nearly 10 per cent during early morning trade deals on Friday after June quarter results. As per Bloomberg data, SBI Funds Management Ltd Multiple Portfolios held shares of Infosys worth ₹17.3 crores as of June 30. It was followed by ICICI Prudential Fund which owned shares worth 10.5 crore crore.
UTI Asset Management, HDFC Asset Management owned shares worth over 6 crore of the IT major as of June-end, while Aditya Birla Sun Life Asset owned 4.6 crore shares. Mirae Asset held 3.8 crores of Infy as of 12 July.
Nippon India Mutual Fund, Kotak Mutual Fund, Franklin, and Tata Asset Management also owned somewhere between 3.2 crore to 1.9 crore shares of the second-largest Indian IT firm, on June 30. 1)SBI Funds Management Ltd Multiple Portfolios -173,058,873 (4.17%) 2)ICICI Prudential Asset Management Multiple Portfolios -105,469,084 (2.54%) 3)UTI Asset Management Co Ltd Multiple Portfolios- 63,532,920 (1.53%) 4)HDFC Asset Management Co Ltd Multiple Portfolios- 62,551,972 (1.51%) 5)Aditya Birla Sun Life Asset Manage Multiple Portfolios- 46,122,565 (1.11%) 6)Mirae Asset Global Investments Co Multiple Portfolios- 38,117,141 ( 0.92%) 7)Nippon Life India Asset Management Multiple Portfolios 32,153,363 (0.77%) 8)Kotak Mahindra Asset Management Co Multiple Portfolios- 28,297,627 (0.68%) 9)Franklin Resources Inc-22,240,706 ( 0.54%) 10)Tata Asset Management Pvt Ltd Multiple Portfolios- 19,884,487 ( 0.48%) Infosys' share price opened 9 per cent lower at ₹1,320.20 against the previous close of ₹1,449.50 and
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