Through mutual funds, mutual fund companies invest investors’ money in the shares of different companies. Mutual funds are considered to be an excellent option for making huge profits and a large corpus in the long term. In mutual funds, investors get the full benefit of compounding along with attractive market returns. Today we will learn about the shares of some such companies here, which are the favorite shares of the mutual fund industry in July 2024.
1. Shares of State Bank of India are at the sixth place in this list. A total of 503 mutual fund schemes have invested Rs 87,858 crore in the shares of this government bank.
2. The country’s second largest telecom company Bharti Airtel is at the 5th place in the list. 503 different mutual fund schemes have invested a total of Rs 92,094 crore in Bharti Airtel shares.
3. The giant IT company Infosys is at the fourth place in this list. 516 mutual fund schemes have invested Rs 1.34 lakh crore in the shares of the country’s second largest IT company.
4. Reliance Industries, the country’s largest company in terms of market cap, is at third place in this list. 534 mutual fund schemes have invested Rs 1.56 lakh crore in the shares of Mukesh Ambani’s company.
5. ICICI Bank is at second place in this list. 582 mutual fund schemes have invested a total of Rs 2.01 lakh crore in the country’s second largest bank in terms of market cap.
6. The country’s largest bank in terms of market cap – HDFC Bank is at the first place in this list. Hundreds of mutual fund schemes have invested Rs 2.56 lakh crore in HDFC Bank shares. Mutual fund schemes have around 158.92 crore shares of this private bank.
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