DSIJ Mindshare

MFs prefer Maruti Suzuki as top pick in Automobile sector

Financial sector , Automobile sector and Consumer products are the top sectors preferred by the mutual fund industry. Automobile sector has been doing well  for past few quarters with the BSE auto index generating 13 odd per cent returns over a 1 year period. 

Maruti Suzuki is one large cap share in the automobile sector that has almost 376 mutual schemes investing in the scrip. The total investment in Maruti Suzuki by all funds put together is Rs 8870 crore.  HDFC Equity Fund-G is the fund which has invested maximum in the scrip at Rs 1,083 crore. HDFC as a fund house contributes to almost 25.14 per cent of the total investments in the scrip. 

Tata Motors after Maruti Suzuki is the other large cap stock that has caught  the fund managers' fancy. With 322 mutual fund schemes investing in Tata Motors , it shows the confidence of the fund managers in the scrip. The total investments in the scheme is about Rs 5,637 crore by all funds put together. Reliance Equity Opportunities Fund-G with its Rs 423 crore investments is the largest scheme investing in Tata Motors. 

Mahindra & Mahindra (M&M) is one of the top pick for ICICI Prudential Value Discovery Fund- G. The said fund has invested almost Rs 315 crore in M&M.  Almost Rs 2,650 crore is invested in the scrip by all the funds put together and 243 schemes have invested in the scrip. 

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