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MFs that are likely to gain from cyclical bets

Henil Shah
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MFs that are likely to gain from cyclical bets

On February 18, 2021, the frontline equity indices were down by almost a per cent, but there were three companies that hit a new 52-week high, and it was no surprise that all the three were PSU lot. On Thursday, NTPC, ONGC and GAIL rallied between 4 per cent and 8.5 per cent. And over the past one week, these stocks have gained 6.3 per cent, 11.3 per cent and 5 per cent, respectively. Here is a list of the top 10 funds that were benefited by investing in these three stocks. 

 

Top 10 funds holding NTPC Ltd 

Fund Name 

Fund Manager 

Per cent of AUM 

Weekly Returns (per cent) 

Category Average (per cent) 

ICICI Prudential Multi-Asset Fund 

Sankaran Naren 

9.27 

1.82 

0.17 

ICICI Prudential India Opportunities Fund 

Sankaran Naren 

9.16 

3.38 

ICICI Prudential Infrastructure Fund 

Ihab Dalwai 

8.98 

3.44 

1.74 

ICICI Prudential Large & Mid Cap Fund 

Sankaran Naren 

7.83 

1.66 

0.91 

ICICI Prudential Equity & Debt Fund 

Sankaran Naren 

7.41 

1.99 

0.39 

Aditya Birla Sun Life PSU Equity Fund 

Mahesh Patil 

7.08 

5.97 

5.62 

Invesco India Infrastructure Fund 

Amit Nigam 

6.78 

0.42 

1.74 

SBI PSU Fund 

Richard Dsouza 

6.36 

6.05 

5.62 

ICICI Prudential Dividend Yield Equity Fund 

Mittul Kalawadia 

6.29 

1.97 

0.97 

HDFC Housing Opportunities Fund 

Rakesh Vyas 

6.14 

2.58 

 

Top 10 funds holding ONGC Ltd 

Fund Name 

Fund Manager 

Per cent of AUM 

Weekly Returns (per cent) 

Category Average (per cent) 

SBI PSU Fund 

Richard Dsouza 

5.84 

6.05 

5.62 

ICICI Prudential India Opportunities Fund 

Sankaran Naren 

5.46 

3.38 

ICICI Prudential Multi-Asset Fund 

Sankaran Naren 

5.13 

1.82 

0.17 

ICICI Prudential Equity & Debt Fund 

Sankaran Naren 

4.60 

1.99 

0.39 

SBI Magnum Comma Fund 

Richard Dsouza 

4.16 

2.82 

DSP Natural Resources & New Energy Fund 

Rohit Singhania 

4.03 

2.73 

2.57 

ICICI Prudential Infrastructure Fund 

Ihab Dalwai 

3.93 

3.44 

1.74 

Templeton India Value Fund 

Lakshmikanth Reddy 

2.45 

2.84 

0.99 

Tata Ethical Fund 

Ennettee Fernandes 

2.29 

0.18 

ICICI Prudential Quant Fund 

Roshan Chutkey 

2.05 

3.02 

 

Top 10 funds holding GAIL (India) Ltd 

Fund Name 

Fund Manager 

Per cent of AUM 

Weekly Returns (per cent) 

Category Average (per cent) 

Aditya Birla Sun Life PSU Equity Fund 

Mahesh Patil 

5.78 

5.97 

5.62 

ICICI Prudential India Opportunities Fund 

Sankaran Naren 

5.17 

3.38 

ICICI Prudential Infrastructure Fund 

Ihab Dalwai 

4.80 

3.44 

1.74 

ICICI Prudential Focused Equity Fund 

Prakash Gaurav Goel 

4.10 

0.80 

0.42 

Franklin Build India Fund 

Anand Radhakrishnan 

4.06 

3.03 

1.74 

SBI PSU Fund 

Richard Dsouza 

3.99 

6.05 

5.62 

Franklin India Bluechip Fund 

Anand Radhakrishnan 

3.53 

1.88 

0.33 

Franklin India Focused Equity Fund 

Anand Radhakrishnan 

3.42 

2.44 

0.42 

ICICI Prudential Value Discovery Fund 

Sankaran Naren 

2.79 

0.55 

0.99 

Canara Robeco Infrastructure Fund 

Cheenu Gupta 

2.45 

0.78 

1.74 

 

The above three tables show the top funds, having a holding in the three respective stocks along with its weekly performance and category average performance. 

 

If we look at these tables, it is quite clear that on asset management company (AMC) level, ICICI Prudential looks prominent and has the maximum funds benefiting from the same. 

 

Since the past year, ICICI Prudential has been quite positive on cyclicals as well as overweight on power & gas names across several funds. If we look across the mutual fund industry, several schemes of ICICI Prudential Mutual Fund have been the largest holders of ONGC and NTPC. However, when it comes to GAIL (India), along with ICICI Prudential, SBI, Aditya Birla Sun Life and Franklin are the other fund houses, which have a sizeable exposure to this stock. 

 

If we look at the overall holding in these three stocks fund manager wise, then Sankaran Naren of ICICI Prudential Mutual Fund holds the highest in these stocks, followed by Richard D’Souza of SBI Mutual Fund and Ihab Dalwai of ICICI Prudential Mutual Fund.

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