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Mutual funds choose hot stocks!
Larissa Fernand
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December 16, 2004

What with the Sensex reaching dizzying heights, four experts gave their views on where they think it is headed.

They also suggested stocks they feel will perform well (see their prices increase) or make a good buy.

Well, here's what we did. We took those stocks and decided to find out which ones the mutual funds invested in.

Take a look at the results.

The hot list

To refresh your memory, we have listed the stocks they recommended. They are not ranked in any particular preference, but in alphabetical order.

If you are interested in which of these were short-term or long-term recommendations, do refer to the original article.

Company

Recommended by

ACC

2 experts

Arvind Mills

1 expert

Assam Co

1 expert

Bombay Dyeing

1 expert

Dr Reddy

1 expert

Grasim

2 experts

GSK

1 expert

HDFC Bank

1 expert

ITC

1 expert

Jaiprakash Associates

1 expert

M&M

2 experts

Ranbaxy

2 experts

Ravalgaon Sugar Farm

1 expert

SKF Bearings

1 expert

Tata Power

1 expert

TCS

1 expert

Wipro

1 expert

Now, let's find out how many mutual funds have invested in these stocks.

What we have done here is mention the number of schemes that have invested in these stocks.

Don't confuse this with the number of funds.

For example, Franklin Pharma is one fund, but it offers two schemes -- growth and dividend. This holds true for most of the other mutual funds.

Stocks starring in over 200 schemes:

Company

No of schemes

ITC

224

TCS

221

ACC

218

Grasim Industries

216

Ranbaxy Laboratories

210

Stocks starring in over 100 schemes:

Company

No of schemes

Wipro

116

Stocks starring in less than 100 schemes:

Company

No of schemes

Glaxosmithkline Pharma

96

Tata Power

95

Dr Reddy's Laboratories

77

HDFC Bank

76

Arvind Mills

63

Mahindra & Mahindra

23

SKF India Ltd
(earlier, SKF Bearings)

17

Jaiprakash Associates

9

Bombay Dyeing

2

Which mutual fund has invested the most amount of money in these stocks?

Here is a table that will show you which mutual fund has invested the most in these companies in actual rupee terms. Take a look.

Company

Mutual fund

Investment

ITC

ULIP '71

Rs 182.07 crore

Mahindra & Mahindra

HSBC Equity

Rs 102.59 crore

Grasim Industries

Franklin India Bluechip

Rs 101.67 crore 

TCS

Franklin India Bluechip

Rs 60.83 crore

HDFC Bank

Franklin India Bluechip

Rs 64.28 crore

Ranbaxy Laboratories

UTI Mastergain '92

Rs 56.82 crore

ACC

HSBC Equity

Rs 54.52 crore

Wipro

Morgan Stanley Growth

Rs 45.85 crore

Glaxosmithkline Pharma

ULIP '71

Rs 33.91 crore

Jaiprakash Associates

Reliance Growth

Rs 29.99 crore

Arvind Mills

Magnum Multiplier Plus

Rs 23.91 crore

Dr Reddy's Laboratories

UTI Mastergain '92

Rs 17.36 crore

Bombay Dyeing

Reliance Growth

Rs 12.74 crore

SKF India Ltd (earlier, SKF Bearings)

HDFC Capital Builder

Rs 9.03 crore 

Tata Power

UTI Mastergain '92

Rs 7.62 crore

A comparison of these tables should give you a fair indication of who considers what stocks to be "hot".

Information was not available on Assam Co. and Ravalgaon Sugar Farm.

This date has been obtained from research outfit Value Research and was last updated on November 30, 2004.

DON'T MISS!

Why is the Sensex bullish?

Sensex? What's that?

What's in a share? Money!

Make money with shares

Mutual funds: Make your money work for you

Select the right mutual fund

Should you avoid mutual fund IPOs

Image: Uday Kuckian


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