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Top Picks For 2023: ICICI Bank And TCS Lead Indian Mutual Fund-Owned Stocks

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<p>When it comes to investing money that has been pooled from individual investors in securities, asset management companies (AMCs) are essential. Their goal is to get the best returns possible in exchange for fees. Mutual fund companies, which fall under the category of AMCs, are focused on managing the assets of investors, which include stocks, bonds, and other securities. These organizations’ financial specialists evaluate stock performance and make calculated investments to maximize profits. A look at the equities that Indian AMCs have invested in the most as the year draws to a close offers insights into market patterns.</p>
<p><img decoding=”async” class=”alignnone wp-image-323324″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-top-picks-for-2023-icici-bank-and-tcs-lead-indian-mutual-fund-owned-stocks-stock-t-750×422.jpg” alt=”theindiaprint.com top picks for 2023 icici bank and tcs lead indian mutual fund owned stocks stock t” width=”1171″ height=”659″ title=”Top Picks For 2023: ICICI Bank And TCS Lead Indian Mutual Fund-Owned Stocks 9″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-top-picks-for-2023-icici-bank-and-tcs-lead-indian-mutual-fund-owned-stocks-stock-t-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-top-picks-for-2023-icici-bank-and-tcs-lead-indian-mutual-fund-owned-stocks-stock-t-1024×576.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-top-picks-for-2023-icici-bank-and-tcs-lead-indian-mutual-fund-owned-stocks-stock-t-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-top-picks-for-2023-icici-bank-and-tcs-lead-indian-mutual-fund-owned-stocks-stock-t-1536×864.jpg 1536w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-top-picks-for-2023-icici-bank-and-tcs-lead-indian-mutual-fund-owned-stocks-stock-t-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-top-picks-for-2023-icici-bank-and-tcs-lead-indian-mutual-fund-owned-stocks-stock-t-150×84.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-top-picks-for-2023-icici-bank-and-tcs-lead-indian-mutual-fund-owned-stocks-stock-t.jpg 1600w” sizes=”(max-width: 1171px) 100vw, 1171px” /></p>
<p>As to a Moneycontrol analysis, TCS and ICICI Bank have the largest ownership by mutual funds, putting them at the top of the list. Forty fund houses together own equity in these firms, according to Emkay data. Maruti Suzuki and Infosys are next in line, with 39 AMCs holding shares in both companies as of November. Titan is the most owned stock in the FMCG industry, with ITC and Hindustan Unilever (HUL) following closely. This year, Sun Pharma has emerged as the industry leader in the pharmaceutical space, while Bajaj Finance is the clear favorite among non-banking financial companies (NBFCs), having received investments from almost 35 AMCs.</p>
<p>More than other Mutual Fund Companies in the country, State Bank of India is the only public sector bank in India that is owned by 30 AMCs. The National Thermal Power Corporation (NTPC), along with SBI, is one of the PSU equities that AMCs buy the most of. Even though TCS was one of the most popular stocks in 2023, the firm had difficulties because of rising interest rates and unfavorable consumer sentiment in the US and Europe. TCS’s position in the US and EU markets is insecure due to global macroeconomic uncertainty. However, this year the IT giant claimed to win $11.2 billion (about Rs 931 billion) in deals, which is the second-highest Total Contract Value (TCV) the company has ever disclosed.</p>
<p>These observations on stock ownership provide a window into the market dynamics influencing investment choices as AMCs actively diversify their holdings. AMC decisions are a reflection of sector preferences and strategic positioning in the face of shifting global uncertainty and changing economic circumstances.</p>


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