On its part, elder Ambani sibling Mukesh-led RIL continued to circumvent Reliance MF schemes in place of its investment needs in the hottest fiscal ended protest 31, even as it parked money in a host of schemes from other deposit houses.
RIL has traditionally been the top-held routine in place of nearly everyone of the equity-focussed schemes of Reliance MF, but the scenario has misused drastically on ancient a small number of months.
RIL is at present held as a top-held routine in solitary two of the Reliance Mutual Fund schemes, down from its top-owned routine perception in place of five schemes plow a combine of months before.
A host of other deposit houses are besides seen as biting their exposure to RIL, as the routine rebuff more holds the perception of the top-held routine in place of overall mutual deposit hole.
According to the hottest data to be had in place of portfolio assets of all the MF schemes, RIL was ranked flash similar to ICICI Bank in the file of top-held stocks by all the mutual funds mutually in protest this time.
All the funds mutually held RIL shares worth not far off from Rs 7,934 crore in protest, as contrary to Rs 8716 crore-worth shares of ICICI Bank. Besides, RIL holding was solitary a shade beyond the shares worth Rs 7,640 crore of Infosys throughout the month.
Being the country's nearly everyone valued safe with a marketplace capitalisation of Rs 3,00,000 crore, RIL has traditionally been between the nearly everyone favoured stocks in place of nearly everyone of the funds.
However, a below-average performance has led to many funds lowering their exposure to this routine in topical months. The routine has fallen by not far off from 8 in ancient single time, even as sensex rose by not far off from 12 and an extra yardstick Nifty by not far off from 6.
Earlier, a host of MF schemes used to invest 9-10 of their corpus in RIL shares, which has in a jiffy dropped to 5-7, a portfolio analysis of various funds shows.
Along with other deposit houses, folks part of ADAG set maintain besides bring to an end their exposure to RIL routine.
Only Sensex and NIfty-focussed schemes of Reliance MF -- Reliance Index Fund-Sensex Plan and Reliance Index Fund- had RIL as the top-held routine by the side of the last part of carry on month.
Clothed in comparison, RIL was the top-held routine by the side of the last part of February in place of five Reliance MF schemes -- Reliance Quant Plus Fund, Reliance Equity Fund, Reliance Index Fund - Nifty Plan, Reliance Index Fund - Sensex Plan and Reliance Natural Resources Fund.