Over a quarter of equity mutual fund assets in top 10 stocks list

The list has largely remained unchanged over the past one-year period

Equity mutual funds’ (MFs’) exposure to the top 10 stock holdings stood at Rs 1.76 trillion at the end of December, up from Rs 1.04 trillion a year ago. These 10 stocks account for 26.9 per cent of total equity assets under management (AUM), slightly below 27.1 per cent in December 2016, data provided by Value Research shows. Because of robust inflows into equity schemes coupled with a sharp rally in stock prices, equity AUM (of pure-play schemes) have grown nearly 70 per cent to Rs 6.5 trillion. The exposure to top 20 stocks by equity MFs is Rs 2.5