MFs invest in fewer companies in June after portfolios hit multi-year high

Drop in number of firms invested in comes even as MFs' overall holding in stock market has been rising

Mutual funds spread their bets across fewer companies in June, after their investment basket grew to its largest size in years in the previous month.

They invested in a total of 838 companies as of June-end, or eight fewer than the 846 names seen in May, shows data from tracker primemfdatabase.com. The May figure of 846 was its highest in at least six years, show records going back to June 2016.

Equity mutual funds collect money from clients and invest it on their behalf in the stock market. They manage Rs 12.9 trillion through such schemes, according to data from