September 22, 2024 | Read Online
Equity Holdings and Movements of Mutual Funds- An Analysis by GoalTeller
ICICI Bank is the largest and most widely held stock – Avg of 4.65% in each flexi cap fund and > 7% in large-cap funds
L&T was a stock that was in the top 10 held stocks in July but was out of this list in August
Zomato continues to be one of the top 10 stocks in the flexi cap fund category
Mid Cap funds saw a bug churn in holdings with stocks like Indus Towers and Bharat Forge completely exited and replaced by Cash Holdings. Trent, Supreme Industries and Cadila Healthcare
Sectoral funds again saw big rotation with Reliance being one of the top holdings in this segment (Yeah surprising it’s not a small cap stock 
– I guess fund managers are worried about valuations and finding solace in this)
Avg Cash holdings in small-cap funds reduced as CAMS and CDSL were notable additions while Blue Stock continued to be the most held stock
As expected in the absence of any negative trigger the markets continued their up move towards 26k Nifty.
Private Banks are joining the party now (as the gush of funds continues unabated managers have no choice but to invest in sectors and themes that have not participated) and also strong hopes of a rate cut.
US fed cut rates by 50 bps giving the first signs of a slowdown in the US economy.
This move also pushes a strong cause for the RBI to cut rates in its next meet in October 1st week.
The Nifty could surpass our max target of 26k in the run-up to Deepawali, however, we remain convinced that investors should be super careful for the next couple of quarters and ensure that they are not spilling over their equity allocation and market cap allocation.
Portfolio Hedge via Nifty 25,000 PUT Option dated March 2025 at 2.5% odd i.e. 550 rupees– Are the markets telling us that the fall isn’t coming very soon 
WE STRICTLY DON’T ADVISE TAKING DERIVATIVE BETS, however we highlight this as an opportunity for individuals who wish to hedge their portfolios for a short period of time.
This is ONLY Suitable for
High Risk investors
Individuals with outsized equity holdings
Individuals who understand Future and Options
Pl Consider
Taxes on this as income would be taxed and might not be set off against capital losses
This is only till March and post that it becomes dead and worthless if markets don’t fall in this period below 24,400 odd
SPEAK TO YOUR FINANCIAL ADVISOR BEFORE TAKING ANY SUCH STEP
Webinar with Renowned Spine Surgeon Dr. Yogesh Pithwa on “Tips for taking care of your back end neck” followed by a Q&A session answered by Dr. Pithwa himself
Coming up next Sunday (29-09-2024) at 10 am
A quick brief about Dr. Pithwa
Needless to say, the margins for error in spine surgery being extremely narrow, Dr. Yogesh K. Pithwa is the FIRST INDIAN OFFICIALLY ACCREDITED AS A SUPERSPECIALIST IN SPINE SURGERY by being conferred the FNB Spine Surgery degree. Besides having nearly 20 YEARS OF EXPERIENCE in carrying out advanced spine surgery with absolute finesse, he is also keenly academically oriented. He is a Faculty of AOSpine, a renowned international organization that trains young and budding spine surgeons across the world. He has also published numerous scientific articles related to his research on spinal problems so as to take spine care to a higher level.
Related Articles
