JioBlackRock Mutual Fund Reveals Top Stock Holdings for March 2023
JioBlackRock Mutual Fund: HDFC Bank, ITC and Infosys among top 10 stock holdings in March
The Economic Times
Image: The Economic Times
In March 2023, JioBlackRock Mutual Fund reported an Assets Under Management (AUM) of ₹15,258 crore (approximately $1.83 billion USD). The fund's top stock holdings included HDFC Bank, ICICI Bank, and Bharti Airtel, with significant allocations in various sectors, reflecting a diversified investment strategy.
- 01JioBlackRock Mutual Fund's AUM reached ₹15,258 crore in March 2023.
- 02HDFC Bank and ICICI Bank were the top two stock holdings, comprising 7.05% and 4.89% of the portfolio, respectively.
- 03The fund held a total of 37.34 lakh shares of HDFC Bank and 15.71 lakh shares of ICICI Bank.
- 04Bharti Airtel and Reliance Industries also featured prominently in the fund's portfolio.
- 05The fund's holdings reflect a diverse investment approach across various sectors.
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JioBlackRock Mutual Fund, a new player in the mutual fund sector, reported an Assets Under Management (AUM) of ₹15,258 crore (approximately $1.83 billion USD) in March 2023. The fund's top stock holdings included HDFC Bank, which accounted for 7.05% of its equity AUM with 37.34 lakh shares valued at ₹156.32 crore, and ICICI Bank, which comprised 4.89% with 15.71 lakh shares. Other significant holdings included Bharti Airtel at 4.03% and Reliance Industries at 3.70%, reflecting a diversified investment strategy across key sectors. The fund also held shares in Larsen & Toubro, State Bank of India, Infosys, Mahindra & Mahindra, ITC, and MCX, showcasing its broad market exposure.
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The fund's diverse stock holdings could influence investment trends and market performance, potentially affecting retail investors and market sentiment.
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