Banking shares become the top choice of mutual funds, ICICI Bank is at the forefront
highlights
- Banking shares become the top choice of mutual funds, ICICI Bank is at the forefront
- Change in MF portfolio in December quarter, increased stake in ITC and Kotak
- From Reliance, Infosys to SBI – know on which stocks the funds are betting.
Investment of mutual funds in the Indian stock market plays an important role in determining the direction of the market because fund managers bet on only those stocks which have strong fundamentals and better future. Even in the beginning of 2026, sectors like banking, IT and infrastructure remain the first choice of mutual funds, where giants like ICICI Bank and HDFC Bank have further strengthened their hold in the portfolio. Data shows that fund managers are preferring stocks with quality, strong balance sheet and growth visibility. Let us know the stock-wise details-
The share of mutual funds has increased to 32.08 per cent, making it the top banking stock in the MF portfolio. Holding increased by 30.76 percent in the December quarter. However, the number of schemes declined from 92 to 63, reflecting consolidated holdings of big funds. The confidence remains strong due to strong credit growth, better asset quality and stable net interest margin (NIM). There was a net purchase of 5.17 crore shares in January 2026.
MF stake in Axis Bank is 33.48 percent. Although there was a slight reduction (from 33.97 percent) on a quarterly basis, the number of schemes increased from 43 to 45. The bank’s digital growth, expanding corporate loan book and better return ratios make it attractive.
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MF stake has reached 26.66 percent. The number of schemes increased from 726 to 734, reflecting broader institutional confidence. Strong CASA ratio, steady loan growth and strong retail franchise are its strengths.
Holding increased from 20.77 percent to 21.18 percent. Schemes increased from 46 to 49. The bank’s conservative lending model, strong capital adequacy and high-end customer base make it attractive for investors.
MF stake stands at 20.37 per cent, although there has been a slight decline. The number of schemes increased from 54 to 59. It remains a key stock in the India growth story due to government’s infrastructure spending, defense orders and strong order book.
MF stake is 22.12 percent, which decreased slightly in the quarter. Schemes reduced from 46 to 45. The company’s strong deal pipeline and digital transformation projects make it attractive for the long term, despite fluctuations in global IT demand.
MF stake increased to 11.36 percent. Schemes increased from 47 to 48. Investors are interested in it due to 5G expansion, strong ARPU (Average Revenue Per User) and better cash flow.
MF stake stands at 13.76 per cent, although there has been a slight decline. Schemes increased from 71 to 76. Declining NPAs, strong profitability and government support are the basis of its strength.
MF stake increased from 14.30 per cent to 16.17 per cent. Schemes increased from 46 to 49. Stable earnings in FMCG, cigarette and hotel business make it a safe option during market volatility.
MF share is 9.52 per cent, although there has been a slight decline. Schemes increased from 74 to 77. Due to expansion in retail, Jio and new energy business, it is among the top holdings of big funds in terms of value.
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