The total assets under management (AUM) for the mutual fund industry reached nearly Rs. 67.1 trillion in September 2024, reflecting a 0.6 percent month-on-month increase. This growth was primarily driven by an increase in equity funds, which rose by Rs. 1,074 billion, balanced funds by Rs. 167 billion, and other ETFs by Rs. 159 billion.
Following are a few Public Sector Undertaking (PSU) stocks that have witnessed an increase in Mutual Funds’ holdings by more than 4 percent YoY:
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With a market cap of Rs. 78,858 crores, the stock witnessed a nearly 1.8 percent increase on BSE to Rs. 518.75 during the trading session of Friday.
Mutual funds holdings increased by 2.38 percent YoY from 5.22 percent Q2 FY24 to 7.6 percent Q2 FY25 in Oil India. The stock has delivered multibagger returns of nearly 141.3 percent over the past one year, as well as around 92.2 percent returns year-to-date.
The company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 30.8 percent from Rs. 6,208 crores in Q1 FY24 to Rs. 8,120 crores in Q1 FY25.
Similarly, the net profit grew by 44 percent YoY from Rs. 1,399 crores to Rs. 2,016 crores, over the same period.
Oil India Limited is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG, along with providing various E&P-related services for oil blocks.
With a market cap of Rs. 44,024.3 crores, the stock witnessed a nearly 0.5 percent increase on BSE to Rs. 99.75 during the trading session of Friday.
Mutual funds holdings increased by 3.47 percent YoY from 1.23 percent Q2 FY24 to 4.7 percent Q2 FY25 in Bank of India. The stock has delivered positive returns of nearly 8.2 percent over the past one year, but around 14.6 percent of negative returns year-to-date.
The company experienced significant growth in its net interest income (NII), showing a year-on-year rise of around 6.3 percent from Rs. 5,975.2 crores in Q1 FY24 to Rs. 6,352.7 crores in Q1 FY25.
Similarly, the net profit grew by 15.5 percent YoY from Rs. 1,501.2 crores to Rs. 1,734.3 crores, over the same period.
Bank of India operates in segments including treasury operations, wholesale banking and retail banking. The treasury operations segment includes the entire investment portfolio, which deals in government and other securities, money market operations and foreign exchange operations.
With a market cap of Rs. 67,065.3 crores, the shares of this medium-sized bank witnessed a nearly 1.4 percent increase on BSE to Rs. 507.9 during the trading session of Friday.
Mutual funds holdings increased by 4.26 percent YoY from 8.01 percent Q2 FY24 to 12.27 percent Q2 FY25 in Indian Bank. The stock has delivered positive returns of nearly 21.8 percent over the past one year, as well as around 18 percent returns year-to-date.
The company experienced significant growth in its net interest income (NII), showing a year-on-year rise of around 8.3 percent from Rs. 5,703 crores in Q1 FY24 to Rs. 6,178 crores in Q1 FY25.
Similarly, the net profit grew by around 40.6 percent YoY from Rs. 1,709 crores to Rs. 2,403 crores, over the same period.
Established in 1907, Indian Bank is an Indian public sector bank engaged in offering deposits, loans and services. Its segments include treasury, corporate/wholesale banking, retail banking and other banking operations.
Written by Shivani Singh
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