Mutual funds conduct research before investing in any stock. They select stocks with strong fundamentals and future growth prospects.
Fund managers make informed decisions based on comprehensive research. They also adapt to changing market conditions, which is why, as of September 6, most mutual funds have invested in these five stocks.
ICICI Bank: 270 mutual funds have invested in this stock. The company’s revenue increased by 26 percent, while net profit grew by 21 percent. The Price-to-earnings (PE) ratio is 19, and the dividend yield was 0.8 percent.
State Bank of India: 214 mutual funds have a stake in this stock. The company’s revenue increased by 21 percent, with net profit rising by 2 percent. The PE is 10.4, and the dividend yield is 1.7 percent.
Infosys: 212 mutual funds have invested in this stock. The company’s revenue increased by 3 percent, and net profit grew by 9 percent. The PE is 42.2, and the dividend yield is 0.7 percent.
Axis Bank: 205 mutual funds have invested in this stock. The revenue increased by 24 percent, while net profit increased by 122 percent. The PE is 13.5, and the dividend yield is 0.1 percent.
Maruti Suzuki India: 173 mutual funds have invested in this stock. The revenue increased by 17 percent, and net profit by 47 percent. The PE is 26.2, and the dividend yield is 1 percent.
It’s important to note that this article is purely informational and should not be considered a stock recommendation. It’s always advisable to seek professional advice before investing in the stock market.