Top Indian Mutual Funds and How They Navigated the Market in December 2024
20 Jan 2025 6 mins Mutual Funds
As we begin the new year, it is important to reflect on the state of the leading mutual fund firms in India, the investment inclinations of Indians, and the portfolio adjustments made in December 2024.Popular investment choices increased in December 2024 as Indian investors showed a great deal of faith in hybrid and equity funds. Fund managers actively rebalanced portfolios as market conditions changed in order to maximise returns and protect against volatility. The ever-evolving dynamics of the investment world are highlighted by this month's deliberate stock selection and strategic portfolio modifications.
In this blog, we’ll explore the top mutual fund houses of India, the investment trends observed in December, and how leading fund managers navigated the year-end turbulence to set a course for 2025.
India's Leading Mutual Funds Houses as of December 31, 2024
As of December 31, 2024, some of the largest names in the mutual fund industry are in charge of managing size-able assets that demonstrate their knowledge and investor trust. With an astounding ₹10.90 lakh crore in Assets Under Management (AUM), SBI Mutual Fund is in first place. Due to its wide choice of funds that meet various financial demands, SBI Mutual Fund, the biggest fund house in India, continues to draw a sizable number of investors.
ICICI Prudential Mutual Fund, which manages ₹9.01 lakh crore in AUM, comes in second. The fund company is known for providing a wide range of debt and equity products to suit the needs of both aggressive and conservative investors.
Third place goes to HDFC Mutual Fund, having an AUM of ₹7.88 lakh crore. Investors looking for safety and development continue to choose HDFC Mutual Fund because of its solid long-term performance.
Fourth place goes to Nippon India Mutual Fund, which manages ₹5.64 lakh crore in AUM. It has a devoted following thanks to its creative investing strategy.
With ₹4.88 lakh crore in AUM, Kotak Mahindra Mutual Fund completes the top five and offers a diverse portfolio of products that appeal to a variety of investors. Due to their established track records and investor confidence, these fund firms are the industry leaders.
Indians' Top Investment Picks: Where the Money Is Going in last month
When it comes to investing, people in India have a variety of tastes. Here are some of the most well-liked options.
Index ETFs are the most popular option, with an astounding Rs 5,87,994 crore invested in them. For many investors, these funds are a simple and safe choice because they track market performance.
Flexi Cap funds, in which Rs 4,38,052 crore has been invested, come next. Flexi Cap funds are popular among investors seeking growth prospects since they allow them to invest across a variety of market sectors.
The third option is midcap funds, in which Rs 4,00,159 crore has been invested. These funds concentrate on growing mid-sized businesses that appeal to investors seeking greater profits.
With an investment of Rs 3,59,065 crore, large-cap funds rank fourth. These funds make investments in reputable businesses, which are often safer but provide consistent development.
Lastly, with Rs 3,29,232 crore invested, small cap funds come in fifth. These funds concentrate on smaller businesses that carry a higher risk but have the potential to yield large returns.
How Leading Mutual Funds Rebalanced Portfolios in December 2024
SBI Mutual Fund:
Added positions: Larsen & Toubro.
Neutral on: ICICI Bank, Reliance Industries, SBI, Kotak Bank.
Sold positions: HDFC Bank, Infosys, Bharti Airtel, ITC, TCS.
Top 5 stock picks (by % increase): CG Power & Industrial Solutions, Aditya Birla Fashions, Mahanagar Gas Ltd, Adani Green Energy, BSE Ltd.
Fresh positions: Wonderly Holidays, Tata Elxsi Ltd.
ICICI Prudential Mutual Fund:
Added positions: Bharti Airtel, Reliance Industries, Axis Bank, NTPC Ltd, HDFC Bank, ICICI Bank, Infosys, L&T.
Neutral on: Maruti Suzuki.
Sold positions: Sun Pharma (aggressive).
Top 5 stock picks (by % increase): CDSL Ltd, TBO Tek Ltd, Supreme Industries, Neuland Laboratories, Paytm.
Fresh position: PG Electroplast.
HDFC Mutual Fund:
Added positions: Axis Bank, Kotak Bank, Reliance Industries.
Neutral on: Bharti Airtel, Larsen & Toubro.
Sold positions: Infosys, ITC, SBI, HDFC Bank.
Top 5 stock picks (by % increase): Varun Beverages, Nykaa, Paytm, Dodla Dairy, SAIL.
Fresh positions: Home First Finance, BSE Ltd.
Nippon India Mutual Fund:
Added positions: NTPC Ltd, Reliance Industries, ICICI Bank, Infosys.
Neutral on: SBI.
Sold positions: HDFC Bank, Power Grid, Bharat Electronics, Axis Bank, Coal India.
Top 5 stock picks (by % increase): Sundaram Fasteners, Suraksha Diagnostics, Adani Energy Solutions, JSW Energy, Bajaj Holdings & Investments.
No fresh positions.
UTI Mutual Fund:
Added positions: Infosys Ltd.
Neutral on: ICICI Bank, Reliance Industries, L&T, Axis Bank.
Sold positions: TCS, Bharti Airtel, Kotak Bank, ITC Ltd.
Top 5 stock picks (by % increase): Kalyan Jewellers, Max Healthcare, Awfis Space Solutions, Aster DM, JSW Energy.
Fresh positions: BSE Ltd, India Hotels.
Aditya Birla Sun Life Mutual Fund:
Added positions: Reliance Industries, Axis Bank, ICICI Bank.
Neutral on: Bharti Airtel, L&T, Mahindra & Mahindra.
Sold positions: SBI, Sun Pharma, Infosys, HDFC Bank.
Top 5 stock picks (by % increase): Mankind Pharma, Paytm, Divi’s Laboratories, BSE Ltd, Arvind Ltd.
Fresh position: Manorama Industries Ltd.
Axis Mutual Fund:
Added positions: Infosys, HDFC Bank, Trent Ltd, Zomato, M&M Ltd.
Sold positions: Bajaj Finance Ltd, Torrent Power, TCS, ICICI Bank, Bharti Airtel.
Top 5 stock picks (by % increase): DOMS Industries, Gokaldas Exports, TBO Tek, Awfis Space Solutions, Page Industries.
Kotak Mutual Fund:
Added positions: Reliance Industries, Axis Bank, SBI, HDFC Bank, BEL.
Sold positions: Bharti Airtel, ICICI Bank, Zomato Ltd, Infosys, L&T.
Top 5 stock picks (by % increase): JSW Energy, Varun Beverages, Torrent Power, JSW Steel, CG Power & Industrial Solutions.
Fresh positions: Nuvama Wealth, KPIT Technologies.
Mirae Mutual Fund:
Added positions: Reliance Industries, TCS, HDFC Bank, Axis Bank.
Neutral on: Bharti Airtel.
Sold positions: Larsen & Toubro, Paytm, SBI, Infosys, ICICI Bank.
Top 5 stock picks (by % increase): BHEL, AU Small Finance Bank, Bharat Forge, KPIT Technologies, Suzlon Energy.
Fresh positions: Gravita India, United Breweries.
DSP Mutual Fund:
Added positions: Cipla Ltd, Axis Bank, Kotak Bank, IPCA Laboratories, SBI.
Neutral on: Infosys Ltd, Bajaj Finance.
Sold positions: Coforge, ICICI Bank, HDFC Bank.
Top 5 stock picks (by % increase): Jio Financial Services, Syngene International, Zomato Ltd, Interglobe Aviation, Angel One.
No fresh positions.
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Author - Abhishek Sonawane
Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.