600 mutual funds piled into banking and largecaps in April boosting HDFC Bank and rivals

A trio led holdings across hundreds of schemes

In April, mutual funds leaned heavily toward banking and large-cap stocks, with HDFC Bank, ICICI Bank and State Bank of India appearing at the top of holdings across more than 700 schemes. The latest coverage also points to major corporate names like Bharti Airtel, Reliance Industries and Infosys among the stocks owned by around 600 funds, reflecting a clear risk and sector preference shift.