Damn!
HDFC Bank is the top holding for at least 43% of the funds across nine equity diversified categories or 107 schemes and is among the top 5 holdings of 53% or 133 funds, as on 31 May 2018.
In June 2017, HDFC Bank was the top holding in 73 funds and three years ago it featured as the top holding in 68 schemes among diversified equity categories.
More and more mutual funds now have the top weighted stocks of an Index. It begs the question, can they continue to deliver index beating returns?
Thanks for the link.
Even I was wondering a few days back that most of the funds are having HDFC as the top company in their portfolio. I was also thinking what is the difference between these funds if the top 10 heavyweights in their respective portfolios are almost same.
Even the Contra funds which are supposed to bet against the market trends are having HDFC in their portfolio.
Is it because the general elections are scheduled in 2019?
Also, as you know US Presidential elections are to be held in 2020. Now a days global triggers also affect our market.
Considering these two factors, are the fund houses playing it safe?
On a different note, if any scam outbreaks in HDFC bank like what happened to PNB, it would create a sudden crisis in the market due to much exposure to it.
This is quite an interesting topic. Would like to hear from the experienced investors in this forum.
Closed indexers. 
Hmmm, it’s trying to justify the fees and delivering performance any cost regardless of the label.
Hard to comment on these theme and impact on the MF industry as a whole. Every fund manager would be looking at the event risk in a different way.
Welcome to India!