Newest Replace: MFs place heavy bets on contemporary choices; ICICI Pru, SBI lead allocation

Live Update: Markets News falls under %%NATIONAL_NEWS%% and highlights developments that may also influence Asia News and Europe News. Initial reports suggest further updates are expected as this story evolves under %%NATIONAL_NEWS%%. Indian mutual funds (MFs) are placing high-conviction bets on newly listed companies. Logistics platform Shadowfax Technologies and media tech player Amagi Media Labs have emerged as the most bought stocks by asset managers. Capitalising on post-listing momentum, heavy institutional flows have gravitated towards these two counters, led by ICICI Prudential Mutual Fund and SBI Mutual Fund. ICICI Prudential Mutual Fund leads the top-tier individual allocations in absolute money terms, committing ₹1,019.6 crore to Shadowfax Technologies. The position gives the fund house a 6.95 per cent stake in the logistics firm, which carries a market capitalisation (mcap) of ₹14,680 crore and has surged 136.44 per cent since its debut. Ownership in Shadowfax remains concentrated among premier asset managers, with Nippon India Mutual Fund holding an additional ₹360.9 crore position (a 2.46 per cent stake) and Motilal Oswal Mutual Fund holding ₹232.0 crore (1.58 per cent). Meanwhile, SBI Mutual Fund has secured the single-largest stake among top institutional investors. The country's largest fund manager holds a dominant 7.65 per cent stake in Amagi Media Labs, valuing its investment at ₹968.8 crore against the company's ₹12,660.55 crore market valuation. Amagi has yielded strong returns for early institutional backers, advancing 61.51 per cent post-listing. ICICI Prudential Mutual Fund also maintains exposure to the cloud broadcast firm, holding a ₹212.2 crore stake (1.68 per cent), while Aditya Birla Sun Life Mutual Fund owns ₹300.9 crore stake (2.38 per cent). Beyond the two headline stocks, fund managers are demonstrating distinct strategies spanning broad-based institutional crowding and targeted smallcap accumulation. Sedemac Mechatronics has emerged as the most institutional-heavy counter among recent listings, featuring in the top positions of four major funds — SBI, ICICI Prudential, Aditya Birla Sun Life, and HDFC — each commanding between 2.04 per cent and 2.86 per cent of the company. Conversely, funds are making selective, high-weight plays in smaller firms, reflected in Bandhan Mutual Fund taking a 4.98 per cent stake in Amir Chand Jagdish Kumar, and Kotak Mahindra holding 4.67 per cent in MV Electrosystems. More updates are expected in the coming hours as this story develops across Asia News and Europe News. The above update reflects ongoing developments that are being closely followed under %%NATIONAL_NEWS%%. More updates are expected in the coming hours as this story develops across Asia News and Europe News. Source link