By Chaitanya
BBA Finance Graduate & 6+ Years of Experience in Stock market & Finance
Mirae Asset Mutual Fund, a prominent player in India’s asset management landscape, recently unveiled its key stock holdings for July 2025, offering valuable insights into its investment strategy. With Assets Under Management (AUM) reaching an impressive Rs 2.13 lakh crore by July 2025, up from Rs 2.02 lakh crore as of June 30, 2025, the fund house continues to solidify its position. This detailed look at Mirae Asset Mutual Fund’s holdings reveals a strong inclination towards established Indian giants and strategic adjustments across various sectors.
Mirae Asset’s Core Portfolio: Banking and IT Dominance
The top 10 stock holdings within Mirae Asset’s July 2025 portfolio largely reflect a preference for India’s banking and information technology sectors. These include powerhouse names such as HDFC Bank, ICICI Bank, Infosys, Axis Bank, and Tata Consultancy Services (TCS). Other significant components are Reliance Industries Limited (RIL), ITC, State Bank of India (SBI), Bharti Airtel, and Larsen & Toubro (L&T). These selections underscore a focus on companies with robust market positions and potential for sustained growth. According to recent disclosures, confirmed by market reports, Infosys and RIL were among the top stock holdings for the period.
A closer look at overall mutual fund activity highlights the widespread confidence in these large-cap stocks. Data compiled from over 500 mutual fund schemes across the industry shows significant allocations to many of these names, reflecting strong institutional conviction. For instance, HDFC Bank and ICICI Bank are held by a majority of these schemes, commanding substantial market values. Market data from reputable sources highlights that over 500 mutual fund schemes collectively hold significant market value in these top banking and industrial stocks, reinforcing their appeal.
Here’s a snapshot of how widely some of these top stocks are held across mutual fund schemes as of July 2025:
| Stock | Number of Mutual Fund Schemes Holding | Total Market Value (Rs crore) | Number of Shares Held (crore) |
|---|---|---|---|
| HDFC Bank | 701 | 3,26,000 | 161.96 |
| ICICI Bank | 682 | 2,56,000 | 173.14 |
| Bharti Airtel | 621 | 1,20,000 | 62.71 |
| Infosys | 616 | 1,22,000 | 81.08 |
| Reliance Industries (RIL) | 596 | 1,75,000 | 126.35 |
| State Bank of India (SBI) | 590 | 1,02,000 | 128.58 |
| Larsen & Toubro (L&T) | 554 | 1,02,000 | 28.05 |
| Axis Bank | 547 | 1,07,000 | 100.99 |
Major Fund Houses Reshape Portfolios in July 2025
July saw significant portfolio adjustments by other leading fund houses, indicating their views on market dynamics. Insights from fund activity reports highlight strategic shifts across the board:
- HDFC Mutual Fund:
- Aggressively increased holdings in SBI.
- Modestly added to Kotak Bank, Maruti Suzuki, Infosys, and ICICI Bank.
- Maintained a neutral stance on HDFC Bank.
- Aggressively reduced holdings in Larsen & Toubro, Reliance Industries, and Axis Bank.
- Modestly reduced holdings in Bharti Airtel.
- ICICI Prudential Mutual Fund:
- Aggressively increased holdings in Infosys, Reliance Industries, Axis Bank, and L&T.
- Modestly added to HDFC Bank, Bharti Airtel, and NTPC Ltd.
- Saw modest selling in ICICI Bank.
- Made new top picks including JB Chemicals, Ashok Leyland, NOCIL, Brigade Enterprises, and Chola Investments.
These changes suggest varied perspectives on sector opportunities and stock valuations among India’s top fund managers.
Mirae Asset’s Global Reach and Strong International Performance
Beyond its domestic equity prowess, Mirae Asset has also demonstrated strong performance in its international fund offerings. Performance data compiled from official fund disclosures reveals impressive returns from these global funds during July 2025, with several schemes delivering close to double-digit growth. Mirae Asset’s international funds delivered up to 10% returns in July, with the Mirae Asset S&P 500 Top 50 ETF FoF leading the pack. This highlights the fund house’s capability to identify and capitalise on global market opportunities.
Here are the top performers among international mutual funds in July 2025:
| Fund | Return in July 2025 (%) |
|---|---|
| Mirae Asset S&P 500 Top 50 ETF FoF | 9.77 |
| DSP Global Clean Energy FoF | 8.67 |
| Mirae Asset NYSE FANG+ ETF FoF | 8.51 |
| Axis Greater China Equity FoF | 8.48 |
| Edelweiss Greater China Equity Off-Shore Fund | 7.45 |
| Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF | 7.21 |
Conclusion
Mirae Asset Mutual Fund’s July 2025 portfolio insights reveal a strategic emphasis on India’s banking, IT, and industrial leaders, reflecting a confident stance on these sectors’ long-term prospects. With its AUM growing steadily and its international funds showing impressive returns, Mirae Asset continues to be a significant entity in the Indian mutual fund space. The detailed breakdown of its Mirae Asset Mutual Fund Holdings, alongside the portfolio adjustments by other major fund houses, provides a comprehensive picture of the current investment landscape and the prevailing sentiment among leading asset managers.
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