Reliance, BSE emerge top picks for mutual funds in September

Reliance Industries cemented its position as the most-favoured stock among mutual fund managers in September, attracting nearly ₹6,000 crore in fresh investments, according to latest market data. The energy and petrochemicals conglomerate's strong performance underscored continued institutional appetite for India's largest private sector company amid volatile global markets.

The BSE, India's premier stock exchange operator, secured the second spot with fund inflows exceeding ₹5,500 crore during the same period. The twin selections reflect mutual funds' preference for blue-chip stocks with established market positions and consistent dividend records.

The robust fund buying in both counters signals growing institutional confidence in India's macro-economic fundamentals despite global headwinds. Mutual fund managers have traditionally deployed capital into large-cap stocks during periods of market uncertainty, viewing them as relatively safer havens for investor capital.

The inflows into Reliance and BSE came as mutual funds continued to navigate volatile equity markets characterised by fluctuating interest rate expectations and geopolitical tensions. Market analysts attributed the sustained buying interest to these stocks' defensive characteristics and their integral role in India's financial and energy infrastructure.