{
  "id": 1597583,
  "title": "ICICI Bank overtakes HDFC Bank as top MF holding in July amid governance concerns",
  "url": "https://urgent.news/2026/08/18/icici-bank-overtakes-hdfc-bank-as-top-mf-holding-in-july-amid",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T00:20:17.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/mf/mf-news/icici-bank-overtakes-hdfc-bank-as-top-mf-holding-in-july-amid-governance-concerns/articleshow/133308820.cms"
  },
  "original_language": "en",
  "account": "In July, ICICI Bank has surpassed HDFC Bank to become the most valued stock holding in mutual fund portfolios, marking a shift after three years of HDFC Bank leading the pack. HDFC Bank's shares were valued at ₹2.96 lakh crore, while ICICI Bank's shares were valued at ₹3.01 lakh crore. Currently, mutual funds hold around 3.94 billion shares of HDFC Bank, compared to 2.10 billion shares of ICICI Bank. ICICI Bank now constitutes 5.35% of equity mutual fund holdings, whereas HDFC Bank accounts for 5.24%. The shift is attributed to lingering concerns over executive leadership succession and governance issues at HDFC Bank, while ICICI Bank has had a steadier performance with no similar governance concerns.",
  "summary": "ICICI Bank now leads mutual fund portfolios, surpassing HDFC Bank in July. This shift reflects investor concerns over HDFC Bank's leadership succession and governance issues. ICICI Bank has shown a steadier stock performance and stable results recently. Mutual funds have increased holdings in both banks, while overseas ownership has reduced. Reliance Industries, Bharti Airtel, and Axis Bank…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}