Zomato, Nykaa, HDFC among top largecap stocks that mutual funds bought in May: Check full list here

The inflows into equity mutual funds declined sharply to ₹2,906 crore in the month of May as investors opted to book profits while the market hovered near all-time high levels.

The large cap funds registered net outflow of ₹1,362 crore during the month, while smallcap funds saw inflows to the tune of ₹3,283 crore, as per the latest AMFI data.

Read here: Equity mutual fund inflows fall to ₹2,906 crore in May; SIP inflows hit record high: AMFI Data

The benchmark Nifty gained 2.6% in the month of May led by sustained inflows of foreign capital, better March quarter performance of India Inc and improving domestic macros. The foreign institutional investors (FII) pumped ₹27,856.48 crore into Indian equities during the month, while domestic institutional investors (DII) were net sellers to the tune of ₹3,306.65 crore.

The top ten large cap stocks bought by mutual funds in May included HDFC, Hindalco Industries, Zomato, HDFC Life Insurance Company, FSN E-Commerce Ventures (Nykaa), Adani Total Gas, Indus Towers, Tata Elxsi, JSW Steel and UPL, as per ICICI Direct report.

Here are the top 10 large cap stocks that mutual funds bought the most in the month of May, as per ICICI Direct report.

Notably, Zomato, Nykaa and Indus Towers were also among the top 10 large cap buys by mutual funds in the month of April.

On the other hand, the top ten large cap stocks that fund houses sold last month included Life Insurance Corporation of India (LIC), Kotak Mahindra Bank, Indian Oil Corporation, Hero MotoCorp, Hindustan Aeronautics, Hindustan Zinc, Torrent Pharmaceuticals, Macrotech Developers, Eicher Motors and Pidilite Industries.

Here are the top 10 large cap stocks that mutual funds sold the most in May, as per ICICI Direct report.

Moreover, as per the data, LIC, Eicher Motors and Hero MotoCorp were also among the top large cap sells by fund houses in April.

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