Investors in Indian equity mutual funds bought more last month, unfazed by the selloff that saw the nation’s $1.9 trillion market log its worst July in 17 years. Stock plans received 8,110 crore ($1.2 billion), according to the Association of Mutual Funds in India. That’s an increase from 7,660 crore that the funds got in June and the highest in four months.

Here’s what the top three asset managers bought and sold last month:

HDFC Mutual Fund

India’s top money manager held about $21 billion in equities, with financials accounting for 32% of stock assets followed by industrial companies at 14%.

HDFC Mutual Fund: New Buys/Exits
HDFC Mutual Fund: New Buys/Exits
HDFC Mutual Fund: Added/Reduced Stakes
HDFC Mutual Fund: Added/Reduced Stakes

ICICI Prudential Mutual Fund

The money manager held equity assets of about $18 billion, with financials making up 28% of assets followed by materials at 10%.

ICICI Mutual Fund: New Buys/Exits
ICICI Mutual Fund: New Buys/Exits
ICICI Mutual Fund: Added/Reduced Stakes
ICICI Mutual Fund: Added/Reduced Stakes

SBI Funds Management

The fund house held about $23 billion in more than 340 stocks. Financials made up about 40% of assets, followed by technology at 11%.

SBI Mutual Fund: New Buys/Exits
SBI Mutual Fund: New Buys/Exits
SBI Mutual Fund: Added/Reduced Stakes
SBI Mutual Fund: Added/Reduced Stakes

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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