What India’s top three mutual funds bought and sold last month
1 min read 15 Jan 2020, 10:49 AM ISTInflows into equity mutual funds increased last monthHDFC Mutual Fund, India’s largest money manager, held $22 billion in equities
PremiumInflows into Indian equity funds rebounded after three months of decline in December as the nation’s benchmark stock index hit a series of record highs.
Stock plans took in ₹4500 crore($626 million) last month, according to the Association of Mutual Funds in India. That compares with ₹1310 crore received in November, which was the smallest inflow in more than three years.
Here’s what the top three asset managers bought and sold:
HDFC Mutual Fund
India’s largest money manager held $22 billion in equities, with financials accounting for 33% of stock assets followed by industrial companies at 13%.
New Buys/Exits
Added/Reduced Stakes
ICICI Prudential Mutual Fund
The money manager held equity assets of $21 billion, with financials making up 28% of assets followed by materials at about 10%.
New Buys/Exits
SBI Funds Management
The fund house held about $27 billion in over 300 stocks. Financials made up about 41% of assets, followed by technology at 9%.
New Buys/Exits
Added/Reduced Stakes
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