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HDFC Mutual Fund: Financials accounted for 33% of stock assets
HDFC Mutual Fund: Financials accounted for 33% of stock assets

What India’s top three mutual funds bought and sold last month

  • Inflows into equity mutual funds increased last month
  • HDFC Mutual Fund, India’s largest money manager, held $22 billion in equities

Inflows 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

HDFC Mutual Fund - New Buys/Exits
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HDFC Mutual Fund - New Buys/Exits

Added/Reduced Stakes

HDFC MF - Added/Reduced Stakes
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HDFC MF - 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

ICICI MF - New Buys/Exits
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ICICI MF - New Buys/Exits
ICICI MF - Added/Reduced Stakes
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ICICI MF - Added/Reduced Stakes

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

SBI MF - New Buys/Exits
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SBI MF - New Buys/Exits

Added/Reduced Stakes

SBI MF - Added/Reduced Stakes
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SBI MF - 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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