Inflows into Indian equity mutual funds rose for the fourth straight month in August even as the nation’s stocks suffered their worst three-month period since 2016. Stock plans received 9,150 crore ($1.2 billion), according to the Association of Mutual Funds in India. That’s an increase from 8,110 crore that the funds got in July and the highest since March.

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

HDFC Mutual Fund

India’s top money manager held about $20 billion in equities, with financials accounting for 32% of stock assets followed by industrial companies at 13%.

New Buys/Exits

HDFC MF - New Buys/Exits
HDFC MF - New Buys/Exits

Added/Reduced Stakes



HDFC MF - Added/Reduced Stakes
HDFC MF - 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%.

New Buys/Exits

ICICI Pru MF - New buys/Exits
ICICI Pru MF - New buys/Exits

Added/Reduced Stakes

ICICI MF - Added/Reduced Stakes
ICICI MF - Added/Reduced Stakes

SBI Funds Management

The fund house held about $23 billion in more than 300 stocks. Financials made up about 39% of assets, followed by technology at 11%.

New Buys/Exits

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

Added/Reduced Stakes

SBI MF - Added/Reduced Stakes
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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