BackWhat India’s top three mutual funds bought and sold last month
Equity mutual funds received ₹9,150 crore inflows last monthThis is the highest since March
PremiumInflows 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
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
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
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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