HDFC MF, India’s top money manager, held about $20 billion in equities
HDFC MF, India’s top money manager, held about $20 billion in equities

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

  • Equity mutual funds received 6,610 crore billion rupees ($931 million) last month, according to AMFI data
  • That’s 28% less than what the equity mutual funds got in August

Inflows into Indian stock funds halted a four-month rising streak even as the $2 trillion equity market logged its best September in six years after the government’s surprise $20 billion break to companies. Stock plans received 6,610 crore ($931 million) last month, according to the Association of Mutual Funds in India. That’s 28% less than what the funds got in August.

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

HDFC Mutual Fund

India’s top money manager held about $20 billion in equities, with financials accounting for 31% of stock assets followed by industrial companies at 14%.

New Buys/Exits

HDFC MF - New Buys/Exits in September
HDFC MF - New Buys/Exits in September

Added/Reduced Stakes

HDFC MF - Added/Reduced Stakes in September
HDFC MF - Added/Reduced Stakes in September

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 Prudential Mutual Fund - New Buys/Exits in September
ICICI Prudential Mutual Fund - New Buys/Exits in September

Added/Reduced Stakes

ICICI Prudential Mutual Fund - Added/Reduced Stakes in September
ICICI Prudential Mutual Fund - Added/Reduced Stakes in September

SBI Funds Management

The fund house held about $24 billion in more than 300 stocks. Financials made up about 40% of assets, followed by technology at 10%.

New Buys/Exits

SBI MF - New Buys/Exits in September
SBI MF - New Buys/Exits in September

Added/Reduced Stakes

SBI MF - Added/Reduced Stakes in September
SBI MF - Added/Reduced Stakes in September

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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