Active Stocks
Tue Mar 19 2024 15:58:41
  1. Tata Consultancy Services share price
  2. 3,977.55 -4.03%
  1. Tata Steel share price
  2. 148.65 -0.64%
  1. Bharti Airtel share price
  2. 1,227.85 0.23%
  1. Power Grid Corporation Of India share price
  2. 258.95 -2.28%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Mutual Funds / News/  What top mutual funds bought and sold last month
BackBack

What top mutual funds bought and sold last month

HDFC Mutual Fund held 1.2 trillion rupees in equities, with financials accounting for about 32% of stock assets
  •  ICICI Prudential Mutual Fund held equity assets of Rs. 1.2 trillion, with financials making up 26% of assets
  • Photo: iStockPremium
    Photo: iStock

    Mumbai: Inflows into Indian equity mutual funds in January were the smallest in two years as heightened market volatility and political uncertainty cooled demand for riskier assets.

    Stock funds took in a net 61.6 billion rupees ($866 million), the least since January 2017, and a seven percent decline over the previous month, data from the Association of Mutual Funds in India show.

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

    HDFC Mutual Fund

    India’s largest money manager held 1.2 trillion rupees in equities, with financials accounting for about 32 percent of stock assets followed by industrial companies at 14 percent.

    ICICI Prudential Mutual Fund

    The money manager held equity assets of 1.2 trillion rupees, with financials making up 26 percent of assets followed by technology at 10 percent.

    SBI Funds Management Pvt.

    The fund house had about 1.3 trillion rupees invested in about 270 stocks. Financials made up about 35 percent of assets, followed by technology at 11 percent.


    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

    Catch all the Mutual Fund news and updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 12 Feb 2019, 08:47 AM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App