What India’s top 3 MFs bought and sold in January
MF inflows at five-month high
Inflows into Indian equity funds rose to a five-month high in January amid signs of a revival in small- and mid-cap stocks, a battered corner of the $2.2 trillion market for two straight years. Stock plans took in 78.8 billion rupees ($1.1 billion) last month, according to the Association of Mutual Funds in India. That’s the highest since August.
HDFC Mutual Fund Buys/Exits
India’s largest money manager held $22 billion in equities, with financials accounting for a third of the stock assets, followed by industrial companies at 12 per cent.
HDFC Mutual Fund Added/ Reduced Stakes
ICICI Prudential Mutual Fund Buys/Exits
The money manager held equity assets of $21 billion, with financials making up 28 per cent, followed by materials at 9 per cent.
ICICI Prudential Mutual Fund Added/ Reduced Stakes
SBI Funds Added/ Reduced Stakes
SBI Funds Buys/Exits
The fund house held about $28 billion in over 300 stocks. Financials made up about 41 per cent of the assets, followed by technology at 9 per cent.