Top five mutual fund houses buy beaten down stocks

The top five mutual fund houses such as HDFC AMC, ICICI Pru AMC, Reliance MF, Birla Sun Life AMC, and UTI AMC, which together hold about 55% market share in the mutual fund industry have bought stocks that have been beaten down and were trading at attractive levels in February.

HDFC Mutual Fund have bought ITC and Hindalco, ICICI Prudential Mutual Fund have bought into ICICI Bank and SBI, whereas Reliance Mutual Fund bought stocks like Tata Motors.

Among the midcap stocks fund houses have bought stock such as Aditya Birla Fashion and Indian Hotels. Mutual funds have invested Rs 5,946 crore in stocks during February according to SEBI data, whereas foreign institutional investors (FIIs) sold stocks worth Rs 5,521 crore during the same period.