What India's top three MFs bought and sold in January

By Ameya Karve

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 Rs 6,160 crore ($866 million), the least since January 2017, and a 7 per cent 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 Rs 1.2 lakh crore in equities, with financials accounting for about 32 per cent of stock assets followed by industrial companies at 14 per cent.

ICICI Prudential Mutual Fund
The money manager held equity assets of Rs 1.2 lakh crore, with financials making up 26 per cent of assets followed by technology at 10 per cent.

SBI Funds Management Pvt
The fund house had about Rs 1.3 lakh crore invested in about 270 stocks. Financials made up about 35 per cent of assets, followed by technology at 11 per cent.