MENU

Published on 13/12/2019 11:03:20 AM | Source: Live Mint

What stocks India`s top three mutual funds bought and sold last month

Posted in Mutual Fund Analysis| #India #Mutual Fund

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

SINGAPORE : Inflows into Indian equity funds shrunk to the lowest in more than three years last month as some investors exited after the nation’s $2.1 trillion market powered to a record despite a faltering economy.

Stock plans received 13.1 billion rupees ($184 million) in November, according to the Association of Mutual Funds in India. The flow compares with 60 billion received in October, and is the smallest since June 2016.

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

HDFC Mutual Fund

India’s largest money manager held $21 billion in equities, with financials accounting for 34% of stock assets followed by industrial companies at 13%.

ICICI Prudential Mutual Fund

The money manager held equity assets of $20 billion, with financials making up 28% of assets followed by materials at 9%.

SBI Funds Management

The fund house held about $26 billion in more than 300 stocks. Financials made up about 42% of assets, followed by energy at 9.4%.

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