Published on 16/10/2019 1:26:43 PM | Source: Live Mint

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

Posted in Mutual Fund Analysis| #India #Mutual Fund

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Inflows into Indian stock funds halted a four-month rising streak even as the $2 trillion equity market logged its best September in six years after the government’s surprise $20 billion break to companies. Stock plans received ₹6,610 crore ($931 million) last month, according to the Association of Mutual Funds in India. That’s 28% less than what the funds got in August.

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

HDFC Mutual Fund

India’s top money manager held about $20 billion in equities, with financials accounting for 31% of stock assets followed by industrial companies at 14%.

New Buys/Exits

Added/Reduced Stakes

ICICI Prudential Mutual Fund

The money manager held equity assets of about $18 billion, with financials making up 28% of assets followed by materials at 10%.

New Buys/Exits

Added/Reduced Stakes

SBI Funds Management

The fund house held about $24 billion in more than 300 stocks. Financials made up about 40% of assets, followed by technology at 10%.

New Buys/Exits

Added/Reduced Stakes

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