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Inflows into Indian equity mutual funds hit a five-month high in March.
Stock funds took in over Rs 11,750 crores, the highest since October, and more than double over the previous month, data from the Association of Mutual Funds in India show.
Heres what the top three asset managers bought and sold last month:
HDFC Mutual Fund
India's largest money manager held Rs 1.5 lakh crores in equities, with financials accounting for about 33 percent of stock assets followed by industrial companies at about 14 percent.
ICICI Prudential Mutual Fund
The money manager held equity assets of Rs 1.3 lakh crores, with financials making up 27 per cent of assets followed by materials at about 10 per cent and energy at 9.7 per cent.
SBI Funds Management Pvt
The fund house had about Rs 1.6 lakh crores invested in more than 300 stocks. Financials made up about 36 per cent of assets, followed by technology at 10 per cent.
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