Stocks

What India’s top three mutual funds bought and sold in February

Bloomberg Mumbai | Updated on March 13, 2019 Published on March 13, 2019

Inflows into Indian equity mutual funds in February were the smallest in more than two years as savers held back investments amid market volatility and uncertainty ahead of the general election starting next month.

Stock funds took in a net Rs 5130 crore, a 17 per cent drop over January, data from the the Association of Mutual Funds show. That is a fourth straight monthly decline and the lowest level since January 2017.

Here is what the top three asset managers bought and sold last month:

HDFC Mutual Fund

India’s largest money manager held Rs1,30,000 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 1,10,000 crore, with financials making up 27 per cent of assets followed by energy at 10 per cent.

SBI Funds Management Pvt

The fund house had about Rs 1,40,000 crore invested in more than 350 stocks. Financials made up about 35 per cent of assets, followed by technology at 11 per cent. The fund did not add a new position or completely exit a stock last month.

Published on March 13, 2019
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