What India’s top 3 MFs bought and sold in January

MF inflows at five-month high
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MF inflows at five-month high

Inflows into Indian equity funds rose to a five-month high in January amid signs of a revival in small- and mid-cap stocks, a battered corner of the $2.2 trillion market for two straight years. Stock plans took in 78.8 billion rupees ($1.1 billion) last month, according to the Association of Mutual Funds in India. That’s the highest since August.

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HDFC Mutual Fund Buys/Exits
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HDFC Mutual Fund Buys/Exits

India’s largest money manager held $22 billion in equities, with financials accounting for a third of the stock assets, followed by industrial companies at 12 per cent.

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HDFC Mutual Fund Added/ Reduced Stakes
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HDFC Mutual Fund Added/ Reduced Stakes

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 ICICI Prudential Mutual Fund Buys/Exits
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ICICI Prudential Mutual Fund Buys/Exits

The money manager held equity assets of $21 billion, with financials making up 28 per cent, followed by materials at 9 per cent.

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ICICI Prudential Mutual Fund Added/ Reduced Stakes
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ICICI Prudential Mutual Fund Added/ Reduced Stakes

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SBI Funds Added/ Reduced Stakes
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SBI Funds Added/ Reduced Stakes

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SBI Funds Buys/Exits
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SBI Funds Buys/Exits

The fund house held about $28 billion in over 300 stocks. Financials made up about 41 per cent of the assets, followed by technology at 9 per cent.

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