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

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Inflow of mutual funds in India
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Inflow of mutual funds in India

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:

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HDFC AMC's new buys/exits
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HDFC AMC's new buys/exits

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

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HDFC AMC added/reduced stakes
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HDFC AMC added/reduced stakes

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ICICI Pru MF's new buys/exits
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ICICI Pru MF's new buys/exits

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

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ICICI Pru MF added/reduced stakes
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ICICI Pru MF added/reduced stakes

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SBI MF's new buys/exits
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SBI MF's new buys/exits

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%.

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SBI MF added/reduced stakes
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SBI MF added/reduced stakes

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