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Friday, September 24, 2021

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

Everything that was bought and sold in the month of October by HDFC Mutual Fund, ICICI Prudential Mutual Fund and SBI Funds Management.

By: Bloomberg |
Updated: November 13, 2019 1:53:38 pm
mutual funds Motorcyclist drive past an advertisment of The Association of Mutual Funds in India (AMFI) in Mumbai, Maharashtra, India. (Image source: Bloomberg)

Inflows into Indian stock funds declined to the lowest since May even as the $2.1 trillion equity market rose for the second straight month in October.

Stock plans received 60.2 billion rupees ($844 million) last month, according to the Association of Mutual Funds in India. That’s 9% less than what they got in September and the smallest inflow since May.

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

HDFC Mutual Fund

India’s top money manager held about $22 billion in equities, with financials accounting for 34% of stock assets followed by industrial companies at 13%.

(Chart source: Bloomberg) (Chart source: Bloomberg)

ICICI Prudential Mutual Fund

The money manager held equity assets of about $21 billion, with financials making up 29% of assets followed by materials at 9%.

(Chart source: Bloomberg) (Chart source: Bloomberg)

SBI Funds Management

The fund house held about $26 billion in more than 300 stocks. Financials made up about 42% of assets, followed by energy at 9%.

(Chart source: Bloomberg) (Chart source: Bloomberg)

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