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

    Synopsis

    India’s top MF held about $22 billion in equities, with financials accounting for 34% of assets.

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    Stock plans received 60.2 billion rupees ($844 million) last month, according to AMFI.
    By Ameya Karve

    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%.

    1Bloomberg

    2Bloomberg

    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%.

    3Bloomberg

    4Bloomberg

    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%.
    5Bloomberg

    6Bloomberg

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    2 Comments on this Story

    Kishan Kedia350 days ago
    it is their individual decisions.doesnot matter any where.
    Thinker 350 days ago
    Buying and selling based on what Mutual Funds did is injurious to one''s portfolio.
    The Economic Times