Stocks that India’s Top Three Mutual Funds Bought and Sold Last Month

Ameya Karve , Bloomberg

• HDFC Mutual Fund held about $22 billion in equities

• Financials accounted for 34% of stock assets

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. Equity mutual funds received₹6,020 crore ($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%.

HDFC Mutual Fund - New Buys/Exits

HDFC Mutual Fund - Added/Reduced Stakes

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%.

ICICI Prudential Mutual Fund - New Buys/Exits

ICICI Prudential Mutual Fund - Added/Reduced Stakes

SBI Funds Management

SBI MF - New Buys/Exits

SBI MF - Added/Reduced Stakes

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

(Except for the headline, this story has not been edited by Scrabbl staff and is published from a syndicated feed.)