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What stocks India’s top three mutual funds bought and sold last month

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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 7,880 crore ($1.1 billion) last month, according to the Association of Mutual Funds in India. That’s the highest since August.

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

HDFC Mutual Fund

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%.

New Buys/Exits

HDFC Mutual Fund: New Buys/Exits
HDFC Mutual Fund: New Buys/Exits

Added/Reduced Stakes

HDFC MF: HDFC Mutual Fund
HDFC MF: HDFC Mutual Fund

ICICI Prudential Mutual Fund

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

New Buys/Exits

ICICI Prudential Mutual Fund: New Buys/Exits
ICICI Prudential Mutual Fund: New Buys/Exits

Added/Reduced Stakes

ICICI Pru MF: Added/Reduced Stakes
ICICI Pru MF: Added/Reduced Stakes

SBI Funds Management

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

New Buys/Exits

SBI MF - New Buys/Exits
SBI MF – New Buys/Exits

Added/Reduced Stakes

SBI MF -Added/Reduced Stakes
SBI MF -Added/Reduced Stakes

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