Equity mutual funds received Rs 19,705 cr net inflow in February. This is the twelfth straight month of investments.
Many Equity mutual fund schemes invested in Vedant Fashions IPO. Overall Equity mutual funds acquired 7.04% stake in Vedant Fashions and 4.7% stake in Equitas Small Finance Bank.
Cipla, Tata Motors, Bank of Baroda , Maruti, HDFC, Hindalco, Mphasis, Bharat Forge, Power Grid, Ashok Leyland and Metropolis were new entrants for several equity schemes in their portfolio.
Equity mutual fund schemes preferred to invest in Insurance, Textile, Mining, Capital Goods and Hospitality sectors in February.
It is very interesting to know which schemes received major inflows, which schemes faced redemption pressure, top traded stocks and fresh stock picks by Equity MF schemes during February month.
For all these snippets and much more please read through our report.