Equity mutual funds received inflows of ₹ 15,890 crore in April, compared to March’s ₹28,463 crore. This is the 14th straight month of investments despite selling pressure from FIIs.
Many Equity mutual fund schemes preferred to do fresh investment in HDFC Bank, HDFC, Reliance, SBI Cards, Bandhan Bank, ZEE Entertainment, TVS Motor, Gland Pharma and Endurance Technologies.
Mutual fund schemes trimmed the exposure in ITC, TCS, HUL, NTPC, Tata Steel and Kotak Mahindra Bank.
Many Equity mutual fund schemes completely exited from their investments in Tech Mahindra, Maruti, L&T, Jubilant Foodworks, TCS, Indraprastha Gas and Manappuram Finance.
It is very interesting to know which schemes received major inflows, which schemes faced redemption pressure, top traded stocks and fresh stock picks by AMCs during April month.
For all these snippets and much more please read through our report.