Equity mutual funds received inflows of ₹ 18,529 crore in May, compared to April’s ₹15,890 crore. This is the 15th straight month of investments despite selling pressure from FIIs.
Many Equity mutual fund schemes invested in the IPO stocks, include Life Insurance Corporation(LIC), Delhivery (6.28% stake), Paradeep Phosphates( 17.19% stake) and Prudent Advisory (10% stake).
Many Equity mutual fund schemes preferred to do fresh investment in TCS, Reliance, Tech Mahindra, Maruti, HDFC AMC, Hindalco, TVS Motor, M&M and Divi’s Lab.
Equity mutual fund schemes preferred to do fresh investment in Diamond & Jewellery, Gases & Fuels, Plastic Products, Textile and Trading sectors.
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 May month.
For all these snippets and much more please read through our report.