Equity mutual funds received highest ever inflows of ₹ 28,463 crore in March. This is the 13th straight month of investments despite selling pressure from FIIs.
Many Equity mutual fund schemes preferred to invest in Kotak Mahindra Bank, Maruti Suzuki, HDFC Bank, ICICI Bank, HDFC, ONGC, L&T, HUL and UltraTech Cement. Mutual fund schemes trimmed the exposure in ITC, Hindalco, Bharti Airtel and Sun Pharmaceuticals.
Paytm, Nykaa, Star Health Insurance and Intellect Design were new entrants for several equity schemes in their portfolio.
Equity mutual fund schemes preferred to invest in Hospitality, Agriculture, Media & Entertainment and Ratings 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 March month.
For all these snippets and much more please read through our report.