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Mutual funds deploy ₹20,700 crore in March with huge buying in RIL, Infosys & HDFC

Mutual funds deploy ₹20,700 crore in March with huge buying in RIL, Infosys & HDFC
Stock Market3 min read
  • Key stocks that mutual funds bought during March include Reliance Industries, Infosys and HDFC.
  • Inflows into equity mutual funds have been constantly rising with it reaching 12-month high in March 2023.
  • The net assets under management (AUM) of the mutual fund industry stood at ₹39.42 lakh crore as on March 31, 2023.
As inflows into equity mutual funds continue to rise, mutual funds were able to deploy ₹20,700 crore in the Indian secondary market, said a report by Nuvama Institutional Equities (previously known as Edelweiss Institutional Equities).

Inflows into equity mutual funds have been constantly rising with it reaching 12-month high in March 2023 at ₹20,534 crore. They were at ₹15,685 crore in February and ₹12,546 crore in January, according to AMFI, the regulatory body for the mutual funds sector.

The net assets under management (AUM) of the mutual fund industry stood at ₹39.42 lakh crore as on March 31, 2023.

Key stocks that mutual funds bought during March include Reliance Industries, Infosys and HDFC, as per Nuvama.
Key additions by MFs in large cap

Key deductions by MFs in large cap

Infosys

UltraTech Cements

RIL

SRF

HDFC

Max Healthcare Institute

(Source:Nuvama Institutional Equities)

MF bets on mid caps pay off
A recent analysis of the Value Research report shows most funds in the list of top 20 best performing mutual funds in the last one year were from the mid cap category that have higher returns.

Note that interest in mid caps has been growing in the last three quarters as it saw inflows of ₹14,632 crore at a time when large-cap funds witnessed inflows worth less than half of it at ₹6,392 crore in the last three quarters.

Here are stocks under the mid and small cap category that mutual funds bought and sold in March, 2023.
Key additions in Midcap by MFs

Key reductions in Midcap by MFs

Key additions in Smallcap by MFs

Key reductions in Smallcap by MFs

HDFC AMC

PB Fintech

Kirloskar Oil

Zydus Wellness

Sona BLW Precision

Patanjali Foods

Data Patterns

Quess Corp

Biocon

National Aluminium Company

Divgi TorqTransfer

Kalpataru Power

Mahindra CIE

Container Corporation of India



(Source:Nuvama Institutional Equities)


SEE ALSO: Infosys sees 4-7% revenue growth in FY24 after it misses its own FY23 revenue guidance
Inflows into equity MFs hit 1-year high in March on robust SIP and thematic fund investments

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