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

• 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)


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Inflows into equity MFs hit 1-year high in March on robust SIP and thematic fund investments