Assets of Indian mutual funds touched a fresh high in November even as equity assets grew at a slightly slower pace.
For the month of November, total assets managed by India’s fund houses jumped 6.4 percent from the last month to a record Rs 22.79 lakh crore. Equity assets grew at 3.6 percent to Rs 7.33 lakh crore sequentially.
Net inflows on a monthly basis more than doubled to Rs 1.26 lakh crore, the highest seen since April this year. Equity inflows, including equity-linked savings schemes, rose 27 percent to Rs 20,308 crore.
Here’s what India’s top three fund houses bought and sold for the month.
ICICI Prudential Mutual Fund
Total equity assets stood at $19.3 billion invested in 400 securities. The asset manager’s biggest exposure is to financials at 26.3 percent and industrials at 11.2-percent.
HDFC Mutual Fund
The fund house manage equity assets worth $19.6 billion invested in 397 securities. Sectorally, its largest current exposures are in financials at 32.3 percent and industrials at 15.6 percent.
Reliance Mutual Fund
The fund house manages equity investments worth $13.7 billion spread across 549 securities. Financials constitute the bulk of its portfolio at 28.1 percent while Industrials make up 16 percent.