What India’s Top Three Mutual Funds Bought and Sold in December
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

What India’s Top Three Mutual Funds Bought and Sold in December

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(Bloomberg) -- Inflows into Indian equity funds rebounded after three months of decline in December as the nation’s benchmark stock index hit a series of record highs.

Stock plans took in 45 billion rupees ($626 million) last month, according to the Association of Mutual Funds in India. That compares with 13.1 billion rupees received in November, which was the smallest inflow in more than three years.

Here’s what the top three asset managers bought and sold:

HDFC Mutual Fund

India’s largest money manager held $22 billion in equities, with financials accounting for 33% of stock assets followed by industrial companies at 13%.

What India’s Top Three Mutual Funds Bought and Sold in December
What India’s Top Three Mutual Funds Bought and Sold in December

ICICI Prudential Mutual Fund

The money manager held equity assets of $21 billion, with financials making up 28% of assets followed by materials at about 10%.

What India’s Top Three Mutual Funds Bought and Sold in December
What India’s Top Three Mutual Funds Bought and Sold in December

SBI Funds Management

The fund house held about $27 billion in over 300 stocks. Financials made up about 41% of assets, followed by technology at 9%.

What India’s Top Three Mutual Funds Bought and Sold in December
What India’s Top Three Mutual Funds Bought and Sold in December

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