What India’s Top Three Mutual Funds Bought and Sold in January
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee banknote in an arranged photograph in Thailand. (Photographer: Brent Lewin/Bloomberg)

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

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(Bloomberg) -- Inflows into Indian equity funds rose to a five-month high in January amid signs of a revival in small- and mid-cap stocks, a battered corner of the $2.2 trillion market for two straight years.

Stock plans took in 78.8 billion rupees ($1.1 billion) last month, according to the Association of Mutual Funds in India. That’s the highest since August.

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 a third of the stock assets, followed by industrial companies at 12%.

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

ICICI Prudential Mutual Fund

The money manager held equity assets of $21 billion, with financials making up 28%, followed by materials at 9%.

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

SBI Funds Management

The fund house held about $28 billion in over 300 stocks. Financials made up about 41% of the assets, followed by technology at 9%.

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

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