What India’s Top Three Mutual Funds Bought And Sold In December
Equities as an asset class continued to see net inflows in December. This, despite a 24 percent decline in inflows on a month-on-month basis and record outflows from mutual funds last month.
Here’s what India’s top three mutual funds bought and sold in December.
ICICI Prudential Mutual Fund
Total current equity assets stood at $19.4 billion invested in 401 securities. The asset manager’s biggest exposure is to financials at 27.1 percent and industrials at 11.5 percent.
HDFC Mutual Fund
Total current equity assets stood at $21.2 billion invested in 396 securities. The biggest current exposures for the fund house are in financials at 33 percent, followed by industrials at 16 percent.
Reliance Mutual Fund
Total equity assets stood at $14.7 billion invested in 535 securities. The asset manager’s biggest exposure is again to financials, which constitutes 28 percent of the portfolio, and industrials at 16.5 percent.