What India’s Top Three Mutual Funds Bought And Sold In September 

Assets managed by Indian mutual fund houses stood at over Rs 20 lakh crore in September for the second straight month.

At the end of quarter ended September, ICICI Prudential Mutual Fund, HDFC Mutual Fund ad Reliance Mutual Fund were the top three funds on the basis of assets under management, Bloomberg data showed. Here’s what they bought and sold last month.

HDFC Mutual Fund

The fund house’s total equity assets stand at $17.4 billion invested in 388 securities. The highest allocation of 30.6 percent is to financials followed by 16.4 percent to industrials. Over the last five years, the biggest increase in portfolio allocation was seen in financials, while consumer staples saw the biggest decline.

Reliance Mutual Fund

The fund house now manages $ 12.4 billion in equity assets invested in 524 securities. Here too, exposure to financials was the highest at 28.8 percent followed by industrials at 15.1 percent. Over the last five years, Reliance Mutual Fund increased its allocation to financials the most, while telecom saw the maximum reduction in exposure.

ICICI Prudential Mutual Fund

The fund house’s assets under management stood at $ 15.7 billion last month, invested in 392 securities. The highest allocation is to financials at 26.6 percent followed by consumer discretionary at 10.9 percent. Over the last five years, the biggest increase in portfolio allocation was seen in financials.