Total inflows into equity funds declined in July as markets remained volatile amid rising crude prices and the threat of a global tariff war.
Net inflows into equity funds fell 14.9 percent sequentially to Rs 9,660 crore in June. The industry saw an overall inflow of Rs 46,475 crore in June compared with an outflow of more than Rs 50,000 crore in May, according to data released by the Association of Mutual Funds in India.
Here’s what India’s top three mutual fund houses bought and sold in June:
ICICI Prudential Mutual Fund
The fund house manages equity assets worth nearly Rs 1.26 lakh crore invested in 634 securities. Its largest exposure was towards financials (23.4 percent) followed by utilities (10.5 percent).
HDFC Mutual Fund
Total equity assets under management stood at Rs 1.7 lakh crore across 397 securities. It allocated 31.6 percent of the portfolio to financials and 14.6 percent to industrials.
Aditya Birla Sun Life Mutual Fund
The fund house now manages equity assets worth over Rs 77,000 crore invested in 490 stocks. By sector, the highest allocation was towards financials at 31.3 percent followed by consumer discretionary at 12.9 percent.