What Mutual Funds Bought And Sold In July
Equity assets under management in July are at an all-time high of Rs 10.45 lakh crore, says ICICI Direct Research.
Inflows into equity mutual funds fell for the third straight month in July—the longest stretch in two years—as markets remained volatile amid rising crude prices and threat of a global trade war.
Equity assets under management during the month, however, hit an all-time high of Rs 10.45 lakh crore, according to a report by ICICI Direct Research. Investments through systematic investment plans were also at a record Rs 7,554 crore in July, it said.
HDFC Asset Management Company remains the largest fund manager by equity assets. Total money managed by the fund house in July stood at Rs 3.01 lakh crore, the report said.
Here’s what domestic mutual funds bought in July
Large-Cap Stocks
Dabur has been in focus after its sales volume grew in the first quarter.
Mid-Cap Stocks
Investors added AU Small Finance Bank and Punjab National Bank to their existing holdings.
Small-Cap Funds
Domestic funds have bought nearly 1 crore shares of the recently listed RITES Ltd., which rallied more than 50 percent in the last one month.