What India’s Top Three Mutual Funds Bought and Sold in September
A woman walks past a bronze bull statue at the entrance to the Bombay Stock Exchange (BSE) in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)

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

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(Bloomberg) -- Inflows into Indian stock funds halted a four-month rising streak even as the $2 trillion equity market logged its best September in six years after the government’s surprise $20 billion break to companies.

Stock plans received 66.1 billion rupees ($931 million) last month, according to the Association of Mutual Funds in India. That’s 28% less than what the funds got in August.

Here’s what the top three asset managers bought and sold:

HDFC Mutual Fund

India’s top money manager held about $20 billion in equities, with financials accounting for 31% of stock assets followed by industrial companies at 14%.

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

ICICI Prudential Mutual Fund

The money manager held equity assets of about $18 billion, with financials making up 28% of assets followed by materials at 10%.

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

SBI Funds Management

The fund house held about $24 billion in more than 300 stocks. Financials made up about 40% of assets, followed by technology at 10%.

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

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