Asset Management Companies - Buys, Sells In March: KRChoksey
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In a trend reversal from preceding months, March experienced net inflows into equity mutual funds. Utilities (Gail India Ltd., NTPC Ltd., Oil & Natural Gas Corp., Indian Oil Corp.) along with metal companies (Vedanta Ltd., Hindalco Ltd.) remained some of the top large cap counters which were sold by MFs.
Mutual Funds increased allocation to sectors in IT, healthcare, chemicals and cement on a month on month basis; whereas banks (mainly PSU) along with oil and gas, utilities and capital goods saw decrease in weightages on a month-on-month basis in March 2021.
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