NMDC, Britannia Industries, Adani Ports and SEZ, Adani Enterprises are among the top 10 large cap company stocks bought by mutual funds in the month of July. - From the list of top large cap stocks bought in July by mutual funds, YES Bank has fallen 27%, and Hero MotoCorp has slipped 23% in the last six months.
- The industry received inflows of ₹22,583 crore in equity mutual funds in July.
The industry received inflows of ₹22,583 crore in equity mutual funds in July. These inflows have pushed the overall mutual fund industry’s assets under management (AUM) to ₹35.31 lakh crore as of July 2021.
Mutual fund industry manages the hard earned money of crores of investors with their quality research team. Hence it is interesting and worthy to get to know what all stocks the industry is adding to their portfolio.
Here is a list of top stocks bought by the mutual fund industry in July, according to a report by ICICIDirect.
The mutual funds industry has added the highest numbers of shares of NMDC, YES Bank, HDFC Life Insurance, some Adani Group companies — Adani Port and SEZ, Adani Enterprises in July.
From the list of large cap stocks bought in July by mutual funds, YES Bank has fallen 27%, and Hero MotoCorp has slipped 23% in the last six months.
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Interestingly, the fund houses have added the most number of stocks of debt ridden telecom operator Vodafone Idea. To put into perspective, Vodafone Idea is currently going through turbulent times to raise funds, with one of its promoters, Kumar Mangalam Birla, ready to give up his 27% stake.
GMR Infrastructure, Indraprastha Gas and Aditya Birla Fashion and Retail were among top stocks in mid-cap companies bought by mutual funds in July.
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The mutual fund industry has added the highest number of shares of public sector loan financing company Housing & Urban Development Corporation. The stock has fallen 18% in the last one month.
Jindal Stainless, Arvind and Indiabulls Real Estate were other top buys by the mutual fund industry.
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