Indian investors plowed money into equity funds for a 62nd straight month in April, though inflows eased from the previous month. Stock funds took in 384.4 billion rupees ($4 billion) in April, data from the Association of Mutual Funds in India show, compared with 404.5 billion rupees in March READ: Indian Stock Fund Inflows Ease in April but Extend 62-Month Run Here’s what the top three asset man...
Indian investors plowed money into equity funds for a 62nd straight month in April, though inflows eased from the previous month. Stock funds took in 384.4 billion rupees ($4 billion) in April, data from the Association of Mutual Funds in India show, compared with 404.5 billion rupees in March READ: Indian Stock Fund Inflows Ease in April but Extend 62-Month Run Here’s what the top three asset managers bought and sold last month: SBI Funds Management SBI Funds Management held $106.5 billion in equities, with financials accounting for 39%, followed by consumer discretionary companies at 9.3%. New Buys/Exits Vedanta Aluminium Metal Ltd 28,760,125 Talwandi Sabo Power Ltd 28,760,125 Vedanta Iron and Steel Ltd 28,760,125 CORONA Remedies Ltd -75,000 Unicommerce eSolutions Ltd -361,882 KNR Constructions Ltd -9,829,325 Added/Reduced Stakes NMDC Ltd 32,040,026 ICICI Bank Ltd 30,835,933 Kotak Mahindra Bank Ltd 18,412,262 Hindalco Industries Ltd -16,895,986 HDFC Bank Ltd -20,435,108 Samvardhana Motherson International Ltd -74,231,898 ICICI Pru AMC ICICI Pru AMC held equity assets of $80.8 billion, with financials making up 26% of assets, followed by consumer discretionary at 11%. New Buys/Exits Vedanta Aluminium Metal Ltd 70,998,086 Talwandi Sabo Power Ltd 70,998,086 Malco Energy Ltd 70,998,086 NESCO Ltd -14,217 Ganesha Ecosphere Ltd -16,942 Ceigall India Ltd -45,823 Added/Reduced Stakes Suzlon Energy Ltd 29,389,908 HDFC Bank Ltd 25,785,813 ITC Hotels Ltd 22,159,104 ITC Ltd -26,405,273 NTPC Ltd -48,519,771 Wipro Ltd -50,479,730 HDFC AMC HDFC AMC held 763 stocks in its $63.2 billion portfolio. Financials made up 30% of assets, followed by consumer discretionary at 13%. New Buys/Exits Onemi Technology Solutions Ltd 2,339,169 Malco Energy Ltd 2,266,811 Talwandi Sabo Power Ltd 2,266,811 Manorama Industries Ltd -12,373 Reliance Infrastructure Ltd -313,556 Added/Reduced Stakes Eternal Ltd 34,046,685 NTPC Ltd 12,129,302 Kotak Mahindra Bank Ltd 8,493,329 Vodafone Idea Ltd Ordinary Sha...