mutual funds bought stocks worth Rs 282 billion in the Indian secondary market. Mutual funds always add or exit certain stocks in their portfolio to offer better returns. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in June, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.
The key additions by mutual funds were Indus Tower, HDFC Bank, Mphasis. Meanwhile, the MFs reduced their stake from ICICI Bank, Hindalco, and Bharat Electronics.
The new entry in the largecap segment was Hindustan Zinc. Mutual funds made a complete exit from Adani Green. The top additions in the largecap space were HDFC Bank, Infosys, Reliance Industries, ICICI Lombard, and Dr Reddy Laboratories while the top reductions were Hindustan Aeronautics, Bharat Electronics, Tata Motors, State Bank of India, and Sun Pharma Industries.
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-111748535»>
Mutual funds' top additions in the largecap segment for three consecutive months were Reliance Industries, HDFC Bank, Infosys, Life Insurance Corporation, and Hindustan Unilever. On the other hand, the key reductions in the same segment were Hindustan Aeronautics, Avenue Supermarts, Bharat Electronics, A B B, and LTIMindtree.
In the midcap segment, the key buying was seen in Mphasis, Indus Tower, and ZF Commercial Vehicles while the selling was seen in Cummins India, BHEL, Indian Hotels, Persistent System, and Hero MotoCorp.
The key