Zomato, RIL, and BSE among stocks that mutual funds bought and sold in November
Mutual funds in November bought stocks worth Rs 264 billion in the Indian secondary market. The mutual fund managers actively churn the scheme portfolios and accordingly make changes from their portfolios to deliver better performance. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in November, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.
The highest deployment by the mutual fund industry were Zomato's QIP (Rs 56 billion), IPOs of Swiggy (Rs 53 billion), and NTPC Green (Rs 40 billion). Meanwhile, mutual funds utilised the MSCI-driven liquidity at the end of November to partially exit inclusion such as HDFC Bank (Rs 110 billion), Voltas (Rs 14 billion), Oberoi Realty (Rs 11 billion), and Alkem (Rs 8 billion).
Also Read | Mutual funds see Rs 8,995 crore inflow in mid and small cap funds in November. Should you allocate more?
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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-116240239»>The key additions by the mutual fund industry were Zomato (Rs 56 billion), Swiggy (Rs 54 billion), and Reliance Industries (Rs 50 billion) while the key reductions were from HDFC Bank (Rs 110 billion), Power Grid Corporation (Rs 17 billion), and Voltas (Rs 13 billion).
The top additions in the large cap space for three consecutive months were Life Insurance Corporation, ITC, Hindustan Unilever, Larsen & Toubro and Axis Bank. The top reductions during the same period were HCL Technologies, Hindustan Aeronautics,
