Record inflows: Top 10 stocks that MFs shopped big for in past 6 months
Over the past six months, equity mutual funds attracted record net inflows of Rs 1.66 lakh crore. Fund managers deployed the money in the beaten down quality stocks
The Indian stock market continues its record run despite an increase in volatility. Over the past six months, the market has seen some wild swings in the run-up and after the Lok Sabha elections, the result of which was declared on June 4. The volatility, however, hasn’t deterred investors, who have continued their investment journey in equities through mutual funds. Equity mutual funds got record net inflows of Rs 1.66 lakh crore over the past six months, AMFI data shows. Volatility offers fund managers an opportunity to take new positions in the beaten down quality stocks. Here are the top 10 stocks that mutual funds increased their exposure in during the December 31-June 30 period. These stocks saw a significant increase in the number of shares (in percentage terms) in the mutual fund holdings. While drawing up the list, we only considered stocks in which mutual funds had a higher investment. Source: ACE MF.
2/11
Indus Towers M-Cap type: Mid Cap No. of schemes that added the stock over the last six month: 132 Total no. of schemes holding the stock as of June 30, 2024: 188
3/11
HDFC Life Insurance Company M-Cap type: Large Cap No. of schemes that added the stock over the last six month: 50 Total no. of schemes holding the stock: 192
Aurobindo Pharma M-Cap type: Mid Cap No. of schemes that added the stock over the last six month: 23 Total no. of schemes holding the stock: 164
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Adani Ports and Special Economic Zone M-Cap type: Large Cap No. of schemes that added the stock over the last six month: 62 Total no. of schemes holding the stock: 170
8/11
Kotak Mahindra Bank M-Cap type: Large Cap No. of schemes that added the stock over the last six month: 61 Total no. of schemes holding the stock: 366
