MFs added 34 lakh shares of RIL in June which were worth Rs 1,060 crore and the buyers included SBI MF and Quant MF.
Axis MF added Infosys shares aggregating up to Rs 675 crore in June while DSP MF purchased its shares to the tune of Rs 607 crore.
ICICI Lombard shares were fresh entrants in Kotak MF’s portfolio as the latter bought shares worth Rs 881 crore in June. Invesco also added shares amounting to Rs 167 crore.
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Meanwhile Dr Reddy’s was another top entry for Nippon India MF.
In June, inflows into equity mutual funds rose 17% to Rs 40,608 crore, up from Rs 34,697 crore in May, with more than half of the inflows coming from sectoral/thematic funds.
Sectoral/thematic funds saw a 16% increase in inflows, reaching Rs 22,351 crore. Meanwhile, debt mutual funds experienced an outflow of Rs 1.07 lakh crore in June, against an inflow of Rs 42,294 crore in May.
Among the equity mutual funds, multi-cap funds stood second in the inflow chart and received inflows of Rs 4,708 crore in June. All categories except for ELSS and focused funds received inflows in June. Both ELSS funds and focused funds have seen outflows for three consecutive months. In CY24, equity mutual funds have seen an inflow of Rs 1.65 lakh crore.
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