Mutual funds bought stocks worth Rs 15,900 crore whereas FIIs sold Rs 11,000 crore in the secondary market in July. In order to actively manage the portfolios, mutual fund managers add or exit some stocks from their portfolios on a monthly basis. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in July, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.
The report highlighted key additions across the mutual fund industry, such as were Axis Bank (Rs 4,000 crore), INDO-MIM (Rs 3,700 crore) and Kotak Mahindra Bank (Rs 3,600 crore), while the key reductions included ICICI Bank (Rs 3,700 crore), Eternal (Rs 3,300 crore) and Reliance Industries (Rs 2,400 crore).
