Mutual funds bought stocks worth Rs 30,600 crore in the Indian secondary market in April. Mutual fund managers, in order to actively manage the portfolios, 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 April according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.
The report highlighted the key additions across the mutual fund industry. They were ICICI Bank (Rs 8,300 crore), SBI (Rs 4,300 crore) and Sun Pharma (Rs 2,600 crore), while the key reductions were Wipro (Rs 2,400 crore), HDFC Bank (Rs 2,200 crore) and Hindalco Industries (Rs 2,000 crore).
