Mutual funds bought stocks worth Rs 50,600 crore whereas FIIs sold Rs 35,200 crore in the secondary market in June. Mutual fund managers add or exit stocks from their portfolios monthly to actively manage them. Mentioned below are the large, mid, and smallcap stocks that mutual funds bought and sold in June 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 JSWInfra (Rs 4,700 crore), Bajaj Finance (Rs 4,700 crore) and HDFC Bank (Rs 4,100 crore), while the key reductions were Asian Paints (Rs 1,700 crore), ICICI Bank (Rs 1,700 crore) and State Bank of India (Rs 1,600 crore).
