 "Equity MFs book gains in October winners amid Rs 6,300 cr net purchases")
Equity mutual funds (MFs) were seen booking gains in frontline stocks that saw stellar gains last month. Coal India, HCL Tech and L&T were among the most-sold stocks by domestic funds in October even as they rallied between 10 per cent and 16 per cent.
On the other hand, equity MFs invested the most in IndusInd Bank, Reliance Industries (RIL) and Infosys.
In October, MFs net bought shares worth Rs 6,300 crore and foreign portfolio investors (FPIs) pumped in Rs 7,600 crore. In the mid-cap space, Tata Chemicals, Zee Entertainment and Gland Pharma were the key additions by MFs.
They pruned holdings in NMDC, Voltas and Federal Bank. In the small-cap space, RBL Bank, Electronics Mart and Karur Vysya Bank were the key additions, while Rites, Welspun Corp and Metropolis Health saw the highest reduction in exposure.
On the other hand, equity MFs invested the most in IndusInd Bank, Reliance Industries (RIL) and Infosys.
In October, MFs net bought shares worth Rs 6,300 crore and foreign portfolio investors (FPIs) pumped in Rs 7,600 crore. In the mid-cap space, Tata Chemicals, Zee Entertainment and Gland Pharma were the key additions by MFs.
They pruned holdings in NMDC, Voltas and Federal Bank. In the small-cap space, RBL Bank, Electronics Mart and Karur Vysya Bank were the key additions, while Rites, Welspun Corp and Metropolis Health saw the highest reduction in exposure.
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