Here's what top three mutual funds bought and sold in March

Inflows into Indian equity mutual funds hit a five-month high in March, induced by the rally that recently lifted the $2.2 trillion stock market to a record.

Stock funds took in about Rs 118 billion ($1.7 billion), the highest since October, and more than double over the previous month, data from the Association of Mutual Funds in India show.

Here’s what the top three asset managers bought and sold last month:

HDFC Mutual Fund

India’s largest money manager held Rs 1.5 trillion in equities, with financials accounting for about 33 per cent of stock assets followed by industrial companies at about 14 per cent.

ICICI