 "mutual funds, factor funds, active momentum, multi-factor funds, ICICI Prudential, Bandhan MF, Kotak MF, Mirae Asset, quantitative investing, equity funds")
Mutual funds (MFs) — flush with cash amid record inflows in July — invested heavily in the ₹25,000-crore qualified institutional placement (QIP) of India's largest lender State Bank of India (SBI).
Fund managers acquired SBI shares worth ₹10,200 crore last month, making the lender their biggest buy in July.
According to Nuvama Alternative & Quantitative Research (NAQR) estimates, SBI MF and HDFC MF deployed the highest amounts at ₹2,322 and ₹1,500 crore, respectively. Quant MF and Nippon India MF bought close to ₹1,200 crore worth of shares each.
The largest ever QIP in India had drawn bids worth nearly four
