Inflows into equity mutual funds, including equity-linked savings schemes, fell to a two-year low in January due to mixed domestic and global cues, weak investor sentiment and changes in mutual fund regulation.
Equity inflows declined 6.8 percent over the previous month to Rs 6,158 crore in January, according to data released by the Association of Mutual Funds in India. That's a third straight monthly decline.
Here's what two of India's largest mutual fund houses bought and sold in January:
HDFC Mutual Fund
India's largest asset manager has equity assets worth close to Rs 1.37 lakh crore invested in 370 securities. It allocated 32 percent of its portfolio to financials and 13.6 percent to industrials.
SBI Mutual Fund
The fund house manages assets over Rs 1.38 lakh crore across 368 stocks. It has the highest exposure towards financials at 35.2 percent, followed by technology at 11.1 percent.
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