Inflows into equity mutual funds, including equity-linked savings schemes, fell to their lowest in over two years in February as investors held back investments amid market volatility and uncertainty ahead of the general election.
Equity inflows declined 16.8 percent over the previous month to Rs 5,122 crore, according to data released by the Association of Mutual Funds in India. That's a fourth straight monthly decline and the lowest level since January 2017.
That could be partly due to the fall in the number of systematic investment plans being registered—with more SIPs being stopped or maturing—as investors are increasingly looking at redeeming their investments.
Here's what India's largest asset managers bought and sold:
HDFC Mutual Fund
India's largest asset manager has equity assets worth close to Rs 1.42 lakh crore invested in 364 securities. Its largest exposures are in the financials (32.2 percent) and industrials (13.6 percent) sectors. Its largest five-year increase is in the financial sector.
SBI Mutual Fund
The fund house manages assets over Rs 1.4 lakh crore across 367 stocks. It has the highest exposure to financials sector at 34.8 percent followed by technology at 10.6 percent.
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