Inflows into equity mutual funds and equity-linked savings scheme fell to their lowest in 31 months in April as investors held back investments due to the uncertainty over the outcome of the general election and U.S.-China trade concerns.
Equity inflows dropped to Rs 4,609 crore during the month as compared to Rs 11,756 crore in March, according to data released by the Association of Mutual Funds in India. That's the worst since Rs 3,743 crore reported in September 2016.
Here's what India's largest asset managers bought and sold last month:
HDFC Mutual Fund
India's largest asset manager has equity assets worth close to Rs 1.44 lakh crore invested in 353 securities. Its largest exposures are in the financials (33.3 percent) and industrials (13.6 percent) sectors. Its largest five-year increase is in the financial sector and largest five-year decrease in the communications sector, according to Bloomberg Data.
ICICI Prudential Mutual Fund
The fund house has total equity assets of over Rs 1.25 lakh crore under management invested in 631 securities. By industry, its largest current exposures are in the financials (27.2 percent) and materials (9.5 percent) sectors.
SBI Mutual Fund
The fund house manages assets over Rs 1.4 lakh crore across 352 securities. It has the highest exposure to the financials sector at 36.3 percent followed by technology at 10.2 percent.
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