Mutual funds betting massive on lately listed and new-age corporations | Inventory Market As we speak

Fund managers positioned massive bets on new-age corporations and lately listed companies in August with three such shares that includes within the high 5 most purchased inventory listing of mutual funds (MFs) final month.

Ola Electrical, which listed on August 9, was the second most purchased inventory as fund managers lapped up over Rs 2,740 crore price of shares. Newly listed FirstCry noticed MFs shopping for 40 million shares price Rs 2,550 crore. Zomato ranked fourth within the listing as MFs deployed Rs 2,500 crore within the inventory.

 

Axis Financial institution led the highest purchase listing as MFs purchased Rs 3,120 price of shares. Nevertheless, its bigger peer HDFC Financial institution noticed MFs pulling out as a lot as Rs 8,370 crore. The inventory, which has struggled to carry out in recent times, noticed a number of fund homes reducing allocation after making vital shopping for for six successive months. Quant MF utterly exited the inventory in August months after betting massive.  Different shares in essentially the most bought listing included Bharti Airtel, Zydus Lifesciences, Indus Towers, Coal India and Dixon Applied sciences.