InvestorQ : What exactly were the stocks that mutual funds bought and sold in the month of March 2021?
Deepa Salunkhe made post

What exactly were the stocks that mutual funds bought and sold in the month of March 2021?

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Arya Nanda answered.
3 weeks ago
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The total inflows into equity funds were in excess of Rs.9100 crore in March 2021, but did it really have an impact on MF flows into equity markets? Even in the month of March 2021, the broad trend was that mutual fund managers were consistently selling into large cap stocks. However, the Mutual funds collectively purchased Rs.1600 crore worth of IPOs, while the share like BPCL, Bank of Baroda, Wabco, SBI cards and Tata Communication attracted a lot of interest. Government divested its stake in TCOM fully in Mar-21.

However, the trend of mutual funds paring their stake in blue chips continued unabated. These MFs sold into blue chips like, Reliance Industries, Hindustan Unilever, ICICI Bank, Vedanta and Maruti Suzuki during March 2021. This has been the general trend in the last few months with MFs but the sharp inflows into equity funds on a net basis means that the funds would surely be sitting on ample liquidity to deploy in the markets.

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