Mutual funds stocked up shares of Larsen & Toubro Ltd, ITC Ltd and Bharti Airtel Ltd the most in November, reflecting the launch of Bharat 22 ETF (exchange-traded fund), while they locked in gains in HDFC Bank Ltd and Reliance Industries Ltd.
Mutual funds, the key among domestic institutional investors (DIIs), pumped in a net of Rs12,080.10 crore of Indian shares in November, according to data from depository NSDL Ltd. DIIs, as a whole, invested a net of Rs9,243.21 crore in the asset class last month, data from BSE Ltd showed.
Fund managers stocked up Rs2,457 crore of L&T shares in the month, the most among any stocks in November, data from mutual fund analytics firm Value Research India Pvt. Ltd showed. This was followed by Rs1,933 and Rs1,222 crore worth of shares of cigarette-to-hotels business ITC and Bharti Airtel, respectively.
