Here’s what HDFC AMC, ICICI Prudential, SBI AMC and other top mutual funds bought and sold in May

Equity mutual funds were seen selling some pharmaceutical stocks among their large-cap and mid-cap bets while they bought some big names like Hindustan Unilever and Tata Motors in the month of May. As shares of Mukesh Ambani’s Reliance Industries Ltd continued surging, mutual funds booked profits on the stock while also picking up some Bharti Airtel shares, according to a report by ICICI Direct. In the month of May mutual funds saw inflows worth Rs 5,000 crore, down 15% from the Rs 6,213 crore in inflows that equity schemes received in April. Large part of the inflows was directed towards large-cap funds.

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