Equity mutual funds sold HDFC Bank in June, bought Kotak Mahindra Bank and exited 22 stocks entirely

In the month of June equity mutual funds saw just Rs 240 crore in inflows, the lowest data recorded by the Association of Mutual Funds (AMFI) so far this fiscal year. Open-ended equity schemes say investment of over Rs 5,250 crore in the month of May and in April the inflows were over Rs 6,200 crore. The changing sentiment was aided by heavy outflows witnessed in Multi Cap funds and Large Cap funds. Data shows that mutual funds sold some big banking names in June while 22 stocks were completely exited.

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