News From Press MFs increase holdings in key index heavyweights in April

MFs increase holdings in key index heavyweights in April

Source: Mint May 18, 2021

Domestic mutual funds increased their holdings in key index heavyweight stocks in April, even as net inflows into the equity segment declined in the month.

Mutual fund houses added index heavyweights such as Reliance Industries Ltd, Axis Bank, Tata Steel, HCL Technologies, State Bank of India (SBI), HDFC Ltd, Bajaj Finserv and UltraTech Cement in April, signalling a reversal of their stance in the past few months, data showed.

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