Domestic mutual funds (MFs) pumped in nearly Rs 20,000 crore into domestic stocks in April. The deployment helped cushion the blow from foreign portfolio investors selling over Rs 28,600 crore.
An analysis by Edelweiss Alternative Research shows fund managers invested large sums in blue-chip stocks, such as Reliance Industries, Infosys, ICICI Bank, and SBI Cards, in April. Some of these stocks have seen sharp corrections this month. Money managers also tried to take money off the table in counters such as NTPC, HDFC Life Insurance Company, and Adani Ports and Special Economic Zone ...
