Domestic mutual funds actively reshuffled their global portfolios in April, with a clear tilt towards US-based technology and healthcare stocks.
The trading activity, as per PrimeMFDatabase.com, has revealed a strong appetite for tech stocks, with significant exits from select, high-value European and American companies. All top 10 global buys by MFs were US-listed companies. Of these, seven were from the technology sector, two from healthcare, and one from media and entertainment. Around 13 mutual funds continue to hold foreign equities, with the total holdings at Rs 42,006.68 crore in April, a nearly 3 percent fall from Rs 43,210 crore in March.
