Financials continued to be the stocks most bought by mutual funds as they placed their bets on the long-term growth story of Asia’s third-largest economy.
According to data from Morningstar, mutual funds sold a net of Rs1,410.97 crore of RIL shares in June, trimming the fund industry’ stake in the stock by 11.6%.
Since the start of 2017 the year to 30 June, RIL stock had jumped 27.79%, its best performance in the same period since 2009. Currently, it is the most-valued Indian company with a market capitalization of Rs5.04 trillion
