• HDFC Mutual FundFollowing ICICI Prudential Mutual Fund now we have HDFC Mutual Fund with Rs 1,837 bn in equities as of December 2021.The high 5 fairness holdings of the fund embrace ICICI Bank, State Bank of India, Infosys, HDFC Bank, and Reliance Industries. It additionally has publicity to L&T.Here's what HDFC Mutual Fund purchased and bought in December 2021.
As Co-head of Research at Equitymaster Rahul Shah rightly says, it is at all times higher to take solely 50% publicity and maintain the remaining in FDs or money. This technique got here to rescue in November in addition to in December 2021.Investors who had cash ready on the sidelines used the market correction as a possibility and allotted in direction of fairness mutual funds.2021 was a yr of NFOs. Investors fell head over heels in direction of mutual funds because the business added a staggering Rs 7 lakh crore to their asset base. Asset administration firms (AMCs) launched greater than 100 NFOs providing completely different funding concepts, which additional led to the surge within the AUM.All this was because of good sentiment throughout fairness markets.The AUM of the mutual fund business grew by 24% to an all-time excessive by 38,450 November-end itself, from Rs 31,000 bn on the finish of December 2020.Gold Exchange Traded Funds (ETFs) additionally attracted traders with internet inflows of over Rs 45 bn in 2021.In December 2021, mutual funds acquired greater than Rs 30 bn value of shares within the preliminary public choices (IPO). At a time when FIIs had been promoting closely, mutual funds got here to the rescue.Rs 33.8 bn was invested in recent issuances launched in December 2021. MedPlus Health acquired highest inflows of Rs 13 bn adopted by CMS Info Systems (Rs 3 bn), Metro Brands (Rs 3 bn), Tega Industries (Rs 2.8 bn), and RateGain Travel (Rs 2.5 bn). Other problems with Anand Rathi, CE Info Systems, Data Patterns, Supriya Lifescience, Shriram Properties, and Star Health additionally acquired good inflows.Mutual funds going huge on IPOs is the development we're seeing since months now.How the mutual fund shopping for and promoting development pans out within the month of January 2023 stays to be seen. We will maintain you up to date on all of the developments from this house.Stay tuned.Since you are keen on what mutual funds are shopping for and promoting, try Equitymaster's Powerful Stock Screener. This instrument tracks the shares not too long ago purchased by mutual funds together with the shares not too long ago bought by them.Happy investing!PS: The above piece depends on knowledge from PersonalFN. PersonalFN is a Mumbai based mostly private finance agency providing Financial Planning and Mutual Fund Research companies.Disclaimer: This article is for data functions solely. It just isn't a inventory advice and shouldn't be handled as such. (This article is syndicated from Equitymaster.com)
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