Vodafone-Idea, Ruchi Soya and Zee Entertainment are among the midcap stocks that domestic mutual funds bought in April. At the same time, mutual funds sold shares of Escorts, Aditya Birla Sun Life AMC and Syngene International last month. Domestic mutual funds saw a total inflow of Rs 15,900 crore in April with equity funds declining. Total inflow into equity funds stood at Rs 28,500 crore in March.
Mutual funds now hold 36.27 crore shares of Voda-Idea
Fund managers held 2.43 crore shares of L&T Finance Holding, valued at Rs 213 crore, at the end of April this year. In March, the fund managers had Rs 1.37 crore of the company and their value was Rs 110 crore. This has been said in a report by Economic Times. Mutual funds have increased their stake in Vodafone-Idea. Mutual funds now have 36.27 crore shares of the company. The holding value of mutual funds in Vodafone-Idea stands at Rs 345 crore. Earlier the holding value of mutual funds in the telecom company was Rs 221 crore.
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Bandhan Bank shares worth Rs 3,356 crore with mutual funds
Mutual funds held shares of Bandhan Bank worth Rs 3,356 crore at the end of April. Domestic mutual funds held shares of Bandhan Bank worth Rs 2,165 crore in March. Mutual funds exposure has also increased in Shriram Transport Finance Company. The mutual funds now have shares worth Rs 2,353 crore in Shriram Transport Finance Company. In March, mutual funds held shares worth Rs 1,623 crore in Shriram Transport Finance Company.
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The exposure of mutual funds in Canara Bank has increased to Rs 1,573 crore in April. It stood at Rs 1,326 crore in March. Besides this, domestic mutual funds have also increased their stake in Ruchi Soya, TVS Motor, Nippon Life India AMC, LIC Housing Finance. Mutual funds have sold shares of Escorts in April 2022. Escorts had 8 million shares in mutual funds in March 2022, while MFs have 55 lakh shares left in April. The holding value of mutual funds in the company has come down from Rs 1,353 crore to Rs 902 crore.