Mutual fund (MF) investors’ ability to invest in listed stocks was crippled by large public floats in May.
As per an analysis done by Edelweiss Alternative Research, state-owned insurance major LIC and Softbank-backed logistics major Delhivery attracted MF investments worth Rs 4,065 crore and Rs 2,418 crore in May.
Overall, MFs invested Rs 29,400 crore last month even as overseas investors sold shares worth Rs 42,900 crore. HDFC Bank, Reliance Industries and ICICI Bank were the other counters that saw substantial MF investments.
On the other hand, Kotak Mahindra Bank, SAIla nd UPL saw new outflows from domestic funds.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.