Profit Sheets

On the radar: IPOs suck mutual fund liquidity in May, shows data

July 5, 2022 12:36 PM





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.


chart


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.

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COMPANY LTP %CHNG VOLUME
ITC 253.75 1.83 1,26,68,576
M&M 807.10 1.73 48,32,584
JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
HINDUNILVR 2,043.00 1.34 16,38,568
COMPANY LTP %CHNG VOLUME
HINDALCO 569.90 -4.98 1,67,38,310
DIVISLAB 4,431.15 -2.37 3,48,495
APOLLOHOSP 4,525.45 -1.94 8,77,622
RELIANCE 2,634.00 -1.46 33,99,115
CIPLA 1,014.65 -1.39 12,17,592