Ripplesadvisory, Bluechip bets! Top 10 stocks in which fund managers raised their stake in May

The total category wise asset under management (AUM) of the mutual fund (MF) industry slipped by 1.2 percent or Rs 22,327 crore to Rs 19.03 lakh crore for the month of May 2017, but equity funds saw an increase of 2.7 percent in the same period.

Of the top 10 stocks in terms of value increase on a month-on-month (MoM) basis, four were from Financials namely ICICI Bank, HDFC Bank, Kotak Mahindra Bank, and HDFC.

Apart from rate sensitive stocks, companies which hogged the limelight in the month of May include names like ITC, Infosys, Tata Steel, Maruti Suzuki, L&T, and Vedanta.

Retail investors stepped up the purchase in the month of May as benchmark indices hit a fresh record high. The Nifty50 rose 3.4 percent in the same period.

Ripples Advisory Private Limited, Indore is a quick publisher of Stock Market Tips in India. Take your Free Trials from here >> https://www.placementindia.com/job-recruiters/company-ripples-advisory