Among largecaps, Vodafone Idea, DLF, Bharti Airtel, HDFC Life Insurance and Piramal Enterprises witnessed highest buying during May 2019
The month of May saw a notable change in the allocation of funds by mutual fund managers as the asset under management climbed to Rs 25.94 lakh crore.
Weight of domestic cyclicals increased 160bp to a 10-month high of 62.9 percent. Telecom, real estate and PSU banks saw a rise in value on an MoM basis in May.
On the other hand, flows into media, healthcare, metals, technology, auto, and consumer moderated in May.
Mutual funds were net buyers in 58 percent of the Nifty stocks in May as compared to 44 percent in April.
ICICIdirect lists top 10 largecaps, midcap, and small-caps that saw buying by fund managers in May.
Among largecaps, Vodafone Idea, DLF, Bharti Airtel, HDFC Life Insurance and Piramal Enterprises witnessed highest buying during May 2019.
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