During the month of February 2022, Mutual Fund (MF) According to data analyzed by Edelweiss, names such as Infosys, Reliance Industries, ICICI Bank and Manyavar were seen adding, while they narrowed slightly to holdings in Tata Consultancy Services (TCS), Vedanta, Apollo Hospitals and Escorts.
Inflows into equity funds (ex-new fund offer) hit record high 17,800 crore in February 2022 as compared to 14,900 crore in January 2022. SIP flow remains strong 11,400 crore in February 2022.
Big additions to PPFAS Mutual Fund were ICICI Bank, HDFC Bank, Power Grid, ITC. Maharashtra Scooter and pharma stock Cipla were the new entrants to the fund house, while another pharma major Lupine exited completely, data submitted by domestic brokerage house Edelweiss showed.
The team of fund managers headed by Rajiv Thakkar, Associate Director and Chief Investment Officer (CIO) at PPFAS Mutual Fund, raised stake in ICICI Bank (increase in stake by 8,35,000 shares), HDFC Bank (increase in holding by 3%) Bank Shares has given. ,09,000 shares), Axis Bank (up to 5,000 shares), as per fund manager wise holding data for the month of February 2022 analyzed by Edelweiss.
Net inflows have been higher at the lower levels of the market over the past four months. Over the years, the market has been witnessing high inflows in every sharp fall, indicating maturity among retail investors. The assets under management (AUM) of the industry went down slightly 37.5 lakh crore at the end of February, from 38 lakh crore at the end of January.
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