Key Points
Mutual funds have made major revamps to their portfolios in the last month of the previous financial year, adding index majors Infosys and Reliance Industries, while reducing positions in Ultratech Cement and SRF in the large cap space...
In the broader markets, mutual funds added Sona BLW, Phoenix Mills, Devyani, Kirloskar Oil in March, according to a report by Nuvama Institutional Equities...
Overall, fund houses have deployed about Rs 20,700 crore into Indian equities in March...
Apart from Infosys and Reliance Industries, HDFC also featured among the top additions by fund houses in the largecap space...
TCS, Reliance Industries, HDFC, Bharti Airtel were among top stocks that were added by mutual funds for three consecutive months till March, while Britannia, Bajaj Auto, Dr Reddy's Labs, Bharat Electronics and SRF saw consistent reductions for three straight months...
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