Indian mutual funds exhibited a distinct buying preference for large-cap stocks in April 2024, with a clear focus on the Banking and Consumer sectors.
Banking takes centre stage:
Consumer goods find favor:
FMCG giant Hindustan Unilever witnessed the second-highest buying activity, followed by Marico Ltd.
Life Insurance gain traction:
HDFC Life Insurance found its place among the top choices, suggesting a potential shift towards long-term wealth creation strategies.
Energy and power stocks see interest:
Vedanta Ltd. and Tata Power Company attracted buying interest, indicating a diverse selection within the large-cap space.
Other Notable Mentions:
Mutual funds reduced holdings in JIO Financial Services, LTIMindtree, SRF, Divi’s Lab, Nestle India, Interglobe Aviation, SBI Cards and Payments, Bajaj Auto, Hindustan Aeronautics and Torrent Pharma.
First Published: May 14 2024 | 11:41 AM IST