Mutual funds diversify stocks amid inflows

Besides new listings, equity mutual funds have added 36 new stocks to their portfolios

Money managers are on the hunt for newer stocks, amid sharp and consistent inflows into equity schemes. Equity mutual funds (MFs) have added close to three dozen new companies to their portfolio. This is besides the new listings through initial public offerings (IPO), where, too, they have invested heavily.
 
Industry players say fund managers are increasingly researching newer stocks, beyond their traditional investment universe.
 
Some of the stocks to feature for the first time in equity MF portfolios are Sunteck Realty, DFM Foods, Lux Industries, Gufic Biosciences, Arrow Greentech, Steel Strips Wheels and Pokarna.
 
In most cases,