 "equity, mf, mutual funds, cash, outflow, stocks, shares, investment")
The top additions for MFs in October were Dr Reddy’s, D Mart, and Bharti Airtel. At the same time, Infosys, HUL, and HDFC Bank were major reductions in portfolios.
The sector remains underweight on banking and financial stocks, reducing positions in HDFC Bank (Rs 1,073 crore), HDFC Ltd (Rs 895 crore), and Axis Bank (Rs 647 crore), while minor additions were also seen in SBI (Rs 200 crore) and Kotak Mahindra Bank (Rs 133 crore). Banking and financial stocks have run up this month, with the NSE Bankex up 9.5 per cent.
Funds trimmed positions in FMCG stocks, too, such as Hindustan
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