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SBI Life, HDFC twins topped equity fund managers' buy list in May

SBI Life Insurance, HDFC and HDFC Bank attracted maximum inflows from mutual funds

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Market observers said MFs took some money off the table in the second half of the month as overseas investors stepped up buying.

Sundar Sethuraman

1 min read Last Updated : Jun 13 2021 | 9:45 PM IST

Equity fund managers adopted a cautious stance in May as stocks climbed to fresh all-time highs. An analysis of their buying and selling pattern suggests they didn’t back any particular sector but went for a stock-selective approach.

SBI Life Insurance, HDFC and HDFC Bank attracted maximum inflows from mutual funds (MFs).

The fund manager used the share sale by Carlyle Group to invest Rs 2,346 crore into the State Bank of India-backed life insurer.

Tata Steel, ICICI Bank and BPCL were the most-sold stocks by MFs. Market players said fund managers chose to book profit in these

Topics : SBI Life HDFC equity fund managers

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