 "mutual fund investment")
Fund managers placed big bets on new-age companies and recently listed firms in August with three such stocks featuring in the top five most bought stock list of mutual funds (MFs) last month.
Ola Electric, which listed on August 9, was the second most bought stock as fund managers lapped up over Rs 2,740 crore worth of shares. Newly listed FirstCry saw MFs buying 40 million shares worth Rs 2,550 crore. Zomato ranked fourth in the list as MFs deployed Rs 2,500 crore in the stock.
Axis Bank led the top buy list as MFs bought Rs 3,120 worth of stocks. However, its larger peer HDFC Bank saw MFs pulling out as much as Rs 8,370 crore. The stock, which has struggled to perform in recent years, saw several fund houses cutting allocation after making significant buying for six successive months. Quant MF completely exited the stock in August months after betting big. Other stocks in the most sold list included Bharti Airtel, Zydus Lifesciences, Indus Towers, Coal India and Dixon Technologies.
Fund houses completely exited Adani Enterprises while making significant buying in Adani Energy Solutions.
In August, MFs bought domestic equities worth over Rs 35,600 crore and alongside foreign institutional investors (FIIs) sold Rs 2,700 in the Indian secondary market, the report noted.
 "India's benchmark indices rallied on Friday, mirroring gains in global equities, after the latest US economic data allayed fears of recession in the world's biggest economy. The continued buying support from domestic investors added to the market buo")
 "SBI Card")
 "Stock Market, BSE, Nifty, Capital")
 "Dixon Technologies")
 "Solar cell")
 "Mutual fund offerings that are believed to be safer investment options have witnessed a marked surge in inflows, reflecting a shift in investor sentiment amid concerns over a potential global slowdown and elevated valuations in the midcap and smallca")
 "SIP, mutual fund, investment")
 "Mutual Funds")
 "bank banks banking")
