MUTUAL FUNDS: Buying of MUTUAL FUND continues even in this falling market. According to a report, MF has focused more on largecaps in December. Where has MUTUAL FUND invested the money? If we look at the money, Rs 5,664 crore has been invested by MF in RIL in December. At the same time, FF has invested Rs 4,169 crore in Vishal Megamart. MF has put Rs 3,228 crore in Axis Bank. Whereas MF has invested Rs 2,380 crore in Zomato.
In the month of December, MF has invested Rs 2,348 crore in Cipla and Rs 2,344 crore in Torrent Power. Similarly, mutual funds have invested Rs 1,685 crore in PG Electroplast. Whereas MF has invested Rs 1,602 crore in Sai Life Sciences. MF has invested Rs 1,601 crore in JIO Financial and Rs 1,424 crore in Godrej Properties. In December, MFs have increased investment in large caps while reducing their investments in midcap and smallcaps.
Where is MF bullish in December?
MF, energy, pharma, healthcare, banking and finance stocks have been bullish in December. In energy he likes RIL and Torrent Power. Whereas in pharma he likes Cipla and Sai Life. Whereas in financial, he likes Axis Bank and JIO Financial.