In March, big additions to PPFAS Mutual Funds (MFs) were ICICI Bank, Power Grid, Axis Bank, Coal India, Bajaj Holdings, Hero MotoCorp, HDFC Bank, Zydus Life. The fund house also raised stake in its new entrants Maharashtra Scooters and pharma stock Cipla, which were added in February 2022, data submitted by domestic brokerage house Edelweiss showed.
The team of fund managers headed by Rajiv Thakkar, Associate Director and Chief Investment Officer (CIO) at PPFAS Mutual Fund, has increased the shareholding. IT stock As per the analysis of fund manager wise holding data for the month of March 2022 by Edelweiss, the shares of Wipro (holding increased by 60,000 shares), HCL Technologies (up by 40,000 shares) and Tata Consultancy Services or TCS (increased shareholding by 10,000 shares). Kind.
Shares of TCS are down about 4% so far in 2022 (Year-to-date or YTD), while HAL shares are down more than 22% during the same period. Meanwhile, shares of IT stock HCL Tech have fallen more than 15 per cent so far this year.
equity mutual funds attracted an all-time high net inflow of 28,463 crore in March, 13th consecutive month of inflow. It was much more than the net inflow 19,705 crore in February, 14,888 crore in January and 25,077 crore in December 2021, data from the Association of Mutual Funds in India (AMFI) showed.
Within the equity segment, all categories witnessed net inflows during the period under review, with the multi-cap category being the biggest gainer with net inflows. 9,695 crores. Apart from this, large and mid-cap funds and large-cap funds also saw a rise 3,000 crore net investment each.