Yes Bank, SBI Cards top bought large cap stocks for MFs in March


    Mumbai, April 13 | As equity linked mutual funds schemes witnessed net inflows for the first time in nine months in March, Yes Bank, SBI Cards and Payment Services, and Havells India Ltd were among the the top bought stocks in large cap by mutual funds last month.

    Equity funds saw inflows for the first time in nine months at Rs 9,100 crore. The outflow trend seems to have reversed as matured investors are likely to invest at every lower level, said a report by ICICI Direct.

    Further, SIP contributions rose to all-time high at Rs 9,182 crore in March 2021 with SIP account additions also up to all-time high in March 2021 with higher average ticket size, it added.

    The holding of mutual funds in Yes Bank stood at 7.26 crore shares at the end of March 2021, with a market value of Rs 82 crore, up from 3.51 crore shares in February with a value of Rs 17 crore, showed the ICICI Direct report.

    Similarly, mutual funds held 4.04 crore shares in SBI Cards and Payment Services with a market value of Rs 3,751 crore at the end of March 2021, against 3.13 crore shares with value of Rs 3,349 crore in the previous month.

    MF holding in Havells India was valued at Rs 1,442 crore at March-end against Rs 1,298 crore in February.

    HDFC Asset Management Company, Godrej Consumer Products, Bajaj Holdings & Investment, Bajaj Auto, Indraprastha Gas, Tata Consumer Products, and Jubilant FoodWorks were the other top bought large cap stocks by asset management companies (AMC).

    On the other hand, the top large cap stocks sold by AMCs were Vedanta, GAIL, Oil & Natural Gas Corporation Ltd (ONGC), Hindalco Industries, and Adani Green Energy.

    Among the midcap stocks, the top bought stocks by AMCs were Wabco India, Max Healthcare Institute, Tata Communications, Granules India, and L&T Finance Holdings.

    The top sold stocks were TVS Motor Company, Vodafone Idea, LIC Housing Finance, Motilal Oswal Financial Services, and Amara Raja Batteries.

    Hathway Cable & Datacom, Varroc Engineering and Sterling & Wilson Solar were the most bought stocks by mutual funds among the small cap stocks, while Mahindra Lifespace Developers, Ashiana Housing, and IDFC Ltd were the top sold small cap stocks in March among the MFs, showed the report.

    Source: IANS

    Next Story

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.


    Please enter your comment!
    Please enter your name here