business π° Mutual Funds' August Stock Moves: What They Bought & Sold
Mutual funds were actively trading stocks in August, betting on IPOs and adjusting holdings in large-caps. LIC led the buying spree for mutual funds during its massive Offer For Sale (OFS) with over βΉ24,000 crore invested. Eternal led the selling list, with transactions exceeding βΉ4,400 crore across Nifty 50 constituents. Various fund houses like SBI MF and ICICI Prudential MF made significant fresh purchases in several listed companies. They also trimmed stakes in established names like Infosys and Kotak Mahindra Bank as part of their strategy. π