Top 5 Large Caps that Mutual Funds Bought in May

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Top 5 Large Caps that Mutual Funds Bought in May
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Mutual funds in India saw a lot of money come in during the month of May at Rs 10,082 crore. This was the highest monthly inflow into mutual funds after February 2020. It was also the third consecutive month of inflows. Investors have made a beeline for mutual funds as India got battered by the second pandemic wave. It seems like investors took advantage of market volatility to add to their holdings.

Here’s a look at the top 5 largecap stocks that mutual funds bought in May and how they have fared since then. Data for these inflows have come in from an ICICI Direct report.

  1. Punjab National Bank (NS: PNBK )

Share price on May 31, 2021: Rs 42.4

Share price on June 15, 2021: Rs 42.4

Percentage difference: 0

  1. SBI (NS: SBI ) Life Insurance Company Ltd (NS: SBIL )

Share price on May 31, 2021: Rs 975.65

Share price on June 15, 2021: Rs 997

Percentage difference: Up 2.18%

  1. Indus Towers Ltd (NS: INUS )

Share price on May 31, 2021: Rs 242.3

Share price on June 15, 2021: Rs 253.75

Percentage difference: Up 4.72%

  1. Hero MotoCorp Ltd (NS: HROM )

Share price on May 31, 2021: Rs 3,007.5

Share price on June 15, 2021: Rs 3,006.85

Percentage difference: Down 0.02%

  1. Bajaj Holdings and Investment Ltd (NS: BJAT )

Share price on May 31, 2021: Rs 3,550.45

Share price on June 15, 2021: Rs 3530

Percentage difference: Down 0.57%

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