MFs load up on Lenskart, Groww, RIL in May; dump IT, BHEL, Vedanta
Indian mutual funds rotated into consumption, banking and industrial names in May, picking Lenskart, Groww, Reliance Industries, LIC and top private banks while trimming IT, metals and PSU exposure, per YES Securities. Net inflows topped ₹4,427 crore.
Indian mutual funds in May added Lenskart, Groww, Reliance Industries, LIC and large private banks while cutting IT, metals and PSU exposure, signalling rotation into India-focused consumption, banking and industrial growth themes per a YES Securities report.