HDFC Bank Inflow Rs 15,800 crore in March
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- Mutual funds deployed Rs 75,500 crore in Indian equities in March while FIIs sold about Rs 1.1 lakh crore in the secondary market, underscoring domestic money's stabilising role.
- HDFC Bank saw net mutual‑fund additions of roughly Rs 15,800 crore in March, the largest inflow among large‑cap peers.
- ICICI Prudential MF added about Rs 4,570 crore of HDFC Bank shares in March, while SBI MF bought roughly Rs 2,610 crore.
- BSE was a top mid‑cap buy, with Axis MF purchasing around Rs 560 crore of the exchange operator in March.
- Tata Motors was listed among the key selling candidates for mutual funds in March, indicating profit‑booking.
- Nuvama Institutional Equities data shows banking remains the largest sectoral exposure across most major AMCs, often at or above its Nifty‑200 weight of 22.4%.
Why it matters: The heavy domestic inflow into HDFC Bank and other lenders boosts their valuations and underscores Indian investors’ confidence, while the foreign outflow and profit‑booking at Tata Motors reveal a shift toward home‑grown capital as a market‑stabilising force. The reallocation shows fund managers are favoring financials over cyclical stocks, reshaping sector weightings in the portfolio landscape.
