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Fund manager buys or sells stocks in order to maximize gains based on the category the fund belongs to. Here's a look at top stocks bought and sold
Mutual funds (MFs) participation in the secondary market slowed down in the month of February, according to Nuvama Research report. While MFs deployed Rs 12,800 crore, foreign institutional investors (FIIs) sold Rs 5,500 crore in Indian secondary market, the report said. Key additions by MFs included Reliance Industries, HDFC and Interglobe Aviation.
The key reductions were ICICI Bank, Bank of Baroda (which was trimmed following MSCI Inclusion) and State Bank of India, said Abhilash Pagaria, Head at Nuvama Alternative & Quantitative Research.