SBI, HDFC, ICICI: Top MFs' November Stock & IPO Moves Revealed

• Equity mutual funds saw a net investment of ₹29,900 crore in November, with domestic funds buying ₹43,400 crore in shares while FIIs sold ₹11,600 crore.
• SBI Mutual Fund focused on IPOs, investing in Lenskart Solutions and Pine Labs, while reducing stakes in Kotak Mahindra Bank, Eicher Motors, and Asian Paints.
• ICICI Prudential MF increased investments in large-cap stocks like ITC, ICICI Bank, and Trent, and reduced holdings in Reliance Industries, Bharti Airtel, and State Bank of India.
• HDFC Mutual Fund invested in banking stocks (ICICI Bank, HDFC Bank) and the Groww IPO, while decreasing stakes in Tata Motors and Bharti Airtel.
• Other major MFs like Axis, Aditya Birla Sun Life, and Kotak also made significant investments in specific stocks and IPOs, indicating optimism in India's growth story.

Why It Matters: Indian MFs' November investments signal strong domestic confidence in India's growth story.