Mutual funds invested Rs 10,000 crore in Kotak Mahindra Bank and HDFC Bank in April, despite their decline in Nifty rankings. Fund houses like HDFC MF, SBI MF, and Axis MF raised bets on HDFC Bank, while Kotak Mahindra saw buying from Nippon India MF and others. The investments were based on data from Prime Database.
Sebi, DigiLocker to reduce unclaimed financial assets
The regulator said investors using the DigiLocker facility will now be able to get their mutual fund statements, demat account holdings and consolidated account statements(CAS).
March 20, 2025