They also purchased insurance stocks like SBI Life, HDFC Life, and ICICI Prudential Life Insurance after favourable guidelines on the surrender value of policies were announced by the insurance regulator IRDAI. Also, the recent removal of the age limit on availing of health insurance is seen as boosting the prospects of life insurance companies.
Nestle, Jio Financial among top 10 large cap stocks sold by mutual funds in April
Mutual funds buy and sell securities to actively manage their portfolios.