Eleven pure equity mutual funds added a total of 31 new stocks in May across market capitalisations. They also increased their holding in 33 stocks during the month, according to a Nuvama note. Together they have bought shares worth Rs 47,700 crore, the note said. A look into which shares mutual funds added to their portfolios:
Why Indians need active portfolio management to create real wealth
Recent analysis of over 400,000 mutual fund portfolios reveals that 65% fail to meet their benchmarks, causing long-term wealth erosion, especially for High Net-Worth Individuals