MFs load up on Lenskart, Groww, RIL in May; dump IT, BHEL, Vedanta
Indian mutual funds rotated into consumption, banking and industrial names in May, picking Lenskart, Groww, Reliance Industries, LIC and top private banks while trimming IT, metals and PSU exposure, per YES Securities. Net inflows topped ₹4,427 crore.
What happened
Indian mutual funds in May added Lenskart, Groww, Reliance Industries, LIC and large private banks while cutting IT, metals and PSU exposure, signalling
Key facts
- ₹4,427 crore
Why this matters
With Lenskart and Groww drawing fresh MF interest, expect richer comps and a more receptive market for new-age consumer and fintech listings or strategic raises.