InvestorQ : What have the mutual funds been buying and selling in the equity markets in the month of April 2020?
diksha shah made post

What have the mutual funds been buying and selling in the equity markets in the month of April 2020?

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Arya Nanda answered.
8 months ago
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Equity fund trends were quite interesting in the month of April. Domestic funds rushed to buy into Reliance Industries and Bharti Airtel during the month of April. These two have been the star performers on the Nifty. While RIL has benefited from plans to become zero-debt, Bharti Airtel has turned around its telecom business. It has also gotten over the AGR uncertainty and seen a sharp spike in its ARPUs in April. On the negative side, mutual funds have been moving out of L&T and private banks. Most private banks have come under a cloud in the last few months after retail consumer loans came under a major cloud due to the risk of job losses and falling income levels in coming months. The cost of funds for most private banks is also likely to go up with the stress on assets.

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