How mutual funds used their money in December 2022

In the month of December 2022, mutual funds have added nearly 3 times the amount that they did in November. Nearly Rs 7300 crore was deployed in equities. The cash level has also come down marginally to 4.5 per cent of AUM from 4.6% in November 22.
Sector-wise, mutual funds have added stocks in financials and metal space while they have reduced their exposure in IT, telecom and media.
In the large cap space, mutual funds have utilized the fall in share prices of NTPC and Nyka to add shares in these stocks. On the other hand, they have exited from Axis Bank and Bank of Baroda with the stock prices rising.
Among the mid cap space SAIL, Vodafone, IDEA and NHPC declined around 3 to 5 percent while mutual funds have added stocks in all these 3 stocks and a 59 percent run up that we had seen in the shape rise of UCO Bank might have given mutual funds a strong exit gains in the month of December.
Among small cap stocks, despite a sharp run up that we had seen in Jindal Stainless and Finolex, mutual funds have not shied away from adding more shares in these companies while among sellers Bank of Maharashtra is one stock that gained nearly 16 percent and mutual funds have used this opportunity to lower their number of shares in this counter.
Also, there were lot of IPOs that had come in the month of December and mutual funds have added a stake or bought stake in Kfin Tech, Sula Vineyards, Landmark cars, LN electronics and Radiant Cash.
(Report courtesy: ET Now)