2,500 crore investet in Infosys shares In March
In March, mutual funds invested 2,500 crore in Infosys shares.
In March 2023, mutual funds added Infosys shares to their portfolios. In addition to Infy, Reliance Industries and HDFC were also among the top additions by fund institutions. According to a report by Nuvama Institutional Equities, large-cap mutual funds added Infosys (INR 25bn) 2,500 crore, Reliance Industries (INR 19bn) 1,900 crore, and HDFC Ltd (INR 14bn) 1400 crore in March.
Infosys was a key addition for mutual fund companies in March.
Franklin Templeton MF, Kotak MF, HDFC MF, and ICICI Infosys was one of Pru MF’s key additions in March 2023.
Top Ten Holdings (INR Billion)
HDFC MF % * 4.01
Holding Value: 85.04
Shares Held: 000 – 59,553
Aditya Birla SL MF
% * 5.54
Holding Value: 60.03
Shares Held: 000 – 42,040
ICICI PRU MF
% * 5.57
Holding Value-132.91
Shares Owned 0 to 93,079
Edelweiss MF % * 0.28
Holding Value-5.46
Shares Owned 0-3,821
Invesco MF % * 5.25
Holding Value-14.96
Shares Owned 0 to 10,478
Franklin Templeton MF % † 4.15
Holding Value-20.99
Shares Outstanding: 0-14,699
PPFAS MF % * 1.11
Holding Value-2.56
Shares Held 1,000 to 1,793
Kotak MF % * 3.08
Holding Value -42.51
Shares Owned 0 – 29,767
SBI MF % * 5.15
Holding Value- 232.91
Holdings- 1,63,117
Infosys shares decline following the announcement of earnings
Monday morning. Shares of Infosys plummeted nearly 15 percent in morning trading after the company reported weaker-than-anticipated fourth-quarter net profit growth and a feeble revenue growth forecast for FY24.
The share price reached a 52-week nadir on the bourses.
Infy fell 12.21 percent to 1,219 on the BSE, and 14.67 percent to 1,185.30 on the NSE, its 52-week low.
Infosys was the largest decline on both the Sensex and Nifty benchmark indices.
The market value of the company fell by 73,060.65 crore to 5,08,219.35 crore.
Despite the lacklustre performance of the broader market, mutual fund inflows increased nearly 7 percent in FY23 to 40,05 lakh crore from 37,70 lakh crore in the preceding 12 months. Intriguingly, the number of female investors in mutual funds from the top 30 and beyond 30 cities rose to approximately 7.44 million in December 2022, up from approximately 6.38 million the previous year.
