Mutual funds bought more mid-cap stocks in September
In short
Mutual funds bought more mid-cap stocks in September. A Motilal Oswal report said Swiggy, Groww parent Billionbrains Garage, Patanjali Foods, Astral and PB Fintech were the top five names, and Swiggy had a Rs 6.3 billion increase.
This matters because it shows where big fund managers were putting money. The report does not say why these stocks were chosen or if the buying kept going.
What the reporting says
Mutual funds increased net buying in September across mid-cap stocks, with Swiggy, Groww parent Billionbrains Garage, Patanjali Foods, Astral and PB Fintech listed as the top five names in a Motilal Oswal report. Swiggy led the inflows with a Rs 6.3 billion value increase during the month. The reporting does not show why those shares drew buying or whether the trend continued after September.
Why it matters
Mutual funds were net buyers of several mid-cap stocks in September, according to a Motilal Oswal report cited in the summary. The top five names were Swiggy, Billionbrains Garage, Patanjali Foods, Astral and PB Fintech, with Swiggy seeing Rs 6.3 billion of value increase. The source does not explain the buying drivers or whether this affected prices.