In September 2023, mutual funds showed robust interest in the Indian equity market, investing approximately Rs 20,843 crore. Throughout 2023, except for April, mutual funds consistently remained net buyers each month. A recent analysis by ETMarkets revealed that 59 stocks were newly incorporated into the portfolios of at least 10 mutual fund schemes in September, as compared to the prior month.
Out of these, 45 stocks yielded returns exceeding 10% in 2023. Notably, seven of these stocks have transformed into multibaggers, demonstrating over 100% gains in the same year. This highlights the significant impact that mutual funds have had on these select stocks, making them noteworthy performers in the current financial landscape.