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Zomato QIP, Swiggy IPO to Reliance Industries: Where did mutual funds invest most in November?

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November saw mutual funds allocate ₹26,400 crore to stocks, with Zomato and Swiggy leading investments. However, mutual funds sold ₹11,000 crore in HDFC Bank.

In November, mutual funds in India made significant investments across various sectors, with a notable focus on new-age tech companies and established conglomerates. Zomato, a leading food delivery platform, raised Rs 4,120 crore through a qualified institutional placement (QIP), attracting investments from mutual funds looking to capitalize on the growth of the online food delivery market. Meanwhile, Swiggy, another major player in the food delivery sector, filed for an IPO, signaling strong investor interest in tech-driven consumer services. Additionally, mutual funds increased their stakes in Reliance Industries, showcasing confidence in the conglomerate's diverse portfolio which spans from energy to telecom. Other sectors like banking, with investments in companies like HDFC Bank, and pharmaceuticals also saw substantial mutual fund activity, reflecting a balanced approach between high-growth tech startups and stable, traditional industries.

Read the Full MSN Article at:
https://www.msn.com/en-in/money/top-stocks/zomato-qip-swiggy-ipo-to-reliance-industries-where-did-mutual-funds-invest-most-in-november/ar-AA1vIw0C