Mutual Funds Bet On Realty

sacramento bungalowDiversified equity mutual funds are betting big on realty, the best performing category in the past one month. The construction segment has shown the highest growth in exposure in value terms in May spurting 95.53% to Rs 7565.76 crore.
Construction has now emerged as one of the most favoured sectors for mutual funds and now ranks behind refinery and banking stocks in overall exposure. Realty companies have been able to raise money through QIPs and stake sale. Their financial position has changed and leverage has now come down. DLF, Unitech and Indiabulls Real Estate are among the top additions to the portfolios of equity mutual funds in May. While DLF saw the biggest addition in quantity terms with mutual funds adding nearly 50 lakh shares, a 493.5% jump, Indiabulls saw a 151.3% increase in shares added followed by Unitech that recorded a 52.7% growth in additions.

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