Mutual funds have increased their stake in these three index heavyweights!

Markets have been falling owing to multiple global and local worries, yet under such circumstances, MFs are betting on behemoths like Infosys, HDFC Bank, and Reliance Industries. Continue reading to learn more.

Nifty 50 continued its slide, closing at 15,692.15 points below the critical level of 15,700. (0.25 per cent). However, Nifty 50 futures settled at 15,700. As a result, it would be fascinating to observe how Nifty 50 futures perform during their weekly expiry tomorrow.

If it closes firmly below 15,700, it is expected to strike 15,450 to 15,500 levels and may extend the plunge to 15,000 levels. However, global inflationary fears have prompted central banks throughout the world to raise policy rates.

As a result, we are under pressure from Foreign Institutional Investors to continue selling (FII). However, if we look at the statistics from October 2021, when the true downturn began, we can see that Domestic Institutional Investors (DII) were net purchasers.

As can be seen, the DIIs have been net buyers while the FIIs have been net sellers. As a result, we will emphasize companies that were the top mutual fund bets in this article.