# In February, mutual funds added shares of Indigo, PayTM, and a few more

URL: https://technosports.co.in/in-february-mutual-funds-added-shares-indigo/  
Published: 2023-03-15  
Updated: 2023-03-15  
Author: Kaushiki Ghosh

Due to consistent monthly inflows, mutual funds have purchased stocks, notwithstanding the fluctuations in February.

The [Adani Group](https://www.adanienterprises.com/) crisis, which affected market mood and led to a sell-off, caused the Sensex to decline 1% in February. Nonetheless, with a total infusion of Rs. 15,686 cr in February, mutual fund inflows into equity-oriented funds reached a nine-month high.

Fund companies invested in large-cap stocks, including GAIL, Indigo, [Tata Motors](https://technosports.co.in/tata-motors-reaches-50-lakh-cars-milestone/), and Dabur India. As per ICICI Direct Research, they simultaneously sold Adani equities comprising Adani Ports and SEZ, Adani Enterprises, Adani Total Gas, and Ambuja Cements.

![In February, mutual funds added shares of Indigo, PayTm, and a few more](https://cdn108.technosports.co.in/wp-content/uploads/2023/03/In-February-mutual-funds-added-shares-of-Indigo-PayTm-and-a-few-more-1-1024x576.jpg)

Thematic and small-cap funds saw significant inflows of $3,856 crore and $2,246 crore, respectively. Over the past three quarters, mutual funds’ interest in mid-cap and small-cap stocks has increased.

Data shows systematic investment plans (SIP) inflows were likewise stable, albeit slightly declining to 13,686 crores in February from 13,856 crores in January 2023.

### Mutual Funds Going Small

Mutual funds have started investing in mid-cap and small-cap stocks in recent times. Mid-caps and small caps have seen increased interest over the past three quarters; small-cap funds received net inflows of 15,172 crores, while mid-cap funds witnessed inflows of 14,632 crores.

In the past three quarters, less than half as much as mid-cap and small-cap funds reached large-cap funds at 6,392 crores.

Biocon, Coforge, Biocon, and Dr Lal Pathlabs are some of the significant mid-cap stocks mutual funds purchased in February while selling Vodafone Idea, IDFC First Bank, and Canara Bank.