Business

HDFC Bank, BIL, Maruti & L&T among top bets of best performing equity funds

New Delhi: Jan 1; BSE benchmark Sensex ended calendar 2015 with a loss of 5 per cent, the fourth time since 2000 that the index offered negative returns in a year.

The fall would have been more drastic had it not been for a large dose of inflow from the domestic mutual funds, which returned to the market with a bang during the year.

Supported by strong retail participation, domestic mutual funds pumped in Rs 70,000 crore into the domestic equity market in 2015, which helped weather the global.

HDFC Bank, IndusInd Bank, Britannia Industries, Maruti Suzuki, L&T, ICRA, Tata Communications, Bajaj Finserv, Dish TV and TV18 Broadcast were among the 94 BSE500 stocks that witnessed buying by domestic fund managers quarter after quarter. The list also included Nestle India, which was marred by the Maggi controversy for much of the year. 

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