From RIL to Maruti Suzuki, big mutual fund buys in June see turbulence

Equity mutual funds (MFs) deployed maximum in shares of Reliance Industries (RIL) in June at Rs 2,177 crore, followed by Maruti Suzuki (Rs 2,045 crore) and Bharti Airtel (Rs 1,310 crore).

Shares of both RIL and Bharti Airtel have been turbulent this month.

On July 1, shares of RIL crashed over 7 per cent, following the government imposing windfall taxes on domestic crude oil production and fuel exports.

Shares of Airtel, too, declined this month amid uncertainty around Adani’s foray into the telecommunications sector.

Maruti Suzuki shares, however, continued to race ahead on the back of improved outlook