Indian Mutual Funds Bet On China Companies

Amid global trade tensions, Indian mutual funds surprisingly increased their investments in Chinese companies during March. According to Primemfdatabase.com, top picks included SenseTime Group Inc., Industrial & Commercial Bank of China, China Construction Bank Corp., and Bank of China. SenseTime led with 5.44 lakh shares bought, showing confidence in China's AI sector despite market volatility.

This surge in Chinese stock purchases happened while global markets were shaky due to U.S. tariff pressures. Despite global uncertainty, Indian markets performed well, with the Nifty and Sensex rising 8% each. In contrast, the Dow and S&P 500 declined by 5–6%. Chinese and Hong Kong markets remained mostly flat, offering Indian fund managers a chance to diversify.

Nippon Life India MF and Mirae Asset Management led the overseas buying spree. Meanwhile, funds sold shares in companies like Cognizant and Apple but added more Amazon, Facebook, and Nvidia, reflecting a strategic shift in global investment trends.