Stocking up for mutual growth -Mutual funds broaden stock universe as industry exposure hits record 1,244 cos

Blitz Bureau NEW DELHI: India’s mutual fund industry is expanding its stock universe at the fastest pace in more than a year, even as overall equity inflows moderate. Fund houses added 164 new stocks to their portfolios over the past 12 months, reflecting a 15.2 per cent year-on-year jump — the strongest growth since July…