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- Oct 14, 2022 - Top 5 Stocks Mutual Funds Bought and Sold in September 2022
Top 5 Stocks Mutual Funds Bought and Sold in September 2022
Releasing the pressure building from sustained FII outflows, domestic mutual funds bought stocks worth Rs 156.5 bn in the secondary market in September 2022. This was the highest in three months according to data from the market regulator.
In the past three months, net inflows were declining but in September, net inflows into equity MF schemes went up 130% sequentially to Rs 141 bn.
Stability once again returned as all equity mutual fund categories saw net inflows. Thematic and sectoral funds topped the charts with inflows worth Rs 44.1 bn.
ETFs and passive funds continued their momentum and saw big inflows in September. The passive fund categories saw a cumulative inflow of Rs 136.2 bn while ETFs garnered Rs 108.1 bn.
Note that equity mutual fund inflows were at a 10-month low of Rs 61 bn in August 2022.
Inflow in July were at Rs 89 bn, while they stood at Rs 155 bn in June, Rs 185.3 bn in May and Rs 158.9 bn in April.
Coming to the key highlight for September...
Inflows through systematic investment plans (SIP) stood at Rs 129.8 bn. The 2% sequential growth might seem less but the share of assets under management (AUM) of the SIP linked funds reached a record 16.5%.
Going by SIP inflows in the first six months of current calendar year, the industry is set to breach record SIP collections of the previous year. So far till September, MFs received Rs 790 bn through SIPs, compared with Rs 1.25 tn in full financial year 2022.
SIPs have been in favor. If anyone asks where to invest in mutual funds, they'll refer the SIP route hands down.
Mutual fund investors, over the past couple of months, have stayed resilient through market volatility.
At a time when there are talks of a global recession, India has outperformed peers and remains in a bright spot.
Let's take a look at the stocks that mutual funds traded the most during this period...
Top Stocks Sold by Mutual Funds in September 2022
Largecaps: Indian mutual funds trimmed their positions in largecap stocks such as Tata Steel, Indian Oil Corporation, Vedanta, and Tata Motors.
Fund managers were very selective between auto stocks this month. They bought heavily into Maruti Suzuki and Hero MotoCorp and sold Tata Motors.
Midcaps: From the midcap space, mutual funds offloaded Vodafone Idea, Motherson Sumi Wiring, SAIL, and Ashok Leyland.
Smallcaps: Paradeep Phosphates, Indiabulls Real Estate, and Hathway Cable saw maximum selling by MFs from the smallcap space in September 2022.
Top Stocks Bought by Mutual Funds in September 2022
Largecaps: Coming to buying, Bharat Electronics, NTPC, ONGC, and Infosys witnessed massive inflows.
Midcaps: From the midcap space, fund managers loaded up shares of BHEL, PNB, IRFC, and NHPC.
Smallcaps: Ujjivan Small Finance Bank, Triveni Turbine, and Gateway Distriparks were the top smallcap buys.
Top Equity Mutual Funds in September 2022
Here is the list of top 10 mutual fund houses as per their equity asset under management (AUM) as of September 2022.
Top 10 Equity Mutual Funds as per AUM
| Top Fund Houses | Equity AUM (Rs bn) |
|---|---|
| SBI Mutual Fund | 4,334.7 |
| ICICI Prudential Mutual Fund | 2,247.5 |
| HDFC Mutual Fund | 2,002.7 |
| UTI Mutual Fund | 1,575.6 |
| Nippon India Mutual Fund | 1,571.1 |
| Axis Mutual Fund | 1,421.5 |
| Kotak Mutual Fund | 1,331.9 |
| Aditya Birla SL Mutual Fund | 1,092.2 |
| Mirae Asset Mutual Fund | 979.8 |
| DSP Mutual Fund | 665.3 |
What India's Top Mutual Funds Bought and Sold in September 2022
# SBI Mutual Fund
India's largest equity fund held Rs 4,335 bn in equities as of September 2022. The August 2022 figure was Rs 4,342 bn.
The top four equity holdings of the fund include ICICI Bank, Reliance Industries, HDFC Bank, and Infosys.
Here's what SBI Mutual Fund bought and sold in September 2022.
| New Buys | Value as on 30 September 2022 (Rs m) |
|---|---|
| Sundaram Finance Ltd. | 340.60 |
| TeamLease Services Ltd. | 308.10 |
| Harsha Engineers International Ltd. | 280.20 |
| Honeywell Automation India Ltd. | 28.20 |
| Complete Sell | Value as on 31 August 2022 (Rs m) |
| Sagar Cements Ltd. | 78.40 |
| India Pesticides Ltd. | 17.00 |
| Firstsource Solutions Ltd. | 7.30 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
| IRCTC | 3,83,774 |
| Adani Total Gas Ltd. | 1,49,695 |
| Birlasoft Ltd. | 3,05,500 |
| Shriram Transport Finance Company Ltd. | -1,80,053 |
| Petronet LNG Ltd. | -72,000 |
| Indiabulls Housing Finance Ltd. | -7,12,000 |
# ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund was the second largest equity fund house with Rs 2,248 bn in equities as of September 2022. The same figure in the month of August 2022 was Rs 2,267 bn.
The top three equity holdings of ICICI Prudential Mutual Fund include ICICI Bank, Infosys, and HDFC Bank.
Here's what the fund bought and sold in September 2022.
| New Buys | Value as on 30 September 2022 (Rs m) |
|---|---|
| Butterfly Gandhimathi Appliances Ltd. | 282.30 |
| Harsha Engineers International Ltd. | 247.30 |
| Shoppers Stop Ltd. | 17.10 |
| Adani Wilmar Ltd. | 16.70 |
| Tejas Networks Ltd. | 3.30 |
| Raymond Ltd. | 2.50 |
| Greenpanel Industries Ltd. | 1.70 |
| Olectra Greentech Ltd. | 1.70 |
| Transport Corporation Of India Ltd. | 1.40 |
| Bharat Rasayan Ltd. | 0.80 |
| Aether Industries Ltd. | 0.70 |
| Sharda Cropchem Ltd. | 0.70 |
| JBM Auto Ltd. | 0.40 |
| Complete Sell | Value as on 31 August 2022 (Rs m) |
| Paradeep Phosphates Ltd. | 542.00 |
| Tamil Nadu Newsprint & Papers Ltd. | 148.30 |
| Indo Count Industries Ltd. | 1.00 |
| Sequent Scientific Ltd. | 0.90 |
| Glenmark Life Sciences Ltd. | 0.70 |
| Venky'S (India) Ltd. | 0.70 |
| Hemisphere Properties India Ltd. | 0.60 |
| Solara Active Pharma Sciences Ltd. | 0.50 |
| Tata Steel Long Products Ltd. | 0.50 |
| BEML Ltd. | 0.20 |
| Responsive Industries Ltd. | 0.10 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
| Krishna Institute of Medical Sciences Ltd | 20,57,242 |
| Suprajit Engineering Ltd. | 4,93,790 |
| PB Fintech Ltd. | 7,67,518 |
| Mastek Ltd. | -44,014 |
| Westlife Development Ltd. | -1,02,173 |
| Eris Lifesciences Ltd. | -2,628 |
# HDFC Mutual Fund
Following ICICI Prudential Mutual Fund we have HDFC Mutual Fund with Rs 2,003 bn in equities as of September 2022. The August 2022 figure was Rs 2,075 bn.
The top five equity holdings of the fund include ICICI Bank, HDFC Bank, State Bank of India, Infosys, and Reliance Industries.
Here's what HDFC Mutual Fund bought and sold in September 2022.
| New Buys | Value as on 30 September 2022 (Rs m) |
|---|---|
| Harsha Engineers International Ltd. | 279.40 |
| Adani Total Gas Ltd. | 137.90 |
| National Aluminium Company Ltd. | 56.10 |
| The India Cements Ltd. | 23.40 |
| Rain Industries Ltd. | 16.00 |
| Birlasoft Ltd. | 11.80 |
| Abbott India Ltd. | 9.20 |
| Hindustan Copper Ltd. | 6.00 |
| PVR Ltd. | 5.80 |
| Complete Sell | Value as on 31 August 2022 (Rs m) |
| H.G. Infra Engineering Ltd. | 10.30 |
| GE Power India Ltd. | 2.60 |
| Dalmia Bharat Ltd. | 1.50 |
| Manappuram Finance Ltd. | 0.60 |
| Intellect Design Arena Ltd. | 0.40 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
| Page Industries Ltd. | 3,810 |
| Tech Mahindra Ltd. | 56,43,046 |
| Berger Paints India Ltd. | 96,845 |
| Zydus Lifesciences Ltd. | -1,31,329 |
| Indian Oil Corporation Ltd. | -1,56,99,081 |
| Jubilant FoodWorks Ltd. | -2,49,629 |
Final words...
Ahead of the September quarter earnings season, fund managers offloaded stocks from the oil & gas sector and metal sector and rightly so.
When there's concerns of a recession, stocks from defensive sectors are considered recession proof stocks. And FMCG stocks, consumption stocks, and pharma stocks are among the defensive sectors.
Metal and energy companies on the other hand are cyclical and are dependent on global demand. They could just as easily witness heavy selling.
From the pharma space, fund managers found quite a liking to Syngene International and Cipla while from the consumption space, Devyani International and Zomato were eyed.
Taking into consideration the festive season, Maruti Suzuki and M&M also saw buying.
How the mutual fund buying and selling trend pans out in the month of October 2022 remains to be seen.
We will keep you updated on all the developments from this space.
Stay tuned.
Since you're interested in what mutual funds are buying and selling, check out Equitymaster's Indian Stock Screener.
This tool tracks the stocks recently bought by mutual funds along with the stocks recently sold by them.
Happy investing!
PS: The above piece relies on data from PersonalFN. PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.
Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...
Yash Vora is a financial writer with the Microcap Millionaires team at Equitymaster. He has followed the stock markets right from his early college days. So, Yash has a keen eye for the big market movers. His clear and crisp writeups offer sharp insights on market moving stocks, fund flows, economic data and IPOs. When not looking at stocks, Yash loves a game of table tennis or chess.
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