Top 5 Stocks Mutual Funds Bought and Sold in March 2021 - Views on News from Equitymaster

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  • Apr 16, 2021 - Top 5 Stocks Mutual Funds Bought and Sold in March 2021

Top 5 Stocks Mutual Funds Bought and Sold in March 2021

Apr 16, 2021

Equity mutual funds turned net buyers for the first time in the last nine months in March 2021.

This was seen on the back of a correction in equity markets that started mid-February and led resurgence of flows into equity-oriented mutual funds.

Equity funds saw inflows of Rs 91.1 bn in March 2021.

The investment through systematic investment plan (SIP) rose to all-time high levels.

Let us take a look at which stocks mutual funds traded in the most during this period.

Top Stocks Sold by Mutual Funds in March 2021

Indian mutual funds cut their holdings in key Nifty stocks in March.

From the large cap space, mutual funds trimmed their positions in GAIL India Ltd, ONGC Ltd, Hindalco Industries Ltd, Vedanta Ltd, and Adani Green Energy Ltd in March.

In the midcap space, TVS Motor Company Ltd, Vodafone Idea Ltd, LIC Housing Finance Ltd, and Amara Raja Batteries Ltd witnessed maximum selling.

Among smallcaps, the highest selling by equity mutual funds was seen in Mahindra Lifespace Developers Ltd, Ashiana Housing Ltd, IDFC Ltd, and Shilpa Medicare Ltd.

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Top Stocks Bought by Mutual Funds in March 2021

On the other hand, the top bought large cap stocks in March included Yes Bank Ltd, SBI Cards and Payment Services Ltd, Havells India Ltd, HDFC Asset Management Company Ltd, and Godrej Consumer Products Ltd.

In the midcap space, the highest buying by equity mutual funds was seen in Wabco India Ltd, Max Healthcare Institute Ltd, Tata Communications Ltd, Granules India Ltd, and L&T Finance Holdings Ltd.

Among smallcaps, mutual funds made the highest purchases in Hathway Cable & Datacom Ltd, Varroc Engineering Ltd, Sterling and Wilson Solar Ltd, Welspun Corp Ltd, and IFB Industries Ltd in March.

Top Equity Mutual Funds in March 2021

Below is the list of top 10 mutual fund houses as per their equity asset under management (AUM) as on March 2021.

Top 10 Equity Mutual Funds as per AUM

Top Fund Houses Equity AUM (Rs bn)
SBI Mutual Fund 2,620.1
HDFC Mutual Fund 1,554.4
ICICI Prudential Mutual Fund 1,515.8
Nippon India Mutual Fund 1,139.5
UTI Mutual Fund 1,045.7
Axis Mutual Fund 1,003.8
Kotak Mutual Fund 918.5
Aditya Birla SL Mutual Fund 913.6
Mirae Asset Mutual Fund 633.6
DSP Mutual Fund 513.8
Data Source: ACE MF, PersonalFN Research

Now let's look at what the top three asset managers bought and sold in the month of March 2021.

Get Details: We are Bullish on These 3 Little-known Stocks

What India's Top Mutual Funds Bought and Sold in March 2021

  • SBI Mutual Fund

    India's largest equity fund held Rs 2,620 bn in equities as of March 2021.

    The top three equity holdings of the fund include HDFC Bank, Reliance Industries, and Infosys.

    Here's what SBI Mutual Fund bought and sold in March 2021.

    New Buys Value as on 31 March 2021 (Rs m)
    Adani Enterprises Ltd. 229.0
    AU Small Finance Bank Ltd. 858.6
    Barbeque-Nation Hospitality Ltd. 135.4
    CESC Ltd. 356.1
    Granules India Ltd. 50.8
    Jindal Steel & Power Ltd. 55.0
    Laxmi Organic Industries Ltd. 228.8
    Max Healthcare Institute Ltd. 3,757.1
    MTAR Technologies Ltd. 1,706.9
    Nazara Technologies Ltd. 178.2
    Trent Ltd. 12.0
    Wabco India Ltd. 8,796.9
    Yes Bank Ltd. 139.8
       
    Complete Sell Value as on 28 February 2021 (Rs m)
    Dr. Lal Pathlabs Ltd. 2.9
    Rites Ltd. 30.6
    Tamil Nadu Newsprint & Papers Ltd. 242.5
    V2 Retail Ltd. 57.1
       
    Top Increase / Decrease in Stakes Change in No. of Shares
    Tata Power Company Ltd. 1,309,496
    SBI Cards And Payment Services Ltd. 2,026,487
    Tata Consumer Products Ltd. 8,295,049
    Hindustan Zinc Ltd. -227,668
    General Insurance Corporation of India Ltd. -220,566
    Shriram Transport Finance Company Ltd. -104,000
    Source: ACE MF, PersonalFN Research
  • HDFC Mutual Fund

    HDFC Mutual Fund stands as the second largest equity fund with Rs 1,554 bn in equities as of March 2021.

    The top three equity holdings of the fund include ICICI Bank, State Bank of India, and Infosys.

    Here's what HDFC Mutual Fund bought and sold in March 2021.

    New Buys Value as on 31 March 2021 (Rs m)
    Alembic Pharmaceuticals Ltd. 13.8
    AU Small Finance Bank Ltd. 33.7
    Barbeque-Nation Hospitality Ltd. 135.3
    Berger Paints India Ltd. 2.5
    Colgate-Palmolive (India) Ltd. 1.1
    CRISIL Ltd. 185.2
    Deepak Nitrite Ltd. 16.6
    Granules India Ltd. 23.0
    Havells India Ltd. 47.3
    Heranba Industries Ltd. 227.2
    Larsen & Toubro Infotech Ltd. 2.4
    Marico Ltd. 17.3
    Max Healthcare Institute Ltd. 4,407.7
    MTAR Technologies Ltd. 216.0
    National Aluminium Company Ltd. 13.8
    Nazara Technologies Ltd. 175.8
    PI Industries Ltd. 9.6
    Tata Communications Ltd. 5,465.0
    Varroc Engineering Ltd. 2,457.3
    Wabco India Ltd. 3,408.6
       
    Complete Sell Value as on 28 February 2021 (Rs m)
    Alkyl Amines Chemicals Ltd. 103.3
    Indraprastha Gas Ltd. 9.5
    Manappuram Finance Ltd. 2.1
    Siti Networks Ltd. 16.2
    TVS Motor Company Ltd. 5.0
    Vodafone Idea Ltd. 212.8
       
    Top Increase / Decrease in Stakes Change in No. of Shares
    Biocon Ltd. 374,900
    Ashok Leyland Ltd. 1,377,000
    ICICI Lombard General Insurance Co Ltd. 101,275
    Birla Corporation Ltd. -481,365
    Muthoot Finance Ltd. -626,420
    Railtel Corporation Of India Ltd. -3,023,226
    Data Source: ACE MF, PersonalFN Research
  • ICICI Prudential Mutual Fund

    Following HDFC Mutual Fund we have ICICI Prudential Mutual Fund with Rs 1,515 bn in equities as of March 2021.

    The top three equity holdings of the fund include ICICI Bank, Infosys, and Bharti Airtel.

    Here's what ICICI Prudential Mutual Fund bought and sold in March 2021.

    New Buys Value as on 31 March 2021 (Rs m)
    Barbeque-Nation Hospitality Ltd. 135.3
    Craftsman Automation Ltd. 219.1
    Den Networks Ltd. 295.5
    Easy Trip Planners Ltd. 188.3
    Laxmi Organic Industries Ltd. 187.9
    Max Healthcare Institute Ltd. 2.8
    MTAR Technologies Ltd. 178.0
    Nazara Technologies Ltd. 175.8
       
    Complete Sell Value as on 28 February 2021 (Rs m)
    Indigo Paints Ltd. 270.8
    Rossari Biotech Ltd. 12.6
       
    Top Increase / Decrease in Stakes Change in No. of Shares
    Hathway Cable & Datacom Ltd. 39,000,026
    Thyrocare Technologies Ltd. 280,004
    Advanced Enzyme Technologies Ltd. 606,612
    Sonata Software Ltd. -307,908
    Lux Industries Ltd. -6,426
    Eris Lifesciences Ltd. -1,673
    Data Source: ACE MF, PersonalFN Research

How the mutual fund buying and selling trend pans out in the month of April remains to be seen.

We will keep you updated on all the developments from this space.

Stay tuned.

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.

Monish Vora

Monish Vora is a keen student of the markets and shares his observations through his clear and concise commentary.

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