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- May 13, 2023 - Top 5 Stocks Mutual Funds Bought and Sold in April 2023
Top 5 Stocks Mutual Funds Bought and Sold in April 2023
The month-on-month net inflows for equity mutual funds came down by 68% to Rs 64.8 billion (bn) in April 2023, as per the figures released by the Association of Mutual Funds in India (AMFI).
According to experts, inflows for April were lower as there was no clear direction for retail investors to follow. Benchmark indices were rangebound. The other reason could be profit booking.
Many say that the inflows for May 2023 would be much higher than April 2023 as FIIs are coming back to India. This will boost retail investors' confidence.
Despite a steep fall in net inflows, the number of new systematic investment plans (SIPs) registered in April was 19,55,569.
The SIP assets under management (AUM) increased to Rs 7,171.8 bn in April from Rs 6,833 bn in March 2023.
A total of 9 open-ended new fund offers (NFOs) were floated which mobilised around Rs 18.3 bn.
In the equity mutual funds category, the bulk of the flows came into midcap and smallcap funds. Smallcap schemes saw inflows of Rs 21.8 bn while midcap funds saw Rs 17.9 bn worth inflows.
Inflows into largecap funds saw a steep decline to Rs 530 million (m) compared to Rs 9.1 bn in March 2023.
In the debt fund category, April 2023 saw a total inflow of Rs 1,066.7 bn against an outflow of Rs 568.8 bn in March 2023.
The index funds category saw inflows of Rs 1.5 bn.
Let's take a look at the stocks that mutual funds traded the most during this period...
Top Stocks Sold by Mutual Funds in April 2023
Largecaps: Indian mutual funds trimmed their positions in largecap stocks such as SBI, Axis Bank, and ICICI Bank.
ITC, LIC and Bajaj Finserv were the other largecaps that saw selling.
Midcaps: From the midcap space, mutual funds offloaded Route Mobile and Graphite India.
Smallcaps: Stove Kraft saw maximum selling by MFs from the smallcap space in April 2023.
Top Stocks Bought by Mutual Funds in April 2023
Largecaps: Coming to buying, Infosys, HUL, and NTPC witnessed massive inflows.
Reliance, HDFC, Sun Pharma and Tata group's Tata Motors also witnessed buying.
Midcaps: From the midcap space, mutual funds bought shares of Nykaa, RHI Magnesita, Dixon Technologies and Crompton Greaves.
Smallcaps: Newly listed Avalon Tech, CE Info Systems and CMS Info Systems were the top smallcap buys.
Top Equity Mutual Funds in April 2023
Here is the list of top 10 mutual fund houses as per their equity asset under management (AUM) as of April 2023.
Top 10 Equity Mutual Funds as per AUM
| Top Fund Houses | Equity AUM (Rs bn) |
|---|---|
| SBI Mutual Fund | 4,769.5 |
| ICICI Prudential Mutual Fund | 2,514.0 |
| HDFC Mutual Fund | 2,289.6 |
| Nippon India Mutual Fund | 1,709.4 |
| UTI Mutual Fund | 1,661.8 |
| Kotak Mutual Fund | 1,437.6 |
| Axis Mutual Fund | 1,338.6 |
| Aditya Birla SL Mutual Fund | 1,128.4 |
| Mirae Asset Mutual Fund | 1,051.8 |
| DSP Mutual Fund | 670.7 |
What India's Top Mutual Funds Bought and Sold in April 2023
SBI Mutual Fund
India's largest equity fund held Rs 4,769.5 bn in equities as of April 2023.
The top equity holdings of the fund include HDFC Bank, ICICI Bank, and Reliance Industries.
Here's what SBI Mutual Fund bought and sold in April 2023.
New Buys Value as on 30 April 2023 (Rs m) Eris Lifesciences Ltd. 4.90 Complete Sell Value as on 31 March 2023 (Rs m) Bajaj Electricals Ltd. 8.40 Edelweiss Financial Services Ltd. 5.50 Top Increase / Decrease in Stakes Change in No. of Shares Mahindra Lifespace Developers Ltd. 338,482 Escorts Kubota Ltd. 33,000 Mahanagar Gas Ltd. 30,549 Galaxy Surfactants Ltd. -39,681 Laurus Labs Ltd. -550,000 Dr. Lal Pathlabs Ltd. -24,476 Data Source: ACE MF, PersonalFN Research ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund was the second largest equity fund house with Rs 2,514 bn in equities as of April 2023.
The top three equity holdings of ICICI Prudential Mutual Fund include ICICI Bank, Infosys, and Reliance Industries.
Here's what the fund bought and sold in April 2023.
New Buys Value as on 30 April 2023 (Rs m) Sagar Cements Ltd. 1,164.80 Paradeep Phosphates Ltd. 92.90 Kalyani Steels Ltd. 66.30 MOIL Ltd. 50.80 Complete Sell Value as on 31 March 2023 (Rs m) Chennai Petroleum Corporation Ltd. 261.30 Hathway Cable & Datacom Ltd. 61.70 GHCL Ltd. 0.30 Allcargo Logistics Ltd. 0.20 Top Increase / Decrease in Stakes Change in No. of Shares Computer Age Management Services Ltd. 101,324 KPIT Technologies Ltd. 445,226 TTK Prestige Ltd. 104,190 Thyrocare Technologies Ltd. -143,821 Triveni Turbine Ltd. -689,464 Rain Industries Ltd. -797,312 Data Source: ACE MF, PersonalFN Research HDFC Mutual Fund
Following ICICI Prudential Mutual Fund we have HDFC Mutual Fund with Rs 2,290 bn in equities as of April 2023.
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 April 2023.
New Buys Value as on 30 April 2023 (Rs m) BEML Land Assets Ltd. 732.20 Avalon Technologies Ltd. 334.70 NMDC Steel Ltd. 0.60 Complete Sell Value as on 31 March 2023 (Rs m) Mirza International Ltd. 187.40 Inox Green Energy Services Ltd. 68.80 Allcargo Logistics Ltd. - Top Increase / Decrease in Stakes Change in No. of Shares RHI Magnesita India Ltd. 2,881,880 Shoppers Stop Ltd. 1,164,467 Eris Lifesciences Ltd. 709 Vodafone Idea Ltd. -6,931,338 Laurus Labs Ltd. -525,837 Tube Investments of India Ltd. -774,496 Data Source: ACE MF, PersonalFN Research
Apart from the above, this year's largest IPO so far Mankind Pharma saw huge inflows as 7 of the top Indian mutual funds included the stock in their portfolio.
How the mutual fund buying and selling trend pans out in the month of May 2023 remains to be seen. We will keep you updated on all the developments from this space.
Stay tuned.
As 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!
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Lithium is the new oil. It is the key component of electric batteries.
There is a huge demand for electric batteries coming from the EV industry, large data centres, telecom companies, railways, power grid companies, and many other places.
So, in the coming years and decades, we could possibly see a sharp rally in the stocks of electric battery making companies.
If you're an investor, then you simply cannot ignore this opportunity.
Details of our SEBI Research Analyst registration are mentioned on our website - www.equitymaster.comPS: 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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kuldeep
Jun 9, 2023good information