Top 5 Stocks Mutual Funds Bought and Sold in May 2021

Equity mutual funds continued to draw investors in May 2021 even as India faces one of the biggest health crisis.

In the month of May, the mutual fund industry witnessed highest net inflows since March 2020, as a decline in covid cases combined with vaccination drive and prospects of an economic recovery improved investor sentiment.

Better than expected earnings also boosted optimism.

Investors pumped in Rs 100.8 bn into equity and equity-oriented schemes during May 2021.

This marks the third consecutive month of net inflows for open-ended equity schemes.

After eight consecutive months of outflows, equity mutual funds saw net inflows of Rs 91.2 bn in March 2021 and Rs 34.4 bn in April 2021.

The contribution of monthly systematic investment plan (SIP) increased marginally to Rs 88.2 bn in May from Rs 85.9 bn in April 2021.

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

Top Stocks Sold by Mutual Funds in May 2021

Indian mutual funds trimmed their positions in Tata Motors DVR, Borosil Renewables, Kalyan Jewellers, Heranba Industries, DFM Foods, Sanghvi Movers, Kolte Patil, and Kirloskar Industries in May.

Among these stocks, Tata Motors DVR witnessed the maximum selling of Rs 1.3 bn.

Apart from the above, the other most sold stocks by mutual funds in May included Skipper, Zuari Global, Gravita India, Fermenta Biotech, Rico Auto Industries, GPT Infraprojects, and HPL Electric.

Top Stocks Bought by Mutual Funds in May 2021

On the other hand, the top bought small cap stocks in May were Shree Renuka Sugars, Parag Milk Foods, Shakti Pumps, TCNS Clothing, Magma Fincorp, Avanti Feeds, and Lux Industries.

Apart from the above, the other most bought stocks by mutual funds in May included TV18 Broadcast, Solara Active Pharma, Butterfly Gandhimathi Appliances, EID Parry, and Poly Medicure.

The small cap fund category witnessed Rs 10.8 bn worth inflows in May as compared to Rs 1.8 bn in April 2021.

Top Equity Mutual Funds in May 2021

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

Top 10 Equity Mutual Funds as per AUM

Top Fund Houses	Equity AUM (Rs bn)
SBI Mutual Fund	2,823.6
ICICI Prudential Mutual Fund	1,705.3
HDFC Mutual Fund	1,672.3
Nippon India Mutual Fund	1,240.0
UTI Mutual Fund	1,126.4
Axis Mutual Fund	1,107.9
Kotak Mutual Fund	995.3
Aditya Birla SL Mutual Fund	970.7
Mirae Asset Mutual Fund	694.7
DSP Mutual Fund	565.8

Data Source: ACE MF, PersonalFN Research

Here's what the top three asset managers bought and sold in the month of May 2021.

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

• SBI Mutual Fund

  India's largest equity fund held Rs 2,824 bn in equities as of May 2021.

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

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

  New Buys	Value as on 31 May 2021 (Rs m)
  CreditAccess Grameen Ltd.	194.0
  Oil India Ltd.	40.4
  Complete Sell	Value as on 30 April 2021 (Rs m)
  Agro Tech Foods Ltd.	80.6
  Tata Chemicals Ltd.	79.2
  Garden Reach Shipbuilders & Engineers Ltd.	52.5
  Top Increase / Decrease in Stakes	Change in No. of Shares
  Tata Power Company Ltd.	9,249,467
  Ashok Leyland Ltd.	4,000,806
  Container Corporation Of India Ltd.	1,651,916
  Bharat Heavy Electricals Ltd.	-8,035,731
  Indian Railway Catering & Tourism Corporation Ltd.	-42,500
  JSW Energy Ltd.	-6,434,019

  Source: ACE MF, PersonalFN Research

• ICICI Prudential Mutual Fund

  ICICI Mutual Fund stands as the second largest equity fund with Rs 1,705 bn in equities as of May 2021.

  The second spot was held by HDFC Mutual Fund, in the month of April 2021.

  The top three equity holdings of ICICI Prudential Mutual Fund include ICICI Bank, Infosys, and Bharti Airtel.

  Here's what the fund bought and sold in May 2021.

  New Buys	Value as on 31 May 2021 (Rs m)
  Voltamp Transformers Ltd.	31.9
  Complete Sell	Value as on 30 April 2021 (Rs m)
  Easy Trip Planners Ltd.	170.4
  Astra Microwave Products Ltd.	54.4
  Indian Metals & Ferro Alloys Ltd.	51.5
  Texmaco Rail & Engineering Ltd.	13.6
  Ravinder Heights Ltd.	6.3
  Meghmani Organics Ltd. - (Amalgamated)	0.1
  Top Increase / Decrease in Stakes	Change in No. of Shares
  Emami Ltd.	156,537
  Sonata Software Ltd.	236,123
  Dr. Lal Pathlabs Ltd.	16,884
  DCM Shriram Ltd.	-121,240
  Rain Industries Ltd.	-200,000
  Century Textiles & Industries Ltd.	-24,077

  Data Source: ACE MF, PersonalFN Research

• HDFC Mutual Fund

  Following ICICI Prudential Mutual Fund we have HDFC Mutual Fund with Rs 1,672 bn in equities as of May 2021.

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

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

  New Buys	Value as on 31 May 2021 (Rs m)
  VIP Industries Ltd.	340.5
  Info Edge (India) Ltd.	108.6
  Ashok Leyland Ltd.	63.3
  Larsen & Toubro Infotech Ltd.	47.9
  Indraprastha Gas Ltd.	1.5
  Complete Sell	Value as on 30 April 2021 (Rs m)
  Can Fin Homes Ltd.	434.2
  Bata India Ltd.	116.0
  HPL Electric & Power Ltd.	36.0
  SRF Ltd.	29.7
  The Ramco Cements Ltd.	17.6
  Manappuram Finance Ltd.	0.9
  Alkem Laboratories Ltd.	0.6
  Top Increase / Decrease in Stakes	Change in No. of Shares
  L&T Finance Holdings Ltd.	1,954,356
  Amara Raja Batteries Ltd.	560,000
  Zee Entertainment Enterprises Ltd.	1,665,000
  Barbeque-Nation Hospitality Ltd.	-260,232
  Havells India Ltd.	-37,000
  Pidilite Industries Ltd.	-87,500

  Data Source: ACE MF, PersonalFN Research

With Indian stock markets scaling fresh record highs, retail investors continued to opt for mutual fund investments in May.

The equity funds reported a record monthly addition of 10.98 lakh portfolios in May. It was three times the two-year monthly average of 3.81 lakh additions.

How the mutual fund buying and selling trend pans out in the month of June 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 HYPERLINK "http://www.personalfn.com/" \t "_blank" PersonalFN. PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.