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  • Jul 13, 2022 - Top 5 Stocks Mutual Funds Bought and Sold in June 2022

Top 5 Stocks Mutual Funds Bought and Sold in June 2022

Jul 13, 2022

How long will retail investors and DIIs continue to drive the inflows into Indian share markets? This is a question likely to come of attention in the coming months.

Despite the recent fall in Indian share markets, retail investors are not scared and keep pouring amounts in equity mutual funds schemes.

Data revealed by the mutual funds association in India (AMFI) showed that retail mutual fund schemes saw positive inflows for the 16th consecutive month in June 2022. 'Come hell or high water, we're not backing off' seems to be the motto for them.

To be sure, foreign investors have sold Indian stocks big time for the past few months (though the pace of selling has slowed). This is not the only ongoing concern. There are recession fears, the global uncertainty, record high inflation, etc.

Coming back to mutual fund inflows, mutual fund schemes saw net inflows of Rs 133.4 bn in June 2022.

This was 16% lower if compared sequentially, as May 2022 had Rs 185.3 bn worth of inflows.


If the total funds are considered, Rs 408.4 bn worth of funds were mobilized while Rs 275 bn worth of funds were redeemed.

Here's something interesting...

Mutual fund portfolios clocked an all-time high number at 134.7 m while retail folios too stood at all-time high of 107.2 m.

If that doesn't convince the retail investors faith, maybe this will. The number of SIP accounts stood at an all-time high in June 2022 at 55.4 m.

SIPs have been in favor. If anyone asks where to invest in mutual funds, they'll refer the SIP route hands down.

The monthly systematic investment plan (SIP) contribution stood at the same level where it was in the previous month. June 2022's SIP contribution figures stood at Rs 122.8 bn as against May's Rs 122.9 bn.

Index funds, which are also a preferred investment route in a volatile market, received net inflows during June.

Debt funds continued with their trend and saw huge outflows worth Rs 922.5 bn in June. This is followed by net outflows of Rs 327.2 bn in May.

Let's look at the stocks that mutual funds traded the most during this period...

Top Stocks Sold by Mutual Funds in June 2022

Largecaps: Indian mutual funds trimmed their positions in largecap stocks such as Ambuja Cement, Zomato, Tata Steel, LIC, and Hindustan Aeronautics.

Zomato was also in the selling list in the previous month.

Midcaps: From the midcap space, mutual funds offloaded Vodafone Idea, GMR Infra, and L&T Finance Holding.

Selling was also seen in Deepak Nitrite and BHEL.

Smallcaps: RBL Bank, Strides Pharma, Indiabulls Housing Finance, and Greaves Cotton saw maximum selling by MFs from the smallcap space in June 2022.

They also sold some quantity in Chennai Petroleum, where Dolly Khanna has increased stake.

Top Stocks Bought by Mutual Funds in June 2022

Largecaps: Coming to buying, Vedanta, Tech Mahindra, ICICI Lombard General Insurance, and Grasim among other largecaps, witnessed massive inflows.

Metal and IT stocks are falling, and mutual funds went bottom fishing in those sectors it seems.

Midcaps: From the midcap space, fund managers loaded up shares of Motherson Sumi Wiring, IDFC First Bank, IEX, Tata Communications, and Petronet LNG.

Smallcaps: Newly listed Aether Industries, Miraz International, and Rain Industries were the top smallcap buys.

Top Equity Mutual Funds in June 2022

Here is the list of top 10 mutual fund houses as per their equity asset under management (AUM) as of June 2022.

Top 10 Equity Mutual Funds as per AUM

Top Fund Houses Equity AUM (Rs bn)
SBI Mutual Fund 3,770.1
ICICI Prudential Mutual Fund 2,097.7
HDFC Mutual Fund 1,805.9
Nippon India Mutual Fund 1,403.7
UTI Mutual Fund 1,381.0
Axis Mutual Fund 1,245.9
Kotak Mutual Fund 1,200.0
Aditya Birla SL Mutual Fund 1,008.5
Mirae Asset Mutual Fund 875.0
DSP Mutual Fund 592.5
Data Source: ACE MF, PersonalFN Research

What India's Top Mutual Funds Bought and Sold in June 2022

As it appears from the above data, fund managers focused more on midcap stocks and smallcap stocks in June 2022. They looked for fundamentally strong and profitable companies.

The coming months may see more inflows into equity mutual funds schemes as mutual funds line up with their new fund offers (NFOs).

Since April 2022, the mutual fund industry has not rolled out a single new scheme due to delay in implementation of the new norms around pooling of investor funds.

According to industry players, about a dozen NFOs in the equity and hybrid categories will kick off over the next few weeks as asset management companies (AMCs) look set to take advantage of pent-up demand and fall in valuations.

How the mutual fund buying and selling trend pans out in the month of July 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 Powerful 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...

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