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- Jul 15, 2021 - Top 5 Stocks Mutual Funds Bought and Sold in June 2021
Top 5 Stocks Mutual Funds Bought and Sold in June 2021
Equity mutual funds continued to attract investors in the month of June 2021 as Indian share markets hit record highs.
However, the participation was not as high as seen in the month of May as investors booked some profits.
Net inflows into equity mutual fund schemes fell by half in June 2021 from the previous month and stood at Rs 46.1 bn in June.
This compared with Rs 92.4 bn in May 2021.
The contribution of monthly systematic investment plan (SIP) increased marginally to Rs 91.6 bn in June, an all-time high, from Rs 88.2 bn in May 2021.
It must be noted that prior to March 2021, the equity segment did witness net outflows for eight continuous months.
With net inflows in the recent four months, investors are gaining conviction on Indian equity markets.
However, overall net inflows into equity schemes in the first six months of 2021 disappointed.
Net inflows were at Rs 40.4 bn in January to June of this year compared to robust inflows of Rs 411.4 bn in the same period last year.
Let us take a look at which stocks mutual funds traded in the most during the month of June.
Top Stocks Sold by Mutual Funds in June 2021
Largecaps: Indian mutual funds trimmed their positions in largecap stocks such as Hindustan Zinc, NMDC, Adani Enterprises, Dabur India and Titan in June.
Midcaps: Among midcap stocks, the highest-selling was seen in JSW Energy, Vodafone Idea, Sun TV Network, Petronet LNG, and Alkyl Amines.
Smallcaps: From the smallcap space, mutual funds trimmed positions in Easy Trip Planners, Rane Holdings, SpiceJet and Happiest Minds Technologies in June.
Top Stocks Bought by Mutual Funds in June 2021
Largecaps: Coming to buying, Indus Towers, SBI Cards and Payment Services, JSW Steel, HDFC Life and Godrej Consumer witnessed massive inflows.
Midcaps: From the midcap space, fund managers loaded up shares of Sona BLW Precision Forgings, TVS Motors and Indian Bank.
The midcap fund category attracted higher investments with net inflows of Rs 17.3 bn.
Smallcaps: Recently listed IPOs of Dodla Dairy, KIMS, and Shyam Metalics were the top buys from smallcap space.
Apart from the above, Orchid Pharma and Zensar Tech were also the top picks.
Top Equity Mutual Funds in June 2021
Below is the list of top 10 mutual fund houses as per their equity asset under management (AUM) as on June 2021.
Top 10 Equity Mutual Funds as per AUM
| Top Fund Houses | Equity AUM (Rs bn) |
|---|---|
| SBI Mutual Fund | 2,921.6 |
| ICICI Prudential Mutual Fund | 1,745.7 |
| HDFC Mutual Fund | 1,688.0 |
| Nippon India Mutual Fund | 1,272.0 |
| UTI Mutual Fund | 1,168.3 |
| Axis Mutual Fund | 1,141.9 |
| Kotak Mutual Fund | 1,038.6 |
| Aditya Birla SL Mutual Fund | 981.3 |
| Mirae Asset Mutual Fund | 725.7 |
| DSP Mutual Fund | 588.9 |
Here's what the top three asset managers bought and sold in the month of June 2021.
What India's Top Mutual Funds Bought and Sold in June 2021
#1 SBI Mutual Fund
India's largest equity fund held Rs 2,922 bn in equities as of June 2021.
The top three equity holdings of the fund include HDFC Bank, Infosys and Reliance Industries.
Here's what SBI Mutual Fund bought and sold in June 2021.
| New Buys | Value as on 30 June 2021 (Rs m) |
|---|---|
| Sona BLW Precision Forgings Ltd. | 6,892.50 |
| Dodla Dairy Ltd | 2,462.90 |
| Indian Bank | 1,993.40 |
| KNR Constructions Ltd. | 1,259.50 |
| Brigade Enterprises Ltd. | 1,252.40 |
| Manappuram Finance Ltd. | 1,012.50 |
| India Pesticides Ltd. | 650.00 |
| Avanti Feeds Ltd. | 68.20 |
| Complete Sell | Value as on 31 May 2021 (Rs m) |
|---|---|
| Barbeque-Nation Hospitality Ltd. | 152.20 |
| JSW Energy Ltd. | 309.80 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
|---|---|
| Shriram Transport Finance Company Ltd. | 402,679 |
| CreditAccess Grameen Ltd. | 1,601,064 |
| Wendt (India) Ltd. | 69,932 |
| Vodafone Idea Ltd. | -5,040,000 |
| General Insurance Corporation of India | -27,487 |
| Hindustan Zinc Ltd. | -28,370 |
#2 ICICI Prudential Mutual Fund
ICICI Mutual Fund stands as the second largest equity fund with Rs 1,746 bn in equities as of June 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 June 2021.
| New Buys | Value as on 30 June 2021 (Rs m) |
|---|---|
| Krishna Institute of Medical Sciences Ltd | 828.20 |
| Intellect Design Arena Ltd. | 0.40 |
| Balaji Amines Ltd. | 0.20 |
| Happiest Minds Technologies Ltd. | 0.20 |
| Infibeam Avenues Ltd. | 0.20 |
| Burger King India Ltd. | 0.10 |
| Rossari Biotech Ltd. | 0.10 |
| Mazagon Dock Shipbuilders Ltd. | 0.004 |
| Complete Sell | Value as on 31 May 2021 (Rs m) |
|---|---|
| Gujarat Industries Power Company Ltd. | 4.92 |
| Chemcon Speciality Chemicals Ltd. | 3.80 |
| Wonderla Holidays Ltd. | 1.61 | Starlog Enterprises Ltd. | 0.74 |
| Care Ratings Ltd. | 0.01 |
| Heritage Foods Ltd. | 0.01 |
| Suprajit Engineering Ltd. | 0.01 |
| Time Technoplast Ltd. | 0.01 |
| TVS Srichakra Ltd. | 0.01 |
| Bombay Dyeing And Manufacturing Company Ltd. | 0.004 |
| Nava Bharat Ventures Ltd. | 0.004 |
| TV Today Network Ltd. | 0.004 |
| Omaxe Ltd. | 0.002 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
|---|---|
| Zensar Technologies Ltd. | 1,587,886 |
| Bharat Dynamics Ltd. | 187,950 |
| Garware Technical Fibres Ltd. | 36,355 |
| Thyrocare Technologies Ltd. | -279,990 |
| Godrej Agrovet Ltd. | -392,491 |
| Sadbhav Engineering Ltd. | -2,546,892 |
#3 HDFC Mutual Fund
Following ICICI Prudential Mutual Fund we have HDFC Mutual Fund with Rs 1,688 bn in equities as of June 2021.
The top three equity holdings of the fund include State Bank of India (SBI), ICICI Bank, and Infosys.
Here's what HDFC Mutual Fund bought and sold in June 2021.
| New Buys | Value as on 30 June 2021 (Rs m) |
|---|---|
| Krishna Institute of Medical Sciences Ltd | 1,172.30 |
| Sona BLW Precision Forgings Ltd. | 648.10 |
| Inox Wind Energy Ltd. | 114.10 |
| Bata India Ltd. | 77.30 |
| The Ramco Cements Ltd. | 54.10 |
| Alembic Pharmaceuticals Ltd. | 20.00 |
| Alkem Laboratories Ltd. | 15.40 |
| Godrej Properties Ltd. | 12.70 |
| TVS Motor Company Ltd. | 12.20 |
| Manappuram Finance Ltd. | 8.10 |
| Coromandel International Ltd. | 4.50 |
| Metropolis Healthcare Ltd. | 1.70 |
| Complete Sell | Value as on 31 May 2021 (Rs m) |
|---|---|
| Grindwell Norton Ltd. | 1,281.30 |
| V.S.T. Tillers Tractors Ltd. | 107.80 |
| Marico Ltd. | 66.50 |
| Hathway Cable & Datacom Ltd. | 22.20 |
| Shree Pushkar Chemicals & Fertilisers Ltd. | 19.00 |
| Barbeque-Nation Hospitality Ltd. | 8.70 |
| Avanti Feeds Ltd. | 4.50 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
|---|---|
| Indraprastha Gas Ltd. | 165,000 |
| Page Industries Ltd. | 1,170 |
| Havells India Ltd. | 64,000 |
| NMDC Ltd. | -536,000 |
| Info Edge (India) Ltd. | -21,875 |
| Just Dial Ltd. | -816,063 |
As Indian stock markets scaled fresh record highs, retail investors continued to opt for mutual fund investments in June.
There are several factors at play here.
Such as improvement on Covid situation combined with the pickup in vaccination drive.
Good earnings by companies has also boosted sentiment.
What's interesting is that fund managers showed appetite for the recently listed initial public offerings (IPOs).
IPOs such as Krishna Institute of Medical Sciences (KIMS), Sona BLW Precision Forgings, India Pesticides and Shyam Metalics secured strong participation from leading fund houses.
How the mutual fund buying and selling trend pans out in the month of July 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.
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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SESHADRI CHAKRAVARTHI
Jul 17, 2021Very useful information