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- Sep 16, 2023 - Top 5 Stocks Mutual Funds Bought and Sold in August 2023
Top 5 Stocks Mutual Funds Bought and Sold in August 2023
- Overall equity mutual fund inflows at Rs 202.5 billion (bn) in August 2023, were the highest in five months.
- Smallcap funds received the second-highest inflows in August.
- Mutual fund portfolios hit an all-time high of 154.2 million (m) in August (151.4 m in July).
- SIP inflows were at an all-time high of Rs 158.1 bn in August.
This reflects the growing bullishness towards the Indian mutual fund industry and growing awareness.
In August 2023, inflows into equity mutual funds surged 167% to Rs 202.5 bn as smallcap and midcap funds saw heavy demand.
Systematic investment plans (SIPs) continued their good run. The official AMFI data showed that the contribution via SIPs hit a fresh all-time high of Rs 158.1 bn in August.
Following the trend that's been going on for some months, largecap funds continued to see outflows.
Meanwhile, smallcap funds drew the highest net inflows in August.
Inflows into gold ETFs surged to the highest level since April 2022.
Let's take a look at the stocks that mutual funds traded the most during this period...
Top Stocks Sold by Mutual Funds in August 2023
Largecaps: Indian mutual funds trimmed their positions in largecap stocks such as Dr Reddy's Labs, Trent, and Tata Consumer Products.
Pidilite and Indian Oil Corporation were the other largecaps that saw selling.
Midcaps: From the midcap space, mutual funds offloaded Supreme Industries, HDFC AMC, and Astral.
Smallcaps: Campus Activewear, Anupam Rasayan, SIS, and Mahanagar Gas saw maximum selling by MFs from the smallcap space in August 2023.
Top Stocks Bought by Mutual Funds in August 2023
Largecaps: Coming to buying, Adani Power, Zomato, and IRCTC witnessed massive inflows.
Tata Power and Interglobe Aviation (IndiGo) also witnessed buying.
Midcaps: From the midcap space, mutual funds bought shares of Union Bank of India, Star Health, ACC, and Nykaa.
Other notable midcaps that saw heavy buying include Dixon Technologies and Coforge.
Smallcaps: Suzlon Energy, SJS Enterprises and Inox Wind were the top smallcap buys.
Reportedly, mutual funds bought 647.1 m shares of Suzlon Energy worth Rs 15.9 bn in August 2023.
Other smallcaps that witnessed buying include Premier Explosives and Godrej Industries.
Top Equity Mutual Funds in August 2023
Here is the list of top 10 mutual fund houses as per their equity asset under management (AUM) as of August 2023.
Top 10 Equity Mutual Funds as per AUM
| Top Fund Houses | Equity AUM (Rs bn) |
|---|---|
| SBI Mutual Fund | 5,369.7 |
| ICICI Prudential Mutual Fund | 2,919.8 |
| HDFC Mutual Fund | 2,705.6 |
| Nippon India Mutual Fund | 2,077.5 |
| UTI Mutual Fund | 1,855.5 |
| Kotak Mutual Fund | 1,664.7 |
| Axis Mutual Fund | 1,469.6 |
| Aditya Birla SL Mutual Fund | 1,262.2 |
| Mirae Asset Mutual Fund | 1,183.0 |
| DSP Mutual Fund | 772.8 |
What India's Top Mutual Funds Bought and Sold in August 2023
# SBI Mutual Fund
India's largest equity fund held Rs 5,370 bn in equities as of August 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 August 2023.
| Company Name | |
|---|---|
| New Buys | Value as on 31 August 2023 (Rs m) |
| Jupiter Life Line Hospitals Ltd. | 545.00 |
| Sundaram Clayton DCD Ltd. | 361.20 |
| Complete Sell | Value as on 31 July 2023 (Rs m) |
| NRB Bearings Ltd. | 175.30 |
| Control Print Ltd. | 69.60 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
| Coforge Ltd. | 3,485,334 |
| Nippon Life India Asset Management Ltd. | 2,000,533 |
| Kajaria Ceramics Ltd. | 2,449,574 |
| Escorts Kubota Ltd. | -189,046 |
| Ipca Laboratories Ltd. | -242,007 |
| Astral Ltd. | -139,804 |
# ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund was the second largest equity fund house with Rs 2,920 bn in equities as of August 2023.
The top three equity holdings of ICICI Prudential Mutual Fund include ICICI Bank, Infosys, and HDFC Bank.
Here's what the fund bought and sold in August 2023.
| Company Name | |
|---|---|
| New Buys | Value as on 31 August 2023 (Rs m) |
| SJS Enterprises Ltd. | 1275.80 |
| Redtape Ltd. | 1257.10 |
| Inox Wind Ltd. | 1017.20 |
| Tatva Chintan Pharma Chem Ltd. | 795.40 |
| Sundaram Clayton DCD Ltd. | 422.50 |
| Universal Cables Ltd. | 23.10 |
| Complete Sell | Value as on 31 July 2023 (Rs m) |
| Gufic Biosciences Ltd. | 114.80 |
| Kalyani Steels Ltd. | 84.70 |
| India Glycols Ltd. | 19.00 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
| Minda Corporation Ltd. | 6,146,985 |
| Prince Pipes and Fittings Ltd. | 1,121,540 |
| Nippon Life India Asset Management Ltd. | 2,163,920 |
| Shoppers Stop Ltd. | -411,753 |
| Piramal Enterprises Ltd. | -832,330 |
| Emami Ltd. | -459,009 |
# HDFC Mutual Fund
Following ICICI Prudential Mutual Fund we have HDFC Mutual Fund with Rs 2,706 bn in equities as of August 2023.
The top five equity holdings of the fund include ICICI Bank, HDFC Bank, State Bank of India, Infosys, and NTPC.
Here's what HDFC Mutual Fund bought and sold in August 2023.
| Company Name | |
|---|---|
| New Buys | Value as on 31 August 2023 (Rs m) |
| Astra Microwave Products Ltd. | 961.90 |
| Ion Exchange (India) Ltd. | 325.80 |
| Rishabh Instruments Ltd. | 250.00 |
| Complete Sell | Value as on 31 July 2023 (Rs m) |
| TVS Holdings Ltd. | 50,965.00 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
| Blue Dart Express Ltd. | 15,024 |
| KSB Ltd. | 74,714 |
| Suzlon Energy Ltd. | 57,305,528 |
| Indiabulls Housing Finance Ltd. | -967,759 |
| Godrej Properties Ltd. | -48,011 |
| Laurus Labs Ltd. | -81,789 |
How the mutual fund buying and selling trend pans out in the month of September 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 outEquitymaster's Indian Stock Screener.
This tool tracks thestocks recently bought by mutual fundsalong with thestocks recently sold by them.
Happy investing!
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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...
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Shreyas
Dec 8, 2023Hi Team,
This post is really helpful to get some understanding on the mutual funds.
I was searching for the similar post for September, October and November month but did not find it.
Waiting for similar post for recent months.
Thanks in anticipation!!
Good job!!