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- Dec 16, 2022 - Top 5 Stocks Mutual Funds Bought and Sold in November 2022
Top 5 Stocks Mutual Funds Bought and Sold in November 2022
As Indian share markets continued to remain on the edge tracking the pace of rate hikes by central banks, the month of November 2022 saw a sharp drop in mutual fund inflows.
Inflows into equity mutual funds for November 2022 came in at Rs 22.6 billion (bn) as against Rs 93.9 bn recorded in October 2022.
This is a sharp drop of 76% on a sequential basis which took inflows to a 21-month lows.
Apart from the uncertainty surrounding rate hikes, people took off some money on the back of festive season and as markets rallied to record levels in November.
The net assets under management (AUM) of the mutual fund industry stood at Rs 40.5 trillion (tn) as on 30 November 2022.
Within the equity category, thematic funds segment saw the biggest inflows at Rs 13.8 bn, while the largecap fund segment saw the highest net outflow of Rs 10.4 bn. This was largecap funds' worst outflows in 22 months.
Debt funds saw net inflows of Rs 36.7 bn in November 2022 compared to net outflows of Rs 28.2 bn in October.
Inflows in the debt fund segment has remained volatile for quite some time now. They could stabilise once the RBI rate hikes stabilise.
Index funds saw inflows of Rs 86.1 bn as investors preferred to stick to low-cost index funds.
Gold ETFs saw an outflow of Rs 1.9 bn. Experts attributed this outflow to profit booking amid the rally in the markets and gold demand in the households for the prevailing wedding season.
Now coming to SIPs...
Inflows through systematic investment plans (SIP) rose to a record and stood at Rs 133.1 bn. This compared with previous month's inflows of Rs 130.4 bn.
The number of new SIPs increased by 2.2 million (m).
Going by SIP inflows in the first eight months of current calendar year, the industry is set to breach record SIP collections of the previous year. SIPs have been in favor among retail investors. If anyone asks where to invest in mutual funds, they'll refer the SIP route hands down.
Let's take a look at the stocks that mutual funds traded the most during this period...
Top Stocks Sold by Mutual Funds in November 2022
Largecaps: Indian mutual funds trimmed their positions in largecap stocks such as Bank of Baroda, HCL Technologies, Hindalco, and HDFC Life.
HCL Tech also saw selling in the previous month.
Other stocks where selling was observed include Dabur and Adani Enterprises.
Midcaps: From the midcap space, mutual funds offloaded IRCTC, Indian Hotels, BHEL, and Vodafone Idea.
Other candidates here were Aurobindo Pharma and Tube Investments of India.
Smallcaps: Easy Trip Planners, Rain Industries, Fino Payments Bank, and Railtel Corporation saw maximum selling by MFs from the smallcap space in November 2022.
No wonder EasyMyTrip share price is falling.
Top Stocks Bought by Mutual Funds in November 2022
Largecaps: Coming to buying, Tata Steel, Vedanta, and Bandhan Bank witnessed massive inflows.
Mutual funds bought approximately 69.8 m shares of Tata Steel while they added 12.7 m shares of Bandhan Bank.
ICICI Prudential, which has fallen recently, also saw some buying from mutual funds (6.6 m shares).
Midcaps: From the midcap space, fund managers loaded up shares of Union Bank, SAIL, Delhivery, and NMDC.
They also bought Bank of India and PolicyBazaar.
Smallcaps: Jindal Stainless, Orient Paper, and Strides Pharma were the top smallcap buys.
Mutual funds also added some quantities of EV batter maker Amara Raja Batteries and TCPL Packaging.
Top Equity Mutual Funds in November 2022
Here is the list of top 10 mutual fund houses as per their equity asset under management (AUM) as of November 2022.
Top 10 Equity Mutual Funds as per AUM
| Top Fund Houses | Equity AUM (Rs bn) |
|---|---|
| SBI Mutual Fund | 4,747.7 |
| ICICI Prudential Mutual Fund | 2,453.3 |
| HDFC Mutual Fund | 2,204.3 |
| UTI Mutual Fund | 1,700.3 |
| Nippon India Mutual Fund | 1,671.8 |
| Axis Mutual Fund | 1,453.7 |
| Kotak Mutual Fund | 1,415.1 |
| Aditya Birla SL Mutual Fund | 1,165.2 |
| Mirae Asset Mutual Fund | 1,044.4 |
| DSP Mutual Fund | 689.3 |
What India's Top Mutual Funds Bought and Sold in November 2022
SBI Mutual Fund
India's largest equity fund held Rs 4,748 bn in equities as of November 2022. The October 2022 figure was Rs 4,573 bn.
The top four equity holdings of the fund include ICICI Bank, Reliance Industries, HDFC Bank, and Infosys.
Here's what SBI Mutual Fund bought and sold in November 2022.
| Company Name | |
|---|---|
| New Buys | Value as on 30 November 2022 (Rs m) |
| Archean Chemical Industries Ltd. | 4,526.00 |
| Global Health Ltd. | 4,178.70 |
| Complete Sell | Value as on 31 October 2022 (Rs m) |
| Shriram City Union Finance Ltd. - (Amalgamated) | 1,319.30 |
| Mindtree Ltd. - (Amalgamated) | 609.80 |
| Sadbhav Engineering Ltd. | 11.30 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
| Krishna Institute of Medical Sciences Ltd | 3,01,141 |
| Housing & Urban Development Corporation Ltd. | 30,11,678 |
| Polycab India Ltd. | 88,220 |
| NCC Ltd. | -34,38,764 |
| Dixon Technologies (India) Ltd. | -16,983 |
| Rain Industries Ltd. | -5,04,896 |
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund was the second largest equity fund house with Rs 2,453 bn in equities as of November 2022. The same figure in the month of October 2022 was Rs 2,365 bn.
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 November 2022.
| Company Name | |
|---|---|
| New Buys | Value as on 30 November 2022 (Rs m) |
| Archean Chemical Industries Ltd. | 570.90 |
| Fusion Micro Finance Ltd. | 519.50 |
| Global Health Ltd. | 454.10 |
| Inox Green Energy Services Ltd. | 353.40 |
| Bikaji Foods International Ltd. | 205.50 |
| Kaynes Technology India Ltd. | 173.00 |
| Sarda Energy & Minerals Ltd. | 55.70 |
| Complete Sell | Value as on 31 October 2022 (Rs m) |
| Mindtree Ltd. - (Amalgamated) | 1,955.40 |
| Craftsman Automation Ltd. | 80.00 |
| Shriram City Union Finance Ltd. - (Amalgamated) | 0.20 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
| PCBL Ltd. | 29,45,946 |
| RHI Magnesita India Ltd. | 28,169 |
| Delhivery Ltd. | 91,31,995 |
| IIFL Wealth Management Ltd. | -7,20,665 |
| Ratnamani Metals & Tubes Ltd. | -1,63,813 |
| General Insurance Corporation of India | -12,40,018 |
HDFC Mutual Fund
Following ICICI Prudential Mutual Fund we have HDFC Mutual Fund with Rs 2,204 bn in equities as of November 2022. The October 2022 figure was Rs 2,115 bn.
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 November 2022.
| Company Name | |
|---|---|
| New Buys | Value as on 30 November 2022 (Rs m) |
| DCX Systems Ltd. | 736.70 |
| Archean Chemical Industries Ltd. | 570.90 |
| Global Health Ltd. | 454.10 |
| Five-Star Business Finance Ltd. | 430.30 |
| Bikaji Foods International Ltd. | 205.50 |
| Kaynes Technology India Ltd. | 173.00 |
| Intellect Design Arena Ltd. | 154.70 |
| Steel Authority Of India Ltd. | 135.40 |
| Inox Green Energy Services Ltd. | 93.50 |
| Manappuram Finance Ltd. | 44.90 |
| NMDC Ltd. | 1.60 |
| Complete Sell | Value as on 31 October 2022 (Rs m) |
| Mindtree Ltd. - (Amalgamated) | 810.10 |
| Shriram City Union Finance Ltd. - (Amalgamated) | 390.60 |
| Zydus Lifesciences Ltd. | 2.30 |
| Top Increase / Decrease in Stakes | Change in No. of Shares |
| National Aluminium Company Ltd. | 6,84,250 |
| IDFC First Bank Ltd. | 14,39,288 |
| LTIMindtree Ltd. | 1,29,958 |
| ICICI Prudential Life Insurance Company Ltd. | -20,62,888 |
| Zomato Ltd. | -55,25,904 |
| Alembic Pharmaceuticals Ltd. | -12,83,000 |
Final words...
Data available shows that the focus has turned to midcaps and smallcaps instead of largecaps. Investors are trying to filter the best stocks from the midcap and smallcap space to find out where the big opportunity lies.
Also, even as market condition remains volatile at present, the primary market has seen good activity and is recovering since the past couple of months. Nine IPOs came out in November, marking the highest number of IPO launches for 2022.
Along with retail investors, mutual funds too joined the party and put good amount in newly listed stocks.
The data in the tables above shows how the top 3 mutual funds went on a shopping spree for IPO companies.
A report also states that mutual funds' holding value at the end of November 2022 in the newly listed stocks stood at around Rs 33 bn.
Here's how their holding looks like:
- Global Health - Rs 9.8 bn
- Archean Chemicals - Rs 9.3 bn
- Bikaji Foods - Rs 5.3 bn
- Fusion Micro Finance - Rs 3.5 bn
- Kaynes Technologies - Rs 2.2 bn
- Five Star Business Finance - Rs 1.4 bn
- Keystone Realtors - Rs 1 bn
- Inox Green - Rs 50 m
How the mutual fund buying and selling trend pans out in the month of December 2022 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!
Safe Stocks to Ride India's Lithium Megatrend
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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