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  • MARCH 16, 2021

Top 5 Stocks Mutual Funds Bought and Sold in February 2021

Equity mutual funds witnessed an outflow of Rs 45.3 billion in February 2021.

This was the eighth consecutive monthly withdrawal.

The outflows were primarily seen due to a massive pullout from the newly created flexi-fund category and profit-booking by investors as the benchmark indices scaled record-high levels.

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

Top Stocks Sold by Mutual Funds in February 2021

Indian mutual funds cut their holdings in key Nifty stocks in February.

Retail investors continued to withdraw money from equity schemes with the Indian stock market setting new record highs.

Among largecaps, mutual funds trimmed their positions in Punjab National Bank Ltd, IDBI Bank Ltd, Adani Enterprises Ltd, Hindustan Zinc Ltd, and Bandhan Bank Ltd in February.

In the midcap space, Zee Entertainment Enterprises Ltd, New India Assurance Ltd, Sun TV Network Ltd, and Nippon Life India Asset Management Ltd witnessed maximum selling.

Among smallcaps, the highest selling by equity mutual funds was seen in Allcargo Logistics Ltd, Engineers India Ltd, Igarashi Motors India Ltd, and KRBL Ltd.

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Top Stocks Bought by Mutual Funds in February 2021

On the other hand, the top bought large cap stocks in February included IndusInd Bank Ltd, Tata Motors Ltd, DLF Ltd, United Spirits Ltd, and Godrej Consumer Products Ltd.

In the midcap space, the highest buying by equity mutual funds was seen in L&T Finance Holdings Ltd, Steel Authority of India Ltd, Shriram Transport Finance Company Ltd, Indian Railway Catering & Tourism Corporation Ltd, and GMR Infrastructure Ltd.

Among smallcaps, mutual funds made the highest purchases in Poly Medicure Ltd, Esab India Ltd, Mayur Uniquoters Ltd, and Indiabulls Housing Finance Ltd in February.

Top Equity Mutual Funds in February 2021

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

Top 10 Equity Mutual Funds as per AUM

Top Fund Houses Equity AUM (Rs bn)
SBI Mutual Fund 2,608.0
HDFC Mutual Fund 1,567.4
ICICI Prudential Mutual Fund 1,562.2
Nippon India Mutual Fund 1,135.7
UTI Mutual Fund 1,026.8
Axis Mutual Fund 977.7
Aditya Birla SL Mutual Fund 898.9
Kotak Mutual Fund 884.0
Mirae Asset Mutual Fund 609.8
DSP Mutual Fund 497.9
Data Source: ACE MF, PersonalFN Research

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

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

  • SBI Mutual Fund

    India's largest equity fund held Rs 2,608 bn in equities as of February 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 February 2021.

    New Buys Value as on 28 February 2021 (Rs m)
    Esab India Ltd. 2,430.1
    Indigo Paints Ltd. 838.3
    MTAR Technologies Ltd. 700.0
    Sundram Fasteners Ltd. 62.9
    Vodafone Idea Ltd. 52.2
    Dr. Lal Pathlabs Ltd. 2.9
       
    Complete Sell Value as on 31 January 2021 (Rs m)
    ABB Power Products & Systems India Ltd. 329.9
    Thyrocare Technologies Ltd. 279.8
    Tata Metaliks Ltd. 108.3
    Fairchem Organics Ltd. 77.0
       
    Top Increase / Decrease in Stakes Change in No. of Shares
    LIC Housing Finance Ltd. 1,450,005
    Mindtree Ltd. 203,686
    Ashok Leyland Ltd. 315,024
    Indus Towers Ltd. -1,790,712
    Rites Ltd. -166,224
    Bank Of Baroda -6,698,186
    Data Source: ACE MF, PersonalFN Research
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  • HDFC Mutual Fund

    HDFC Mutual Fund stands as the second largest equity fund with Rs 1,567 bn in equities as of February 2021.

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

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

    New Buys Value as on 28 February 2021 (Rs m)
    Railtel Corporation Of India Ltd. 706.2
    Steel Authority Of India Ltd. 315.6
    Indigo Paints Ltd. 270.8
    Sterlite Technologies Ltd. 267.9
    Heranba Industries Ltd. 225.0
    Johnson Controls - Hitachi Air Conditioning India Ltd. 70.2
    Gujarat Gas Ltd. 33.1
    Indraprastha Gas Ltd. 9.5
    TVS Motor Company Ltd. 5.0
    Manappuram Finance Ltd. 2.1
       
    Complete Sell Value as on 31 January 2021 (Rs m)
    Rain Industries Ltd. 365.0
    Adani Enterprises Ltd. 190.5
    Orient Refractories Ltd. 72.8
    MRF Ltd. 31.9
    Indiamart Intermesh Ltd. 19.3
    Colgate-Palmolive (India) Ltd. 15.7
    KCP Ltd. 14.0
    Berger Paints India Ltd. 6.2
    Dr. Lal Pathlabs Ltd. 5.6
    Havells India Ltd. 5.2
    Marico Ltd. 5.0
    NMDC Ltd. 1.4
       
    Top Increase / Decrease in Stakes Change in No. of Shares
    ICICI Prudential Life Insurance Company Ltd. 109,500
    DLF Ltd. 564,300
    Dabur India Ltd. 1,331,387
    Info Edge (India) Ltd. -15,250
    Biocon Ltd. -59,800
    Cadila Healthcare Ltd. -738,235
    Data Source: ACE MF, PersonalFN Research
  • ICICI Prudential Mutual Fund

    Following HDFC Mutual Fund we have ICICI Prudential Mutual Fund with Rs 1,562 bn in equities as of February 2021.

    The top three equity holdings of the fund include ICICI Bank, Bharti Airtel, and Infosys.

    Here's what ICICI Prudential Mutual Fund bought and sold in February 2021.

    New Buys Value as on 28 February 2021 (Rs m)
    Railtel Corporation Of India Ltd. 387.3
    Accenture Plc 336.8
    Home First Finance Company India Ltd. 290.6
    Indigo Paints Ltd. 270.8
    Wonderla Holidays Ltd. 5.0
    Solara Active Pharma Science Ltd. 0.1
       
    Complete Sell Value as on 31 January 2021 (Rs m)
    Elgi Equipments Ltd. 83.0
    Precision Camshafts Ltd. 18.9
    Tejas Networks Ltd. 18.8
    Jubilant Pharmova Ltd. 0.4
       
    Top Increase / Decrease in Stakes Change in No. of Shares
    Lux Industries Ltd. 6,428
    Whirlpool Of India Ltd. 101,332
    Aditya Birla Capital Ltd. 1,104,695
    Laurus Labs Ltd. -516,762
    Galaxy Surfactants Ltd. -8,205
    Bharat Heavy Electricals Ltd. -17,539,791
    Data Source: ACE MF, PersonalFN Research

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

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