Mutual funds bought stocks worth Rs 30,600 crore in the Indian secondary market in April. Mutual fund managers, in order to actively manage the portfolios, add or exit some stocks from their portfolios on a monthly basis. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in April according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.
The report highlighted the key additions across the mutual fund industry. They were ICICI Bank (Rs 8,300 crore), SBI (Rs 4,300 crore) and Sun Pharma (Rs 2,600 crore), while the key reductions were Wipro (Rs 2,400 crore), HDFC Bank (Rs 2,200 crore) and Hindalco Industries (Rs 2,000 crore).
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Largecap segment
The key buying was seen in ICICI Bank, State Bank of India, Eternal, Infosys and Adani Ports and SEZ while key selling was seen in Reliance Industries, Kotak Mahindra Bank, Hindalco Industries, Jio Financial and Wipro.
For three consecutive months, the key additions by mutual funds were Bharti Airtel, ICICI Bank, TCS, Hindustan Unilever and Infosys whereas the key reductions were Life Insurance Corporation, Wipro, IOCL, Jio Financial Services and Polycab India.
The top holdings from the largecap segment in pure equity schemes were HDFC Bank, ICICI Bank, Axis Bank, Reliance Industries and Bharti Airtel.
Midcap segment
In the midcap segment, the key buying was seen in Poonawalla Fincorp, United Spirits, BHEL, ITC Hotels and BSE, while key selling was seen in GE Vernova T&D I, Persistent System, Biocon, Bharat Forge and M&M Financial Services.
The key additions were Poonawalla Fincorp (Rs 1,600 crore), Delhivery (Rs 1,100 crore) and ITC Hotels (Rs 700 crore) whereas the key reductions were GE Shipping Co (Rs 300 crore), K E C Intl (Rs 300 crore) and Vardhman Textile (Rs 300 crore).
Mutual funds added Ipca Labs, Container Corporation, United Breweries, IREDA and Poonawalla Fincorp for three consecutive months and key reductions were Glaxosmi Pharma, Blue Star, JB Chem, TVS Holdings and ZF Commercial Vehicle.
The top holdings in pure equity schemes from the midcap segment were Federal Bank, Max Financial, BSE, GE Vernova T&D India and PBFintech.
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Smallcap segment
In the smallcap segment, significant buying was seen in RBL Bank, Indraprastha Gas, Delhivery, Sona BLW & Navin Fluorine international, while highest selling was seen in Manappuram Finance, GR Infraproject, GE Shipping Co, Triveni Turbine and CIE Automotive.
The new entries included Central Bank, Prime Focus, Jayaswal Neco, Nava, Olectra Greentech, while Indian Hume Pipe, Ador Welding, SpiceJet, Simplex Infra, Roto Pumps were the complete exits.
The key additions were Powerica (Rs 500 crore), Cello World (Rs 200 crore) and BlackBuck (Rs 200 crore) whereas the key reductions were GR Infraprojects (Rs 200 crore), Shakti Pumps (Rs 100 crore) and KNR Const (Rs 100 crore).
For three consecutive months, the key additions were MMTC, Va Tech Wabag, Ask Automotive, Maharashtra Seamless and HealthGlobal whereas the key reductions were Sharda Cropchem, Lemon Tree Hotels, Garware Hi-Tech Films, Bata India and Triven Engineering and Industries.
The top holdings in equity schemes from the smallcap segment were SonaBLWPrecision, Delhivery, Aster DM Health., Karur Vysya Bank and Gland Pharma.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
