Mutual Funds ALERT! MF houses trust THESE STOCKS - Zee Business research team deep dives into details for investors' benefit - All you need to know

Zee Business research team has looked into positions of top mutual funds and have collated a data where these MFs have increased, decreased or made a fresh buying. This data is solely for the month of May. These data will reveal which sector was in focus of these Mutual Fund houses and how they increased their weightage in certain sectors and which stocks they chose to ignore or cut down their positions in.  

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Senior Research Analyst at Zee Business Varun Duey said he has checked data of top Mutual Funds like HDFC Mutual Fund, Mirae Asset Management MF, ICICI prudential Mutual Fund and SBI Mutual Fund and found that HDFC Bank and HDFC Limited were top picks.  

मई में म्यूचुअल फंड्स ने क्या खरीदा और क्या बेचा?

जानिए म्यूचुअल फंड्स को किन शेयरों पर है भरोसा?#May #MutualFunds @AnilSinghvi_ @VarunDubey85 pic.twitter.com/r2PQdU72G9

— Zee Business (@ZeeBusiness) June 14, 2021

The data showed Mirae, HDFC Mutual Fund and ICICI Pru making fresh buying in HDFC bank and HDFC Limited. Cummins India also saw good buying with ICICI Prudential and HDFC Mutual Fund making fresh position in this share and SBI Mutual Fund increasing their stake in this counter.  

Auto stocks also came in focus with many funds picking Bajaj auto, Ashok Leyland and. HDFC MF and Franklin MF bought Bajaj auto, while Ashok Leyland saw Mirae Asset and ICICI Pru increased their weightage.  

Technology space was another area where MFs showed their interest. Mirae Assets made new buying in HCL Tech and ICICI upped their weightage in this share. Tech Mahindra saw HDFC MF and ICICI Pru consolidating their positions in this stock.  

Meanwhile, Reliance Industries Limited (RIL) and ITC shares saw these MFs losing interest in them. Mirae, HDFC and SBI chucked out RIL from their respective portfolios, while HDFC and ICICI Pru reduced their weightage in ITC.