Mutual Funds on buying spree: Check list of large, mid-cap shares bought and booked profit in by AMCs in August

The asset management companies (AMCs)or Mutual Funds saw tremendous growth in August as it registered an overall inflow of around Rs 33000 crore in the month, informed Zee Business Research Analyst Devanshi Ashar while speaking to Managing Editor Anil Singhvi.

For the third straight session in August, the SIP (systematic investment plan) new registration has crossed over 20 lakhs. In the last month, as many as 25 lakh new accounts were registered and opened in SIP by Mutual Funds, Ashar mentions.

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The MF houses were mostly bullish on the newly listed stock, as buying appears in the companies that recently started their exchange journey. Chemplast, Nuvoco Vistas, Devyani International, CarTrade Tech, Krsnaa Diagnostic, Windlass Biotech, Exxaro Tiles and Glenmark Life Sciences as the companies’ stocks most mutual funds bought in August. 

In the large-cap categories, MF houses bought shares of firms such as Bandhan Bank, DLF, Marico, Adani Enterprise, Berger Paints, SBI, Vedanta and Godrej Consumer. These stocks were the highest bet with respect to market value, the analyst pointed out.

Similarly, in the mid-cap category, the mutual fund firms have bought Bank of India, Canara Bank, Aavas Financiers, BHEL and Minda Industries for good gains, similarly, they also bought Indiabulls Housing Finance Limited, Indiabulls Real Estate, Mahindra CIE, Arvind fashion and Shaym Metallic. 

The analyst said the mutual fund firms didn’t completely come out of any stock, however, they booked profit in Piramal Enterprises, YES Bank, Eichcer Motors, Tata consumers among others.