SBI AMC increases stake by 211% in Go Fashion, spends Rs 3,367 crore on Wipro shares in December '21 —Top 10 buys

SBI Asset Management Company (AMC) has entrusted recently listed retailer of women's apparel Go Fashion (India) Ltd the most in terms exposure in per centage change vis a vis capital allocation in November and December. SBI Mutual fund bought 25 lakh shares of Go Fashion in December 2021 as against 8 lakh shares in November 2021. This was a whooping 211% change as the Mutual Fund house increased its investment from Rs 100 crore in November to Rs 264 crore in December, showed ICICI Direct research report.  

Next in the line was a public Infrastructure Finance Company in power sector, REC Limited. The fund house allocated Rs 64 crore and bought 46 lakh shares of the public sector company in December as against 22 lakh shares and Rs 22 crore. SBI AMC increased its exposure in REC Limited by 107% in the last month.  

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However, as far as capital allocation is concerned, IT major Wipro Ltd remains the favourite stock of SBI AMC. The AMC bought shares worth Rs 3,367 crore of this Bengaluru-headquartered IT company. SBI AMC held 471 lakh shares of Wipro in December as comparison to 327lakh shares amounting to Rs2085 crore in November.  SBI AMC increased allocation in Wipro by 44% in December.  

Other hot buys for SBI AMC in December 2021 were AU Small Finance Bank Limited (13 lakh shares worth Rs 132 crore), KPR Mill Limited (18 lakh shares amounting to Rs 119 crore), Tata Power Company Ltd (53 lakh totaling to Rs 118 crore), CRISIL Limited (3 lakh Shares worth Rs 99 crore) and Mpasis Ltd (2 lakh shares to the tune of Rs 69 crore).

Besides, the public sector fund house also bought 5 lakh fresh shares in Ipca Laboratories worth Rs 54 crore. It increased stake in Cholamandalam Finance Holdings Ltd by 79% as SBI AMC held 8 lakh shares worth Rs 55 lakh of this financial services firm.

As per December Mutual Fund data with Stock Edge, an app to analyse NSE, BSE, Mutual Funds data, the SBI had an AMC size of 6,39,023 crore and runs 141 schemes as on December 31, 2021.