Amid geopolitical tensions and extended selling by Foreign Portfolio Investors (FPIs), equity mutual funds saw surge in fund on month-on-month basis as they attracted Rs 19,705 crore in February, making it the 12th consecutive monthly net inflow.  

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In January, equity mutual funds saw a net inflow of Rs 14,888 and Rs 25,077 crore in December 2021, data from the Association of Mutual Funds in India (AMFI) showed.  

As per PTI, the mutual fund industry witnessed a net outflow of Rs 1,843 crore across all segments during the period under review, compared to Rs 35,586 crore in January.  

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"Net inflows have been higher in the last four months at lower market levels. In the last few years, every sharp market fall is witnessing higher inflows, indicating maturity among retail investors, observed ICICI Direct.  

Infosys saw maximum buying interest in February as mutual fund houses bought the IT shares worth Rs 3020 crore, while they slightly trimmed in India's largest IT firm TCS by Rs 920 crore, showed data with Edelweiss Alternate Research.  

Among other hot picks were Reliance on which MFs spent Rs 2380 crore), Rs 2010 crore on ICICI Bank and Rs1530 crore on Manyavar.  

After TCS, fund managers reduced their position in Vedanta by Rs 610 crore, Apollo Hospitals (Rs 490 crore) and Escorts (490 crore).

Among banks, ICICI Bank, SBI, HDFC Bank came out as top favourites of the fund houses, while cut down stake in IndusInd Bank, PNB, City Union Bank and Axis Bank.
We have collated a list of stocks from the ICICIdirect report in which fund managers bought and sold the most across large, mid, and smallcap space. It is to be noted that only Stocks above Rs 50 crore holding were considered:
 

Large Cap

Source: ICICIDirect
Buying interest among largecap was seen in Piramal Enterprises, PB Fintech, JSW Energy Ltd, DLF, Godrej Consumer Products etc.  
Fund managers across AMC trimmed maximum position in HDFC Asset Management Company, followed by Vedanta Ltd, IRCTC, SAIL, Tata Power Company etc.

Midcap


Source: ICICIDirect

Similarly, among midcap, fund houses raised stakes in GMR Infra, Bandhan Bak, Vodafone Idea, Laurus Labs, Zee Entertainment Enterprises etc.
They reduced their position in Escorts, Colgate, PNB, BHEL, Adity Birla Sunlife AMC etc.  

Smallcap

Source: ICICIDirect
In the small cap category, maximum buying interest was seen in TV 18 Broadcast. Aegis Logistics, Restaurant Brands Asia, Equitas Small Finance Bank, Metropolis Healthcare ltd etc were other stocks where fund managers showed their trust in February.

CE Infosystems, PTC India, Amar Raja Batteries, Granules India and Oriental Hotels saw maximum offloading by fund houses in small cap space.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)