Top 10 stocks which fund managers bought and sold in November 2021 across large, mid & smallcap space

Benchmark indices fell by about 4 per cent in November but fund managers used the dip to add stocks to their portfolio as net flows into equity mutual funds witnessed a four-month high level of Rs 11,615 crore in November.

This was also the ninth consecutive monthly net inflow, according to the Association of Mutual Funds in India (AMFI) data released earlier in November highlighted.

Much of the market anxiety was attributable to global factors such as uncertainty around the US Federal Reserve, uncertainty around COVID new variant, rise in crude oil prices, and rise in the US Dollar Index.

The large buying seen from fund managers in November was supported by a strong systematic investment plan (SIP) book that topped Rs 11000 cr despite market volatility.

Experts are of the view that the trend in SIPs is likely to continue in the near future as well. “The India demographics seems to be finally kicking in with a very mature response coming through from new retail investors. This trend should continue with some natural corrections on the way,” Alok Jain, founder of Weekend Investing, said.

The month of November saw the highest monthly net infusion since July, when equity-oriented mutual funds witnessed a net inflow of Rs 25,002 crore, said a PTI report.

Equity schemes have been seeing net inflows since March this year. The segment has received a net inflow of Rs 85,381 crore during this period, highlighting the positive sentiments among investors.

The month of November saw notable changes in the sector and stock allocation of funds. On a month-on-month (MoM) basis, the weights of Technology, Capital Goods, Telecom, Healthcare, Consumer, Automobiles, and Textiles increased, Motilal Oswal said in a note.

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 in November. Socks above Rs 50 crore holding were considered:

Largecap:

Fund managers across AMC raised stakes in stocks like Yes Bank, Berger Paints, Bandhan Bank, IndusInd Bank, Indus Towers, and Dabur India.  

Selling was seen in stocks like Vedanta, Zomato, Apollo Hospitals, GAIL India, Biocon, HDFC AMC, and Piramal Enterprises etc.

Midcap:

Fund managers across AMC raised stakes in stocks like Vodafone Idea, JSW Energy, Devyani International, Glenmark Pharma, and Sun TV.

Selling was seen in IRCTC, Tata Power, BHEL, GMR Infrastructure, Godrej Properties, and Escorts etc. among others.

Smallcaps:

Fund managers across AMC raised stakes in stocks like Indiabulls Housing Finance, Fino Payment, Graphite India, IFB Industries, and Minda Corporation etc. among others.

Selling was seen in BSE, Railtel Corp, PNB Housing Finance, Aarti Drugs, GE Power India, Prataap Snacks, and Elgi Equipment etc. among others.

(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.)