Top 10 stocks fund managers bought and sold in September across large, mid & small cap space

Indian market rose to fresh record highs in September with benchmark indices registering gains of about 3 per cent but flows into equity flows slowed down for the second consecutive month in a row.

Inflows into equity funds (ex-NFOs) remained low for a second consecutive month at Rs 2,100 crore in September 2021, compared to Rs 1,800 crore recorded in August against Rs 6000-9000 range since March 2021, data from ICICIdirect report showed.

New Fund Offer (NFO) inflows during September stood at Rs 6579 crore compared to Rs 6,863 crore in August. SIP inflows crossed Rs 10,000 crore during September 2021 for the first time and came in at Rs 10,351 crore compared to Rs 9,923 crore in August 2021.

The overall mutual funds industry's assets under management (AUM) jumped to nearly Rs 37 lakh crore in September, registering an over 33 per cent growth compared to the year-ago period, according to AMFI data.

Industry experts feel that the MF industry is in its nascent stage and is expected to hit Rs 100 lakh cr in the next 10 years. Inflows from retail investors are supporting the liquidity rally on D-Street.

“We have written about this theme in the past too and at the cost of repeating myself, we will look back at March 2020 as the tailwind for the financialization of the Indian economy,” Naveen Chandramohan, Founder & Fund Manager – ITUS Capital, said.

“In a perverse way, I believe the number of demat accounts open today will eventually benefit the MF and Asset management industry. Over the next 10 years, I expect the MF industry to be at 100L Crores. So, within this context, we
are only seeing the initial stages of this growth,” he said.

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. Socks above Rs 50 crore holding were considered:

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Largecap:

Fund managers across AMC raised stakes in stocks like HDFC AMC, Piramal Enterprises, Adani Enterprises, Bajaj Auto, SBI Life Insurance, and Punjab National Bank, etc.

Selling was seen in stocks like Yes Bank, Indus Tower, HDFC Life Insurance, Bharti Airtel, Adani Green, and Bandhan Bank etc. among others.

Midcap:
Fund managers across AMC raised stakes in Vodafone Idea, Max Healthcare, Canara Bank, Escorts, Ashok Leyland, and Bharat Forge, etc. among others.

Selling was seen in stocks like IRCTC, Sun TV, Dr Lal Pathlabs, Nippon Life, Petronet LNG, Godrej Properties, and Voltas.

Smallcap:
Fund managers across AMC raised stakes in Kolte Patil, PTC India, Action Construction, Arvind Fashions, IIFL Wealth Management, and Can Fin Homes.

Selling was seen in stocks like Gujarat Narmada, Laxmi Organics, Granules India, Easy Trip, Welspun India, and ITD Cementation, etc. among others.

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