Despite slowdown in Indian economy and a sharp decline in stock market, investors kept faith in equity funds. This is evident from the fact that the MF industry received inflows Rs.9,090 crore in August in its open ended schemes. This was the fifth consecutive time that monthly inflows into equity funds witnessed a rise.
To understand how MFs are dealing with these rising inflows in this volatile market, take a look what went in and went out last month.
Large cap
On a consolidated basis in large cap stocks, Ashok Leyland, Eicher Motors, Avenue Supermarts, Adani Ports and Yes Bank witnessed the highest buying during August, shows an ICICI Direct report.
Meanwhile, Zee Entertainment, HDFC AMC, Havells, L&T Finance and Bandhan Bank saw the highest selling.
|
Top 10 buys in large cap |
Increase in number of shares (lakhs) |
|
Ashok Leyland |
448 |
|
Eicher Motors |
3 |
|
Avenue Supermarts |
50 |
|
Adani Ports and Special Economic Zone |
90 |
|
Yes Bank |
412 |
|
Biocon |
57 |
|
Ultratech Cement Ltd |
18 |
|
Motherson Sumi Systems |
484 |
|
Reliance Industries |
326 |
|
JSW Steel |
50 |
|
Top 10 sells in large cap |
Decrease in number of shares (lakhs) |
|
Zee Entertainment Enterprises |
131 |
|
HDFC Asset Management Company |
2 |
|
Havells India |
24 |
|
L&T Finance Holdings |
58 |
|
Bandhan Bank |
24 |
|
Hero MotoCorp |
17 |
|
Bharti Infratel |
18 |
|
United Spirits |
35 |
|
DLF |
47 |
|
ICICI Lombard General Insurance Co |
15 |
Mid cap
On a consolidated basis in mid cap stocks, LIC Housing Finance, Alkem Laboratories, GFL Ltd, JSW Energy and Gruh Finance saw the highest buying during August.
Meanwhile, stocks of Reliance Nippon AMC, NBCC, PNB Housing Finance, Jindal Steel & Power and Adani Power were sold the most by AMCs.
|
Top 10 Buys in mid cap |
Rise in number of shares (lakhs) |
|
LIC Housing Finance |
185 |
|
Alkem Laboratories |
38 |
|
GFL |
15 |
|
JSW Energy |
67 |
|
Gruh Finance |
104 |
|
Godrej Properties |
9 |
|
Dish TV India |
94 |
|
Phoenix Mills |
9 |
|
The Federal Bank |
359 |
|
Bharat Heavy Electricals |
161 |
|
Top 10 sells in mid cap |
Fall in number of shares (lakhs) |
|
Reliance Nippon Life Asset Management |
118 |
|
NBCC (India) |
193 |
|
PNB Housing Finance |
20 |
|
Jindal Steel & Power |
122 |
|
Adani Power |
117 |
|
Apollo Hospitals Enterprise |
14 |
|
Glenmark Pharmaceuticals |
12 |
|
Bank Of India |
15 |
|
Muthoot Finance |
25 |
|
Endurance Technologies |
7 |
Small cap
In the small cap space, Mahanagar Gas, Delta Corp, Ceat, VMart and Lemon Tree Hotels witnessed highest buying.
Meanwhile, INIIT Technologies, Wonderla Holidays, Ujjivan Financial Services, Suprajit Engineering and BSE saw the highest selling, shows an ICICI Direct report.
|
Top 10 Buys in Smallcap |
Rise in number of shares (lakhs) |
|
Mahanagar Gas |
32 |
|
Delta Corp |
30 |
|
Ceat |
4 |
|
V-Mart Retail |
3 |
|
Lemon Tree Hotels |
233 |
|
Can Fin Homes |
9 |
|
DB Corp |
12 |
|
Birlasoft |
24 |
|
PVR |
7 |
|
Procter & Gamble Health |
1 |
|
Top 10 Sells in Smallcap |
Fall in number of shares (lakhs) |
|
NIIT Technologies |
57 |
|
Wonderla Holidays |
10 |
|
Ujjivan Financial Services |
28 |
|
Suprajit Engineering |
10 |
|
BSE |
4 |
|
Blue Dart Express |
1 |
|
Nocil |
6 |
|
Just Dial |
6 |
|
Redington (India) |
57 |
|
Godfrey Phillips India |
1 |
Source: ACE MF, ICICI Direct Research
Note: Large caps, mid-caps and small caps as defined by AMFI. Stocks above Rs.50 crore holding were considered.
