Indian equities rallied in October with the BSE SENSEX gaining around 4% during the month. The MF industry, meanwhile, witnessed a decline in equity inflows for the second consecutive month. Total equity inflows fell by 8.8% to Rs 6,026 crore in October from Rs 6,609 crore in September.
To understand how MFs are dealing with these flows amid this rally in the market, take a look what went in and went out last month.
Large cap
In the large cap space, financial stocks were among the most sough-after ones. Of the top 10 large cap buys, six were from the financial sector. These six companies are ICICI Lombard General Insurance Co, HDFC Life Insurance Co, L&T Finance Holdings, Bajaj Finserv, HDFC AMC and Indiabulls Housing Finance, according to an ICICI Direct report.
Meanwhile, stocks of Zee Entertainment Enterprises, Yes Bank, NMDC, Berger Paints India and JSW Steel saw the highest selling among fund houses, finds the report.
|
Top 10 Buys in large cap |
Shares in lakh |
|
|
|
Oct |
Sep |
Increase in number of shares |
|
|
ICICI Lombard General Insurance Co |
501 |
379 |
122 |
|
Cipla |
1192 |
1079 |
113 |
|
HDFC Life Insurance Co |
716 |
655 |
61 |
|
Bharti Infratel |
227 |
172 |
55 |
|
L&T Finance Holdings |
318 |
288 |
30 |
|
United Breweries |
154 |
129 |
25 |
|
Ultratech Cement |
163 |
146 |
17 |
|
Bajaj Finserv |
64 |
57 |
7 |
|
HDFC AMC |
22 |
19 |
3 |
|
Indiabulls Housing Finance |
19 |
17 |
2 |
|
Top 10 sells in large cap |
Shares in lakh |
|
|
|
Oct |
Sep |
Decline in number of shares |
|
|
Zee Entertainment Enterprises |
455 |
668 |
213 |
|
Yes Bank |
2063 |
2187 |
124 |
|
NMDC |
412 |
481 |
69 |
|
Berger Paints India |
170 |
204 |
34 |
|
JSW Steel |
576 |
607 |
31 |
|
Siemens |
176 |
200 |
24 |
|
Pidilite Industries |
206 |
228 |
22 |
|
United Spirits |
355 |
376 |
21 |
|
Godrej Consumer Products |
94 |
113 |
19 |
|
The New India Assurance Co. |
72 |
76 |
4 |
Mid cap
In mid cap stocks, The Federal Bank, Tata Power Company, NBCC (India), Jindal Steel & Power and Adani Enterprises saw the highest buying during October.
Meanwhile, stocks of GMR Infrastructure, Adani Power, RBL Bank, Castrol India and Sterlite Technologies were sold the most by AMCs.
|
Top 10 buys in midcap |
Shares in lakh |
|
|
|
Oct |
Sep |
Increase in number of shares |
|
|
The Federal Bank |
5152 |
4709 |
443 |
|
Tata Power Company |
3078 |
2857 |
221 |
|
NBCC (India) |
918 |
774 |
144 |
|
Jindal Steel & Power |
777 |
687 |
90 |
|
Adani Enterprises |
217 |
194 |
23 |
|
Escorts |
73 |
59 |
14 |
|
Godrej Industries |
13 |
3 |
10 |
|
Motilal Oswal Financial Services |
32 |
24 |
8 |
|
Godrej Properties |
91 |
84 |
7 |
|
3M India |
4 |
4 |
0 |
|
Top 10 sells in midcap |
Shares in lakh |
|
|
|
Oct |
Sep |
Decline in number of shares |
|
|
GMR Infrastructure |
519 |
728 |
209 |
|
Adani Power |
502 |
631 |
129 |
|
RBL Bank |
795 |
890 |
95 |
|
Castrol India |
392 |
445 |
53 |
|
Sterlite Technologies |
203 |
222 |
19 |
|
Edelweiss Financial Services |
221 |
237 |
16 |
|
Glenmark Pharmaceuticals |
113 |
121 |
8 |
|
Shriram Transport Finance Company |
90 |
97 |
7 |
|
PNB Housing Finance |
80 |
86 |
6 |
|
CRISIL |
7 |
8 |
1 |
Small cap
In the small cap space, Bajaj Consumer Care, Fortis Healthcare, J Kumar Infraproject, PVR and CreditAccess Grameen witnessed highest buying.
Meanwhile, The South Indian Bank, The India Cements, NIIT, The Karnataka Bank and Rites saw the highest selling, shows the report.
|
Top 10 Buys in small cap |
Shares in lakh |
|
|
|
Oct |
Sep |
Increase in number of shares |
|
|
Bajaj Consumer Care |
304 |
125 |
179 |
|
Fortis Healthcare |
407 |
279 |
128 |
|
J Kumar Infraproject |
70 |
45 |
25 |
|
PVR |
73 |
52 |
21 |
|
CreditAccess Grameen |
76 |
58 |
18 |
|
Can Fin Homes |
67 |
51 |
16 |
|
CCL Products (India) |
53 |
42 |
11 |
|
Unichem Laboratories |
60 |
51 |
9 |
|
Avanti Feeds |
30 |
23 |
7 |
|
Blue Dart Express |
4 |
4 |
0 |
|
Top 10 sells in smallcap |
Shares in lakh |
|
|
|
Oct |
Sep |
Decline in number of shares |
|
|
The South Indian Bank |
751 |
885 |
134 |
|
The India Cements |
388 |
455 |
67 |
|
NIIT |
255 |
286 |
31 |
|
The Karnataka Bank |
124 |
141 |
17 |
|
Rites |
61 |
75 |
14 |
|
Asahi India Glass |
28 |
40 |
12 |
|
Mahanagar Gas |
89 |
100 |
11 |
|
Zensar Technologies |
35 |
45 |
10 |
|
Ramkrishna Forgings |
36 |
42 |
6 |
|
Ircon International |
13 |
15 |
2 |
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.
