Indian equity markets rallied in November with the BSE Sensex and Nifty 50 jumping by more than 1.5% each. The MF industry, meanwhile, witnessed a decline in equity inflows for the third consecutive month. Total equity inflows slumped by 78% to Rs 1,311 crore in November from Rs 6,026 crore in October.
To understand how MFs are dealing with these flows in the current market scenario, take a look what went in and went out last month.
Large cap
Large cap financial sector stocks have fallen out of favour with mutual funds.
Unlike October, financial services industry were in the selling list of AMCs. While 7 large cap companies in the financial services industry featured among the top 10 sold stocks, these stocks were on the top buys in October, shows an ICICI Direct report.
|
Top 10 Buys in large cap |
Shares in lakh |
Increase in number of shares |
|
|
Nov |
Oct |
||
|
Adani Ports and Special Economic Zone |
658 |
513 |
145 |
|
NMDC |
481 |
412 |
69 |
|
Bajaj Finance |
460 |
406 |
54 |
|
Container Corporation Of India |
489 |
444 |
45 |
|
Bharti Infratel |
254 |
227 |
27 |
|
United Breweries |
173 |
154 |
19 |
|
Maruti Suzuki India |
168 |
149 |
19 |
|
Hindustan Zinc |
185 |
166 |
19 |
|
Godrej Consumer Products |
104 |
94 |
10 |
|
Shree Cement |
27 |
22 |
5 |
|
Top 10 sells in large cap |
Shares in lakh |
Decrease in number of shares |
|
|
Nov |
Oct |
||
|
Yes Bank |
1744 |
2063 |
319 |
|
DLF |
324 |
607 |
283 |
|
ICICI Prudential Life Insurance Company |
739 |
869 |
130 |
|
L&T Finance Holdings |
231 |
318 |
87 |
|
IndusInd Bank |
643 |
729 |
86 |
|
Berger Paints India |
106 |
170 |
64 |
|
SBI Life Insurance Company |
502 |
556 |
54 |
|
Siemens |
137 |
176 |
39 |
|
HDFC AMC |
6 |
22 |
16 |
|
Indiabulls Ventures |
1 |
1 |
0 |
Mid cap
In mid cap stocks, GMR Infrastructure, SJVN, Jindal Steel & Power, Aditya Birla Capital and Balkrishna Industries saw the highest buying during November.
Meanwhile, stocks of Dish TV India, Castrol India, Adani Power, Oil India and Future Retail were sold the most by fund houses.
|
Top 10 Buys in mid cap |
Shares in lakh |
Increase in number of shares |
|
|
Nov |
Oct |
||
|
GMR Infrastructure |
840 |
519 |
321 |
|
SJVN |
1362 |
1211 |
151 |
|
Jindal Steel & Power |
874 |
777 |
97 |
|
Aditya Birla Capital |
367 |
317 |
50 |
|
Balkrishna Industries |
336 |
306 |
30 |
|
Hatsun Agro Products |
87 |
60 |
27 |
|
Godrej Properties |
105 |
91 |
14 |
|
Motilal Oswal Financial Services |
37 |
32 |
5 |
|
Mindtree |
63 |
58 |
5 |
|
CRISIL |
9 |
7 |
2 |
|
Top 10 sells in mid cap |
Shares in lakh |
Decrease in number of shares |
|
|
Nov |
Oct |
||
|
Dish TV India |
623 |
830 |
207 |
|
Castrol India |
344 |
392 |
48 |
|
Adani Power |
465 |
502 |
37 |
|
Oil India |
474 |
510 |
36 |
|
Future Retail |
313 |
345 |
32 |
|
Eris Lifesciences |
149 |
173 |
24 |
|
Century Textiles & Industries |
149 |
165 |
16 |
|
Info Edge (India) |
138 |
152 |
14 |
|
Shriram Transport Finance Company |
80 |
90 |
10 |
|
Glenmark Pharmaceuticals |
103 |
113 |
10 |
Small cap
In the small cap space, Jyothy Lab, Kajaria Ceramics, Rites, Narayana Hrudayalaya and FDC were the most sought after stocks in November.
Meanwhile, stocks of Hindustan Construction Company, NCC, Lemon Tree Hotels, Jamna Auto Industries and Greaves Cotton witnessed the highest selling.
|
Top 10 Buys in small cap |
Shares in lakh |
Increase in number of shares |
|
|
Nov |
Oct |
||
|
Jyothy Labs |
419 |
312 |
107 |
|
Kajaria Ceramics |
188 |
164 |
24 |
|
Rites |
81 |
61 |
20 |
|
Narayana Hrudayalaya |
101 |
84 |
17 |
|
FDC |
105 |
91 |
14 |
|
J Kumar Infraprojec |
80 |
70 |
10 |
|
Dalmia Bharat |
73 |
64 |
9 |
|
Just Dial |
67 |
59 |
8 |
|
Zydus Wellness |
19 |
16 |
3 |
|
Tata Elxsi |
7 |
6 |
1 |
|
Top 10 sells in small cap |
Shares in lakh |
Decrease in number of shares |
|
|
Nov |
Oct |
||
|
Hindustan Construction Company |
890 |
1163 |
273 |
|
NCC |
1348 |
1540 |
192 |
|
Lemon Tree Hotels |
1355 |
1495 |
140 |
|
Jamna Auto Industries |
237 |
289 |
52 |
|
Greaves Cotton |
64 |
99 |
35 |
|
Future Lifestyle Fashions |
99 |
110 |
11 |
|
Prestige Estate Projects |
100 |
111 |
11 |
|
Aavas Financiers |
42 |
52 |
10 |
|
Minda Corporation |
62 |
70 |
8 |
|
VST Industries |
23 |
26 |
3 |
