In January, the MF industry witnessed a staggering 75% increase in equity net inflows that grew to Rs 7,877 crore from Rs 4,500 crore in December. Amid expectations of a broad-based recovery in the market, mid cap and small cap categories saw considerable inflows.
In January, net inflows in mid-cap schemes rose by 126% to Rs 1,798 crore from Rs 796 crore in December. Small cap funds also emerged to be one of the sought after categories with net inflows of Rs 1,072 crore in January compared to Rs 421 crore in December.
To understand how MFs are dealing with these flows in the current market scenario, look at what went in and went out last month.
Large cap
Bharti Airtel, Power Grid Corporation of India and NMDC were among the top buys. Meanwhile, Indian Oil Corporation, Power Finance Corporation and Reliance Industries were among the top sells, shows an ICICI Direct report.
|
Top 10 Buys in large cap |
Shares in lakh |
Increase in number of shares |
|
|
Jan |
Dec |
||
|
Bharti Airtel |
5522 |
4772 |
750 |
|
Power Grid Corporation Of India |
4459 |
3769 |
690 |
|
NMDC |
596 |
460 |
136 |
|
Ambuja Cements |
1174 |
1089 |
85 |
|
United Spirits |
456 |
388 |
68 |
|
Biocon |
498 |
455 |
43 |
|
Havells India |
167 |
128 |
39 |
|
United Breweries |
212 |
185 |
27 |
|
Piramal Enterprises |
16 |
8 |
8 |
|
Bajaj Holdings & Investment |
16 |
15 |
1 |
|
Top 10 sells in large cap |
Shares in lakh |
Decrease in number of shares |
|
|
Jan |
Dec |
||
|
Indian Oil Corporation |
5269 |
6104 |
835 |
|
Power Finance Corporation |
3425 |
3682 |
257 |
|
Reliance Industries |
3052 |
3268 |
216 |
|
Zee Entertainment Enterprises |
361 |
481 |
120 |
|
Marico |
446 |
504 |
58 |
|
DLF |
306 |
351 |
45 |
|
Kansai Nerolac Paints |
392 |
425 |
33 |
|
Torrent Pharmaceuticals |
147 |
160 |
13 |
|
Hero MotoCorp |
139 |
149 |
10 |
|
Reddys Laboratories |
146 |
155 |
9 |
Mid cap
Fortis Healthcare, Cholamandalam Investment & Finance and Mangalore Refinery & Petrochemicals were among the top buys, while Bharat Heavy Electricals, Ujjivan Small Finance Bank and L&T Finance Holdings were among the top sells, shows the report.
|
Top 10 Buys in mid cap |
Shares in lakh |
Increase in number of shares |
|
|
Jan |
Dec |
||
|
Fortis Healthcare |
504 |
377 |
127 |
|
Cholamandalam Investment & Finance |
1567 |
1449 |
118 |
|
Mangalore Refinery & Petrochemicals |
467 |
367 |
100 |
|
Jindal Steel & Power |
902 |
815 |
87 |
|
Syngene International |
304 |
280 |
24 |
|
Glenmark Pharmaceuticals |
132 |
115 |
17 |
|
Glaxosmithkline Pharmaceuticals |
77 |
67 |
10 |
|
Motilal Oswal Financial Services |
51 |
46 |
5 |
|
Indiabulls Housing Finance |
21 |
18 |
3 |
|
Page Industries |
9 |
8 |
1 |
|
Top 10 Sells in mid cap |
Shares in lakh |
Decrease in number of shares |
|
|
Jan |
Dec |
||
|
Bharat Heavy Electricals |
2092 |
2473 |
381 |
|
Ujjivan Small Finance Bank |
134 |
298 |
164 |
|
L&T Finance Holdings |
113 |
159 |
46 |
|
Oil India |
429 |
454 |
25 |
|
Aavas Financiers |
35 |
42 |
7 |
|
Ajanta Pharma |
83 |
90 |
7 |
|
Dalmia Bharat |
71 |
77 |
6 |
|
Shriram Transport Finance Company |
51 |
55 |
4 |
|
NIIT Technologies |
40 |
43 |
3 |
|
Polycab India |
41 |
44 |
3 |
Small cap
Sadbhav Infrastructure Project, Narayana Hrudayalaya and La Opala RG were the most sought after stocks in January. Meanwhile, stocks of NBCC (India), The Jammu & Kashmir Bank and Shoppers Stop witnessed the highest selling.
|
Top 10 Buys in small cap |
Shares in lakh |
Increase in number of shares |
|
|
Jan |
Dec |
||
|
Sadbhav Infrastructure Project |
300 |
200 |
100 |
|
Narayana Hrudayalaya |
209 |
119 |
90 |
|
La Opala RG |
149 |
93 |
56 |
|
KEI Industries |
169 |
122 |
47 |
|
Suven Life Sciences |
52 |
26 |
26 |
|
CCL Products (India) |
76 |
51 |
25 |
|
Prince Pipes & Fittings |
107 |
82 |
25 |
|
Care Ratings |
40 |
26 |
14 |
|
Blue Dart Express |
6 |
4 |
2 |
|
VST Tillers Tractors |
10 |
8 |
2 |
|
Top 10 Sells in small cap |
Shares in lakh |
Decrease in number of shares |
|
|
Jan |
Dec |
||
|
NBCC (India) |
657 |
822 |
165 |
|
The Jammu & Kashmir Bank |
225 |
255 |
30 |
|
Shoppers Stop |
134 |
153 |
19 |
|
Laurus Labs |
44 |
53 |
9 |
|
Greaves Cotton |
55 |
64 |
9 |
|
VA Tech Wabag |
26 |
34 |
8 |
|
Dollar Industries |
39 |
45 |
6 |
|
Khadim India |
37 |
42 |
5 |
|
BASF India |
9 |
11 |
2 |
|
Indiamart Intermesh |
5 |
5 |
0 |
