The last two months were a little worrisome for the industry as it witnessed outflows in both equity and debt funds. The need for cash and profit booking were common reasons for redemption by investors.
Let us look at how mutual funds dealt with outflows and the changes they made to their portfolio:
Large cap
In the large cap segment, banks and information technology stocks were among the top picks. Bandhan Bank, Axis Bank, Wipro, and DLF witnessed highest buying during August 2020.
Large cap stocks, which saw selling by AMCs, were Vedanta, Tata Consumer Products, Marico and Grasim Industries.
|
Top 10 buys in Large cap |
Shares in Lakh |
|
|
|
|
Aug |
Jul |
Increase in number of shares |
|
Bandhan Bank |
748 |
270 |
478 |
|
DLF |
366 |
303 |
63 |
|
Piramal Enterprises |
18 |
15 |
3 |
|
Wipro |
1332 |
1181 |
151 |
|
Info Edge (India) |
138 |
124 |
14 |
|
Pidilite Industries |
223 |
202 |
21 |
|
SBI Cards And Payment Services |
285 |
262 |
23 |
|
Bosch |
5 |
4 |
1 |
|
Axis Bank |
5744 |
5337 |
407 |
|
Dr Reddys Laboratories |
187 |
176 |
11 |
|
|
|
|
|
|
Top 10 sells in Large cap |
Shares in Lakh |
|
|
|
|
Aug |
Jul |
Decrease in number of shares |
|
Marico |
343 |
407 |
64 |
|
Havells India |
153 |
178 |
25 |
|
Vedanta |
3247 |
3737 |
490 |
|
Tata Consumer Products |
1026 |
1176 |
150 |
|
Siemens |
75 |
85 |
10 |
|
General Insurance Corp of India |
102 |
113 |
11 |
|
HDFC AMC |
41 |
45 |
4 |
|
Hindustan Zinc |
128 |
140 |
12 |
|
Grasim Industries |
481 |
523 |
42 |
|
Colgate-Palmolive (India) |
124 |
134 |
10 |
Mid cap
In midcaps, stocks like Mahindra & Mahindra Financial Services, Ashok Leyland, Phoenix Mills, Zee Entertainment and Hindustan Aeronautics witnessed good buying by AMCs.
Meanwhile, Vodafone Idea, GMR Infrastructure, Mannappuram Finance and Future Retail were among the top sells last month.
|
Top 10 buys in Mid cap |
Shares in Lakh |
|
|
|
|
Aug |
Jul |
Increase in number of shares |
|
Hindustan Aeronautics |
103 |
18 |
85 |
|
Mahindra&Mahindra Financial Services |
1132 |
502 |
630 |
|
Alembic Pharmaceuticals |
122 |
80 |
42 |
|
Phoenix Mills |
250 |
164 |
86 |
|
Shriram Transport Finance Company |
51 |
36 |
15 |
|
Zee Entertainment Enterprises |
430 |
348 |
82 |
|
Minda Industries |
240 |
213 |
27 |
|
Oracle Financial Services Software |
35 |
31 |
4 |
|
Prestige Estate Projects |
92 |
85 |
7 |
|
Ashok Leyland |
3042 |
2821 |
221 |
|
|
|
|
|
|
Top 10 sells in Mid cap |
Shares in Lakh |
|
|
|
|
Aug |
Jul |
Decrease in number of shares |
|
GMR infrastructure |
268 |
450 |
182 |
|
Vodafone Idea |
2687 |
4205 |
1518 |
|
Future Retail |
80 |
122 |
42 |
|
Adani Enterprises |
97 |
109 |
12 |
|
Mannappuram Finance |
637 |
711 |
74 |
|
Bata India |
169 |
187 |
18 |
|
Amara Raja Batteries |
155 |
169 |
14 |
|
Jubilant Food Works |
145 |
156 |
11 |
|
ICICI Securities |
260 |
278 |
18 |
Small Cap
In the small cap space, stocks like KPIT Technologies, CCL Products, and Rain Industries witnessed highest buying.
Meanwhile, small cap stocks, which saw selling by AMCs, were Mangalore Refinery & Petrochemicals, NIIT, and Somany Home Innovation.
|
Top 10 buys in Small cap |
Shares in Lakh |
|
|
|
|
Aug |
Jul |
Increase in number of shares |
|
Matrimony com |
8 |
2 |
6 |
|
Rain Industries |
64 |
40 |
24 |
|
Sudarshan Chemical Industries |
26 |
17 |
9 |
|
Nocil |
41 |
29 |
12 |
|
Ceat |
42 |
30 |
12 |
|
Avanti Feeds |
48 |
37 |
11 |
|
Gujarat Narmada Valley Fertilizers & Chemicals |
61 |
50 |
11 |
|
KPIT Technologies |
348 |
297 |
51 |
|
CCL Products (India) |
163 |
139 |
24 |
|
Mayur Uniquoters |
15 |
13 |
2 |
|
|
|
|
|
|
Top 10 sells in Small cap |
Shares in Lakh |
|
|
|
|
Aug |
Jul |
Decrease in number of shares |
|
Aarti Drugs |
7 |
10 |
3 |
|
NIIT |
119 |
162 |
43 |
|
Somany Home Innovation |
82 |
109 |
27 |
|
Intellect Design Arena |
48 |
61 |
13 |
|
Mangalore Refinery & Petrochemicals |
303 |
379 |
76 |
|
Polyplex Corporation |
14 |
18 |
4 |
|
Future Supply Chain Solutions |
25 |
30 |
5 |
|
GMM Pfaudler |
2 |
3 |
1 |
|
Chennai Petroleum Corporation |
81 |
97 |
16 |
|
Srikalahasthi Pipes |
38 |
45 |
7 |
