Bandhan Bank, Marico and DLF were the top three buys of mutual funds in the largecap space in August 2021. With this buying, mutual fund investment in Bandhan Bank surged from Rs.877 crore in July to Rs. 1201 crore in August. Similarly in Marico, the value of stocks owned by MFs rose to Rs 1713 crore from Rs 1263 crore, shows the data released by MF distributor ICICI Direct.
Top largecap sells of mutual funds include SAIL, Piramal Enterprises and Dabur. The investment in SAIL came down to Rs 1962 crore from Rs 2987 crore in July. Yes Bank, Indus Towers and Havells India were the other stocks which witnessed heightened selling.
In midcaps, Bank of India, Canara Bank and Aavas Financiers topped the charts in terms of buying. Mutual funds' investment in Bank of India almost tripled to Rs 238 crore from Rs 86 crore in July. In Canara Bank, the stake went up from Rs 606 crore to Rs 876 crore.
Vodafone Idea, GMR Infra and Amara Raja Batteries were the top sells in midcap space. With the latest round of selling, the value of MF investment in Vodafone Idea has come down to just Rs 80 crore in August.
In smallcap space, Indiabulls Housing Finance, Indiabulls Real Estate and Anupam Rasayan India were the top buys. Jubilant Ingrevia, Sadbhav Infra and Easy Trip Planners were the top sells.
