Mutual funds, MFs, bought auto ancillary stocks Exide Industries and telecom player Idea Cellular extensively, while diluted exposure to sugar stock Balrampur Chini. Power, construction, auto ancillary stocks dominated the top 50-buy list, while selling was seen in metal, banking, auto, sugar and telecom sectors. There was a mixed trend in engineering & capital goods and media sectors. Stocks were re-aligned in the capital goods and FMCG sectors. In terms of value, HDFC, L&T, Hero Honda Motors were the top purchases by MFs, while SBI, BHEL and Maruti Suzuki topped the sell list.
A study of the top ten mutual funds' equity portfolios as on February 28, which are Reliance, HDFC, Prudential ICICI, UTI, Templeton, Birla SunLife, Tata, Kotak, SBI and DSP reveals that four out of the ten funds bought Exide Industries. HDFC MF was the top buyer of the stock with over 96 lakh shares bought. ICICI Prudential, Franklin and Kotak were other funds who bought the stock while Tata and Birla SunLife MF sold some shares.
A study of the top ten mutual funds' equity portfolios as on February 28, which are Reliance, HDFC, Prudential ICICI, UTI, Templeton, Birla SunLife, Tata, Kotak, SBI and DSP reveals that four out of the ten funds bought Exide Industries. HDFC MF was the top buyer of the stock with over 96 lakh shares bought. ICICI Prudential, Franklin and Kotak were other funds who bought the stock while Tata and Birla SunLife MF sold some shares.
Apart from Exide Industries in the auto ancillary space, funds have bought Apollo Tyres, Motherson Sumi Systems, Amara Raja Batteries and Amtek India.
Idea Cellular was bought by Franklin, UTI, SBI, Reliance, Kotak, HDFC and DSP ML MF with the top buyer being DSP ML MF which bought over 55 lakh shares of the stock. Among other telecom majors, Reliance Communication, Bharti Airtel, MTNL, Tata Teleservices (Maharashtra) and Tata Communication were sold.
Construction stock Noida Toll Bridge, the third top bought stock, was purchased by HDFC MF with over 83 lakh shares. In the cement and construction space, IRB Infrastructure, Nagarjuna Construction, India Cements were in the buy list while IVRCL Infrastructure was in the selling list.
Balrampur Chini was sold extensively by Reliance MF, while UTI and DSP ML MFs were the other two top sellers. Among other sugar stocks, Shree Renuka Sugars figured in MF's top sell list, while Triveni Engineering was among the top buys.
Fund houses sold metal and banking stocks. In the metal space, they sold Sterlite Industries, SAIL, Hindalco while bought Tata Steel. Reliance and ICICI Prudential MFs sold shares of Sterlite Industries in huge quantities; ICICI Prudential MF was the top seller of the stock with over 21 lakh shares sold. Reliance Industries was the top seller of SAIL with over 31 lakh shares sold. However, six out of top ten funds bought Tata Steel. In that, Reliance, Pre ICICI and Birla MF were top three buyers with over 7 lakh, 5 lakh and 6 lakh shares bought.
Idea Cellular was bought by Franklin, UTI, SBI, Reliance, Kotak, HDFC and DSP ML MF with the top buyer being DSP ML MF which bought over 55 lakh shares of the stock. Among other telecom majors, Reliance Communication, Bharti Airtel, MTNL, Tata Teleservices (Maharashtra) and Tata Communication were sold.
Construction stock Noida Toll Bridge, the third top bought stock, was purchased by HDFC MF with over 83 lakh shares. In the cement and construction space, IRB Infrastructure, Nagarjuna Construction, India Cements were in the buy list while IVRCL Infrastructure was in the selling list.
Balrampur Chini was sold extensively by Reliance MF, while UTI and DSP ML MFs were the other two top sellers. Among other sugar stocks, Shree Renuka Sugars figured in MF's top sell list, while Triveni Engineering was among the top buys.
Fund houses sold metal and banking stocks. In the metal space, they sold Sterlite Industries, SAIL, Hindalco while bought Tata Steel. Reliance and ICICI Prudential MFs sold shares of Sterlite Industries in huge quantities; ICICI Prudential MF was the top seller of the stock with over 21 lakh shares sold. Reliance Industries was the top seller of SAIL with over 31 lakh shares sold. However, six out of top ten funds bought Tata Steel. In that, Reliance, Pre ICICI and Birla MF were top three buyers with over 7 lakh, 5 lakh and 6 lakh shares bought.
HDFC was the top value buy stock. Funds bought over 9.9 lakh shares worth Rs 127 crore. ICICI Prudential, UTI and Franklin funds were top three buyers in the stock. Meanwhile, nine out of top ten funds sold shares of SBI. ICICI Pru, Franklin and UTI MF were top sellers with over 26 lakh shares sold, while HDFC MF was the only buyer which bought over 10 lakh shares. Among other banking stocks, ICICI Bank, Yes Bank, South Indian Bank, Dena Bank, Bank of India and HDFC Bank too figured in the top 50 sells. Largest private sector bank ICICI Bank was sold by seven out of the top 10 funds with DSP ML MF being the top seller as it sold over 11 lakh shares of the stock.In the power space, funds purchased Rural Electrification Corporation, GVK Power & Infrastructure, Gujarat Industries Power and Suzlon Energy while reduced exposure to Power Grid Corporation.
Funds slashed their investment in auto space, wherein they sold Maruti Suzuki, Tata Motors, Swaraj Mazda while they bought Ashok Leyland.
In the oil & gas space, GAIL India, HPCL and Reliance Petroleum were top bought stocks while Cairn India was top sell stock.
There were no stocks from the IT space in the top 50-buy & sell list barring Mphasis, which was the only bought stock.
Funds have bought Biocon, Ranbaxy Labs and Suven Life Sciences in the month of February while sold Sun Advanced Research. These stocks were in the top 50 list.
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