1 / 9India’s Mutual Funds in the month of July, pumped in over ₹45,000 crore into Indian equities, in a month where foreign institutions dumped stock worth over ₹38,200 crore. The SIPs flows continuing to make new records resulted in cash and cash equivalents for these fund houses increasing to ₹1.85 lakh crore from ₹1.82 lakh crore in June. Cash levels increased to 5.46% from 5.34%. Here’s a look at the major buying and selling by these fund houses last month, according to Nuvama Alternative & Quantitative Research:
2 / 9SBI MF | India’s largest fund house by size bought shares of State Bank of India (₹2,322 crore), Oberoi Realty (₹930 crore) and Tata Steel (₹701 crore) in July. On the flip side, it sold shares of Sun Pharma (₹863 crore), Muthoot Finance (₹709 crore) and HDFC AMC (₹336 crore). It bought fresh stake in the IPOs of Anthem Bio and NSDL, while making a complete exit from Raymond Realty.
3 / 9HDFC MF | Among its largest additions in July also included State Bank of India (₹1,510 crore), Balkrishna Industries (₹918 crore) and HCLTech (₹894 crore). It sold shares of Solar Industries (₹1,163 crore), L&T (₹601 crore) and MCX (₹488 crore). Similar to SBI MF, HDFC MF also bought stake in the IPOs of Anthem Bio and NSDL, while making a complete exit from Epigral.
4 / 9Kotak MF | The fund house’s prominent buys in July included Reliance Industries (₹1,209 crore), HCLTech (₹877 crore) and Cholamandalam Investment (₹777 crore). Prominent reductions included Bharti Airtel (₹519 crore), Varun Beverages (₹487 crore) and Kajaria Ceramics (₹475 crore). Anthem Bio and Travel Food Services were new entrants, while GPT Healthcare was a complete exit.
5 / 9ICICI Prudential MF | Largecap bets for this fund house included Reliance Industries (₹3,542 crore), Infosys (₹2,783 crore) and Axis Bank (₹2,249 crore). It sold stake in InterGlobe Aviation (₹1,498 crore), Eternal (₹810 crore) and Cummins India (₹710 crore). Travel Food Services and Anthem Bio were new entrants, while Unichem Labs was a complete exit for this fund house.
6 / 9Aditya Birla Sun Life MF | Another fund house that has bet big on India’s largest lender, State Bank of India (₹883 crore), along with Varun Beverages (₹281 crore) and HDB Financial (₹263 crore). HPCL (₹463 crore), Biocon (₹261 crore) and InterGlobe Aviation (₹198 crore) featured among the prominent reductions. Anthem Bio and Indiqube were new entrants, while Welspun Living was a complete exit.
7 / 9Axis MF | The fund house bet big on Infosys (₹645 crore), CG Power (₹432 crore) and Eternal (₹375 crore). Prominent reductions here included Cipla (₹409 crore), TCS (₹402 crore), and Persistent Systems (₹336 crore). Anthem Bio and Travel Food Services were new entrants, while Raymond Realty was a complete exit.
8 / 9Franklin Templeton MF | State Bank of India (₹552 crore) featured among the largest buys of this fund house as well. Other prominent buys here include HDB Financial (₹425 crore) and RBL Bank (₹325 crore). Exposure was reduced in ICICI Bank (₹262 crore), Reliance Industries (₹189 crore) and HDFC Bank (₹152 crore). Procter & Gamble Hygiene and Brigade Hotels were new entrants, while Blue Star was a complete exit.
9 / 9DSP MF | Lastly, the fund house bought stake in stocks like Infosys (₹171 crore), State Bank of India (₹163 crore) and BPCL (₹159 crore), while reducing their exposure to AU Small Finance Bank (₹133 crore), Nippon Life India AMC (₹113 crore) and HCLTech (₹96 crore). Aditya Infotech and Jamna Auto were new entrants, while Hindustan Copper was a complete exit.
