1 / 8Equity Mutual Funds deployed ₹400 crore from their cash balance in the month of September, but the overall cash levels remain at ₹1.76 lakh crore. Here’s what India’s top mutual funds bought and sold in the month of September, as per Nuvama Alternative & Quantitative Research:
2 / 8SBI MF | India’s largest fund house by assets doubled down on its bets on Adani Power (₹2,327 crore), Interglobe Aviation (₹1,728 crore) and Max Healthcare Institute (₹1,291 crore). It featured as a prominent buyer in the block deals that took place in the first two names. SBI MF trimmed down on its holdings in Hero MotoCorp (₹1,234 crore), HDFC Bank (₹1,086 crore) and Axis Bank (₹1,037 crore). Fresh positions were taken in Kingfa Science and Urban Company last month, while the fund house made a complete exit from Tega Industries.
3 / 8HDFC MF | The fund house increased its positions in ICICI Bank (₹1,425 crore), Kotak Mahindra Bank (₹788 crore) and Alkem Laboratories (₹735 crore). Prominent reduction in positions included M&M (₹337 crore), Tata Motors (₹316 crore) and Infosys (₹295 crore). Saatvik Green and Atlanta Electricals were new entrants, while the fund made a complete exit from Bajel Projects.
4 / 8Kotak MF | Positions were increased by the fund in Dalmia Bharat (₹1,301 crore), Mahindra & Mahindra (₹671 crore) and Aptus Value Housing Finance (₹570 crore). Prominent reductions included Bajaj Finance (₹671 crore), Amber Enterprises (₹518 crore) and Infosys (₹478 crore). Piramal Finance and Anand Rathi Share were new entrants, while a complete exit was made from KNR Constructions.
5 / 8ICICI Prudential MF | The fund house increased its positions in Titan (₹2,253 crore), Infosys (₹1,810 crore), and Kotak Mahindra Bank (₹1,409 crore). Positions were reduced significantly in Maruti Suzuki (₹3,350 crore), State Bank of India (₹954 crore) and Larsen & Toubro (₹854 crore). Aditya Vision and Blue Jet Healthcare were fresh bets from the fund, while a complete exit was made from Karnataka Bank.
6 / 8Axis MF | The fund house took new bets in Aditya Vision and Jain Resource Recycling. It also made a complete exit from MTAR Tech. Increase to positions were made in Eicher Motors (₹386 crore), Eternal (₹331 crore) and Cohance Lifesciences (₹322 crore). Positions were cut down in Tata Group stocks, TCS (₹462 crore) and Trent (₹265 crore), along with Max Healthcare (₹235 crore).
7 / 8DSP MF | Additions to positions were seen in Infosys (₹362 crore), Cohance Lifesciences (₹348 crore), and Mahindra & Mahindra (₹307 crore), while positions were cut down in HCLTech (₹302 crore), Hatsun Agro (₹161 crore) and Escorts Kubota (₹124 crore). It took fresh bets in Seshaasai Tech and Delhivery, while completely exiting AWL Agri Business.
8 / 8Franklin Templeton MF | The fund house bet on Hero MotoCorp (₹252 crore), Britannia (₹152 crore) and Tata Steel (₹141 crore), while cutting down on bets in Tata Motors (₹230 crore), Hyundai Motor India (₹152 crore) and Eternal (₹151 crore). Britannia and Shankara Building Products is where the fund took fresh bets, while it exited from Tega Industries.
