In June, mutual funds bought stocks worth Rs 282 billion in the Indian secondary market. Mutual funds always add or exit certain stocks in their portfolio to offer better returns. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in June, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.
The key additions by mutual funds were Indus Tower, HDFC Bank, Mphasis. Meanwhile, the MFs reduced their stake from ICICI Bank, Hindalco, and Bharat Electronics.
The new entry in the largecap segment was Hindustan Zinc. Mutual funds made a complete exit from Adani Green. The top additions in the largecap space were HDFC Bank, Infosys, Reliance Industries, ICICI Lombard, and Dr Reddy Laboratories while the top reductions were Hindustan Aeronautics, Bharat Electronics, Tata Motors, State Bank of India, and Sun Pharma Industries.
Mutual funds’ top additions in the largecap segment for three consecutive months were Reliance Industries, HDFC Bank, Infosys, Life Insurance Corporation, and Hindustan Unilever. On the other hand, the key reductions in the same segment were Hindustan Aeronautics, Avenue Supermarts, Bharat Electronics, A B B, and LTIMindtree.
In the midcap segment, the key buying was seen in Mphasis, Indus Tower, and ZF Commercial Vehicles while the selling was seen in Cummins India, BHEL, Indian Hotels, Persistent System, and Hero MotoCorp.
The key additions for three consecutive months in midcap segment were KEI Industries, AIA Engineering, Jubilant Foodworks, M&M Finance, and Lloyds Metals whereas reductions were from GE T&D India, Coforge, SKF India, Carborundum Universal, and CRISIL.In the smallcap space, significant buying was observed in Aster DM Health, Sharda Motors, Craftsman Auto while the highest selling was observed in Crompton Greaves, Bharat Dynamics, and Heritage Foods.The top new entries in smallcap segment were Sharda Motors, Stanley Lifestyle, Allies Blenders, Le Travenues, and Dee Development whereas complete exit was made from Paras Defence, BEML Land Assets, NMDC Steel, Oriental Aromatics, and 5Paisa Capital.
Around five smallcap stocks were added for three consecutive months which included Varroc Engineering, Safari Industries, Texmaco Rail, Zen Technologies and Arvind while the key reduction was made from SFL Industries, Eureka Forbes, Mahindra Life, Mahindra Holiday and Star Cement.