Consumer discretionary stocks and financials top buys of mutual funds

The top five mutual fund houses — HDFC AMC, ICICI Prudential AMC, Reliance Mutual Fund, Birla Sun Life AMC, and SBI Mutual Fund, which together hold about 55% market share of the mutual fund industry, bought consumer discretionary stocks such as ITC, Maruti, Bata and United Spirits. Fund houses also bought select financial sector companies such as HDFC and IndusInd Bank. Recent IPOs in the midcap space like Equitas Holdings, Ujjivan Financial Services and Thyrocare Technologies also attracted fund managers’ attention. ICICI Pru, Reliance MF, Birla Sun Life were seen booking profits in stocks such Infosys, while HDFC AMC exited from Colgate-Palmolive (India).