BSE and One 97 among stocks that mutual funds bought and sold in April

Mutual funds bought stocks worth Rs 17,000 crore in April, led by additions in Infosys, TCS, and Reliance. Largecap buys included SBI and Kotak Bank; midcap additions were RBL Bank and Syngene; smallcaps saw interest in Ujjivan and Equitas. Major ...

Reuters

In April, Indian mutual funds invested a net Rs 17,000 crore in the secondary market, actively rebalancing portfolios.

Mutual funds bought stocks worth Rs 17,000 crore in the Indian secondary market. Fund managers adjust their holdings monthly by adding or exiting stocks as part of active portfolio management. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in April, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.

The key additions across mutual fund industry were Infosys (Rs 3,000 crore), TCS (Rs 2,400 crore) and Reliance Inds (Rs 1,700 crore) whereas the key reductions were ITC (Rs 2,900 crore), Bharti Airtel (Rs 2,700 crore) and ICICI Bank (Rs 1,400 crore).

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In the large cap segment, the key additions for three consecutive months were Reliance Inds, HDFC Bank, TCS, UltraTech Cem and Bajaj Finserv. On the other hand, the key reductions for three consecutive months were Bharti Airtel, Bajaj Fin, Adani Ports, Wipro and Tata Motors.

Significant buying was seen in Reliance Industries, Axis Bank, Kotak Mahindra Bank, State Bank of India and HDFC Life Insurance in the large cap segment while highest selling was seen in ITC, Bharti Airtel, Bharat Electron, Hindustan Unilever and Infosys.

In the mid cap space, the key additions across the mutual funds industry were RBL Bank (Rs 600 crore), Syngene Intl (Rs 500 crore) and KEI Inds (Rs 500 crore) whereas the key reductions were Amber Enterprises (Rs 400 crore), Indraprastha Gas (Rs 300 crore) and 360 One Wam (Rs 300 crore).

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The key additions in the mid cap segment for three consecutive months were UCO Bank, Biocon, Kaynes Tech, Escorts Kubota and Dalmia Bharat and the key reductions were Thermax, MotilOswalFin, 360 One Wam, ACC and Cholamandalam Fin for three consecutive months.

Lupin, Coforge, Colgate-Palmoliv, P I Industries, Persistent Sys were among the key buying by mutual funds in the mid cap segment while key selling was seen in Voltas, Max Healthcare, One 97, Info Edg.(India) and M & M Fin. Serv.

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In the small cap space, key additions by mutual funds were seen in Ujjivan Small Fin Bk (Rs 300 crore), Equitas Small Fin (Rs 200 crore) and Usha Martin (Rs 100 crore). On the other hand, the key reductions in this segment were ITD Cem (Rs 200 crore), CarTrade Tech (Rs 100 crore) and CSB Bank (Rs 100 crore).

The key additions by mutual funds in the small cap space were Sammaan Capital, JP Power Ven, CE Info Sys, GMDC and Olectra Greentech whereas the key reductions were India Shelter Fin, PVR Inox, Tega Ind, Triven Engg Ind and Nazara Tech.
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A significant buying was seen in BSE, NBCC, Cyient, Ujjivan Small & Apar Inds. in the small cap space while highest selling was seen in Amber Enterp., Natl. Aluminium, Blue Star, 360 ONE and Galaxy Surfactant.

In the small cap segment, new entries included Fino Payments, Shyam Metallics, Suryoday Small & Flair Writing , while Share India Sec was a complete exit.
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(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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