HCL Technologies, Paytm, and BSE among stocks that mutual funds bought and sold in October

Mutual funds in September bought stocks worth Rs 872 billion in the Indian secondary market. The mutual fund managers actively manage the scheme portfolios and add or exit some stocks from their portfolios to deliver better performance. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in October, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.

The key additions by the mutual fund industry were Reliance Industries (Rs 82 billion), Mahindra & Mahindra (Rs 63 billion), and HDFC Bank (Rs 59 billion) while the key reductions were from RBL Bank (Rs 8 billion), Cholamandalam Investment and Finance (Rs 6 billion), and HCL Technologies (Rs 6 billion).

Also Read | 7 ELSS mutual funds turn Rs 10,000 monthly SIP to over Rs 1 crore in 25 years


The top additions in the large cap space for three consecutive months were Reliance Industries, TCS, Infosys, ITC, and Life Insurance Corporation. The top reductions during the same period were Apollo Hospitals, Oracle Financial Services, Solar Industries, Torrent Power, and Persistent System.

Mutual funds added these midcap stocks for three consecutive months - NLC India, Piramal Pharma, Godfrey Phillips, Aditya Birla Fashion and IRB Infra Development. Top reductions were made from Blue Star, L&T Finance, Kaynes Tech, Suven Pharma and Endurance Tech.

The key additions in the mid cap segment were 360 One Wam (Rs 6 billion), Tata Chemicals (Rs 5 billion), and KEI Industries (Rs 5 billion). The key reductions were RBL Bank (Rs 8 billion), Central Depository Services (Rs 5 billion), and Multi Commodity Exchange (Rs 5 billion).

The top additions in the mid cap segment were Coforge, One 97 (Paytm), HDFC AMC, Max Healthcare, KEI Industries.

Also Read | Mutual funds were sitting on nearly Rs 2 lakh crore cash in October

In the small cap space, mutual funds added ISGEC Heavy, Arvind Ltd, Time Technoplast, SBFC Finance and Power Mech Projects for three consecutive months. Key reductions were made from ITD Cem, Cera Sanitary, SFL Inds, Texmaco Rail and CMS Info System for three consecutive months.

The new entries in the small cap segment were Sundaram Clayton, Cigniti Tech., Paras Defence, Himatsing. Seide, and Puravankara. On the other hand, mutual funds made a complete exit from five smallcap stocks which included Spandana Sphoort, Suryoday Small, Reliance Power, Flair Writing, and Atul Auto.

The key additions in the small cap space were Sansera Eng (Rs 7 billion), Sundaram Clayton (Rs 4 billion), and Sky Gold (Rs 3 billion). On the other hand, the key reductions were Orient Cement (Rs 2 billion), Sudarshan Chem (Rs 1 billion), and Sharda Cropchem (Rs 1 billion).