Reliance Industries, Groww and MTAR Technologies among stocks bought and sold by mutual funds in June

Mutual funds bought stocks worth Rs 50,600 crore whereas FIIs sold Rs 35,200 crore in the secondary market in June. Mutual fund managers add or exit stocks from their portfolios monthly to actively manage them. Mentioned below 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 report highlighted the key additions across the mutual fund industry. They were JSWInfra (Rs 4,700 crore), Bajaj Finance (Rs 4,700 crore) and HDFC Bank (Rs 4,100 crore), while the key reductions were Asian Paints (Rs 1,700 crore), ICICI Bank (Rs 1,700 crore) and State Bank of India (Rs 1,600 crore).

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Largecap segment

The key buying was seen in HDFC Bank, Eternal, Adani Enterprises, Axis Bank and Bajaj Finance, while key selling was seen in Reliance Industries, NTPC, Hindalco Industries, Power Finance Corporation and TCS .

For three consecutive months, the key additions by mutual funds were Reliance Industries, Bajaj Finance, Hindustan Unilever, Sun Pharmaceuticals Industries and Adani Power whereas the key reductions were NTPC, Bajaj Auto, Asian Paints, Hindalco Industries and Wipro.

The top holdings from the largecap segment in pure equity schemes were HDFC Bank, ICICI Bank, AxisBank, Reliance Industries and Bharti Airtel.

Midcap segment

In the midcap segment, the key buying was seen in JSW Infrastructure, Meesho, Lenskart Solutions, NHPC and Groww, while key selling was seen in GE Vernova T&D I, BSE, Hitachi Energy, BHEL and Aurobindo Pharma.

The key additions were Acme Solar Holdings (Rs 3,000 crore), Craftsman Automation (Rs 1,500 crore) and Pine Labs (Rs 1,200 crore) whereas the key reductions were Sammaan Capital (Rs 1,000 crore), Vedanta Iron & Steel (Rs 600 crore) and Vedanta Oil and Gas (Rs 400 crore).

Mutual funds added Navin Fluorine International, Sona BLW, Delhivery, Global Health and Emcure Pharma for three consecutive months and key reductions were Star Health & Allied, L&T Tech, Exide Ind, Wockhardt and P&G Hygiene.

The top holdings in pure equity schemes from the midcap segment were Federal Bank, Max Financial, Bharat Forge, Fortis Health. & PB Fintech.

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Smallcap segment

In the smallcap segment, significant buying was seen in Acme Solar Holdings, Craftsman Auto, Ajanta Pharma, Pine Labs and Sterlite Tech, while highest selling was seen in Gland Pharma, Viyash Scientific, MTAR Tech, Aditya Infotech and Crompton Greaves Consumer Electricals.

The new entries included Paras Defence, Borosil Renewables, Tanfac Industries, SML Mahindra, Cupid, while Suven Life, Rossell Tech & Exicom were the complete exits.

The key additions were Bluestone (Rs 300 crore), E2E Networks (Rs 300 crore) and Turtlemint Fintech (Rs 200 crore) whereas the key reductions were Zee Entertainment (Rs 200 crore), Cyient (Rs 100 crore) and Suven Life Sciences (Rs 100 crore).

For three consecutive months, the key additions were HEG, Manyavar, RITES, Jubilant Ingrevia and Time Technoplast whereas the key reductions were Sandur Manganese, Zensar Tech, Banco Products, PVR Inox and TrivenEnggInd.

The top holdings in equity schemes from the smallcap segment were SonaBLWPrecis. , Aster DM Health. , Gland Pharma, Krishna Institute and Delhivery.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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