Here's a look at the stocks mutual funds bought and sold in October

Equity mutual funds received strong inflows during the month of October, as some investors waiting for a decline entered the markets. Amongst auto stocks, Tata Motors saw heavy buying considering a gradual recovery in Chinese demand after the sharp fall it witnessed in the previous month.

Maruti, on the other hand, saw some profit-booking after a sharp run-up of 40 per cent over the last one year. Many funds exited IDFC post the split into IDFC and IDFC Bank, preferring to hold on to just the banking business. Amongst private sector banks, HDFC Bank continued to attract buying as consistency of a 20 per cent per annum profit growth continued. IPOs of Coffee Day Enterprises, InterGlobe Aviation and SH Kelkar attracted attention. After a sharp rise over the last couple of years, pharma stocks witnessed profit-taking with Lupin and Cipla seeing some selling by fund houses. Reliance Industries saw buying by funds on better outlook for its refi nery and petrochemical margins.