Top 30 Stocks That Mutual Funds Bought and Sold in September; Do You Own Any?
Mutual funds were net sellers in equities in September, in continuation of selling done in the previous three months. Outflow in September was at Rs 2,595.70 crore as compared to Rs 9,339.02 crore in August, Rs 7,231.99 crore in July, and Rs 3,689.67 crore in June, as per the Sebi data.
In August the same was at Rs 4,000 crore seen and Rs 2,480 crore in July. The outflow trend seems to be receding, ICICI Direct said. According to the Association of Mutual Funds in India data, equity funds witnessed outflows for the third consecutive month in September at Rs 734 crore. Among specific categories within equity schemes, a multi-cap scheme witnessed the highest outflow of Rs 1,143 crore, followed by large-cap funds at Rs 576 crore.
In September, the company with the highest assets was Adani Green Energy, Piramal Enterprises, Godrej Consumer Products, Bosch, and Tech Mahindra, whereas Bharti Infratel, HDFC AMC, Punjab National Bank, SBI Cards And Payment Services and MRF witnessed the highest selling.
Among midcaps, Zydus Wellness, Mindtree, Tata Communications, L&T Technology Services, and IIFL Wealth Management saw the highest-selling by MFs in September, whereas the highest-selling was seen in Vodafone Idea, JSW Energy, Shriram Transport Finance Company, BHEL, and Jubilant Life Sciences.
Shriram Transport Finance Company was in the top 10 buying list of MFs in August, while Syngene International and Vodafone Idea remained in the top 10 selling list in August too.
In the smallcap space, the highest buying by AUMs was seen in Shilpa Medicare, Essel Propack, Valiant Organics, GMM Pfaudler and BSE Limited, whereas Future Lifestyle Fashions, Aarti Drugs, Mahindra CIE Automotive, IndiaMART InterMESH, and Laurus Labs witnessed the highest selling.
Meanwhile, the SIP inflows remained strong in September at Rs 7,788 crore, compared to Rs 7,792 crore in August. It has been strong despite the past month's outflow in MFs.
G Pradeepkumar CEO at Union AMC said "Regular investing through SIP route has remained robust. This is demonstrated by the healthy growth in several SIP folios as well as by the monthly flows which seem to have stabilized,".
He added "It appears interested in equity mutual fund schemes is seeing a good revival. Mobilization into open-ended equity schemes in September has been the highest in the current financial year. The number of folios in the industry as a whole and specifically in equity funds have also gone up significantly,".
Akhil Chaturvedi-Associate Director and Head of Sales and Distribution, Motilal Oswal Asset Management Company said "Better sales numbers in equity MF could also be a function of markets recovering back to Pre-COVID Levels, early signs of an impending economic recovery thus leading to increase in investors’ appetite for equities,".