Mumbai: Mutual funds bought pharma, manufacturing, auto, and FMCG stocks in June.
Metal, banking, and oil and gas stocks weighed heavy on their sell list, while stocks were re-aligned in the IT, cement and construction, power, media, and telecom pack.
Top shares traded by MFs (based on volume)
Top 5 shares bought
KEC Infrastructures - 20,849,552(no. of shares)
Ashok Leyland - 14,379,836
Essel Propack - 12,578,150
Siemens - 7,532,463
Steel Authority of India - 6,859,606
Top 5 shares sold
Mphasis BFL - 13,387,866
Hindalco Industries - 10,631,846
ITC - 6,852,443
Tata Steel - 4,874,264
Assam Company - 3,529,997
Funds bought huge chunks of KEC Infrastructures, and Ashok Leyland, while diluted exposure to MphasiS BFL and Hindalco.
Meanwhile, in contrast to the several past months, not many IPOs attracted MFs in June. Deccan Aviation, Unity Infraprojects, and Allcargo Global Logistics were the ones, which were picked by funds.
In terms of value, Siemens, ONGC, and Hindustan Lever were the top purchases by MFs, while Infosys, Reliance Industries, and Tata Steel topped the sell list.
A study of the top ten mutual funds' equity portfolios as on June 30, which are UTI, Prudential ICICI, HDFC, Templeton, Reliance, SBI, Birla SunLife, Kotak, DSP ML, and HSBC reveals that four out of the ten MFs added to their investments in KEC Infrastructures. SBI MF was the top buyer of the stock with over 195 lakh shares bought.
Ashok Leyland, the second top buy in terms of volume, was bought by six out of the ten funds. Templeton MF was the top buyer of the stock with 102 lakh shares bought.
Among other auto stocks bought, Rico Auto, Apollo Tyres topped the buy list, while Amtek Auto, and Tata Motors were among the top sells.
MphasiS BFL - the top sell was sold extensively by Templeton MF with over 98 lakh shares sold. Pru ICICI, Birla, SBI, DSP ML, and HDFC MF also sold the stock, while Kotak MF added to its investments in it.