love_gundu22
MP Guru
What's hot, what's not with Mutual Funds
Domestic Mutual Funds might have emerged as a scared lot during a sharp three-day slide and a broadly volatile market this month, but they had put out a balanced show in the previous month.
The fund houses purchased stocks from sectors such as FMCG, construction, auto and IT sectors in November, while offloading shares from telecom, cement, oil and gas, sugar and tea sectors last month -- resulting in a net sale of Rs 24 crore during the period.
However, they have failed to take the recent downslide as a buying opportunity, when the market plunged by nearly 100 points in three straight days, and have sold shares worth about Rs 900 crore so far in December.
Still, MFs have been seen buying heavily the shares of newly listed companies. Among companies listed in November, MFs purchased large chunks in real estate companies like Lanco Infratech and Parsvnath Developers and dotcom firm Info Edge, data complied by domestic brokerage house Sharekhan shows.
In terms of market value, Tata Motors, L&T and Punj Lloyd ranked among the top picks by domestic fund houses while Reliance Industries, State Bank of India and Siemens were stocks which topped the sell list.
Other stocks which gripped the MF fancy were Subhash Markets and projects, Geojit Financial Services, IT company R System International and Great Offshore.
An analysis of the equity portfolio of top ten Mutual Funds, including UTI, Prudential ICICI, Reliance MF and HDFC, reveals that five out of the ten top MFs added to their investments in KEC Infrastructures.
A total of 6.76 crore shares of KEC International valuing over Rs 2,500 crore were added to the equity portfolios. FMCG major ITC continued to hold MF attention and shares valued at Rs 103.25 crore were picked up by the funds in November.
About 149 lakh shares of ITC were bought by UTI MF , while Reliance MF, Kotak and Templeton MF diluted their holdings in the stock.
The top valued stock of Tata Motors was bought by five of the top ten Mutual Funds, with over 29.5 lakh shares being purchased by Reliance MF. On the other hand, HDFC MF and UTI MF reduced their holdings in the stock.
According to brokerage firm Sharekhan's analysis of cash rich funds, LIC index fund - Sensex plan is sitting on a huge pile of cash equivalent to 32.22 per cent of the total scheme, followed by Sahara Wealth Plus Fund with 29 per cent of cash and Birla Long Term Advantage Fund with 27 per cent.
Sundaram BNP Paribas Select Midcap, DBS Chola Opportunities Fund, Cangrowth Plus and UTI Contra fund are among the cash rich equity diversifies funds waiting for right valuations to invest.
KEC International has also been the top grosser for the mid-cap funds as well.
The most popular stocks in mid-cap funds include Aditya Birla Nuvo, Bank of Baroda, Bharat Earth movers, Jindal Saw, State Bank of India, Reliance Industries.
Domestic Mutual Funds might have emerged as a scared lot during a sharp three-day slide and a broadly volatile market this month, but they had put out a balanced show in the previous month.
The fund houses purchased stocks from sectors such as FMCG, construction, auto and IT sectors in November, while offloading shares from telecom, cement, oil and gas, sugar and tea sectors last month -- resulting in a net sale of Rs 24 crore during the period.
However, they have failed to take the recent downslide as a buying opportunity, when the market plunged by nearly 100 points in three straight days, and have sold shares worth about Rs 900 crore so far in December.
Still, MFs have been seen buying heavily the shares of newly listed companies. Among companies listed in November, MFs purchased large chunks in real estate companies like Lanco Infratech and Parsvnath Developers and dotcom firm Info Edge, data complied by domestic brokerage house Sharekhan shows.
In terms of market value, Tata Motors, L&T and Punj Lloyd ranked among the top picks by domestic fund houses while Reliance Industries, State Bank of India and Siemens were stocks which topped the sell list.
Other stocks which gripped the MF fancy were Subhash Markets and projects, Geojit Financial Services, IT company R System International and Great Offshore.
An analysis of the equity portfolio of top ten Mutual Funds, including UTI, Prudential ICICI, Reliance MF and HDFC, reveals that five out of the ten top MFs added to their investments in KEC Infrastructures.
A total of 6.76 crore shares of KEC International valuing over Rs 2,500 crore were added to the equity portfolios. FMCG major ITC continued to hold MF attention and shares valued at Rs 103.25 crore were picked up by the funds in November.
About 149 lakh shares of ITC were bought by UTI MF , while Reliance MF, Kotak and Templeton MF diluted their holdings in the stock.
The top valued stock of Tata Motors was bought by five of the top ten Mutual Funds, with over 29.5 lakh shares being purchased by Reliance MF. On the other hand, HDFC MF and UTI MF reduced their holdings in the stock.
According to brokerage firm Sharekhan's analysis of cash rich funds, LIC index fund - Sensex plan is sitting on a huge pile of cash equivalent to 32.22 per cent of the total scheme, followed by Sahara Wealth Plus Fund with 29 per cent of cash and Birla Long Term Advantage Fund with 27 per cent.
Sundaram BNP Paribas Select Midcap, DBS Chola Opportunities Fund, Cangrowth Plus and UTI Contra fund are among the cash rich equity diversifies funds waiting for right valuations to invest.
KEC International has also been the top grosser for the mid-cap funds as well.
The most popular stocks in mid-cap funds include Aditya Birla Nuvo, Bank of Baroda, Bharat Earth movers, Jindal Saw, State Bank of India, Reliance Industries.