Software exporters Wipro [Get Quote], Tata Consultancy Services [Get Quote] and ADA Group firm Reliance Natural Resources [Get Quote] are among the companies which have caught the fancy of fund managers in June, while Punjab National Bank [Get Quote] and Indian Oil Corporation [Get Quote] lost some flavour.

An analysis of buy and sell transactions by mutual funds during May shows that the fund houses purchased stocks from sectors like power, software, housing finance and sugar, while offloading shares from banking, refineries and airlines.

According to brokerage firm Sharekhan, state-run NTPC, ONGC [Get Quote], TCS, Essar Oil [Get Quote] and Reliance Petroleum [Get Quote] figure among the favourite picks by the equity funds in the month of May.

Besides, MFs were seen adding a couple of new stocks to the portfolio.

The top new picks for equity funds includes, UCO Bank [Get Quote], Swaraj Mazda [Get Quote], Bhushan Steel [Get Quote] and Purvankara Projects, the data compiled by Sharekhan shows.

Besides, in the mid-cap equity funds portfolio stocks of Mahindra Satyam [Get Quote], RNRL, Hindalco Industries [Get Quote] and Network 18 Media caught the fancy of the MFs.

In the last month, domestic MFs have made complete exits from the portfolio of equity funds in the scrips of a host of firms, including Ansal Properties, HOEC and Wire and Wireless.

Besides, IOC, PNB, Bajaj Auto Finance [Get Quote] and CEAT are among the mid-cap stocks where some of the funds have made a complete exit.

Some of the popular stocks which caught the fancy of investors in June include the country's most valued firm Reliance Industries [Get Quote], largest lender State Bank of India [Get Quote] and private sector ICICI Bank [Get Quote].

Besides, Bharti Airtel [Get Quote], Infosys Technologies, Financial Technologies and pharma firm Lupin have been included among the popular stocks in mid-cap funds, according to Sharekhan.

According to the Mutual Fund Monthly Performance Report of Reliance Money the fund houses have increased their exposure in companies like Essar Oil, RNRL, Tata Communications and Infosys [Get Quote].

Besides, the report noted that the companies in which the MFs have decreased their exposure include Adlabs [Get Quote], Hindalco Industries, ITC and Sun Pharmaceutical.

Besides, the 'fresh entrants' in the mutual fund buying list as compiled by Reliance Money include Allcargo Global, Ahluwalia Contracts and Swaraj Mazda.

At the end of June, the combined average of Assets Under Management of the 35 fund houses in the country increased by Rs 31,863.31 crore (Rs 318.63 billion) or 5 per cent to Rs 6,70,993.13 crore (Rs 6,709.93 billion) which analysts believe was mainly on the back of increased inflows into fixed-income schemes.