Mutual funds bought FMCG, construction, auto, and IT stocks in November. Selling was seen in telecom, cement, oil and gas, sugar, and tea stocks, while stocks were re-aligned in the engineering, and banking sectors. Funds continued to buy huge chunks of engineering stock KEC Infrastructures, while diluted exposure to aluminium major Hindalco.
Among the equity IPOs that listed in November, Lanco Infratech, Parsvnath Developers, and Info Edge India attracted mutual funds. In terms of value, Tata Motors, L&T, and Punj Lloyd were the top purchases by MFs, while SBI, Siemens, and Reliance Industries topped the sell list.
| Top shares traded by MFs (based on volume) | |
| Top 5 shares bought | No. of Shares |
| KEC Infrastructures | 15,430,455 |
| ITC | 5,867,383 |
| Simplex Infrastructures | 3,459,043 |
| Andhra Bank | 3,447,455 |
| Deccan Aviation | 3,442,551 |
| Top 5 shares sold | No. of Shares |
| Hindalco Industries | 14,316,337 |
| Ashok Leyland | 6,635,814 |
| State Bank of India | 3,776,307 |
| Siemens | 3,028,121 |
| Cummins India | 3,023,319 |
A study of the top ten mutual funds' equity portfolios as on November 30, which are UTI, Prudential ICICI, Reliance, HDFC, Templeton, SBI, Birla SunLife, Tata, Kotak, and DSP ML MF reveals that five out of the ten MFs added to their investments in KEC Infrastructures. SBI MF was the top buyers of the stock with over 53 lakh shares bought.
Among other engineering stocks, Punj LLoyd, and L&T were bought, while Siemens, Cummins India, Crompton Greaves, HEG, and Thermax were among the top sells.
FMCG heavyweight ITC continued to be the second top buy in terms of volume. It was bought by six MFs with UTI MF being the top buyer with over 49 lakh shares bought, while Reliance, Kotak, and Templeton MF pared exposure to the stock. Among other FMCG pivotals, over 31 lakh shares of Hindustan Lever were bought.
Hindalco - the top sell was sold by seven MFs. Templeton MF with over 77 lakh shares sold was the top seller of the stock. Among other metal stocks, Tata Steel, and Hindustan Zinc were sold, while Welspun Gujarat, Maharashtra Seamless, and Jindal Saw were among the top buys.
Tata Motors - the top value buy was bought by five of the top 10 MFs. Reliance MF was the top buyer of the stock with 29.5 lakh shares bought, while HDFC, UTI, and DSP ML slashed exposure to it.
Among other auto stocks, TVS Motor, Escorts, Hero Honda, Rico Auto, Exide,, M&M, and Apollo Tyres were bought, while Ashok Leyland, and Maruti were sold.
| Top shares traded by MFs (based on value) | |
| Top 5 shares bought | Value (Rs in cr) |
| Tata Motors | 222.43 |
| Larsen and Toubro | 196.36 |
| Punj Lloyd | 193.71 |
| Dr Reddys Laboratories | 166.63 |
| Wipro | 143.92 |
| Top 5 shares sold | Value (Rs in cr) |
| State Bank of India | 496.21 |
| Siemens | 341.62 |
| Reliance Industries | 300.85 |
| Hindalco Industries | 248.17 |
| ACC | 168.34 |
SBI - the sell in terms of value was dumped by eight MF. HDFC MF was the top seller with over 16 lakh shares sold. However, Templeton MF added to their investments in the stock.
Among other banking stocks, PNB, UTI Bank, and Canara Bank were among the top sells, while Andhra Bank, IDFC, and Indian Overseas Bank were the top buys.
Among the IPOs that listed in November, Lanco Infratech was the most popular one with a total of over 20 lakh shares bought by four of the top 10 MFs, followed by Parsvnath Developers with 10.6 lakh bought by seven MFs and Info Edge India with 1.5 lakh shares bought by five MFs.
DSP ML MF was the top investor in Lanco Infratech with over 12.6 lakh shares purchased. Pru ICICI MF was the top investor in the Parsvnath Developers IPO with 2.8 lakh shares purchased, while Templeton MF was the top investor in Info Edge with 73,533 shares bought.
Among other sectors, construction and IT witnessed buying. Construction stocks Simplex Infrastructures, Nagarjuna Construction, Subhash Projects, and Hindustan Sanitaryware were among the top purchases. IT stocks Wipro, HCL Technologies, R Systems, Rolta, and Infotech Enterprises were bought extensively.
Meanwhile, telecom, cement, oil and gas, sugar, and tea stocks weighed heavy on the sell list. Telecom majors Sterlite Industries, MTNL, and Bharti Airtel witnessed selling. Cement pivotals ACC, GAC, Mysore Cements, OCL India, and Jaiprakash Associates too were sold. Among oil and gas stocks, Reliance, BPCL, and IOC were sold extensively. Tea stocks Assam Company, McLeod Russel, Tata Tea, and sugar stocks Bajaj Hindustan, Balrampur Chini, Ugar Sugar too were sold.
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