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Mutual funds: What's hot this week

Last updated on: July 14, 2006 15:39 IST
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. 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.

Top shares traded by MFs (based on volume)
Top 5 shares bought No. of Shares
KEC Infrastructures 20,849,552
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 No. of Shares
Mphasis BFL 13,387,866
Hindalco Industries 10,631,846
ITC 6,852,443
Tata Steel 4,874,264
Assam Company 3,529,997

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. Among other IT stocks sold, Satyam, Infosys, and Tulip IT topped the sell list, while Aztec, HCL Infosystems, Wipro, and Polaris were among the other top buys.

Among the IPOs that listed in June, UTI MF bought over 7.6 lakh shares of Deccan Aviation, Pru ICICI MF bought over 1.7 lakh shares of Unity Infraprojects, while Kotak and SBI MF purchased over 1 lakh and 38,000, each of Allcargo Global Logistics.
 

Top shares traded by MFs (based on value)
Top 5 shares bought Value (Rs in cr)
Siemens 666.81
ONGC 257.94
Hindustan Lever 146.95
Zee Telefilms 115.98
GSK Pharmaceuticals 83.67
Top 5 shares sold Value (Rs in cr)
Infosys Technologies 280.56
Reliance Industries 276.92
Tata Steel 259.94
Mphasis BFL 202.89
Hindalco Industries 186.00
Telecom pivotal Siemens, the top bought stock in terms of value, was bought by all ten mutual funds. HDFC MF was the top buyer with over 25 lakh shares bought. Among other telecom stocks, ITI was bought, while Bharti Airtel, and Sterlite Industries were among the top sells.

IT bellwether Infosys, the top sold stock in terms of value, was bought by UTI, Templeton, Reliance, HDFC, SBI, and Birla MF. UTI MF was the top seller with over 8.95 lakh shares sold. However, Pru ICICI, HSBC, Kotak, and DSP ML MF added to their investments in the stock.
 
Pharma stocks Cipla, GSK Pharma, Ipca Labs, Glenmark, and Novartis were among the top buys, while Ranbaxy was sold. Manufacturing stocks Essel Propack, Tamilnadu Newsprint, Ballarpur, Asahi India Glass, and SRF also attracted MFs. In the FMCG pack, Hindustan Lever, Eveready Industries, GSK Healthcare, and Marico were among the top buys, while ITC was a prominent sell.

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