Mutual funds were predominantly buyers in the cement, construction, metal, telecom, power and auto space in the month of April.

Banking, and chemical stocks weighed heavy on their sell list, while stocks were re-aligned in the oil and gas pack. They continued to buy huge chunks of Reliance Energy [Get Quote] Ventures, while diluted exposure to banking heavyweight SBI [Get Quote].

MFs also joined the IPO party in a big way with Adhunik Metaliks [Get Quote], Gallantt Metal [Get Quote], and Godawari Power being the most bought ones. In terms of value, ONGC [Get Quote], Sterlite Industries, and Reliance Industries [Get Quote] were the top purchases by MFs, while SBI, Hindustan Zinc [Get Quote], and Siemens topped the sell list.

A study of the top ten mutual funds' equity portfolios as on April 28, which are UTI, Prudential ICICI [Get Quote], HDFC [Get Quote], Templeton, Reliance, SBI, Birla SunLife, Standard Chartered, DSP ML, and HSBC reveals that Reliance and Pru ICICI MF bought Reliance Energy Ventures. Reliance MF continued to be the top buyer of the stock with over 137 lakh (13.7 million) shares bought.

Top shares traded by MFs (based on volume)
Top 5 shares bought	No. of Shares
Reliance Energy Ventures	13,438,392
Hindalco Industries [Get Quote]	9,369,377
Adhunik Metaliks	8,572,471
India Cements [Get Quote]	7,500,353
Sterlite Industries (India)	6,588,866
Top 5 shares sold	No. of Shares
State Bank of India	3,811,941
Reliance Capital [Get Quote] Ventures	3,336,693
TVS Motor Company [Get Quote]	2,843,339
Centurion Bank of Punjab [Get Quote]	2,507,587
S Kumars Nationwide	2,395,371

However, DSP ML, Birla, HSBC, and SBI MF pared exposure to the stock. Among other power stocks, Reliance Energy, Neyveli [Get Quote] Lignite, and GIPCO were among the top 50 buys, while NTPC was among the top sells.

SBI, the top sell, was sold extensively seven out of the ten MFs. HDFC, Reliance, Templeton, Stanchart, Birla, HSBC, and DSP ML sold the stock, while Pru ICICI, UTI, and SBI MF bought it. HDFC was the top seller in the stock with over 21 lakh (2.1 million) shares sold.

Among other banking stocks, Reliance Capital Ventures, Centurion Bank, LIC Housing Finance [Get Quote], Corporation Bank [Get Quote], and Bank of India topped the sell list, while they bought Union Bank, IFCI, and Federal Bank [Get Quote].

Among the IPOs that listed in April, mutual funds bought over 85 lakh (8.5 million) shares of Adhunik Metaliks, with Pru ICICI MF being the top buyer as it bought over 56 lakh (5.6 million) shares. Templeton also bought over 29 lakh (2.9 million) shares of Adhunik Metaliks. Pru ICICI MF also invested heavily in Gallantt Metal with a total of over 34 lakh (3.4 million) shares bought. HDFC MF invested heavily in Godawari Power IPO with 16.5 lakh (1.65 million) shares bought.

Top shares traded by MFs (based on value)
Top 5 shares bought	Value (Rs in cr)
ONGC	559.30
Sterlite Industries (India)	357.68
Reliance Industries	337.47
Maruti Udyog [Get Quote]	302.89
Infosys Technologies	248.58
Top 5 shares sold	Value (Rs in cr)
State Bank of India	336.35
Hindustan Zinc	161.46
Siemens	98.36
HCL Technologies [Get Quote]	78.46
Grasim Industries [Get Quote]	64.62

Sun TV [Get Quote], Uttam Sugar Mills [Get Quote], Emkay Shares, Kewal Kiran Clothing [Get Quote], and Solar Explosives [Get Quote] were the other IPOs that attracted mutual funds. HDFC, SBI, Reliance, and DSP ML MF bought Sun TV, Pru ICICI MF bought Uttam Sugar Mills, HDFC, and Templeton MF bought Emkay Shares. Pru ICICI and HDFC MF invested in Kewal Kiran Clothing, while HDFC, UTI, Pru ICICI, DSP ML, and Templeton MF bought Solar Explosives.

Oil and gas major ONGC, the top bought stock in terms of value, was bought by eight out of 10 mutual funds. Templeton MF was the top buyer with over 17.4 lakh (million) shares bought. Other oil and gas stocks Reliance Industries, and Gulf Oil also attracted MFs, while Kochi Refineries, Gail, and HPCL [Get Quote] were sold.

Metal pivotals Hindalco, Tata Steel [Get Quote], and Sail [Get Quote] were bought, while Hindustan Zinc, and Nalco were sold. Buying was also seen in telecom majors MTNL [Get Quote], Bharti Tele, and Reliance Communication Ventures, while VSNL [Get Quote], and Siemens were sold.

Cement and construction stocks India Cement, Gujarat Ambuja [Get Quote], Gammon India [Get Quote], Jaiprakash Associates [Get Quote], and Ambuja Cement [Get Quote] Eastern figured among the top 50 buys, while UltraTech Cement [Get Quote], and ACC were the top 50 sells. Auto stocks Ashok Leyland [Get Quote], Maruti, Tata Motors [Get Quote] were among the top buys, while TVS Motor was among the top sells.

Among the IT pivotals, heavy selling was seen in HCL Technologies, Wipro [Get Quote], and TCS [Get Quote], while Infosys [Get Quote], and Satyam [Get Quote] were bought. Chemical stocks too dominated the sell list with Indo Gulf, Pidilite, Chambal Fertilisers, Colour Chem, and Shasun Chemicals being sold, while Gujarat Alkalies and IPCL [Get Quote] were bought.

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