Adani Ports, Dr Reddy’s, Adani Ent shares among top 10 largecap stocks that mutual funds bought and sold in July
₹4,171.44 crore. This is against the outflow of ₹1,880 crore in large-cap funds during the same period. The month also saw notable changes in the sector and stock allocation of funds.
The weights of NBFCs, Capital Goods, Healthcare, Utilities, Metals, PSU Banks, Real Estate, Infrastructure, and Media increased on a month-on-month (MoM) basis. Also Read: Equity mutual fund inflows fall to ₹7,626 crore in July: AMFI Data On the other hand, the weights of Private Banks, Technology, Oil & Gas, Chemicals, Cement, and Retail moderated, as per a report by brokerage firm Motilal Oswal Financial Services. The weight of the Technology sector declined for the second consecutive month in July to a 37-month low of 9.1% (-20 bps MoM, -190 bps YoY).
Meanwhile, among largecap space, the top 10 stocks that mutual funds bought the most in July included UPL, Adani Enterprises, JSW Steel, Tata Power Company, Adani Ports & SEZ, DLF, Coal India, HDFC Life Insurance Company, Godrej Consumer Products and Bajaj Auto, according to ICICI Direct research report. Mutual funds bought 65.98 crore shares of Coal India worth ₹15,125 crore last month. Similarly, they purchased Bajaj Auto shares worth ₹5,617 crore, HDFC Life Insurance Company shares worth ₹6,186 crore and Godrej Consumer shares worth ₹4,811 crore.
Two Adani group stocks were also in the list of top 10 buys by mutual funds in the largecap segment. The fund houses bought 1.5 crore Adani Enterprises shares worth ₹3,746 crore and also Adani Ports shares to the tune of ₹4,992 crore, data front the report showed. Here is the list of top 10 buys in largecap segment across asset management companies (AMC): On the other hand, AMCs sold ONGC, Bajaj Finserv, Dr.
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