arrow-left

Big-10 funds and their portfolio stock moves in February 2023

  • 14 Mar , 2023
  • 1:24 PM
  • We look at the top 10 AMCs by equity AUM and evaluate at 2 levels.

One way to track mutual funds action is to evaluate the portfolio shifts of large fund houses based on equity AUM. We look at the top 10 AMCs by equity AUM and evaluate at 2 levels. Firstly, we look at the large cap stocks that they purchased and at the large cap holdings that they tweaked in February 2023. This virtually represents a microcosm of the Indian equity markets and gives a quick view of preferred stocks in that month. At the second level, we see the most preferred stocks from an alpha perspective for each fund house.

SBI Mutual Fund and the equity portfolio churn story in February 2023

Let us first look at the shares SBI Mutual Fund bought in the month of February 2023, across all market cap classes but predominantly large caps. In terms of MOM percentage increase, SBI MF added to its positions only in Kotak Mahindra Bank in the month of February 2023. That is a rather cautious approach for the largest equity fund house.

SBI Mutual Fund was neutral on stocks like ICICI Bank, Reliance Industries, HDFC Ltd, ITC Ltd and Larsen & Toubro. However, SBI MF cut stakes in State Bank of India, Bharti Airtel, HDFC Bank Ltd and Infosys Ltd. The fund’s top 5 stock picks for February 2023 in terms of percentage accretion in holdings include Zomato Ltd, Cognizant Technologies, Equitas SFB, Interglobe Aviation (Indigo Airlines) and City Union Bank.

How ICICI Prudential Mutual Fund churned its equity portfolio in February 2023

Let us look at the large cap shares that ICICI Prudential Mutual Fund bought in February 2023. In terms of MOM percentage increase, ICICI Prudential Mutual Fund added to its positions substantially in Reliance Industries, followed by Bharti Airtel, Sun Pharma, Larsen & Toubro and NTPC Ltd.

ICICI Pru MF remained neutral on Axis Bank and ONGC. There were several stocks in which ICICI Prudential MF cut positions. These included stocks like ICICI Bank, Infosys and HDFC Bank. The fund’s top 5 stock picks for February 2023 based on percentage increase in holdings include Equitas SFB, PVR Ltd, Coforge Ltd, Info Edge Ltd and Syngenta International.

HDFC Mutual Fund and the equity portfolio churn story in February 2023

Let us first focus on the shares that HDFC Mutual Fund bought in February 2023, predominant in the large cap space. In terms of MOM percentage increase, HDFC Mutual Fund added to its positions in large cap stocks like Axis Bank, HDFC Ltd, HDFC Bank, State Bank of India and NTPC Ltd.

HDFC Mutual Fund stayed neutral on Infosys but sharply cut positions in stocks like ITC Ltd, Larsen & Toubro and Reliance Industries Ltd. The fund’s top 5 stock picks for February 2023 based on the percentage increase in holdings included Dixon Technologies, Titan Ltd, Gland Pharma, Punjab National Bank and Birla Corporation.

How Nippon India Mutual Fund churned its equity portfolio in February 2023

Let us now turn to the stocks Nippon India MF bought in February 2023, across large caps. In terms of MOM percentage increase, Nippon India MF added to its positions in Reliance Industries in a big way, followed by Axis Bank, NTPC Ltd, SBI, Infosys Ltd and ONGC. Nippon India MF was neutral on HDFC Bank and ICICI Bank Ltd.

During February 2023, Nippon India MF cut its positions in L&T and Powergrid. The fund’s top 5 stock picks for the month of February 2023 based on the percentage increase in holdings included Syngene International, Kaynes Technology, Avenue Supermarts, Piramal Enterprises and 3M India.

UTI Mutual Fund and the equity portfolio churn story in February 2023

What are the shares that UTI Mutual Fund bought and sold in February 2023? In terms of MOM percentage increase, UTI MF added to its large cap positions in Axis Bank, Kotak Mahindra Bank, HDFC Ltd, HDFC Bank and ICICI Bank. UTI Bank was neutral in February 2023 on Infosys Ltd, Reliance Industries and Tata Consultancy Services (TCS).

The fund cut its positions in Bajaj Finance Ltd and ITC Ltd during February 2023. The fund’s top 5 stock picks for the month of February 2023 based on the percentage increase in holdings included Persistent Systems Ltd, IDFC First Bank, Muthoot Finance, Vedant Fashions Ltd and Interglobe Aviation (Indigo Airlines).

How Aditya Birla Sun Life (ABSL) Mutual Fund churned its portfolio in February 2023

Let us start with the shares that Aditya Birla Sun Life (ABSL) Mutual Fund bought in February 2023; predominantly in the large cap space. In terms of MOM percentage accretion, ABSL MF added to its positions in Axis Bank, HDFC Bank, State Bank of India, Reliance Industries, Sun Pharma, HDFC Ltd, Larsen & Toubro Ltd and Infosys Ltd.

ABSL Mutual Fund stayed neutral on Bharti Airtel but did not cut positions in any of the large cap frontline stocks. The fund’s top 5 stock picks for February 2023 based on percentage accretion in holdings included Syngene International, PVR Ltd, Coforge Ltd, Ambuja Cements Ltd and Asian Paints Ltd.

Axis Mutual Fund and the equity portfolio churn story in February 2023

Let us now turn to the shares that Axis Mutual Fund traded in February 2023, across market cap classes. In terms of MOM percentage increase, Axis Mutual Fund was not a meaningful buyer in any of the frontline counters. However, Axis Bank had chosen to be neutral on Pidilite Industries and Info Edge Ltd.

Axis Mutual Fund was a heavy seller in February 2023. During the month, Axis MF sold Bajaj Finance and ICICI Bank Ltd in large chunks. It was also a seller in TCS, Avenue Supermarts, HDFC Bank, Kotak Mahindra Bank, HDFC Ltd and Infosys Ltd. The fund’s top 5 stock picks for February 2023 based on the percentage accretion in holdings were Bajaj Auto, Chola Financial, Craftsman Automation, Carborundum Universal and M&M Financial Services.

How Kotak Mutual Fund churned its equity portfolio in February 2023

Here is a look at stocks that Kotak Mutual Fund bought in February 2023, across market cap classes. In terms of MOM percentage increase, Kotak Mahindra MF added Maruti Suzuki and Axis Bank Ltd. However, Kotak Mutual Fund opted to remain neutral on Ultratech Cements Ltd.

There was a slew of stocks in which Kotak Mutual Fund cut positions including Reliance Industries, ICICI Bank, SBI, HDFC Bank, Infosys, Larsen & Toubro Ltd and SRF Ltd. The fund’s top 5 stock picks for February 2023 based on percentage accretion in holdings included Sundaram Fasteners, Info Edge Ltd, Coforge Ltd, Havells (fresh additions) and ONGC Ltd.

How Mirae Mutual Fund tweaked its equity portfolio in February 2023

Among the frontline stocks that Mirae Mutual Fund bought in February 2023 were Reliance Industries, Larsen & Toubro, SBI, ICICI Bank, HDFC Ltd, Axis Bank and Bharti Airtel. However, the fund chose to remain neutral on HDFC Bank Ltd.

During the month of February, Mirae MF also sold Maruti Suzuki and Infosys Ltd. The fund’s top 5 stock picks for February 2023 based on percentage accretion in holdings included Indian Hotels, Ultratech Cements, Bajaj Finserv, Nestle India Ltd and One97 Communications (Paytm) Ltd.

How DSP Mutual Fund turned its equity portfolio in February 2023

DSP Mutual Fund bought a large chunk of Bajaj Finance and smaller quantities of Alkem Laboratories, ICICI Bank, Infosys Ltd and IPCA Laboratories. However, DSP Mutual Fund remained neutral on Emami Ltd for February 2023.

In terms of selling, DSP MF was a seller in Supreme Industries, Axis Bank Ltd, Maruti Suzuki and HDFC Bank. The fund’s top 5 stock picks for February 2023 based on percentage increase in holdings were PVR Ltd (fresh position), IDFC Ltd, Heritage Foods, HDFC Ltd and Engineers India Ltd.

ad IconAd Image

Big-10 funds and their portfolio stock moves in January 2023

  • 13 Feb , 2023
  • 7:58 PM
  • Here we look at the top 10 mutual fund AMCs by equity AUM and evaluate at 2 levels.

One way to closely follow what the mutual funds are doing is to track the actions of the large funds houses based on equity AUM. Here we look at the top 10 mutual fund AMCs by equity AUM and evaluate at 2 levels. Firstly, we look at the stocks that they purchased and at the large cap holdings that they tweaked in January 2023. It represents virtually the microcosm of the Indian markets and gives a quick view of which stocks were preferred by which funds and which stocks were not so preferred. 

How SBI Mutual Fund churned its equity portfolio in January 2023

Let us first look at the shares that SBI Mutual Fund bought in the month of January 2023, across all market cap classes but predominantly large caps. In terms of MOM percentage increase, SBI MF added to its positions in ICICI Bank and Bharti Airtel. It also added Axis Bank, Reliance Industries and Infosys Ltd to its portfolio in the January 2023.

SBI Mutual Fund was flat to neutral in stocks like HDFC Bank, Larsen & Toubro and ITC Ltd. However, SBI MF cut its stake in State Bank of India and HDFC Ltd. The fund’s top 3 mid-cap picks for the month of January 2023 in terms of percentage growth in holding included FSN E-Commerce Ventures (Nykaa), SAIL Ltd and Glaxo SmithKline Pharmaceuticals Ltd.

How ICICI Prudential Mutual Fund churned its equity portfolio in January 2023

Let us first look at what are the shares that ICICI Prudential Mutual Fund bought in the month of January 2023, across market cap classes. In terms of MOM percentage increase, ICICI Prudential Mutual Fund added to its positions in Reliance Industries, ICICI Bank, Axis Bank, Bharti Airtel, NTPC Ltd and State Bank of India.

There were several stocks in which ICICI Prudential Mutual Fund cut positions. These included stocks like HDFC Bank Ltd, Sun Pharma Ltd, Larsen & Toubro Ltd and Infosys Ltd. The fund’s top 3 picks for January 2023 based on percentage increase in holdings include Zomato Ltd, Tata Motors and Info Edge Ltd.

How HDFC Mutual Fund churned its equity portfolio in January 2023

Let us first focus on what are the shares that HDFC Mutual Fund bought in the month of January 2023, across market cap classes. In terms of MOM percentage increase, HDFC Mutual Fund added to its positions in large cap stocks like Reliance Industries, ICICI Bank, Axis Bank, Infosys Ltd and HDFC Ltd.

There were several stocks in which HDFC Mutual Fund cut positions. These included stocks like State Bank of India, ITC Ltd and L&T. In addition, the fund stayed neutral on stocks like HDFC Bank and NTPC Ltd for the month of January 2023. The fund’s top 3 picks for the month of January 2023 based on the percentage increase in holdings included Gland Pharma, TVS Motors and Bajaj Finserv Ltd.

How Nippon India Mutual Fund churned its equity portfolio in January 2023

Let us first look at the shares that Nippon India Mutual Fund bought in the month of January 2023, across market cap classes. In terms of MOM percentage increase, Nippon India MF added to its positions in Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Axis Bank, Infosys Ltd, Powergrid Ltd and ONGC.

There was one major large cap stock in which Nippon India Mutual Fund cut positions and that was Larsen & Toubro. In addition, the fund stayed neutral on NTPC Ltd for the month of January 2023. The fund’s top 3 picks for the month of January 2023 based on the percentage increase in holdings included TTK Prestige, Piramal Enterprises and FSN E-Commerce Ventures Ltd (Nykaa).

How UTI Mutual Fund churned its equity portfolio in January 2023

What are the shares that UTI Mutual Fund bought in the month of January 2023? In terms of MOM percentage increase, UTI MF added to its positions in Kotak Mahindra Bank, ICICI Bank, HDFC Bank, Infosys Ltd and Tata Consultancy Services (TCS).

UTI Mutual Fund cut its position in Axis Bank and ITC Ltd during the month of January 2023. In addition, the fund remained neutral on Reliance Industries, HDFC Ltd and Bharti Airtel Ltd. The fund’s top 3 picks for the month of January 2023 based on the percentage increase in holdings included Muthoot Finance Ltd, Metro Brands Ltd and Persistent Systems Ltd.

How Aditya Birla Sun Life (ABSL) Mutual Fund churned its equity portfolio in January 2023

Let us first look at the shares that Aditya Birla Sun Life (ABSL) Mutual Fund bought in the month of January 2023, across market cap classes. In terms of MOM percentage increase, ABSL MF added to its positions in HDFC Bank, SBI, Bharti Airtel, Infosys, Reliance Industries and Larsen & Toubro Ltd.

Aditya Birla Sun Life Mutual Fund cut positions in Axis Bank and Sun Pharmaceuticals Ltd. In addition, the fund also stayed neutral on ICICI Bank Ltd and HDFC Ltd. The fund’s top 3 picks for the month of January 2023 based on the percentage increase in holdings included Power Finance Corporation, Samvardhana Motherson International and Apollo Tyres Ltd.

How Axis Mutual Fund churned its equity portfolio in January 2023

Let us now turn to the shares that Axis Mutual Fund bought in the month of January 2023, across market cap classes. In terms of MOM percentage increase, Axis MF added to its positions in Tata Consultancy Services (TCS) in January 2023.

Axis Mutual Fund cut positions in several stocks including ICICI Bank Ltd, Infosys Ltd, Avenue Supermarts, Pidilite Industries, HDFC Bank Ltd, HDFC Ltd and Info Edge Ltd. In addition, the fund stayed neutral on Kotak Mahindra Bank in January 2023. The fund’s top 3 picks for the month of January 2023 based on the percentage increase in holdings included AIA Engineering, Tata Motors and United Breweries  Ltd.

How Kotak Mahindra Mutual Fund churned its equity portfolio in January 2023

Let us look at what are the shares Kotak Mahindra Mutual Fund bought in the month of January 2023, across market cap classes. In terms of MOM percentage increase, Kotak Mahindra MF added HDFC Bank Ltd, State Bank, ICICI Bank, Axis Bank, Reliance Industries and Infosys Ltd.

There were several stocks in which Kotak Mahindra Mutual Fund cut positions including Ultratech Cements, Maruti Suzuki and Larsen & Toubro Ltd. The fund stayed neutral on SRF Ltd for January 2023. The fund’s top picks for January 2023 based on percentage increase in holdings included South Indian Bank, Asian Paints and Dixon Technologies Ltd.

How Mirae Mutual Fund churned its equity portfolio in January 2023

Mirae Mutual Fund bought a large chunk of Reliance Industries followed by HDFC Ltd during the month of January 2023. The fund also bought Bharti Airtel, L&T, SBI and ICICI Bank. Mirae Mutual Fund cut positions in Maruti Suzuki and Axis Bank, but remained neutral on HDFC Bank and Infosys Ltd. 

The fund’s top 3 mid-cap picks for January 2023 based on percentage increase in holdings included Ultratech Cements, United Spirits and Apollo Hospitals.

How DSP Mutual Fund churned its equity portfolio in January 2023

DSP Mutual Fund bought a large chunk of Bajaj Finance and smaller quantities of ICICI Bank, Axis Bank, IPCA Labs, Emami and Alkem Laboratories. DSP Mutual Fund cut positions in HCL Technologies, HDFC Bank and Supreme Industries, but remained neutral on Infosys Ltd.

The fund’s top 3 mid-cap picks for the month of January 2023 based on percentage increase in holdings were Engineers India, Ambuja Cements and Apar Industries in January 2023.

Top 10 stocks for today – 21st December 2022

  • India Infoline News Service
  • 21 Dec , 2022
  • 5:45 AM
  • Here are the top 10 stocks that may show price movement today.

City Union Bank: 

For the year ending March 2022, the private sector lender reported a divergence in NPAs of Rs259 crore, comprising of 13 borrower accounts for an amount of Rs230 crore and 218 borrowers for an amount of Rs29 crore.

Dabur India: 

The Burman family, who are the promoters of the domestic FMCG giant, have raised money by selling shares on the open market that represent around 1% of the company.

Bharti Airtel: 

Under its startup accelerator program, the telecom operator paid an undisclosed sum for a strategic share of about 8% in Lemnisk.

Uno Minda: 

To expand its line of advanced vehicle sensors, the auto player signed a licensing deal with Ascentec, Korea.

Visaka Industries: 

The manufacturer of building materials stated that the West Bengal factory, which will cost Rs130 crore, will be operational by August 2023.

Reliance Capital: 

The Mumbai-based NBFC Cosmea Financial Holdings has withdrawn from the competition to purchase the insolvent company through an insolvency run bid procedure.

Sundaram Finance: 

The non-banking financial company and Care Health Insurance have agreed to work together to provide consumers with specialized health insurance options.

Jubilant Ingrevia: 

The company that deals in specialized chemicals issued commercial papers to raise Rs150 crore.

Shyam Metallics and Energy: 

The metal company said that by acquiring Mittal Corp Ltd through an NCLT-led resolution procedure, it had entered the stainless steel market.

VIP Clothing: 

The textile company recently raised Rs10.41 crore by selling its facility in Umbergaon.

For feedback and suggestions, write to us at editorial@iifl.com

RELATED BLOG POSTS

Image not found
  • 13 February, 2023 |
  • 3:08 PM

Here we look at the top 10 mutual fund AMCs by equity AUM and evaluate at 2 levels.

ad IconAd Image