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|---|---|---|
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Top stocks bought and sold by mutual funds in June 2018
Investors should focus on longevity to create wealth. We advise investors to stay invested in those stocks whose growth story is still intact.
Jul 14, 2018 12:07 IST India Infoline News Service
The Indian equity market was under pressure in June due to rising crude oil prices, weakening INR against USD, rising inflation, fear of subsequent interest rate hikes by the RBI, US Fed rate hikes, change in ECB’s stance, and especially the fear of a trade war, which has dampened the market sentiment more than anything else.
Besides this, state elections in MP, Rajasthan, and Jharkhand over December 2018 – January 2019, and the general elections in 2019 have made investors cautious on equities.
Possibly owing to these factors, among other things, the inflows in equity mutual funds also slowed in June 2018. Net inflows into equity schemes (excluding Arbitrage Funds) declined 15.8% to Rs8,764cr against Rs10,444cr in May 2018, according to data released by the Association of Mutual Funds in India (AMFI). However, overall mutual funds received Rs46,475cr in June 2018 compared to an outflow of Rs50,000cr in May 2018.
Since the market is trading at slightly premium valuations amidst the above-mentioned events, investors should focus on longevity to create wealth. We advise investors to stay invested in those stocks whose growth story is still intact.
Fund managers have also realigned their portfolio to address the current volatility in the market. Below are top 20 stocks bought and sold by mutual funds in June 2018.
Top 20 stocks bought by mutual funds in June 2018
(Source: ACE MF)
Top 20 stocks sold by mutual funds in June 2018
(Source: ACE MF)
Besides this, state elections in MP, Rajasthan, and Jharkhand over December 2018 – January 2019, and the general elections in 2019 have made investors cautious on equities.
Possibly owing to these factors, among other things, the inflows in equity mutual funds also slowed in June 2018. Net inflows into equity schemes (excluding Arbitrage Funds) declined 15.8% to Rs8,764cr against Rs10,444cr in May 2018, according to data released by the Association of Mutual Funds in India (AMFI). However, overall mutual funds received Rs46,475cr in June 2018 compared to an outflow of Rs50,000cr in May 2018.
Since the market is trading at slightly premium valuations amidst the above-mentioned events, investors should focus on longevity to create wealth. We advise investors to stay invested in those stocks whose growth story is still intact.
Fund managers have also realigned their portfolio to address the current volatility in the market. Below are top 20 stocks bought and sold by mutual funds in June 2018.
Top 20 stocks bought by mutual funds in June 2018
| Market Value | |||||
| Sr. No. | Company Name |
June 2018 (in Rs cr) |
May 2018 (in Rs cr) |
Absolute Change (in Rs cr) | % Change |
| 1 | Reliance Industries Ltd | 19,988 | 17,536 | 2,452 | 14.0 |
| 2 | Infosys Ltd | 33,265 | 31,060 | 2,205 | 7.1 |
| 3 | ITC Ltd | 24,227 | 22,307 | 1,920 | 8.6 |
| 4 | HDFC Ltd | 22,613 | 20,890 | 1,723 | 8.2 |
| 5 | TCS Ltd | 14,224 | 12,540 | 1,684 | 13.4 |
| 6 | Sun Pharmaceutical Industries Ltd | 11,482 | 10,349 | 1,132 | 10.9 |
| 7 | Dr. Reddys Laboratories Ltd | 4,229 | 3,276 | 953 | 29.1 |
| 8 | Vedanta Ltd | 6,688 | 5,904 | 784 | 13.3 |
| 9 | Cipla Ltd | 5,511 | 4,736 | 774 | 16.4 |
| 10 | State Bank Of India | 27,355 | 26,669 | 687 | 2.6 |
| 11 | Aurobindo Pharma Ltd | 5,408 | 4,864 | 544 | 11.2 |
| 12 | Axis Bank Ltd | 12,836 | 12,324 | 512 | 4.2 |
| 13 | Maruti Suzuki India Ltd | 16,510 | 16,013 | 497 | 3.1 |
| 14 | Bajaj Auto Ltd | 2,411 | 1,918 | 493 | 25.7 |
| 15 | RBL Bank Ltd | 3,822 | 3,352 | 470 | 14.0 |
| 16 | Hindustan Unilever Ltd | 6,404 | 5,969 | 435 | 7.3 |
| 17 | Bharat Financial Inclusion Ltd | 4,073 | 3,666 | 407 | 11.1 |
| 18 | Wipro Ltd | 3,327 | 2,928 | 400 | 13.7 |
| 19 | Titan Company Ltd | 3,555 | 3,178 | 377 | 11.9 |
| 20 | Tata Motors Ltd | 6,869 | 6,520 | 349 | 5.4 |
Top 20 stocks sold by mutual funds in June 2018
| Market Value | |||||
| Sr. No. | Company Name |
June 2018 (in Rs cr) |
May 2018 (in Rs cr) |
Absolute Change (in Rs cr) | % Change |
| 1 | HDFC Bank Ltd | 53,244 | 55,491 | -2,247 | -4.0 |
| 2 | Hindustan Petroleum Corporation Ltd | 4,134 | 5,027 | -893 | -17.8 |
| 3 | Mahindra & Mahindra Ltd | 10,279 | 11,164 | -885 | -7.9 |
| 4 | Power Grid Corporation Of India Ltd | 7,565 | 8,268 | -703 | -8.5 |
| 5 | Bank Of Baroda | 3,377 | 4,079 | -701 | -17.2 |
| 6 | NCC Ltd | 1,800 | 2,295 | -494 | -21.5 |
| 7 | Indian Oil Corporation Ltd | 6,472 | 6,949 | -477 | -6.9 |
| 8 | Interglobe Aviation Ltd | 2,150 | 2,603 | -452 | -17.4 |
| 9 | Larsen & Toubro Ltd | 25,934 | 26,376 | -443 | -1.7 |
| 10 | GAIL (India) Ltd | 9,220 | 9,639 | -420 | -4.4 |
| 11 | Ashok Leyland Ltd | 2,388 | 2,762 | -375 | -13.6 |
| 12 | Equitas Holdings Ltd | 1,727 | 2,098 | -372 | -17.7 |
| 13 | Max Financial Services Ltd | 3,437 | 3,791 | -354 | -9.3 |
| 14 | Tata Chemicals Ltd | 4,381 | 4,729 | -348 | -7.4 |
| 15 | Gruh Finance Ltd | 2,099 | 2,445 | -346 | -14.1 |
| 16 | UPL Ltd | 2,727 | 3,070 | -343 | -11.2 |
| 17 | Adani Ports and Special Economic Zone Ltd | 1,287 | 1,627 | -341 | -20.9 |
| 18 | Hindustan Zinc Ltd | 663 | 1,001 | -338 | -33.8 |
| 19 | Motherson Sumi Systems Ltd. | 5,192 | 5,523 | -332 | -6.0 |
| 20 | Tech Mahindra Ltd. | 4,854 | 5,172 | -318 | -6.1 |
