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

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
(Source: ACE MF)
 
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
(Source: ACE MF)

Related Story