Top stocks bought and sold by mutual funds in April 2018

Mutual funds received record-breaking inflows of Rs6,690cr into the mutual fund industry via SIP in April 2018. During FY18, the mutual funds received Rs67,190cr of inflows in mutual funds via SIPs compared to Rs43,921cr during FY17.

May 15, 2018 12:05 IST India Infoline News Service Jitender Singh |

Indian equity market rebounded in April 2018 after two consecutive months of negative returns. Nifty 50 gave ~6.2% return in April 2018 vs ~-3.6% in March 2018 and ~-4.9% in February 2018. Small-cap stocks outshined the Large-cap and Mid-cap stocks in April 2018. BSE Small-cap gave ~8.3% return, while BSE Sensex and BSE Mid-cap gave 6.7% and 6.6% return respectively in April 2018.

Mutual funds received record-breaking inflows of Rs6,690cr into the mutual fund industry via SIP in April 2018. During FY18, the mutual funds received Rs67,190cr of inflows in mutual funds via SIPs compared to Rs43,921cr during FY17.

The aforementioned data indicates that there is a significant shift in saving and investing habits of Indian investors. Investors will continue to shift to mutual funds, particularly in equity funds, since the equity market is outperforming other asset classes. However, instead of quick gains, investors should focus on the longevity of investments.

Market sentiment is bullish and the fund managers have also realigned their portfolio to beat the market. Below are top 20 stocks bought and sold by mutual funds in April 2018.
 
Top 20 stocks bought by mutual funds in April 2018
Market Value
Sr. No. Company Name Apr-2018
(Rs Cr.)
Mar-2018
(Rs Cr.)
Absolute Change (Rs Cr.) % Change
1 Infosys Ltd. 29,246 26,211 3,036 11.6
2 ITC Ltd. 22,201 19,896 2,304 11.6
3 Yes Bank Ltd. 9,410 7,126 2,284 32.1
4 Kotak Mahindra Bank Ltd. 16,630 14,506 2,124 14.6
5 Reliance Industries Ltd. 17,642 15,549 2,093 13.5
6 Mahindra & Mahindra Ltd. 10,349 8,322 2,027 24.4
7 Larsen & Toubro Ltd. 26,995 25,209 1,786 7.1
8 HDFC Bank Ltd. 50,143 48,636 1,507 3.1
9 HDFC Ltd. 19,935 18,679 1,256 6.7
10 Tata Steel Ltd. 9,786 8,701 1,085 12.5
11 Tata Consultancy Services Ltd. 12,919 11,992 928 7.7
12 Sun Pharmaceutical Industries Ltd. 10,661 9,822 839 8.5
13 TI Financial Holdings Ltd. 2,428 1,590 838 52.7
14 Hindustan Unilever Ltd. 5,377 4,558 819 18.0
15 Maruti Suzuki India Ltd. 15,793 14,998 795 5.3
16 Cipla Ltd. 5,187 4,406 781 17.7
17 Aurobindo Pharma Ltd. 5,630 4,851 779 16.1
18 Power Grid Corporation Of India Ltd. 10,153 9,397 756 8.0
19 Cholamandalam Investment & Finance Company Ltd. 4,301 3,567 735 20.6
20 Hindalco Industries Ltd. 6,112 5,403 710 13.1
Source: ACE MF
 
Top 20 stocks sold by mutual funds in April 2018
Market Value
Sr. No. Company Name Apr-2018
(Rs Cr.)
Mar-2018
(Rs Cr.)
Absolute Change (Rs Cr.) % Change
1 Tube Investments of India Ltd. 250 754 -504 -66.8
2 Bharat Electronics Ltd. 4,182 4,486 -304 -6.8
3 State Bank Of India 23,941 24,236 -295 -1.2
4 Indian Oil Corporation Ltd. 6,902 7,150 -248 -3.5
5 ICICI Securities Ltd. 1,350 1,595 -245 -15.3
6 Hindustan Petroleum Corporation Ltd. 4,850 5,066 -216 -4.3
7 ICICI Bank Ltd. 30,833 31,013 -180 -0.6
8 APL Apollo Tubes Ltd. 497 671 -174 -25.9
9 Hindustan Zinc Ltd. 993 1,157 -164 -14.2
10 ICICI Lombard General Insurance Co Ltd 2,370 2,518 -148 -5.9
11 Sundaram Finance Holdings Ltd. 205 348 -143 -41.0
12 Indiabulls Housing Finance Ltd. 2,004 2,137 -133 -6.2
13 Punjab National Bank 2,000 2,122 -123 -5.8
14 Somany Ceramics Ltd. 470 573 -103 -18.0
15 Strides Shasun Ltd. 1,002 1,101 -99 -9.0
16 GE T&D India Ltd. 1,214 1,311 -97 -7.4
17 Sanofi India Ltd. 1,463 1,559 -96 -6.2
18 Gujarat State Petronet Ltd. 1,502 1,590 -88 -5.5
19 JK Lakshmi Cement Ltd. 714 800 -86 -10.7
20 Techno Electric & Engineering Company Ltd. 847 932 -85 -9.1
Source: ACE MF

Related Story