What Big 10 fund houses bought and sold in April 2024

24 May 2024 , 01:22 PM

APRIL 2024 – ROBUST FOR EQUITY FUNDS, RECORD FOR SIPS

If March 2024 was a tough month for the debt funds, with outflows of close to ₹1.98 Trillion; then April 2024 marked a turnaround with debt fund inflows of ₹1.89 Trillion. Equity fund flows are positive but progressively lower. For instance, net equity fund flows in April 2024 stood at ₹18,917 Crore in April; compared to ₹22,633 Crore in March 2024, and ₹26,703 Crore in February 2024. Within the equity fund category, bulk of the buying came into sectoral funds and multi-cap / flexi-cap funds. However, the good news was that small cap funds were back in favour in April 2024. While investors continues to be sceptical about large cap funds, the large & mid cap funds and the pure mid-cap funds are seeing a lot of buying interest from equity investors. Clearly, alpha is ok, even with concentration risk. While NFO flows were tepid at ₹1,532 Crore in April, the gross SIP flows set a lifetime record of ₹20,371 Crore in the month of April 2024. That is driving equity fund action.

If flows into equity funds have been robust and MFs have been consistent buyers in equities, the real question is what have mutual funds been buying. One thing we need to understand is that MF churn is not determined by net equity fund inflows of ₹18,917 Crore. Instead, the participation in stock markets is determined by the gross churn, which is the sum of purchases and redemptions. The gross purchases of equity funds stood at ₹55,367 Crore in April 2024 while ₹36,450 Crore of redemptions were seen. It is this gross figure of ₹91,817 that will determines the equity churn by mutual funds in the month of April 2024. In India there are 45 AMCs; so, we cannot obviously look at the buying and selling of all these AMCs. We will restrict to 10 most powerful funds in terms of equity market AUM.

SBI MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of the close of April 30, 2024, SBI Mutual Funds has total equity AUM of ₹6,75,239 Crore, making it the largest fund by AUM by a margin. Over the last 1 month the equity fund AUM has grown by 2.7% while the yoy growth in equity fund AUM stands at an impressive 40.5%. SBI MF holds a total of 576 stocks across all its equity schemes. Here are some of the portfolio highlights of SBI mutual funds for April 2024.

• Its major stock additions in April 2024 included Bharti Hexacom (45.79 Lakh shares), Arvind Ltd (7.49 Lakhs shares), and Shipping Corporation of India (15.70 Lakh shares).
• The fund’s major exits in April 2024 included Fusion Microfinance (-7.21 Lakh shares), and Inox India Ltd (-0.91 Lakh shares).
• The top 5 equity holdings of SBI Mutual fund included HDFC Bank, ICICI Bank, Reliance Industries, Infosys, and State Bank of India (SBI). Its maximum sectoral exposure was to BFSI, Oil & Gas, IT Services, automobiles, and FMCG.

For April 2024, SBI Mutual Fund bought a total of 3 stocks and sold 2 stocks.

ICICI PRUDENTIAL MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of the close of April 30, 2024, ICICI Prudential Mutual Fund has total equity AUM of ₹4,25,962 Crore, making it the second largest fund by AUM. Over the last 1 month the equity fund AUM has grown by 4.8% while the yoy growth in equity fund AUM stands at an impressive 65.9%. ICICI Prudential Mutual Fund holds a total of 642 stocks across all its equity schemes. Here are portfolio highlights of ICICI Prudential Mutual Fund in April 2024.

• Its major stock additions in April 2024 included Nirlon Ltd (42.86 Lakh shares), Bharti Hexacom (17.54 Lakhs shares), PSP Projects (10.45 Lakh shares), Cyient DLM (4.00 Lakh shares), and Kesoram Industries (5.87 Lakh shares).
• The fund’s major exits in April 2024 included DCB Bank (-12.37 Lakh shares), Hikal Ltd (-4.19 Lakh shares), SP Apparels (-2.05 Lakh shares), Max Estates (-1.58 Lakh shares, and Bajaj Consumer Care (-1.23 Lakh shares).
• The top 5 equity holdings of ICICI Prudential Mutual Fund included ICICI Bank, HDFC Bank, Reliance Industries, Infosys, and Maruti Suzuki Ltd. Its maximum sectoral exposure was to BFSI, Automobiles, IT Services, Oil & Gas, and Pharmaceuticals.

For April 2024, ICICI Prudential Mutual Fund bought a total of 8 stocks and sold 6 stocks.

HDFC MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of the close of April 30, 2024, HDFC Mutual Fund has total equity AUM of ₹3,74,017 Crore, making it the third largest fund by AUM. Over the last 1 month the equity fund AUM has grown by 5.5% while the yoy growth in equity fund AUM stands at an impressive 63.2%. HDFC Mutual Fund holds a total of 665 stocks across all its equity schemes. Here are portfolio highlights of HDFC Mutual Fund in April 2024.

• Its major stock additions in April 2024 included Bharti Hexacom (26.43 Lakh shares), HBJ Ltd (11.12 Lakhs shares), and Technocraft Industries (0.60 Lakh shares).
• The fund’s major exits in April 2024 included Johnson Controls Hitachi (-0.20 Lakh shares).
• The top 5 equity holdings of HDFC Mutual Fund included HDFC Bank, ICICI Bank, Axis Bank, State Bank of India (SBI) and Reliance Industries. Its maximum sectoral exposure was to BFSI, Pharmaceuticals, Automobiles, IT Services, and oil & gas.

For April 2024, HDFC Mutual Fund bought a total of 3 stocks and sold 1 stock.

NIPPON INDIA MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of the close of April 30, 2024, Nippon India Mutual Fund has total equity AUM of ₹3,12,247 Crore, making it the fourth largest fund by equity AUM. Over the last 1 month the equity fund AUM has grown by 7.6% while the yoy growth in equity fund AUM stands at an impressive 80.8%. Nippon India Mutual Fund holds a total of 612 stocks across all its equity schemes. Here are portfolio highlights of Nippon India Mutual Fund in April 2024.

• Its major stock additions in April 2024 included Bharti Hexacom (7.90 Lakh shares), and JNK India Ltd (5.93 Lakhs shares).
• The fund’s major exits in April 2024 included Nazara Technologies Ltd (-10.41 Lakh shares).
• The top 5 equity holdings of Nippon India Mutual Fund included HDFC Bank, NTPC, ICICI Bank, Reliance Industries, and Power Grid Corporation. Its maximum sectoral exposure was to BFSI, Power Pharmaceuticals, capital goods, and oil & gas.

For April 2024, Nippon India Mutual Fund bought a total of 2 stocks and sold 1 stock.

KOTAK MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of the close of April 30, 2024, Kotak Mutual Fund has total equity AUM of ₹2,35,746 Crore, making it the fifth largest fund by equity AUM. Over the last 1 month the equity fund AUM has grown by 7.5% while the yoy growth in equity fund AUM stands at an impressive 63.9%. Kotak Mutual Fund holds a total of 375 stocks across all its equity schemes. Here are portfolio highlights of Kotak Mutual Fund in April 2024.

• Its major stock additions in April 2024 included Bharti Hexacom (106.08 Lakh shares), 360 One WAM (21.44 Lakhs shares), JNK India Ltd (21.04 Lakh shares), and Marksans Pharma Ltd (4.50 Lakh shares).
• The fund’s major exits in April 2024 included Archean Chemicals (-6.37 Lakh shares), Sona BLW Precision (-2.03 Lakh shares), Hindustan Oil Exploration (-5.70 Lakh shares), Tata Technologies Ltd (-0.75 Lakh shares), and IREDA Ltd (-1.37 Lakh shares).
• The top 5 equity holdings of Kotak Mutual Fund included HDFC Bank, ICICI Bank, Axis Bank, State Bank of India, and Maruti Suzuki Ltd. Its maximum sectoral exposure was to BFSI, automobiles, oil & gas, IT services, and pharmaceuticals.

For April 2024, Kotak Mutual Fund bought a total of 4 stocks and sold 5 stocks.

UTI MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of the close of April 30, 2024, UTI Mutual Fund has total equity AUM of ₹2,24,962 Crore, making it the sixth largest fund by equity AUM. Over the last 1 month the equity fund AUM has grown by 3.4% while the yoy growth in equity fund AUM stands at an impressive 35.4%. UTI Mutual Fund holds a total of 440 stocks across all its equity schemes. Here are portfolio highlights of UTI Mutual Fund in April 2024.

• Its major stock additions in April 2024 included Bharti Hexacom (15.01 Lakh shares), JK Paper (10.30 Lakhs shares), PSP Projects (5.22 Lakh shares), Zensar Technologies (4.77 Lakh shares), and India Energy Exchange – IEX (2.96 Lakh shares).
• The fund’s major exits in April 2024 included Brightcom Corp (-5.82 Lakh shares), MOIL Ltd (-3.93 Lakh shares), and Hawkins Cookers (-0.35 Lakh shares).
• The top 5 equity holdings of UTI Mutual Fund included HDFC Bank, ICICI Bank, Reliance Industries, Infosys, and Bharti Airtel Ltd. Its maximum sectoral exposure was to BFSI, IT Services, automobiles, oil & gas, and pharmaceuticals.

For April 2024, UTI Mutual Fund bought a total of 9 stocks and sold 3 stocks.

AXIS MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of the close of April 30, 2024, Axis Mutual Fund has total equity AUM of ₹1,74,306 Crore, making it the seventh largest fund by equity AUM. Over the last 1 month the equity fund AUM has grown by 1.7% while the yoy growth in equity fund AUM stands at an impressive 28.2%. Axis Mutual Fund holds a total of 351 stocks across all its equity schemes. Here are portfolio highlights of Axis Mutual Fund in April 2024.

• Its major stock additions in April 2024 included Bharti Hexacom (34.01 Lakh shares), Titagarh Rail (2.62 Lakhs shares), Sun TV Networks (1.76 Lakh shares), and Ingersoll Rand (0.06 Lakh shares).
• The fund’s major exits in April 2024 included Apollo Tyres (-3.24 Lakh shares), Engineers India (-0.28 Lakh shares), Glaxo SmithKline Pharma (-0.22 Lakh shares), Bayer Cropsciences (-0.20 Lakh shares), and Ceat Ltd (-0.15 Lakh shares).
• The top 5 equity holdings of Axis Mutual Fund included ICICI Bank, HDFC Bank, Bajaj Finance, Avenue Supermarts, and TCS Ltd. Its maximum sectoral exposure was to BFSI, automobiles, pharmaceuticals, IT Services, and Retail.

For April 2024, Axis Mutual Fund bought a total of 5 stocks and sold 5 stocks.

ABSL MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of the close of April 30, 2024, ABSL Mutual Fund (Aditya Birla Sun Life) has total equity AUM of ₹1,54,653 Crore, making it the eighth largest fund by equity AUM. Over the last 1 month the equity fund AUM has grown by 4.3%, while the yoy growth in equity fund AUM stands at an impressive 36.5%. ABSL Mutual Fund holds a total of 450 stocks across all its equity schemes. Here are portfolio highlights of ABSL Mutual Fund in April 2024.

• Its major stock additions in April 2024 included Bharti Hexacom (9.24 Lakh shares), and GE T&D India (3.66 Lakhs shares).
• The fund’s major exits in April 2024 included Ujjivan Financial Services (-1.74 Lakh shares), Can Fin Homes (-1.27 Lakh shares), Affle India (-0.81 Lakh shares), and Kaynes Technology India (-0.58 Lakh shares).
• The top 5 equity holdings of ABSL Mutual Fund included HDFC Bank, ICICI Bank, Reliance Industries, Infosys, and Larsen & Toubro. Its maximum sectoral exposure was to BFSI, IT Services, automobiles, pharmaceuticals, and oil & gas.

For April 2024, ABSL Mutual Fund bought a total of 2 stocks and sold 4 stocks.

MIRAE MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of the close of April 30, 2024, Mirae Mutual Fund has total equity AUM of ₹1,46,108 Crore, making it the ninth largest fund by equity AUM. Over the last 1 month the equity fund AUM has grown by 2.7% while the yoy growth in equity fund AUM stands at an impressive 36.3%. Mirae Mutual Fund holds a total of 416 stocks across all its equity schemes. Here are portfolio highlights of Mirae Mutual Fund in April 2024.

• Its major stock additions in April 2024 included Bharti Hexacom (16.10 Lakh shares), JNK India Ltd (4.48 Lakhs shares), Honasa Consumer (1.74 Lakh shares), and Ratnamani Metals & Tubes (0.60 Lakh shares).
• The fund’s major exits in April 2024 included Medi-Assist Healthcare (-2.09 Lakh shares), Aptus Value Housing Finance (-1.34 Lakh shares), Jupiter Life Line Hospitals (-0.60 Lakh shares), and Concord Biotech (-0.04 Lakh shares).
• The top 5 equity holdings of Mirae Mutual Fund included HDFC Bank, ICICI Bank, Reliance Industries, Axis Bank, and Infosys Ltd. Its maximum sectoral exposure was to BFSI, IT Services, pharmaceuticals, automobiles, and oil & gas.

For April 2024, Mirae Mutual Fund bought a total of 4 stocks and sold 4 stocks.

DSP MUTUAL FUND: EQUITY PORTFOLIO CHURN IN APRIL 2024

As of April 30, 2024, DSP Mutual Fund has total equity AUM of ₹98,182 Crore, making it the tenth largest in India by AUM. Over last 1 month the equity fund AUM grew by 8.3% while the yoy growth in equity fund AUM stood at 45.9%. DSP Mutual Fund holds a total of 387 stocks across all equity schemes. Here are portfolio highlights of DSP Mutual Fund in April 2024.

• Its major stock additions in April 2024 included JNK India Ltd (29.20 Lakh shares), Firstsource Solutions (5.97 Lakhs shares), Bharti Hexacom (3.51 Lakh shares), and Jindal Saw (2.57 Lakh shares).
• The fund’s major exits in April 2024 included M&M Financial (-0.34 Lakh shares), DCM Shriram (-0.25 Lakh shares), and United Breweries Ltd (-0.12 Lakh shares).
• The top 5 equity holdings of DSP Mutual Fund included HDFC Bank, ICICI Bank, IPCA Laboratories, Bajaj Finance, and Axis Bank. Its maximum sectoral exposure was to BFSI, Automobiles, pharmaceuticals, IT Services and Chemicals.

For April 2024, DSP Mutual Fund bought a total of 4 stocks and sold 3 stocks.