IIFL Mutual Fund Tracker - February 2024

14 Feb 2024 , 02:26 PM

IIFL Mutual Fund Tracker – Feb 2024: Analysts of IIFL Capital Services are pleased to release this month’s issue of “IIFL Mutual Fund Tracker”. The report will capture some of the key attributes of mutual funds relating to portfolio changes, sector allocation, major additions/deletions, fund flows and cash holding trends. They hope you will find this product useful and as always we welcome feedback to improve the same.

–Key Highlights

-Major buys in January were HDFCB, RELIANCE, KMB, MSIL, LT, AXSB, VOLT and PAYTM. Funds reduced positions in NTPC, BHARTI, ONGC, INFO, Z, TVSL and ICICIBC.

-Market capitalisation focused schemes Additions/Deletions

–Large & Large Mid Cap schemes major additions were APNT, CIPLA, ARBP, INBK and GDSP. Major reductions included HUVR, DLF, SBIN, NACL, BOB, NHPC, LICI and ALKEM.

–Mid Cap schemes added MOTHERSO, LICHF, POLICYBZ, NHPC, HPCL, FORH, ACC and AUBANK. Major reductions included CIFC, BHE, HMN, SHFL, POLYCAB and NFIL.

–Small Cap schemes major additions were IFBI, JYOTICNC, KVB, CROMPTON, HMFC, PRICOL, NHPC, SII, KIMS and SHOP. Most reduced were SJVN, BANDHAN, BSE, KPITTECH, KEII, CENT, ENGR, BHEL and KPR.

IN/OUT

– Medi Assist Healthcare Services (IPO) enters the portfolio of 10 funds.

– Jyoti CNC Automation (IPO) enters the portfolio of 8 funds.

– NHPC (OFS) enters the portfolio of 5 funds.

– Pricol enters the portfolio of 3 funds.

– Wipro enters the portfolio of 3 funds.

– Bank Of India enters the portfolio of 3 funds.

 – Sundaram-Clayton exits the portfolio of 3 funds.

– Tata Consumer Products exits the portfolio of 3 funds.

 

–Cash levels: Absolute cash levels across all the equity focused schemes were ~4.28% (vs. 6M average of ~4.67%).

Note: All Market Cap, All Sector, Contra, Dividend yield, ELSS, Value, Focused, Hybrid and Solution (Ex of Arbitrage & ETF/Index Funds) are the universe for analysis and assessing Cash levels.