MF Update: Most loved and hated stocks of July 2020
The month of July has been good for the Indian equity market as benchmark equity indices have inched up by more than seven per cent. The broader market indices also followed the same. The equity dedicated mutual fund, although, witnessed a net outflow in the month of July, there was a lot of activity at the stock level.
The most loved stock of mutual funds in the month of July 2020, purely in terms of the number of shares, was Yes Bank. HDFC AMC bought 16.35 crore of bank shares in the month of July. No other mutual fund house seems to have shown interest in the shares of Yes Bank.
Most loved stocks of July 2020
|
Company
|
Sum of shares bought
|
Number of fund houses bought
|
|
Yes Bank
|
16,35,00,000.00
|
1
|
|
Tata Power
|
2,09,65,889.00
|
2
|
|
NHPC
|
1,96,93,094.00
|
2
|
|
ICICI Bank
|
1,93,04,287.00
|
4
|
|
State Bank Of India
|
1,86,43,345.00
|
4
|
|
City Union Bank
|
1,27,13,161.00
|
2
|
|
Wipro
|
1,15,72,724.00
|
1
|
|
HDFC Life Insurance Co
|
1,06,65,416.00
|
2
|
|
Equitas Holdings
|
89,48,875.00
|
1
|
|
Sun Pharmaceutical Industries
|
85,90,192.00
|
2
|
Source: DART
The banks seem to acquire a pole position again in terms of the number of fund houses. Both ICICI Bank and SBI are bought by four different fund houses.
Below is a list of companies where mutual funds sold the most number of shares in the month of July 2020:
Most sold stocks of July 2020
|
Company
|
No of shares
|
Number of fund houses sold
|
|
Vodafone Idea
|
386469846
|
7
|
|
Vedanta
|
38235241
|
2
|
|
The Federal Bank
|
23340323
|
3
|
|
Steel Authority Of India
|
20742909
|
1
|
|
Mahindra & Mahindra Financial Services
|
19036042
|
2
|
|
Punjab National Bank
|
18103419
|
3
|
|
Tata Power
|
17398752
|
2
|
|
Bank Of Baroda
|
16655991
|
1
|
|
TV18 Broadcast
|
15597927
|
1
|
|
Emami
|
13113399
|
1
|
Vodafone Idea remained the most sold stock for the month of July, followed by Vedanta.
One common thing in both the list is that the top spot is occupied by companies having share prices in lower double-digit. Hence, though in terms of the numbers of shares, they might be at the top, in terms of values, there might be other companies.
For example, Reliance Industries is one of the companies that saw the highest number of shares being sold by fund houses in terms of value.
The above information should not be construed for taking a position in companies.