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MF Update: Most loved and hated stocks of July 2020

Shashikant Singh
/ Categories: Mutual Fund
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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.

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