Stocks attracting fund managers in July 2020

In the month of July 2020, the technology sector gained over other sectors to be on the top of the fund managers’ buying list, followed by financials, chemicals, and the healthcare sector.

In the above table, you can see that in the month of July 2020, the technology sector has been enlisted in the top five sectors’ preference of the fund manager with a total approximate buying of Rs 3,132 crore. In the technology sector also, Tata Consultancy Services Ltd and Infosys Ltd have made its way to the top five buying with a total approximate buying value of Rs 2,370 crore.

If we look at the total sector-wise buying done in the month of July 2020, then the technology sector has been on the top followed by financials, chemicals, healthcare, automobile and ancillaries’ sector with an approximate buying of Rs 3,132.18 crore, Rs 2,049.27 crore, Rs 1,796.82 crore, Rs 1,393.90 crore, and Rs 824.30 crore, respectively.

If we look at the total buying done in the month of July 2020 market cap-wise then, large-cap is at the top, followed by mid-cap and small-cap with an approximate buying value of Rs 6,886.48 crore, Rs 5,251.34 crore and Rs 1,577.21 crore, respectively.

The intention of the above analysis is only for the purpose of understanding the activity of mutual funds and gauging the fund managers’ approach and it in no means, a recommendation to buy or sell. It is always advisable to have a financial plan in place, which must be followed with discipline and investments in the mutual funds being made to be based on your individual risk assessment.