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Stocks attracting fund managers in August 2020

Henil Shah
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Stocks attracting fund managers in August 2020

In the month of August 2020, the financial sector gained over other sectors to be on the top of fund managers’ buying list, followed by technology, healthcare, media, and communications sector.

 

Stock Name

Sector

Asset Class

Net Qty Bought

Approx. Buy Value (In Cr)

Axis Bank Ltd

Financials

Large-Cap

4,06,41,322

1,886.59

HDFC Ltd

Financials

Large-Cap

89,18,113

1,611.79

Bandhan Bank Ltd

Financials

Large-Cap

4,77,86,529

1,555.21

Infosys Ltd

Technology

Large-Cap

1,30,47,951

1,236.04

Bharti Airtel Ltd

Media and Communications

Large-Cap

2,00,03,639

1,068.17

 

So, if we look at the above table, then we can see that in the month of August 2020, the financial sector has come in the top five sector preference of fund managers with a total approximate buying of Rs 8,309.71 crore. In the financial sector also, Axis Bank Ltd, HDFC Ltd, and Bandhan Bank Ltd have made its way to the top five buying with a total approximate buying value of Rs 5,053.59 crore.

 

Further, if we look at the total sector-wise buying done in the month of August 2020, then the financial sector has emerged on the top, followed by the technology, healthcare, media & communications, and FMCG sector with an approximate buying of Rs 8,309.71 crore, Rs 3,309.70 crore, Rs 1,613.79 crore, Rs 1,336.53 crore, and Rs 1,146.50 crore, respectively.

 

Looking at the total buying done in the month of August 2020 market cap-wise, large-cap is at the top, followed by mid-cap and small-cap with an approximate buying value of Rs 14,042.68 crore, Rs 3,952.10 crore, and Rs 1,739.68 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 mutual funds being made to be based on your individual risk assessment.

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