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Mutual Fund Update: Stocks that attracted fund managers in Feb

Henil Shah
/ Categories: Mutual Fund Unlocked
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Mutual Fund Update: Stocks that attracted fund managers in Feb

If we look at the January 2018 data, we find that financial and technology sectors were among the top buys of the fund managers. However, the story in the month of February 2019 is something different, this time technology stocks moved down and rather energy is back in the top of fund managers buying list, followed by FMCG (Fast Moving Consumer Goods) and Infrastructure sector and among the financial sector, banks still are among the top bets of fund managers.


Stock Name

Sector

Asset Class

Month

Net Qty Bought

Approx. Buy Value(In Cr)

Kotak Mahindra Bank Ltd.

Financials

Large-Cap

Feb-19

2,16,86,010

2,676.83

Axis Bank Ltd.

Financials

Large-Cap

Feb-19

3,62,13,459

2,593.33

Larsen & Toubro Ltd.

Infrastructure

Large-Cap

Feb-19

1,52,31,878

1,985.72

Reliance Industries Ltd.

Energy

Large-Cap

Feb-19

1,35,40,765

1,664.31

State Bank of India

Financials

Large-Cap

Feb-19

4,90,26,569

1,379.42


So, if we look at the above table, we can see that banks again have made their place in the buying list of the fund managers in the month of February 2019, with total approximate buying of Rs. 6,649.58 crores. Even in banks, Kotak and Axis have made to the top with approximate buying of Rs. 2,676.83 and 2,593.33, respectively.
If we look at the total buying done in the month of February 2019 sector-wise, we find that financials and energy have been on the top, followed by FMCG, infrastructure and technology with approximate buying of Rs. 8,245.36 crore, 3,728.56 crore, 3,524.83 crore, 2,064.70 crore and 1,802.31 crore, respectively.

If we look at the total buying done in the month of February 2019 market cap-wise, we find that large-cap were at the top, followed by mid-cap and small-cap with approximate buying of Rs. 19,617.41 crore, 4,538.75 crore and 2,059.65 crore, respectively.

So, 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 is 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 should always be made based on your individual risk assessment.

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